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Playboy set to emerge anew as public company

Agence France-Presse
Posted at Oct 02 07:37 AM

The new Playboy will be seeking growth opportunities in branding of sexual wellness and lingerie products, apparel and accessories, gaming and lifestyle and cosmetics for men and women. Read more »

Fruitas reallocates IPO proceeds for site expansion, acquisitions

ABS-CBN News
Posted at Sep 14 09:46 AM

Fruitas Holdings Inc said Monday it would reallocate proceeds from its initial public offering for the site acquisition of its buko water commissary and its new headquarters. Read more »

China-backed third telco DITO sets land acquisition guidelines for tower, cell sites use

ABS-CBN News
Posted at Sep 11 01:35 PM

DITO Telecommunity said Friday locations for its facilities have been pre-determined as it released guidelines for land acquisition to be used for its tower sites and base stations.   Read more »

'No fraud' committed in The Medical City shares acquisition, says Gonzales group

ABS-CBN News
Posted at Aug 28 02:14 PM

There was "no fraud" in the acquisition of shares in The Medical City operator Professional Services Inc (PSI), its board of directors said Monday, following a ruling by the Securities and Exchange Commission that nullified the deal.   Read more »

How TikTok’s talks with Microsoft turned into a soap opera

The New York Times
Posted at Aug 26 11:50 AM

For Microsoft, a minority investment would potentially bring TikTok over to using its Azure cloud computing service, immediately making the app one of Microsoft’s biggest cloud clients, said the people, who declined to be identified because the details are confidential. (TikTok has been using Google’s cloud computing services to power its videos.) Read more »

SEC nullifies Gonzales faction's majority acquisition in The Medical City

ABS-CBN News
Updated as of Aug 20 07:55 PM

The Securities and Exchange Commission said Thursday it nullified the majority acquisition of shares in The Medical City (TMC) by a group led by Jose "Eckie" Gonzales after finding it to have "employed fraud" and violated regulations. Read more »

Antitrust body clears Century Properties group's acquisition of unit's voting shares

ABS-CBN News
Posted at Aug 12 04:43 PM

The Philippine Competition Commission said Wednesday it has cleared the proposed acquisition by Century Properties Group Inc of voting shares in subsidiary Century City Development II Corp. Read more »

With TikTok, ‘uncool’ Microsoft aims for the love of tweens

Karen Weise, The New York Times
Posted at Aug 04 08:05 AM

Microsoft announced in a blog post that it would continue holding talks to buy TikTok in the United States, opening up the possibility of using its financial might to buy the fickle infatuation of tweens. Read more »

Coffee Bean & Tea Leaf, Smashburger brands 'profitable' by 2021: JFC

Jessica Fenol, ABS-CBN News
Updated as of Jul 25 03:54 PM

Jollibee Foods Corp chairman Tony Tan Caktiong said Friday the group's brands Coffee Bean & Tea Leaf as well as Smashburger could be profitable by 2021 as "improvements" are being implemented. Read more »

Anti-trust body exempts public-private ventures from merger notification

ABS-CBN News
Posted at Jun 26 03:21 PM

Joint ventures between the government and private entities are now exempted from the mandatory merger notification to make doing business easier, the country's anti-trust body said Friday. Read more »

Anytime Fitness Asia acquired by Inspire Brands Asia

ABS-CBN News
Posted at May 27 01:15 AM

Anytime Fitness Asia has been bought by Inspire Brands Asia, a consortium led by its top submaster franchisees, lead investor Exacta Capital Partners, and co-investor Aura Group.  Read more »

Philippines says US attack helicopters too expensive, seeks other supplier

ABS-CBN News
Posted at May 13 03:03 PM

The potential sale of 2 attack helicopter variants that the US recently approved is too expensive for the Philippines, which is looking for alternative suppliers, Defense Secretary Delfin Lorenzana said Wednesday. Read more »

Dennis Uy's Udenna completes acquisition of Chevron's Malampaya stake

ABS-CBN News
Posted at Mar 11 03:54 PM

Udenna Corp has completed its acquisition of Chevron Malampaya which holds a 45-percent interest in the Malampaya gas project, the Dennis Uy-led firm said on Wednesday.  Read more »

A first: PH Navy to acquire submarines

ABS-CBN News
Posted at Aug 28 07:29 PM

MANILA - The Philippine Navy on Wednesday said they will acquire multiple sea vessels, including submarines and warships, to further advance their modernization efforts. Read more »

Spotify aims to become podcasting power player

Agence France-Presse
Posted at Feb 07 08:08 AM

Spotify, the world's leading music streaming platform, on Wednesday announced an ambitious plan to become a top streamer of podcast content. Read more »

Eli Lilly to acquire Loxo Oncology for $8 billion

Agence France-Presse
Posted at Jan 07 10:19 PM

Pharmaceutical giant Eli Lilly will acquire cancer treatment specialist Loxo Oncology in a cash deal valued at around $8 billion, the companies said on Monday. Read more »

Drugmaker Bristol-Myers to buy Celgene for $74-B

Reuters
Posted at Jan 03 09:07 PM

Bristol-Myers Squibb Co said on Thursday it would buy Celgene Corp for about $74 billion in a cash-and-stock deal, creating a powerhouse that will have several blockbuster cancer drugs. Read more »

With eye on China, Germany toughens rules for foreign buyouts

Frank Zeller, Agence France-Presse
Posted at Dec 19 12:58 PM

Germany was Wednesday set to toughen rules on non-EU share purchases and acquisitions of its strategic companies, amid growing disquiet about takeovers by Chinese firms. Read more »

Jollibee takes full ownership of Smashburger

ABS-CBN News
Posted at Dec 14 11:43 AM

Jollibee Foods Corp on Friday said it has taken 100 percent ownership of Smashburger. Read more »

Concentrix announces close of acquisition with Convergys

Concentrix
Updated as of Oct 31 11:45 AM

Concentrix has confirmed that the previously announced acquisition of Convergys has officially closed, and the integration with Concentrix has begun. Read more »