In the country's fourth straight year of a steady increase in strategic M&A, deal volumes hit record levels and deal value rose by 139% in 2022
The all-stock deal is DoorDash's biggest purchase to date, eclipsing the acquisition of Caviar in 2019
Pinterest is a visual search and scrapbooking platform that lets users save, collect and group images by theme
(Reuters) - Global merger and acquisition (M&A) activity has breached new highs, building on the record-breaking dealmaking streak from the beginning of the year that has been aided by low interest rates and soaring stock prices.
Discovery shares jumped 16% in premarket trading. AT&T shares rose 1.4%.
The comments are from 3D Investment Partners, which owns a 7.2% stake in Toshiba
There were reports the firm was close to a deal in the mid-single digit billions
CVC's proposal had sparked a strong backlash from Toshiba managers
Toshiba said on Wednesday that Kurumatani was stepping down. It said he was doing so to "recharge" and after achieving his plan to revive the conglomerate
U.S. hedge fund Farallon Capital Management has also asked Toshiba to seek multiple offers, but Oasis is the first to present what it considers a fair price.
General Electric is combing its aircraft leasing business with Ireland's AerCap Holdings
It is the Japanese electronics firm's biggest acquisition since 2011
Despite Reliance Group closing a slew of equity divestments in its telecom and retail arms to the tune of USD 23 billion in 2020, the overall inbound M&As failed to notch up the 2019 tally with the value falling 7 per cent to USD 73.6 billion last year, according to a report. Last year, outbound M&As touched USD 4.4 billion, up 58.4 per cent compared to 2019 and over 80 per cent of the money landed in US assets, according to a tally of Mergers & Acquisitions (M&As) by global financial markets data provider Refinitiv. Overall inbound deals faltered due to the pandemic, pulling down the deal value by 7 per cent and down 11.5 per cent in volume over 2019. With USD 73.6 billion worth inbound deals, M&A value last year was way below the all-time high it scaled in 2018 at USD 132.2 billion and up from 2017 when it was at a low USD 58.3 billion, according to Elaine Tan, a senior analyst at Refinitiv. The numbers would have been much lower had it not been for the litany of
Gojek is now a one-stop shop for a multitude of services whereas Tokopedia is a marketplace which, unlike rivals such as Bukalapak, does not hold its own inventory
The sale clears a major hurdle for Delivery Hero in gaining the dominant position in the world's third-largest online food delivery market
Tata Communications has acquired a controlling stake in France-based eSIM company Oasis Smart SIM Europe SAS (Oasis)
The merger with Foley Trasimene Acquisition Corp would result in Alight becoming a publicly-listed company at a valuation of more than $8 billion, including debt
The buyers said TalkTalk would be able to access more debt and equity options as a private company and would not face the regulatory burdens of being listed
The economic shock is poised to result in a wave of mergers and acquisitions
EA, maker of The Sims, Need for Speed and FIFA, said it expects the deal to grow net bookings and underlying profitability