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Bloomberry to develop resort-casino in Ternate, Cavite

ABS-CBN News
Posted at May 19 10:46 AM

Bloomberry Resorts Corp on Thursday said its new subsidiary Solaire Entertainment Property Holdings Inc signed a deal with landowners to purchase properties in Paniman, Ternate, Cavite which it intends to develop into an integrated resort. Read more »

UnionBank's acquisition of Citi PH consumer banking business gets PCC nod

ABS-CBN News
Updated as of Apr 09 10:34 AM

The Philippine Competition Commission on Friday said it has approved UnionBank's acquisition of Citi Philippines' consumer banking business. Read more »

LANDBANK-UCPB merger to start on March 1

ABS-CBN News
Updated as of Mar 01 04:44 PM

The services of both banks will continue unhampered, with deposits remaining intact and secured in their respective servicing branches, LANDBANK said. Read more »

Robinsons eyes rebranding of Ministop Philippines

ABS-CBN News
Posted at Feb 23 09:40 AM

Robinsons Retail Holdings Inc on Wednesday said it plans to rebrand Ministop after it acquired the remaining shares of its Japanese partner in the convenience store chain’s Philippine ope Read more »

DITO says willing to 'partner' with next administration

Jessica Fenol, ABS-CBN News
Posted at Feb 03 04:15 PM

DITO Telecommunity on Thursday said it is willing to "partner" with the next administration as the country's third major telco expands its network. Read more »

AC Energy unit to acquire 49 percent in Super's Solar NT

ABS-CBN News
Posted at Feb 02 01:02 PM

AC Energy Corp on Wednesday said its unit would acquire 49 percent interest in Thailand's renewable energy developer and investor. Read more »

Microsoft sees strong earnings on cloud computing

Agence France-Presse
Posted at Jan 26 10:31 AM

Microsoft beat market expectations with strong quarterly performance in cloud computing and software, still benefitting from the pandemic's online shifting of work, play, shopping and learning. Read more »

PCC says notification not needed in Ministop buyout

Jessica Fenol, ABS-CBN News
Posted at Jan 25 12:11 PM

The Gokongwei Group does not need to notify antitrust authorities of its buyout of partner in Ministop Philippines, the Philippine Competition Commission said. Read more »

Lufthansa, shipping group MSC eye majority stake in Italy's ITA

Agence France-Presse
Posted at Jan 25 08:53 AM

German carrier Lufthansa and Italian shipping company MSC have expressed an interest in acquiring a majority stake in Alitalia's successor ITA Airways, the Italian airline announced on Monday. Read more »

Sony ends down 13 pct on Microsoft-Activision deal

Agence France-Presse
Posted at Jan 19 02:56 PM

Shares in Japan's Sony plunged Wednesday, ending down nearly 13 percent after Microsoft announced a landmark $69 billion deal to buy US gaming giant Activision Blizzard. Read more »

Dove soap maker Unilever signals pursuit of GSK consumer arm; shares fall

Pushkala Aripaka, Keith Weir and Pamela Barbaglia, Reuters
Posted at Jan 18 08:35 AM

Unilever signalled it would pursue a deal for GSK's consumer business, calling it a "strong strategic fit", but Unilever shares slid more than 8 percent, highlighting investors' doubts about its 50-billion-pound ($68.4 billion) offer. Read more »

Samsung in talks to buy Biogen for $42B: report

Agence France-Presse
Posted at Dec 30 08:43 AM

Biogen, which is known for its Alzheimer’s drug Aduhelm and a neurology-focused medication pipeline, approached Samsung on a potential deal that could be valued at more than $42 billion, according to a report in the Korea Economic Daily. Read more »

Antitrust body urges UnionBank, Century Pacific Food to review M&A deals

Jessica Fenol, ABS-CBN News
Posted at Dec 28 02:00 PM

The PPCC said UnionBank, Citibank, Century Pacific Food Inc, Ligo Sardines and Potato Corner should review their recent deals to see if they met the mergers and acquisitions (M&A) threshold set by the agency. Read more »

UnionBank says Citi consumer business acquisition to boost loan portfolio

ABS-CBN News
Posted at Dec 24 12:09 PM

UnionBank said Friday its announced acquisition of Citi's local consumer business could boost its loan portfolio. Read more »

Century Tuna maker to buy 'Ligo' brand

Jessica Fenol, ABS-CBN News
Updated as of Dec 24 12:26 PM

Century Tuna maker Century Pacific Food Inc on Friday announced its acquisition of canned sardine maker Ligo. Read more »

Shakey's Pizza to acquire Potato Corner

Jessica Fenol, ABS-CBN News
Updated as of Dec 24 12:25 PM

Shakey's Pizza Asia Ventures Inc (PIZZA) said Friday it would purchase food kiosk brand Potato Corner. Read more »

UnionBank acquires Citigroup’s PH consumer business

ABS-CBN News
Updated as of Dec 23 03:55 PM

UnionBank of the Philippines has acquired the consumer banking business of Citigroup Inc, the Aboitiz-led lender disclosed on Thursday. Read more »

Prime Infra invests total of P3.5B in 3 solar projects

ABS-CBN News
Posted at Dec 13 01:25 PM

Prime Infrastructure Holdings has invested a total of P3.5 billion into solar projects in Concepcion, Tarlac, Tanauan, Batangas and Maragondon, Cavite, it said Monday. Read more »

Malampaya productivity can be extended: Udenna

ABS-CBN News
Posted at Dec 06 03:12 PM

Udenna Corp said it can extend the years of productivity of the Malampaya gas field project beyond the original estimate of reserves depleting by 2027. Read more »

EasyCall Communications to acquire TESI

ABS-CBN News
Posted at Dec 06 12:33 PM

EasyCall Communications on Monday said it would acquire technology firm Transnational E-Business Solutions Inc (TESI) that specializes in software development and IT outsourcing, among others. Read more »