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

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 »

Ayala Corp consolidates energy, water, transport, logistics businesses

ABS-CBN News
Posted at Apr 20 08:33 AM

Ayala Corp said Monday it was consolidating its energy, water, transport and logistics businesses to take a "more significant" stake in Philippine infrastructure. Read more »

Pepsi Philippines: Lotte buyout plan gets antitrust body's approval

ABS-CBN News
Posted at Mar 30 10:17 AM

Pepsi-Cola Products Philippines Inc said Monday the country's antitrust watchdog approved the plan of Lotte Chilsung to buy out its fellow shareholders. Read more »

Fruitas Holdings acquires coconut water delivery service

ABS-CBN News
Posted at Mar 09 10:46 AM

Fruitas acquired 100 percent outstanding shares of CocoDelivery, it said in a disclosure to the stock exchange.  Read more »

AC Energy completes acquisition of Pagudpud wind farm operator

ABS-CBN News
Posted at Feb 28 11:10 AM

AC Energy completes acquisition of Pagudpud wind farm operator Read more »

Metro Pacific adds Los Baños Doctors to hospital stable

ABS-CBN News
Posted at Feb 20 11:25 AM

Metro Pacific Hospital Holdings, led by tycoon Manuel Pangilinan, invested P250 million in Los Baños Doctors Hospital and Medical Center, taking a 51-percent equity interest, MPIC told the stock exchange. Read more »

Robinsons Retail divests from nail care business Chic Centre

ABS-CBN News
Posted at Feb 20 09:15 AM

Chic Centre, whose brands include Bobbie, Chic, Colortrends and Rain, "is no longer aligned" with Robinsons Supermarket, the retail arm of the Gokongwei Group told the stock exchange. Read more »

Antitrust body raises mergers, acquisitions thresholds for notification

ABS-CBN News
Updated as of Feb 17 12:42 PM

The threshold size of either firm or entity before the transaction will be increased to P6 billion from P5.6 billion effective March 1. The threshold for the size of transaction will be raised to P2.4 billion from P2.2 billion, the PCC said in a statement. Read more »

Razon may get majority voting rights in Manila Water by April: Ayala Corp

ABS-CBN News
Posted at Feb 11 01:22 PM

The grant of 51-percent voting rights to Razon-led Trident Water will be effective after the agreement closes on April 17, the date of the annual stockholders meeting and upon approval from the Securities and Exchange Commission, Ayala Corp told the stock exchange.   Read more »

Billionaire Razon offers to buy more Manila Water shares

ABS-CBN News
Posted at Feb 07 10:58 AM

Razon's Prime Metroline Holdings set the tender offer at P13 per share, lower than Manila Water's closing price of nearly P15 the previous day. Read more »