Mergers and acquisitions
After 20 years at the helm, Klarna’s CEO Sebastian Siemiatkowski is about to face his biggest test yet
Key Points Sebastian Siemiatkowski has been CEO of Klarna for 20 years. He now faces his biggest test yet with a U.S. IPO fast approaching. Siemiatkowski has grown Klarna into a fintech powerhouse and a brand that’s virtually synonymous with the “buy now, pay later” payment method. However, his entrepreneurial journey hasn’t been without challenges […]
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CK Hutchison will not sign deal to sell strategic Panama ports next week, sources say
The MSC Regulus container ship, operated by Mediterranean Shipping Co. (MSC), left, the Monte Verde container ship, operated by Hamburg Sud, centre, and the OOCL Germany container ship, operated by Orient Overseas Container Line Ltd., docked at the Port of Felixstowe Ltd., a subsidiary of CK Hutchison Holdings Ltd., in Felixstowe, U.K., on Thursday, June […]
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Assassin’s Creed-maker Ubisoft’s shares surge 11% on deal to spin off top game franchises
Artwork for Ubisoft’s upcoming “Assassin’s Creed Shadows” game. John Keeble | Getty Images Ubisoft shares surged on Friday after the French video game publisher announced a deal to spin out some of its best-selling franchises. On Thursday, Ubisoft revealed plans to form a new gaming subsidiary, with Chinese technology giant Tencent investing 1.16 billion euros ($1.25 billion) […]
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Ubisoft spins out new unit for Assassin’s Creed and other games, Tencent to take $1.25 billion stake
On Jan. 9, Ubisoft said it was postponing the launch of “Assassin’s Creed Shadows” and had appointed advisors to review strategic options. Ina Fassbender | AFP via Getty Images Ubisoft on Thursday announced that it’s creating a new gaming subsidiary with Chinese technology giant Tencent investing 1.16 billion euros ($1.25 billion) into the unit. The […]
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Chinese bubble tea chain Chagee files for U.S. initial public offering
Pedestrians walk past a CHAGEE store in Shanghai, China on March 14, 2025. CFOTO | Future Publishing | Getty Images Chinese bubble tea chain Chagee filed for a U.S. initial public offering on Tuesday, seeking to trade on the Nasdaq using the ticker “CHA.” The IPO filing comes as the company prepares to open its […]
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Australia’s James Hardie to acquire U.S.-based AZEK in $8.8 billion deal
Fiber-cement maker James Hardie Industries said on Monday it will acquire outdoor products manufacturer AZEK in a cash and stock transaction valued at $8.75 billion, in what could potentially be Australia’s largest deal to date in 2025. Under the deal, AZEK shareholders are set to receive $26.45 in cash and 1.0340 ordinary shares of James […]
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Vance expects a ‘high-level’ TikTok deal by the April 5 deadline
U.S. Vice President J.D. Vance attends a meeting with U.S. President Donald Trump and NATO Secretary General Mark Rutte in the Oval Office of the White House on March 13, 2025 in Washington, DC. Andrew Harnik | Getty Images Vice President JD Vance expressed confidence Friday that a deal to sell TikTok and keep the social […]
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‘Please unleash us,’ Europe’s telcos urge regulators as industry bangs drum for more mega-deals
Key Points Last week at Mobile World Congress (MWC) in Barcelona, CEOs of European telecoms firms called on regulators to make it easier for them to combine their operations with other businesses. Currently, there are numerous telco players operating in different European countries. However, telco bosses say they’d be able to compete more effectively with […]
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Canada’s Couche-Tard tries to sell Japanese public on its $47 billion bid for 7-Eleven
Alimentation Couche-Tard took its case for its $47 billion takeover of Seven & i straight to the Japanese public on Thursday, marking a change in strategy by the low-key Canadian firm in response to what it described as months of stonewalling by the 7-Eleven owner. Eric Thomas | Afp | Getty Images Alimentation Couche-Tard took its case for its $47 billion takeover of […]
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Foxconn says it is open to buying a stake in Nissan
Foxconn Chairman Young Liu delivers a speech during the Hon Hai Tech Day in Taipei on Oct. 18, 2023. I-hwa Cheng | AFP | Getty Images Taiwan’s Foxconn would consider taking a stake in Nissan for cooperation, its chairman said, as the Japanese automaker’s future hangs in the balance after stepping back from merger talks with Honda. “If cooperation requires it (purchasing Nissan shares), we […]
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