mergers-and-acquisitions
Top StoriesEndeavor nears deal to buy vince McMahon’s WWE -sources
BusinessGlobal dealmaking sinks to lowest level in over a decade
Top StoriesCredit agricole launches China M&A and investment banking business
Top StoriesAustralia’s macquarie explores $6 billion deal for britain’s M&G, sky news reports
System integration is key to successful mergers and acquisitions
Date: February 23, 2023
Nathan Shinn, Founder and CSO, BillingPlatform Since 2010, over 500,000 mergers and acquisitions (M&A) have been completed globally – and that number keeps growing. According to a survey from KPMG, global mergers and acquisition activity in 2021 even surpassed pre-pandemic levels, nearly meeting the peaks of activity from 2007 and 2015. As a growing business...
Banker bonuses go from boom to bust in jarring reversal
Date: December 22, 2022
By Lananh Nguyen, Saeed Azhar and Lawrence White NEW YORK/LONDON (Reuters) -Bankers in New York and London are bracing for year-end bonuses that recruiters estimate are 30% to 50% lower, while some may receive none at all as dealmaking sputters and economic gloom sets takes hold. Financiers face disappointment when their compensation awards land in...
EU opens antitrust probe into broadcom’s $61 billion VMware bid
Date: December 21, 2022
PARIS (Reuters) -European antitrust regulators have opened an in-depth investigation into U.S. chipmaker Broadcom’s proposed $61 billion bid for cloud computing company VMware, the European Commission said on Tuesday. “The Commission is particularly concerned that the transaction would allow Broadcom to restrict competition in the market for certain hardware components which interoperate with VMware’s software,”...
European food delivery shapes up with getir’s gorillas buy
Date: December 12, 2022
By Toby Sterling AMSTERDAM (Reuters) -Grocery-in-minutes company Getir’s $1.2 billion deal to buy rival Gorillas is an important step toward consolidation in Europe’s food delivery market, where companies are struggling amid a post-COVID slowdown. After rapid expansion, these businesses were hit in March with a fall in lockdown-driven demand for deliveries and by rising interest...
UK says baker Hughes-Altus deal may hurt competition in oil well services
Date: November 23, 2022
(Reuters) – Britain’s competition watchdog said on Tuesday U.S.-listed oilfield services firm Baker Hughes Co’s acquisition of Altus Intervention could reduce competition among UK oil and gas operators. The Competition and Markets Authority (CMA) said it was concerned that the loss of rivalry between the merging companies could lead to higher prices, reduced choice and...
Exclusive-Morgan Stanley to start layoffs in coming weeks as dealmaking slows -sources
Date: November 3, 2022
By Kane Wu, Scott Murdoch and Julie Zhu HONG KONG (Reuters) – Wall Street major Morgan Stanley is expected to start a fresh round of layoffs globally in the coming weeks, three people with knowledge of the plan said, as dealmaking business takes a hit due to rising inflation and an economic downturn. In Asia...