mergers | ABS-CBN News

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 »

Union Bank says 'no definitive' deal yet for Citi's Philippine consumer, retail banking unit

ABS-CBN News
Posted at Dec 03 02:14 PM

There is no definitive deal signed yet, Union Bank of the Philippines said Friday, pertaining to the reported interest of the lender in acquiring Citigroup's consumer and retail banking business in the country. Read more »

Grab shares rise in US debut after record $40B SPAC merger

Reuters
Posted at Dec 03 08:39 AM

Shares of Grab rose 18 percent in their US market debut on Thursday, after Southeast Asia's biggest ride-hailing and delivery firm inked a record $40 billion merger with a blank-check company. Read more »

UnionBank in talks with Citi for 'potential acquisition' of PH unit

ABS-CBN News
Posted at Dec 02 02:17 PM

UnionBank is in discussion with Citigroup Inc. for the "potential" acquisition of Citi's consumer banking business in the Philippines, it said Thursday. Read more »

Tinder owner to pay founders $441M to settle lawsuit

Agence France-Presse
Posted at Dec 02 09:25 AM

The company that owns Tinder will pay $441 million to the popular dating app's founders to settle a dispute over the valuation of stock options, documents showed Wednesday. Read more »

URC's Malaysian unit to acquire Crunchy Foods

ABS-CBN News
Updated as of Nov 26 01:44 PM

Universal Robina Corp said Friday its unit would acquire Crunchy Foods Sdn Bhd, the company that owns Munchy Food Industries, for P22.9 billion. Read more »

Lawyer urges vigilance amid Udenna acquisition of Malampaya

Benise Balaoing, ABS-CBN News
Updated as of Nov 19 02:09 PM

Filipinos should be vigilant about the developments in Udenna Corporation’s acquisition of 90 percent of the Malampaya gas project, a lawyer said. Read more »

Unilever sells tea arm, including Lipton, for $5.1B

Agence France-Presse
Posted at Nov 19 08:51 AM

British consumer goods group Unilever on Thursday said it had agreed to sell its global tea business, including brands Lipton and PG Tips, for 4.5 billion euros ($5.1 billion). Read more »

Udenna insists Malampaya deals had competitive bidding

Jessica Fenol, ABS-CBN News
Posted at Nov 18 04:55 PM

Udenna President Raymundo Martin Escalona said both Chevron and Shell are international oil and gas firms that cannot be swayed by a mere call by Dennis Uy. Read more »

Ayala Corp unit to acquire 60 pct interest in Air21

ABS-CBN News
Posted at Nov 12 11:07 AM

AC Logistics Holdings Corp has signed an investment agreement to acquire 60 percent interest in Air21 Holdings Inc worth P6 billion, its parent Ayala Corp said Friday. Read more »

Biz community seeks probe into Udenna-Malampaya deals

ABS-CBN News
Posted at Nov 11 04:48 PM

Several business groups have urged the government and the Senate to throughly investigate Udenna Corp's controversial acquisition deals for the majority stake in the Malampaya natural gas project, which is "critical energy source" in the country. Read more »

PSE suspends MerryMart stock trade

ABS-CBN News
Posted at Nov 10 11:49 AM

The Philippine Stock Exchange on Wednesday said it has suspended the trading of shares of MerryMart Consumer Corp after its acquisition of Carlos SuperDrug. Read more »

Fruitas Holdings buys Surehealth clinic in healthcare foray

ABS-CBN News
Posted at Nov 08 01:09 PM

Fruitas Holdings Inc on Monday said it has entered a deal to acquire 100 percent of shares of Surehealth Multi-Specialy and Diagnostic Clinic Corp (Surehealth) to mark its entry into the healthcare sector. Read more »

BSP, regulators ink deal on ease of bank mergers, acquisition

ABS-CBN News
Posted at Nov 05 04:57 PM

Financial regulators in the country on Friday signed a deal focused on streamlining mergers, consolidation and acquisition among banks, the Bangko Sentral ng Pilipinas said. Read more »

Jollibee to acquire majority stake in bubble tea firm Milkshop Int'l

ABS-CBN News
Posted at Nov 04 09:01 AM

Jollibee Food Corp said Thursday its unit would acquire the majority stake in Milkshop International Co Ltd in Taiwan for $12.8 million. Read more »

PayPal in $45 billion bid for Pinterest -sources

Greg Roumeliotis and Arriana McLymore, Reuters
Posted at Oct 21 08:32 AM

PayPal Holdings Inc has offered to buy digital pinboard site Pinterest Inc for $45 billion, people familiar with the matter said on Wednesday, a combination that could herald more financial technology and social media tie-ups in e-ecommerce. Read more »

Zoom, Five9 mutually agree to terminate nearly $15 bln all-stock deal

Subrat Patnaik, Reuters
Posted at Oct 01 08:27 AM

Five9 Inc shareholders voted down on Thursday the call center software firm's $14.7 billion sale to Zoom Video Communications Inc, scuttling what would have been the virtual conferencing giant's biggest-ever acquisition. Read more »

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 »