M&A

UBS CEO Sergio Ermotti sees acquisition as an option for US growth

The bank has been working for years to turn around its wealth business in America

The transaction, subject to regulatory approvals, will see CKHGT receive cash proceeds from the cancellation of its VodafoneThree shares.

CK Hutchison unit to exit VodafoneThree stake in £4.3 billion deal

The Hong Kong conglomerate says the deal would allow it to monetise its investment at an attractive valuation

This brings Sats' ownership of Nanjing Weizhou Airline Food Corporation to 90%, following its initial purchase of a 50% stake in 2019.

Sats acquires additional 40% stake in China aviation meal producer for 312.6 million yuan

The move will let the group capitalise on Chinese airlines’ increasing adoption of frozen food

The Indonesia deal is "quite in line" with OCBC's updated strategy, unveiled by group chief executive Tan Teck Long in February, analysts say.

OCBC’s Indonesia deal boosts wealth push, may herald more M&A under new CEO Tan Teck Long: analysts

Industry watchers say the bank might look to high-growth Asean markets for more acquisitions

The deal comes amid a surge in bullion prices over the past year that has encouraged consolidation among mid-tier producers.

Australia’s Regis to take over Vault, creating A$10.7 billion gold producer

The combination would create a miner with production of 700,000 ounces of gold a year

The proposed transaction is to be funded by a combination of internal sources of funds or external borrowing, or possibly both, says Keppel Infrastructure Trust.

Keppel Infrastructure Trust to acquire another 39% stake in Jurong Island power plant for S$128.1 million

KIT’s trustee manager says the proposed acquisition will generate stable and predictable cash flows

The proposal comes as GameStop grapples with disruptions from a shift towards online shopping and digital purchases from its brick-and-mortar roots.

GameStop offers to buy eBay for about US$56 billion

A potential deal would upend the usual M&A playbook, as it is rare for a company to target one nearly four times its size

The move against the Meta-Manus deal highlights the growing barriers between the tech sectors of China and the US.
THE BOTTOM LINE

Beijing’s blunt message to its tech sector

China’s ban on Meta-Manus deal is a warning to keep AI innovations at home

MiroMind – founded by Chen Tianqiao, a pioneer of China’s online gaming industry.

Billionaire founder overhauls MiroMind after warning on Manus

AI startup’s approach may now offer a formula for domestic firms hoping to set up global businesses

Paramount said the approval would reduce barriers to further investment, enabling it to seek additional capital from non-US investors.

Paramount seeks FCC approval for foreign investors backing Warner Bros acquisition

Middle Eastern-linked funds have agreed to back its proposed takeover