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James Murdoch Buys a Stake in Vice Media

The New York Times
Posted at Oct 11 01:10 PM

Murdoch, who already sits on Vice’s board, made the investment as part of Vice’s recent acquisition of Refinery29, a women’s lifestyle publisher, according to a person familiar with the matter, who asked not to be named because the deal is meant to be private. Read more »

Hong Kong bourse scraps $39-billion play for London Stock Exchange

Sumeet Chatterjee and Scott Murdoch, Reuters
Posted at Oct 08 11:40 AM

The surprise approach, made last month, had threatened to upend the LSE's own $27 billion plan to buy data and analytics company Refinitiv. The Hong Kong exchange had said the LSE would have to ditch the Refinitiv purchase for its offer to go ahead. Read more »

PayPal to enter China market through local acquisition

Reuters
Posted at Oct 01 09:24 AM

Gopay Information Technology, PayPal's acquisition target, has received approval from China's central bank to sell a 70 percent stake to PayPal, both companies said on Monday. Read more »

Jollibee eyes China, US as next 'pillars of growth'

ABS-CBN News
Posted at Sep 16 04:48 PM

Jollibee intended to grow its foreign business faster than its local units, the country's largest fastfood chain operator said in a disclosure to the stock exchange.  Read more »

Avon, Body Shop parent merger gets PH antitrust monitor's OK

ABS-CBN News
Posted at Sep 13 02:40 PM

The merger will result in the world's fourth largest beauty products company, with estimated annual gross revenues of $10 billion (P518 billion). Read more »

Tobacco giants Philip Morris, Altria in merger talks

Sheila Kaplan, The New York Times
Posted at Aug 28 08:57 AM

The companies described the proposed deal in a statement as an “all-stock, merger of equals” but cautioned that the discussions might not result in an agreement. Read more »

Security Bank partners with Thailand's Krungsri to grow consumer loans

ABS-CBN News
Posted at Aug 09 08:59 AM

Security Bank and the Thai lender, commonly known as Krungsri, both have Japan's MUFG Bank as common shareholder. Bank of Ayudhya will take a 50-percent stake in SB Finance Co, the Filipino bank said in a statement. Read more »

Philippines' Jollibee sets sights on Indonesia with Coffee Bean beachhead

Neil Jerome Morales and Martin Petty, Reuters
Posted at Jul 31 01:29 PM

Jollibee has for years planned to bring its Chickenjoy fried chicken and sweet spaghetti restaurants to Indonesia, but last week's $100 million investment for the struggling coffee chain has bought it a foothold in the market of 260 million people.   Read more »

Jollibee's Coffee Bean takeover tickles social media, market unimpressed

ABS-CBN News
Updated as of Jul 25 11:24 AM

The Philippines largest fast food operator will buy the California-based specialty beverage chain for $350 million (P18 billion), its largest acquisition yet. Read more »

RCBC secures regulator approval for merger with thrift unit

ABS-CBN News
Posted at Jul 23 10:45 AM

The regulator approved the merger between RCBC and RCBC Savings Bank on Monday, the lender said. The Bangko Sentral ng Pilipinas approved the deal in June, RCBC said in a disclosure. Read more »

Antitrust body approves EastWest Bank's acquisition of PBCom's auto loan portfolio

ABS-CBN News
Posted at Jun 19 11:28 AM

The transaction, which involves a portion of PBCom's auto loan receivables limited to dealership-generated accounts, will not likely result in substantial lessening of competition in the autoloan market, the antitrust body said in a statement. 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 »

Sotheby's snapped up by French tycoon Drahi for $3.7 billion

Sudip Kar-Gupta, Svea Herbst-Bayliss and Mathieu Rosemain, Reuters
Posted at Jun 18 09:04 AM

The acquisition allows Drahi to join French billionaire Francois Pinault - who owns Sotheby's main rival Christie's - at the top of the art world and New York society. Read more »

AC Health gets antitrust body's approval to raise stake in Generika

ABS-CBN News
Posted at Jun 04 11:10 AM

AC Health will proceed with the closing of the increase in stake to 52.5 percent from 50 percent after receiving the approval from the PCC last June 3, Ayala Corp said in a disclosure to the stock exchange.  Read more »

AirAsia's new biggest shareholder is holding firm of party-list rep

ABS-CBN News
Updated as of Jun 03 11:10 PM

F&S Holdings Inc, owned by party-list Rep. Michael “Mikee” Romero, is now the biggest shareholder of the budget airline's Philippine arm, with a 44.5 percent stake. Read more »

Japan’s ANA Holdings senior adviser completes PAL Holdings 2019 Board of directors

ABS-CBN News
Posted at May 31 10:18 AM

PAL Holdings Inc on Friday said a senior adviser at Japan's ANA Holdings Inc was elected as a member of the Board following its $95 million (P4.9 billion) investment in the company.    Read more »

Sports Illustrated, the brand, is sold for $110 million

Marc Tracy, The New York Times
Updated as of May 28 02:42 PM

The unusual transaction suggests the magazine’s most coveted asset is its brand. Read more »

Fiat Chrysler, Renault pursue $35 billion merger to fight auto upheaval

Giulio Piovaccari and Laurence Frost, Reuters
Posted at May 28 08:44 AM

The tie-up would alter the landscape for rivals including General Motors and Peugeot maker PSA Group, which recently held inconclusive talks with Fiat Chrysler (FCA), and could spur more deals. Read more »

Fiat Chrysler and Renault in talks on possible alliance

Neal E. Boudette, The New York Times
Updated as of May 26 09:27 AM

The talks are still in early stages and could still collapse, but they come amid significant technological and regulatory changes that are pressuring automakers and spurring some to join forces. Read more »

PCC reminds San Miguel of notification requirement for Holcim deal

ABS-CBN News
Posted at May 24 02:27 PM

As of Friday, May 24, SMC have not issued a notification for a mandatory merger review, the Philippine Competition Commission (PCC) said in a statement. Read more »