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Converge invests in PH cable landing operator Digitel Crossing

ABS-CBN News
Updated as of Jun 03 04:29 PM

Converge ICT said Thursday it signed a deal with Digital Telecommunications Philippines Inc for the purchase of shares in cable landing operator Digitel Crossing Inc for $4.8 million (P231 million). Read more »

Amazon brings James Bond, Rocky to fight Netflix with $8.5-billion MGM buy

Jeffrey Dastin, Reuters
Posted at May 28 11:25 AM

Amazon.com Inc will buy MGM, the fabled US movie studio home to the James Bond franchise, for $8.45 billion, giving it a huge library of films and TV shows and ramping up competition with streaming rivals led by Netflix and Disney+. Read more »

Amazon's Washington critics set to pounce on MGM deal

Diane Bartz, Reuters
Updated as of May 27 08:27 AM

Amazon's move to buy the MGM movie and TV studio will provide fuel for the Seattle company's critics in the nation's capital who complain it is already too big and powerful, but experts said the deal poses few classic antitrust concerns. Read more »

Indonesian gov't agency to scrutinize Gojek-Tokopedia merger to avoid tech monopoly

Reuters
Updated as of May 21 10:15 AM

Indonesia's anti-trust agency (KPPU) on Thursday said it would scrutinize the multi-billion dollar merger of the country's startups Gojek and Tokopedia to check for potential monopolistic behavior. Read more »

Kakao to buy online novel app Radish for $440 million

Agence France-Presse
Posted at May 11 10:03 AM

Online fiction app Radish is being bought for $440 million by South Korean internet conglomerate Kakao, the two firms said Tuesday, making a multi-millionaire of its 30-year-old founder only five years after he set it up. Read more »

Grab to announce merger with US SPAC, to be valued at nearly $40B: sources

Anshuman Daga, Reuters
Posted at Apr 13 02:11 PM

Southeast Asia's largest ride-hailing and food delivery firm Grab Holdings is set to announce later on Tuesday a merger with US-based Altimeter that is set to value Grab at nearly $40 billion and lead to a public listing, three people told Reuters. Read more »

Microsoft in discussions to buy Nuance Communications: report

Agence France-Presse
Posted at Apr 12 09:30 AM

Technology giant Microsoft is in advanced discussions to buy the US group Nuance Communications, which specializes in artificial intelligence, for $16 billion, according to media reports Sunday. Read more »

UK fund makes Toshiba buyout offer

Agence France-Presse
Posted at Apr 07 09:21 AM

A British private equity fund has proposed a buyout of Toshiba, the Japanese firm confirmed Wednesday, in a deal reportedly worth about $20 billion.   Read more »

Ayala Health adds hospital platform to portfolio with new acquisition

ABS-CBN News
Posted at Feb 26 02:31 PM

Ayala Corp said Friday its healthcare arm would add a hospital platform on its portfolio with acquisition of shares in Mercado General Hospital Inc. 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 »

Meralco PowerGen absorbs, buys out 100 pct of Global Business Power

ABS-CBN News
Posted at Dec 23 04:48 PM

Meralco PowerGen Corp (MGen), the power generation firm of Meralco, acquired 100 percent ownership of Global Business Power Corp (GBP) in a move to organize the group's power assets. Read more »

Deutsche Boerse to buy 80 pct of ISS for $1.8 billion

Reuters
Posted at Nov 18 10:17 AM

The German stock exchange operator Deutsche Boerse said on Tuesday it would acquire an 80 percent stake in Institutional Shareholder Services (ISS) for about $1.8 billion, the latest in a flurry of deals to sweep across the exchange industry. Read more »

DITO CME Holdings moves to acquire 3rd telco player via share swap deal

Nika Lazo, ABS-CBN News
Posted at Nov 10 07:49 PM

MANILA - DITO CME Holdings has moved to acquire Udenna Communications and Media Entertainment Holdings Corp (Udenna CME) through a share swap deal valued at up to P77 billion in a bid to take partial hold of the country's third telco player, the firm said on Tuesday. Read more »

Pot producer Aphria to buy beer maker Sweetwater for $300-M in U.S. push

ABS-CBN News
Posted at Nov 05 11:48 AM

Aphria Inc said on Wednesday it plans to buy craft brewer SweetWater Brewing Co for $300 million as it looks to expand into the United States while becoming the first major pot producer to enter the alcoholic beverages market.   Read more »

Tiffany-LVMH deal clears regulatory hurdles with EU nod

Reuters
Posted at Oct 27 09:58 AM

Tiffany & Co has received all regulatory approvals needed for the completion of its $16 billion acquisition by French luxury goods group LVMH, the U.S. jeweler said on Monday after it received a nod from the European Commission.   Read more »

Coca-Cola European Partners makes $6.6 billion takeover offer for Coca-Cola Amatil

Reuters
Posted at Oct 26 08:36 AM

Coca-Cola Amatil Ltd said on Monday that Coca-Cola European Partners offered to buy the Australian bottler for A$9.23 billion ($6.58 billion), in what would be the country's biggest deal this year. Read more »

Antitrust watchdog OKs Rockwell, TGN and NepWell joint venture

ABS-CBN News
Posted at Oct 20 05:22 PM

The Philippine Competition Commission said Tuesday it has approved the joint venture by Rockwell Land Corp, TGN Realty Corp, NepWell Property Management Inc and siblings Hilda Aurora, Patrick Adrian and Theresa Gracia Valdes.   Read more »

Security Bank completes sale of consumer finance unit to Thailand's Krungsri

ABS-CBN News
Posted at Oct 20 01:53 PM

Security Bank Corp. on Tuesday said it completed its alliance with Thailand's Krungsri following the sale of unit SB Finance Co. to Bank of Ayudhya (also known as Krungsri).    Read more »

South Korea's SK Hynix to buy Intel's NAND business for $9 billion

Reuters
Updated as of Oct 20 12:06 PM

Intel Corp has agreed to sell its NAND memory chip business to SK Hynix Inc for $9 billion in an all-cash deal that would propel the South Korean chipmaker to second in the global rankings. Read more »

Google sweetens Fitbit concessions, EU okay in sight

Foo Yun Chee, Reuters
Posted at Oct 19 09:20 AM

Alphabet's Google has tweaked concessions aimed at allaying EU antitrust concerns about its $2.1 billion purchase of Fitbit, people familiar with the matter said, putting it on course to secure EU approval for the deal. Read more »