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Deal would end six years of turmoil for owner of back catalogues of star artists ranging from Blondie to Neil Young and Justin Bieber The struggling owner of music back catalogues ranging from Shakira to the Red Hot Chili Peppers has agreed a $1.6bn (£1.3bn) improved takeover offer from US private equity investor Blackstone.Hipgnosis Songs Fund said it was recommending the offer, which trumps...

France’s Mediawan has acquired Germany’s Leonine Studios. The deal, financial terms of which were not revealed, has been bubbling since November last year. Call My Agent maker Mediawan has owned a 25% stake in the business since 2020. The all-stock deal will see the two companies move even closer together and forms a major European […]

The De Beers owner is a longstanding jewel in the African' state’s economic crown – it would be a ‘big blow’ to see it sold offThe world’s largest mining company has a problem. Australia’s BHP has set out its intention to snap up the rival miner Anglo American in a multibillion-pound deal that would reshape the global industry. Its proposed £31bn takeover plan has...

All-share proposal had potential to be one of biggest deals in sector for decade but deemed ‘opportunistic’Business live – latest updatesThe board of Anglo American, the London-listed mining company, has rejected a £31bn takeover approach from the Australian rival BHP.BHP’s all-share proposed offer for Anglo American had the potential to be one of the biggest deals in the global mining sector for a decade...

Paramount Global shares jumped 13% Friday as investors cheered news that Sony Pictures Entertainment is talking with Apollo Global Management about joining Apollo’s bid for Paramount. The beleaguered stock ended the day at $12.44 after registering more than twice its normal trading volume. Shares reached their highest point since February, offering fresh evidence that many […]

International Paper settles all-share deal after tussle with British rival MondiBusiness live – latest updatesThe FTSE 100 UK packaging firm DS Smith is to be taken over by a bigger US rival, International Paper, after the companies agreed a £5.8bn all-share deal.Tennessee-based International Paper, one of the largest paper and pulp companies in the world, moved in late March to gatecrash a £5.14bn all-share...

Peak Rock Capital takes a bite out of Steris with $787M dental business deal chale Thu, 04/11/2024 - 12:53

Johnson & Johnson adds Shockwave Medical to its cardiovascular collection with $13.1B deal chale Fri, 04/05/2024 - 10:30

Traditional affinity between Conservatives and the newspaper has given way to a complex, splintered drama, and the attempted acquisition by Gulf-backed RedBird IMI lies in limboWith the Conservative party trailing Labour by nearly 20 points in the polls, it needs all the help it can get if it is going to have a fighting chance at the next election.So Downing Street strategists privately wonder...

Ypsomed hands off insulin pen needle business to focus on smart pump, autoinjector development chale Thu, 03/28/2024 - 12:00

CMA plans in-depth investigation into deal that would create UK’s largest mobile phone operatorThe planned merger between Vodafone and Three UK, which would create the UK’s largest mobile phone operator, has been referred to an in-depth investigation by the competition regulator.The Competition and Markets Authority (CMA) said it intended to refer the deal to a more detailed phase 2 investigation amid concerns that mobile...

Richard Branson has already indicated he will back takeover that will require the agreement of the group’s shareholdersNationwide Building Society is set to tale over its smaller rival Virgin Money after the pair formally agreed to a deal worth £2.9bn.The deal, which will solidify Nationwide’s position as the UK’s second largest mortgage lender, will also trigger the resignation of Virgin Money boss David Duffy,...

Surgical robot startup Mendaera picks up Avail Medsystems' COVID-era virtual OR assets chale Tue, 03/19/2024 - 11:28

New legislation could thwart planned £600m purchase of media group by UAE-backed consortiumThe UK government plans to introduce legislation that would prevent foreign governments owning UK newspapers and news magazines in a significant move that could scupper the planned £600m sale of the Telegraph to a United Arab Emirates-backed consortium.RedBird IMI – a partnership between a fund backed by the UAE’s vice-president, Sheikh Mansour...

Live, rolling coverage of business, economics and financial markets as exchange-traded funds help biggest cryptocurrency rallyThe European Commission’s use of Microsoft email and office software broke its own privacy rules, an EU privacy watchdog has ruled.Microsoft’s software transferred personal data outside the EU, breaching privacy rules, according to the European Data Protection Supervisor. Continue reading...

The all-stock deal, which is valued at $35.3 billion, will combine two of the largest credit card companies in the United States.