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PSA, Fiat Chrysler join to create world's fourth-largest carmaker

Sonia Wolf, Agence France-Presse
Posted at Dec 19 08:07 AM

French carmaker PSA and US-Italian rival Fiat Chrysler said Wednesday they had agreed on the terms of a merger to create the world's fourth-largest automaker as the industry grapples with the costly and complicated transition to cleaner and more sustainable mobility.  Read more »

PSA and Fiat Chrysler poised to announce merger MOU: sources

Sonia Wolf, Agence France-Presse
Updated as of Dec 18 08:01 AM

French carmaker PSA and Fiat Chrysler will on Wednesday announce a memorandum of understanding for a mega-merger to create the world's fourth-largest auto producer, a source close to their talks said.    Read more »

Xerox launches shareholder fight for control of HP

Agence France-Presse
Updated as of Nov 27 08:21 AM

Xerox said Tuesday it would take its hostile takeover offer for HP to shareholders after the computer and printer maker rejected the $33 billion offer.  Read more »

Bombardier sells Belfast, Casablanca, Dallas operations for $1.2bn

Agence France-Presse
Posted at Nov 01 07:54 AM

Canadian manufacturing group Bombardier announced Thursday it was selling its aerostructures business to US firm Spirit AeroSystems, involving operations in Belfast, Casablanca and Dallas, in a $1.2 billion cash-plus-debt deal. Read more »

Delta buys 20 percent stake in Latam Airlines for $1.9 billion

Agence France-Presse
Posted at Sep 27 06:56 AM

Delta will acquire a 20 percent stake in South American carrier Latam Airlines Group for $1.9 billion, the companies announced Thursday. Read more »

Facebook buys startup working on mind-control of machines

Agence France-Presse
Updated as of Sep 24 09:47 AM

Facebook on Monday said it had made a deal to buy a startup working on ways to command computers or other devices using thought instead of taps, swipes, or keystrokes.  Read more »

CBS, Viacom agree to merge into media giant

John Biers, Agence France-Presse
Updated as of Aug 14 08:47 AM

After some false starts, CBS and Viacom announced Tuesday they will combine to form the latest media empire in a wave of mergers driven by the need for companies to reformulate themselves for the streaming era.  Read more »

Pfizer to combine off-patent drug business with Mylan

Agence France-Presse
Posted at Jul 30 06:44 AM

Pfizer announced Monday it will merge its off-patent drug business with generic drugmaker Mylan to create a global leader in low-cost treatment, a business that faces significant political pressure in the US. Read more »

Antitrust body sets 15-day 'expedited' review for select deals

ABS-CBN News
Posted at Jun 18 03:25 PM

Under a May 28 resolution, the expedited review is applicable for transactions that are less likely to substantially prevent, lessen or restrict competition in their market, the PCC said in a statement.    Read more »

Uber to buy Mideast rival Careem: report

Agence France-Presse
Posted at Mar 25 06:49 AM

Uber is set to buy its Middle Eastern rival Careem for $3.1 billion, financial news agency Bloomberg reported Sunday.   Read more »

Grab pinagmumulta ng P6.5M dahil kulang ang datos sa pasahe

ABS-CBN News
Posted at Jan 25 08:54 PM

Pinatawan ng multang P6.5 milyon ang ride-hailing company na Grab noong Enero 22 dahil mali raw at di kompleto ang datos nito tungkol sa pasahe.  Read more »

Grab fined P6.5 million for failure to provide price data

Willard Cheng, ABS-CBN News
Updated as of Jan 25 11:00 PM

Grab committed to maintain fair pricing, improved service, lower cancellation rates and justifiable surges and agreed to subject itself to quarterly monitoring by a third party trustee.  Read more »

IBM buys software company Red Hat for $34 billion in bid for cloud dominance

Christophe Vogt, Agence France-Presse
Posted at Oct 29 08:12 AM

IBM said Sunday it has reached a deal to buy open source software company Red Hat for $34 billion, among the biggest tech mergers in history which the computing giant said would enhance its cloud offerings. 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 »

RCBC Savings Bank to merge into parent firm RCBC

ABS-CBN News
Posted at Sep 25 10:47 AM

MANILA - Rizal Commercial Banking Corporation on Tuesday announced the consolidation of its thrift bank subsidiary RCBC Savings Bank into the parent firm subject to regulatory approval. Read more »

SM revives Goldilocks deal, 'in final stages' of acquiring 34 stake

ABS-CBN News
Posted at Aug 13 04:20 PM

SM Investments Corp on Monday confirmed that it has revived its plan to buy Goldilocks Bakeshop Inc.  Read more »

Grab applauds anti-trust body for approving Uber deal

ABS-CBN News
Posted at Aug 10 07:18 PM

Ride-hailing firm Grab on Friday thanked the Philippines' anti-trust body for approving Grab's acquisition of the Southeast Asia operations of rival Uber and "recognizing the legality" of the deal.   Read more »

PDIC urges rural banks to consolidate

ABS-CBN News
Posted at Jun 18 04:40 PM

Mergers will strengthen rural banks and expand their client base. Read more »

Comcast challenges Disney for control of 21st Century Fox assets

Luc Olinga and Rob Lever, Agence France-Presse
Posted at May 24 08:06 AM

A full-fledged bidding war for key assets of Rupert Murdoch's 21st Century Fox erupted Wednesday as media and cable giant Comcast announced it plans an all-cash bid that would top an existing offer from Walt Disney Co.  Read more »

Nestle pays $7.15 billion to license Starbucks products

Agence France-Presse
Updated as of May 07 02:47 PM

Swiss food giant Nestle announced Monday it will pay $7.15 billion (5.97 billion euros) for the rights to market Starbucks products around the world, outside of the company's coffee shops. Read more »