News Articles on {?keyword?} | ABS-CBN News

Suez boss says rival's bid 'irrational, destructive for France'

Agence France-Presse
Posted at Sep 07 08:38 AM

The head of French water and waste giant Suez said Sunday a bid by rival Veolia for an almost 30 percent stake was "irrational" and would be "destructive for France".   Read more »

'No fraud' committed in The Medical City shares acquisition, says Gonzales group

ABS-CBN News
Posted at Aug 28 02:14 PM

There was "no fraud" in the acquisition of shares in The Medical City operator Professional Services Inc (PSI), its board of directors said Monday, following a ruling by the Securities and Exchange Commission that nullified the deal.   Read more »

How TikTok’s talks with Microsoft turned into a soap opera

The New York Times
Posted at Aug 26 11:50 AM

For Microsoft, a minority investment would potentially bring TikTok over to using its Azure cloud computing service, immediately making the app one of Microsoft’s biggest cloud clients, said the people, who declined to be identified because the details are confidential. (TikTok has been using Google’s cloud computing services to power its videos.) Read more »

Antitrust body 'clears' Razon's acquisition of a controlling stake in Manila Water

ABS-CBN News
Posted at Aug 25 03:18 PM

The Philippine Competition Commission said Tuesday it "cleared" the proposed acquisition of a controlling stake in Manila Water by billionaire Enrique Razon's Trident Water Holdings Inc citing it was "unlikely" to result in lessening of competition.   Read more »

SEC nullifies Gonzales faction's majority acquisition in The Medical City

ABS-CBN News
Updated as of Aug 20 07:55 PM

The Securities and Exchange Commission said Thursday it nullified the majority acquisition of shares in The Medical City (TMC) by a group led by Jose "Eckie" Gonzales after finding it to have "employed fraud" and violated regulations. Read more »

Antitrust body OKs French airport operator's stake acquisition in GMR

ABS-CBN News
Updated as of Aug 20 01:32 PM

The Philippine Competition Commission said Thursday it approved the proposed acquisition of shares of French airport operator in GMR Airports. Read more »

RC Cola maker says parent firm to make first foray in food service business

ABS-CBN News
Posted at Aug 19 12:10 PM

Macay Holdings Inc, which manufactures RC Cola through its unit ARC Refreshments on Wednesday said it has agreed to acquire Artemisplus Express, its first foray into the food service business. Read more »

France's Sanofi to buy US group Principia Biopharma for $3.68 billion

Agence France-Presse
Posted at Aug 17 03:37 PM

French pharma giant Sanofi said Monday it will buy US group Principia Biopharma for $3.68 billion in a deal that will boost its research and development into autoimmune and allergic diseases. Read more »

Antitrust body clears Century Properties group's acquisition of unit's voting shares

ABS-CBN News
Posted at Aug 12 04:43 PM

The Philippine Competition Commission said Wednesday it has cleared the proposed acquisition by Century Properties Group Inc of voting shares in subsidiary Century City Development II Corp. Read more »

Antitrust body approves Lim group’s buyout of shares in BDO Leasing

ABS-CBN News
Posted at Aug 11 02:00 PM

The Philippine Competition Commission said Tuesday it approved the Lim group's acquisition of shares in BDO Leasing and Finance Inc.  Read more »

Coffee Bean & Tea Leaf, Smashburger brands 'profitable' by 2021: JFC

Jessica Fenol, ABS-CBN News
Updated as of Jul 25 03:54 PM

Jollibee Foods Corp chairman Tony Tan Caktiong said Friday the group's brands Coffee Bean & Tea Leaf as well as Smashburger could be profitable by 2021 as "improvements" are being implemented. Read more »

Holcim 'no longer in sale process', poised for further growth despite pandemic: CEO

Jessica Fenol, ABS-CBN News
Posted at Jul 22 12:15 PM

Lafarge Holcim remain as shareholder of Holcim Philippines after the planned sale of shares to San Miguel parent Top Frontier Holdings lapsed without regulatory approval, a company official said Wednesday.   Read more »

Antitrust body to 'carefully' watch competition concerns after ABS-CBN shutdown

ABS-CBN News
Updated as of Jul 21 10:43 AM

The Philippine Competition Commission said Tuesday it would "carefully" watch the development in the free TV industry following the government shutdown of ABS-CBN and Congress’ rejection of its bid for a fresh 25-year franchise. Read more »

Antitrust body issues guidelines for merger reviews under GCQ, MGCQ

ABS-CBN News
Posted at Jul 17 05:15 PM

The Philippine Competition Commission said Friday the regular merger review operations would resume using digital means and that it has issued guidelines for operations under general and modified general community quarantine.   Read more »

Global NGOs rap Google's Fitbit buyout

Agence France-Presse
Posted at Jul 02 12:17 PM

Google's $2.1 billion acquisition of the maker of smartwatches and fitness trackers was unveiled in November and rang alarms among global regulators over antitrust and privacy worries. Read more »

Anti-trust body exempts public-private ventures from merger notification

ABS-CBN News
Posted at Jun 26 03:21 PM

Joint ventures between the government and private entities are now exempted from the mandatory merger notification to make doing business easier, the country's anti-trust body said Friday. Read more »

Tencent buys Iflix in streaming push into Southeast Asia

Reuters
Posted at Jun 25 02:28 PM

The Chinese tech giant said in a statement that Iflix's catalogue of "international, local, and original content" would enable it to expand the reach of its overseas video streaming service, WeTV, which it launched in Thailand in 2019.   Read more »

Food delivery giant rises as Just Eat Takeaway gobbles up Grubhub

Agence France-Presse
Posted at Jun 11 08:35 AM

Anglo-Dutch meal delivery firm Just Eat Takeaway.com agreed to acquire US company Grubhub for $7.3 billion to form the world's largest online food delivery company outside of China, they announced Wednesday. Read more »

Japan's Sumitomo joins Pangilinan-Ayala consortium for LRT-1

ABS-CBN News
Updated as of May 29 10:20 AM

Japan's Sumitomo Corp is joining the Pangilinan-Ayala consortium that operates the Philippine capital's oldest elevated rail, LRT-1, as a strategic stakeholder, one of the Filipino partners said Friday. Read more »

Uber offers $6 billion for meal delivery rival Grubhub: source

Agence France-Presse
Posted at May 14 07:46 AM

Uber is offering $6 billion in stock in its takeover bid for meal delivery group Grubhub, a source familiar with the talks told AFP Wednesday.   Read more »