News Articles on {?keyword?} | ABS-CBN News

TIMELINE: Grab takes a ride to $40-B SPAC listing

Reuters
Posted at Dec 02 02:48 PM

Southeast Asian ride-hailing and food delivery platform Grab Holdings lists on Nasdaq via the world's largest special purpose acquisition company (SPAC) deal worth $40 billion. Read more »

Indonesia's Gojek, Tokopedia announce merger in country's biggest deal

Reuters
Posted at May 17 01:36 PM

Indonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia announced a merger on Monday in a transaction that would create a technology powerhouse in the country's largest deal.   Read more »

AT&T to merge WarnerMedia with Discovery: reports

Agence France-Presse
Posted at May 17 09:40 AM

US telecommunications giant AT&T could announce as soon as Monday a merger between its WarnerMedia unit -- which owns CNN and HBO -- and Discovery media, media reports said.   Read more »

Grab agrees world's biggest SPAC merger, valued at nearly $40 billion

Anshuman Daga, Reuters
Posted at Apr 13 06:59 PM

SINGAPORE - Southeast Asia's biggest ride-hailing and food delivery firm Grab Holdings agreed a merger on Tuesday with US-based Altimeter Growth Corp in a deal that values Grab at an initial proforma equity value of about $39.6 billion and will lead to a public listing.   Read more »

Exxon, Chevron CEOs discussed merger in early 2020: sources

Reuters
Posted at Feb 01 11:04 AM

The chief executives of ExxonMobil Corp and Chevron Corp held preliminary talks in early 2020 to explore combining the two largest U.S. oil producers in what would have been the biggest merger of all time, according to people familiar with the matter. Read more »

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 »