M&A

Warner CEO Zaslav poised to become billionaire from Netflix deal

[NEW YORK] Netflix’s US$72 billion acquisition of Warner Bros Discovery is a coup for stockholders, whose shares are being bought for more than triple what they were worth as recently as April. 

Analysts say Netflix is driven by a desire to lock up long-term rights to hit shows and films and rely less on outside studios.

Netflix to buy Warner Bros Discovery’s studios, streaming unit for US$72 billion

The deal will further tilt the power balance in Hollywood in favour of the streaming giant

Karl Mak of Hepmil says undertaking M&As would distract the company from its core operations.

Hepmil founders chose Publicis acquisition over fresh funding round, citing M&A risks

Karl Mak, the startup’s CEO and co-founder, says the team was not confident of executing its own mergers and acquisition deals

Listed Japanese companies have an average market cap of about US$2 billion, growing a mere 30% since 2000.

M&A boom fuels record decline in Japan’s listed companies

The number of firms trading on the Tokyo Stock Exchange is on track to drop by 58 to 3,778 by the end of the year

Low Keng Huat’s net asset value as at Jul 31 was S$0.79 per share, or 9.7% above the offer price.
HOCK LOCK SIEW

Concerns of weak prospects at Low Keng Huat belie a history of strong shareholder returns

Its shares have delivered a higher total return over the past 15 years than the STI as well as property groups such as CDL, Hongkong Land and UOL

Prada signed a definitive agreement in April to buy Versace from US-based Capri Holdings for about 1.3 billion euros.

Prada completes Versace takeover after long courtship

Prada heir Lorenzo Bertelli will become executive chairman of Versace once the integration is complete

Warner Bros officially put itself up for sale in October after receiving multiple unsolicited offers for all or part of the company.

Warner Bros gets mostly cash Netflix offer in new round of bids

However, the company has not described the latest offers as final

If interest rates remain around current levels and global growth stays resilient, bankers are confident that the momentum seen in 2025 can continue into the next year.
OUTLOOK 2026

Recovery in investment banking activity likely to continue into 2026 amid positive macro environment

Singapore IPO pipeline expected to be even stronger in the coming year