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BPI merging with thrift banking subsidiary BPI Family Savings

ABS-CBN News
Posted at Jan 20 06:05 PM

The Ayala-led lender said it hopes to complete the merger this year "subject to shareholder and regulatory approvals." Read more »

Gojek, Tokopedia aim for $18-B merger in first half of 2021

ABS-CBN News
Posted at Jan 05 01:04 PM

Indonesian ride-hailing and payments firm Gojek and e-tailer PT Tokopedia are in advanced talks for a $18 billion merger that they aim to seal in the first half of 2021, two people with knowledge of the matter told Reuters on Tuesday.   Read more »

Antitrust watchdog issues guidelines on merger reviews under Bayanihan 2

ABS-CBN News
Updated as of Oct 05 12:34 PM

The Philippine Competition Commission (PCC) on Monday said it has issued guidelines on mergers and acquisitions in compliance with the provisions under the Bayanihan to Recover as One. Read more »

Fiat Chrysler and Peugeot Citroen tweak merger terms due to pandemic

Agence France-Presse
Posted at Sep 15 08:34 AM

Fiat Chrysler (FCA) and Peugeot Citroen (PSA) announced on Monday they'd modified the terms of their mega-merger in light of business disruptions caused by Covid-19.   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 »

Twitter, TikTok discuss potential combination: WSJ

Agence France-Presse
Posted at Aug 09 09:53 AM

Twitter is in preliminary discussions for a possible combination with TikTok, the Wall Street Journal reported Saturday, after US President Donald Trump said he would ban the app, calling it a threat to national security. Read more »

Chevron deal for oil and gas fields may set off new wave of mergers

Clifford Krauss, The New York Times
Posted at Jul 21 07:34 AM

In the first big deal since oil prices crashed four months ago, Chevron agreed Monday to buy Noble Energy for roughly $5 billion in what many experts consider the beginning of a sweeping consolidation in the US oil industry.  Read more »

Antitrust body issues guidelines for merger reviews under GCQ, MGCQ

ABS-CBN News
Posted at Jul 17 05:15 PM

The Philippine Competition Commission said Friday the regular merger review operations would resume using digital means and that it has issued guidelines for operations under general and modified general community quarantine.   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 »

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 »