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Review of mergers and acquisitions to resume, says PCC

ABS-CBN News
Posted at Sep 15 09:43 AM

The motu proprio review of mergers and acquisitions which was suspended for a year under the country's second coronavirus response law is set to resume, the Philippine Competition Commission said Wednesday. Read more »

Cybersecurity firm Norton buys Avast for $8 billion

Agence France-Presse
Posted at Aug 11 04:55 PM

US cybersecurity giant NortonLifeLock has agreed to buy Czech rival Avast for more than $8 billion (6.7 billion euros) to create a leading cyber consumer business, the pair announced Wednesday. Read more »

Jollibee says to buy remaining shares in fund owning Tim Ho Wan brand

ABS-CBN News
Posted at Aug 11 09:30 AM

Jollibee Foods Corp said Wednesday it would buy shares of its partners in the fund that owns the Tim Ho Wan brand. Read more »

Afterpay, the $29 billion Aussie startup

Agence France-Presse
Posted at Aug 02 03:22 PM

Australian fintech Afterpay is being bought out by US digital payment platform Square -- less than seven years after launching as a "buy now, pay later" start-up. Read more »

LVMH takes majority stake in Virgil Abloh streetwear label Off-White

Agence France-Presse
Posted at Jul 20 04:42 PM

French luxury conglomerate LVMH said Tuesday it intends to take a majority stake in the luxury streetwear label Off-White created by Virgil Abloh, the first black American creative director of a top French fashion house. Read more »

Tencent to buy British video game company Sumo in $1.3 billion deal

Reuters
Posted at Jul 19 03:14 PM

Chinese tech giant Tencent Holdings will buy video game company Sumo Group in a deal that values the British firm at 919 million pounds ($1.27 billion), the companies said on Monday. Read more »

Zoom to buy cloud software provider Five9 in $14.7 billion deal

Reuters
Posted at Jul 19 10:44 AM

Teleconferencing services provider Zoom Video Communications Inc said on Sunday it entered a deal to buy cloud software provider Five9 Inc in an all-stock transaction valued at about $14.7 billion. Read more »

DoubleDragon, Jollibee sign P3.97-B deal for CentralHub expansion, eye PH's first industrial REIT

ABS-CBN News
Updated as of Jul 08 10:59 AM

MANILA – DoubleDragon and its industrial leasing unit CentralHub Industrial Centers Inc has signed a P3.97-billion deal with Jollibee Foods Corp for asset expansion and to create the country’s first and largest industrial real estate investment trust (REITs), it said Thursday.  Read more »

Jollibee joint venture with Japan's Yoshinoya gets SEC nod

ABS-CBN News
Posted at Jun 22 03:48 PM

JFC disclosed it received the certificate of incorporation from the SEC for Yoshinoya Jollibee Foods Inc. Read more »

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 »