Tag

Mergers And Acquisitions

All articles tagged with #mergers and acquisitions

business2 days ago•4 min saved

Uber mulls loftier bid for Delivery Hero after €11.5bn approach rebuffed

Uber is weighing a higher bid for Delivery Hero after a major shareholder rebuffed an indicative €38-per-share offer (following an earlier €33-per-share bid that valued the group above €10bn). Some Delivery Hero shareholders are said to want more than €40 per share (about €13bn total). Rival DoorDash is circling as the market consolidates, and Uber is exploring options to push its indirect stake above 30% via derivatives with Morgan Stanley advising. Delivery Hero’s board is considering a full sale or spin-offs of certain divisions, while activist Aspex and Prosus hold stakes; founder Niklas Östberg has signaled he will depart by 2027, with regulatory scrutiny anticipated.

via Financial Times|

#business #delivery-hero #food-delivery

business4 days ago•18 min saved

Estee Lauder-Puig Merger Talks End Amid Tilbury Tangles

Estée Lauder Companies and Puig ended merger talks, a deal long in discussion but complicated by Charlotte Tilbury's renegotiation leverage and Puig ownership dynamics. Lauder said it remains confident in standalone growth, and the breakup follows Tilbury’s evolving role. Lauder’s stronger financial position and solid results helped drive the decision, with Lauder stock rising after hours and Puig slightly down on the news.

via WWD|

#beauty-industry #business #charlotte-tilbury

business8 days ago•8 min saved

AI’s power play: NextEra-Dominion megamerger could steer America's data-centre future

NextEra Energy and Dominion Energy unveiled a $420bn megamerger to consolidate the eastern US electricity grid that underpins the AI data‑centre boom in Virginia’s “data centre alley,” backed by a claimed 130 GW of data‑centre demand. The deal values Dominion at about $76 a share (enterprise value ~ $124bn including $56.7bn debt) and faces a lengthy regulatory path—roughly 18 months—with a $4.8bn break fee if blocked. To ease consumer fears over higher power costs amid the AI infrastructure rush, NextEra has pledged $2.2bn in bill credits for customers in Dominion’s service areas.

via Financial Times|

#artificial-intelligence #business #mergers-and-acquisitions

business10 days ago•4 min saved

NextEra and Dominion Eye $400 Billion Utility Titan in AI-Driven Power Play

NextEra Energy and Dominion Energy are in talks for a stock-based tie-up that would create a US utility giant valued at more than $400bn, expanding NextEra into the Carolinas and Virginia to meet booming electricity demand from AI data centers; approvals would require antitrust and energy regulators, and although a deal could be announced soon, discussions could still collapse.

via Financial Times|

#ai-data-centers #business #dominion-energy

business12 days ago•18 min saved

WBD Upfront Echoes a Changing Era as Paramount-Skydance Tie-Up Looms

Warner Bros. Discovery’s upfront lunch carried a valedictory air as Paramount Skydance’s $110 billion bid to acquire WBD looms, with a Sept. 30 close target pending regulatory approvals. Executives touted the company’s advertising products while the deal’s implications—turning Turner, HBO, and Warner Bros over to a new parent—hung over the room. Insiders pointed to two factors likely to help garner approval: Larry Ellison’s influence and Makan Delrahim, DOJ antitrust veteran now Paramount’s chief legal officer. CEO David Zaslav could collect up to $886 million on closing, despite a shareholder vote against part of his pay, underscoring the ongoing volatility of media M&A.

via Deadline|

#business #media-industry #mergers-and-acquisitions

business13 days ago•16 min saved

WBD Upfront Opens With Paramount Deal Buzz and Ellison in the Room

Warner Bros. Discovery’s sales chiefs opened the upfront by addressing the looming Paramount acquisition, noting that change is coming but promising a united, best-in-class team to guide advertisers through the transition as the $110 billion deal moves toward closing, while highlighting the merger history and evolving role of HBO/Warner assets in upfront pitches.

via Deadline|

#advertising #business #mergers-and-acquisitions

market-news14 days ago•16 min saved

Allen to Acquire Majority BuzzFeed Stake, Takes Control of BZFD

Media entrepreneur Byron Allen agreed to acquire a majority stake in BuzzFeed for $120 million and will become CEO, a move that sent BZFD shares higher after-hours; BuzzFeed has faced profitability challenges with a Q1 loss of $15.1 million on $31.6 million in revenue, and closing is expected by end of May 2026 via $20 million cash at closing plus a $100 million promissory note at 5% over five years, as Allen aims to turn the company around.

via TipRanks|

#buzzfeed #byron-allen #bzfd

business15 days ago•4 min saved

Media mogul Byron Allen takes controlling stake in BuzzFeed, reshaping leadership and strategy

Byron Allen’s Allen Media Group is acquiring a 52% stake in BuzzFeed for $120 million, installing Allen as CEO and chairman and moving co-founder Jonah Peretti to president of AI; the financing includes $20 million cash at closing and $100 million later at 5% interest, as BuzzFeed contends with debt and losses and pushes for growth in streaming, user-generated content, and expanded HuffPost coverage while spinning its film/TV division into an independent entity.

via The New York Times|

#business #buzzfeed #byron-allen

business15 days ago•4 min saved

GameStop’s bold bid for eBay could redefine ecommerce

GameStop proposes a $28 billion, partly cash and partly stock deal to acquire eBay and parcel it into a new, differently led company. eBay shareholders would get a cash payout plus 70% of the new entity, in a package valued around $49 billion for investors, financed by a $20 billion loan arranged by TD Bank and GameStop debt. Framed as an activist-style acquisition rather than a straight takeover, the plan hinges on governance, cost cuts, and whether GameStop’s meme-stock appeal and CEO Ryan Cohen can translate into durable value for eBay holders, all while bearing a heavy debt load (roughly five times ebitda) and governance questions.

via Financial Times|

#business #ebay #ecommerce

business16 days ago•7 min saved

Insider-trading ring linked to elite law firms shocks U.S. legal industry

U.S. prosecutors say a decade-long insider-trading scheme exploited confidential M&A information from elite law firms, led by a Goodwin Procter-connected network and involving dozens of people, including two college friends and a hairdresser, who tipped a web of traders on nearly 30 deals (e.g., iRobot/Amazon). The scheme allegedly earned tens of millions in illicit profits with kickbacks, drawing indictments for 30 individuals and civil actions from the SEC against 21 others; the case highlights how the custodians of sensitive deal info at law firms can be misused despite internal controls.

via Financial Times|

#business #goodwin-procter #insider-trading

business17 days ago•5 min saved

Cohen eyes eBay leadership with GameStop bid, pledging to run the company

Ryan Cohen says he intends to buy eBay and become its CEO, outlining a financing plan that uses GameStop’s cash and debt in a roughly $56 billion bid and proposing to split existing shareholders’ proceeds before rolling the rest into a GameStop–eBay merger. He argues cost‑cutting could boost eBay’s profitability and calls out what he sees as weak leadership and culture at eBay. Cohen has framed his personal frugality and public stunts as part of funding the deal, and eBay says it is reviewing the bid.

via Business Insider|

#business #cost-cutting #ebay

mergers-and-acquisitions18 days ago•4 min saved

Packer backs Architect-led minority stake in OnlyFans in $3.1B deal

Architect Capital is buying a 16% stake in OnlyFans for about $3.1 billion, valuing the platform at roughly $3.1 billion, with investors including Australian billionaire James Packer and tech investor Sam Lessin via a special-purpose vehicle; control remains with Leonid Radvinsky’s family trust, and the arrangement could lead to a larger equity stake in the future.

via Financial Times|

#architect-capital #family-offices #james-packer

business19 days ago•5 min saved

Elite Lawyers Accused of Million-Dollar Insider Trading, Speaking in Code

A decade-long insider-trading scheme allegedly run by elite corporate lawyers used code words like 'rabbi' and 'coffee' to discuss confidential merger information harvested from firms such as Wachtell Lipton, Latham & Watkins, and Goodwin Procter, enabling trades on deals including Anadarko-Occidental and Tim Hortons-Burger King. The operation spanned 2014–2024 with about 30 defendants across two indictments, numerous arrests, some fugitives, and sophisticated concealment via burner phones, offshore accounts and shell entities.

via New York Post|

#business #coded-language #doj-indictment

legal20 days ago•13 min saved

Stolen BigLaw Deal Data Allegedly Fueled Multimillion Insider Trading Scheme

Federal prosecutors unveiled indictments alleging a wide-scale insider-trading scheme that used nonpublic mergers-and-acquisitions information stolen from major law firms to net tens of millions in profits, tying deals at companies like Actelion, Amazon, Anadarko, eBay, iRobot, Johnson & Johnson, Occidental Petroleum and Permira to traders.

via Law360|

#biglaw #indictments #insider-trading

mergers-and-acquisitions21 days ago•12 min saved

Bullish strikes $4.2B deal to fuse with Equiniti and spearhead tokenized-securities infra

Bullish (NYSE: BLSH) will acquire Equiniti from Siris in a $4.2 billion transaction to create a global transfer agent for tokenized securities, combining Equiniti’s regulated services with Bullish’s blockchain-enabled infrastructure. The deal includes $1.85B of assumed Equiniti debt and about $2.35B in Bullish stock, with closing expected in January 2027. Pro forma 2026 revenue is about $1.3B and adjusted EBITDA above $500M, with projected 6-8% revenue growth from 2027–2029 and strong tokenization/ blockchain services upside.

via GlobeNewswire|

#bullish #equiniti #mergers-and-acquisitions