Mergers and acquisitions
Polish firm desires to get over Rosneft’s previous stake in German refinery: Reuters, citing sources
The German authorities placed PCK refinery in Schwedt, Brandenburg, under trusteeship. Now Reuters reports that Polish refiner PKN Orlen would like to just take in excess of the part of the facility owned by Russia’s Rosneft. Photo Alliance | Image Alliance | Getty Photos Polish refiner PKN Orlen is interested in taking a controlling stake […]
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Tech ‘capitulation’: BofA top banker Rick Sherlund predicts breakout in mergers due to troubled economic climate
Mergers in software program may well be about to split out. Leading expenditure banker Rick Sherlund of Bank of The usa sees a wave of struggling providers placing on their own up for sale at much less expensive costs owing to the economic downturn. “You do want to see greater capitulation,” the firm’s vice chair […]
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Assassin’s Creed maker Ubisoft plunges 16% soon after Chinese large Tencent ups stake
Tencent has elevated its stake in French games maker Ubisoft, the corporation at the rear of common franchises like Assassin’s Creed. But analysts explained this has correctly shut the doorway on a full takeover of the company. Rafael Henrique | Sopa Images | Lightrocket | Getty Photographs Shares of games developer Ubisoft plunged additional than […]
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CVS to buy home health giant Signify Health for about $8 billion
A CVS logo is displayed at one of their stores near Bloomsburg. Paul Weaver | Lightrocket | Getty Images CVS Health has reached a deal to acquire in-home health-care company Signify Health for about $8 billion, the companies said Monday. CVS said it will pay $30.50 a share in cash for Signify, an acquisition that […]
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Chobani withdraws IPO plans after yogurt maker filed to go public in November
Packages of Chobani yogurt sit on the shelf at a grocery store July 7, 2021 in Washington, DC. Drew Angerer | Getty Images Chobani is withdrawing its plans for an initial public offering, according to a regulatory filing on Friday. The food and beverage company filed to go public on the Nasdaq Exchange using the […]
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Chinese tech giant NetEase buys Star Wars game maker, marking its to start with main press into Europe
Chinese movie activity large NetEase has been aggressively expanding abroad as the domestic industry slows down amid tighter regulation. It now has totally-owned gaming studios in the U.S., Europe and Japan as it focuses on online games beyond just cellular and Computer. Arjun Kharpal | CNBC NetEase announced Wednesday that it has obtained a French […]
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Chinese food delivery giant Meituan tanks 9% after Tencent reportedly plans to divest $24 billion stake
Meituan is one of China’s largest food delivery companies. Delivery drivers can be seen zipping around Chinese cities. Tencent first backed rival Dianping in 2014 which merged with Meituan to form the current company. Jade Gao | AFP | Getty Images Shares of Chinese food delivery giant Meituan plunged 9% on Tuesday after Reuters reported […]
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Amazon’s acquisition strategy becomes clear. DA Davidson on who could be next
Amazon’s acquisition strategy has become evident after its two latest deals, according to DA Davidson. The e-commerce giant announced last week it was acquiring Roomba-maker iRobot for $1.7 billion. The news followed last month’s $3.9 billion acquisition of primary health-provider One Medical . In both cases, Amazon is following its historical approach of “build first, […]
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CVS says it plans to get into primary care by year end
A CVS Pharmacy store is seen in the Manhattan borough of New York City, New York. Shannon Stapleton | Reuters CVS said Wednesday that it plans to acquire or take a stake in a primary-care company by the end of the year, as competition heats up with Amazon and Walgreens. CEO Karen Lynch said on […]
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Apollo-led investment group in talks to buy Atlas Air
A Boeing 747 cargo freighter belonging to Atlas Air. S3studio | Getty Images An investment group led by Apollo Global Management Inc is in advanced talks to buy air-freight company Atlas Air Worldwide Holdings Inc, a person familiar with the matter told Reuters. No deal has been reached and details of the transaction, including the […]
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