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Takeover

All articles tagged with #takeover

Apollo bids higher to take EasyJet at £7.15 a share, eclipsing Castlelake
business7 days ago

Apollo bids higher to take EasyJet at £7.15 a share, eclipsing Castlelake

EasyJet said it has agreed in principle to Apollo Global Management's takeover offer, valued at about £5.7bn (roughly £7.15 per share), topping Castlelake's £5.2bn/£6.90-per-share bid and leaving Castlelake on the back foot. Apollo has until 17:00 on 7 August to firm up a bid, while Castlelake's deadline is 3 August. Any deal must satisfy EU ownership rules, with Apollo saying it will meet those conditions. For now, flights and bookings continue as normal, and shares rose on the news as analysts note EasyJet's profitable network and holidays business make it an attractive target.

via BBC|
#apollo-global-management#business#castlelake
EasyJet stock soars on Castlelake’s renewed $7.3B privatization bid
business11 days ago

EasyJet stock soars on Castlelake’s renewed $7.3B privatization bid

EasyJet shares jumped to a 52-week high after Castlelake raised its bid to £5.5 billion ($7.3 billion) to take the airline private, offering $6.90 per share with an Aug. 3 deadline to firm up the offer. The deal comes as airlines face jet-fuel costs and EasyJet reports a £552 million pre-tax loss for the six months to March 31 despite revenue rising to £4 billion, with Castlelake saying it would support growth and fleet modernization if the deal goes through.

via CNBC|
#airlines#business#castlelake
Frasers Makes €2 Billion Cash Play for Hugo Boss with €38/Share Offer
business1 month ago

Frasers Makes €2 Billion Cash Play for Hugo Boss with €38/Share Offer

Frasers Group, Hugo Boss’s largest shareholder with about a 26% stake, offered €38 per share in cash for the remaining Hugo Boss shares, valuing the company at about €1.978 billion ($2.28 billion). The bid carries roughly a 4% premium to Hugo Boss’s prior close, is not coordinated with Hugo Boss, and will be reviewed by the company; regulatory approvals are needed with completion expected in the second half of 2026. Hugo Boss stock rose on the news.

via CNBC|
#business#cash-offer#frasers-group
Imax Sale Sparks Broad Bidder Speculation Across Studios, Tech Giants, and PE
business1 month ago

Imax Sale Sparks Broad Bidder Speculation Across Studios, Tech Giants, and PE

Imax is reportedly exploring a sale, with early talks prompting Wall Street to speculate on a wide pool of potential buyers from traditional theater chains (Cinemark, AMC) to tech and media giants (Apple, Sony, Netflix, Amazon) and private equity firms, plus entertainment players like Sphere Entertainment. Analysts say the universe of likely bidders is unusually broad, though concerns remain about how any buyer might influence Imax’s neutral release model. Previous auction attempts stalled, but the current sale process has renewed interest as premium, large-format cinema experiences rebound post-pandemic.

via The Hollywood Reporter|
#bidders#business#cinema
Imax Stock Rockets as Takeover Talks Surface
business1 month ago

Imax Stock Rockets as Takeover Talks Surface

Imax’s stock surged after-hours following a Wall Street Journal report that the company is in the early stages of fielding possible buyers, as studios push premium large-format screens to lure audiences back to theaters. Shares rose about 11% to $37.50, while Imax executives declined to comment on takeover speculation. CEO Richard Gelfond has framed Imax as a valuable asset either on its own or within a larger company, but the sale process is early and may not lead to a deal as the industry continues to emphasize immersive premium experiences.

via The Hollywood Reporter|
#business#cinema#imax
Cohen Dismisses eBay, Proposes Live Shopping Overhaul
market-news2 months ago

Cohen Dismisses eBay, Proposes Live Shopping Overhaul

GameStop CEO Ryan Cohen attacked eBay’s leadership after they rejected his $55 billion offer, calling the site “stuck in 1995” and accusing its bosses of protecting their own pay with perverse incentives. He argues cost cuts and a pivot to live shopping could make the platform more competitive, while skeptics like Michael Burry question the deal’s math; on Wall Street, EBAY receives a cautious Moderate Buy rating with limited upside amid the controversy.

via TipRanks|
#e-commerce#ebay#gme
GameStop's $56B bid for eBay prompts funding questions and stock swings
business2 months ago

GameStop's $56B bid for eBay prompts funding questions and stock swings

GameStop unveiled a $56 billion cash-and-stock bid to acquire eBay, backed by a reported $20 billion debt financing letter from TD Bank and a 20% premium, but CEO Ryan Cohen dodged how the deal would be funded, saying 'the details are on our website' as investors pushed the stock lower while eBay rose on the proposal; GameStop already holds a ~5% stake in eBay and argues leverage and efficiency would drive value, though no talks with eBay have occurred and a hostile takeover remains a possibility.

via Yahoo Finance UK|
#business#ebay#financing
GameStop bids $55.5B to buy eBay, signaling a potential hostile takeover
business2 months ago

GameStop bids $55.5B to buy eBay, signaling a potential hostile takeover

GameStop offered to buy eBay for $55.5 billion at $125 per share (half cash, half stock), a bid that could turn hostile if rebuffed. GameStop owns about 5% of eBay and says it could use its 1,600 stores as authentication, fulfillment, and live‑commerce hubs. CEO Ryan Cohen argues the merger could unlock hundreds of billions in value and plans roughly $2 billion in annual cost cuts funded by a $20 billion loan and potential external investors. EBay has not commented on the offer, while posting strong Q1 results and moving ahead with the $1.2 billion Depop acquisition to attract younger shoppers.

via The Guardian|
#business#cost-cutting#ebay
GameStop makes $56B unsolicited bid to buy eBay, aiming for Amazon-scale rival
business2 months ago

GameStop makes $56B unsolicited bid to buy eBay, aiming for Amazon-scale rival

GameStop has made a $56 billion unsolicited bid to acquire eBay, valuing the online marketplace at about $125 per share and backed by roughly $20 billion in debt financing from TD Bank. CEO Ryan Cohen says the deal could transform eBay into a major rival to Amazon, with GameStop already holding about a 5% stake; eBay stock rose in after-hours trading as more details are expected today.

via BBC|
#acquisition#business#ebay
Paramount clinches $111bn Warner Bros takeover, reshaping Hollywood
business2 months ago

Paramount clinches $111bn Warner Bros takeover, reshaping Hollywood

Warner Bros Discovery shareholders approved Paramount’s $111 billion takeover, placing Paramount in control of Warner Bros’ library and channels (including CNN) once regulators sign off. Completion remains contingent on US DOJ and European approvals, with a target around September; if cleared, HBO Max and other Warner assets would be folded into Paramount’s portfolio. The deal drew opposition from industry figures and politicians over consolidation risks, though Paramount pledges to support creators and enhance consumer choice.

via BBC|
#business#cnn#paramount
UniCredit unveils cross-border Commerzbank overhaul plan to create future-ready European lender
business2 months ago

UniCredit unveils cross-border Commerzbank overhaul plan to create future-ready European lender

UniCredit laid out an ambitious plan to overhaul Commerzbank via an 'Unlocked' tie-up that would form a cross-border European lender and unlock about €1.1 billion in value by 2030. The plan sketches two paths: a partial-control route where Commerzbank remains separate for 18 months, or a full integration path that would eventually merge into UniCredit's network (with HVB). Commerzbank has resisted mergers, but UniCredit’s stake above 30% triggers a mandatory takeover offer; UniCredit claims the plan could lift net profit by about €600 million by 2028 to roughly €5.1 billion and boost investment in technology and AI.

via CNBC|
#business#commerzbank#european-banking