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Merger News

Coronavirus calls into question PSA-Fiat Chrysler merger

New York - Will they or won't they? On top of the massive economic damage, the coronavirus pandemic now is casting doubt over the pending merger between PSA Group and Fiat Chrysler (FCA), financial sources told AFP.

PSA and Fiat Chrysler poised to announce merger MOU: sources

Paris - French carmaker PSA and Fiat Chrysler will on Wednesday announce a memorandum of understanding for a mega-merger to create the world's fourth-largest auto producer, a source close to their talks said.

Tiffany: an American jeweler headed for the LVMH empire

Washington - An iconic US company with a storied history, the jeweler Tiffany agreed Monday to be acquired by French luxury giant LVMH for $16.2 billion.

PSA and Fiat Chrysler unveil merger of equals

Paris - PSA and Fiat Chrysler unveiled Thursday a plan for a 50-50 merger of their operations to create the world's fourth-largest car manufacturer that would generate billions in savings without factory closures.

SoftBank confirms multibillion-dollar bailout for WeWork

Apo - Japan-based SoftBank Group confirmed Wednesday it will pump billions of dollars into struggling start-up WeWork, in a deal that ups its stake in the office-sharing firm to around 80 percent.

Hong Kong Stock Exchange drops bid for London rival

Fpo - The Hong Kong Stock Exchange on Tuesday dropped its multibillion-dollar bid for the prized London Stock Exchange Group, which would have created a global markets titan.

Snowden, Rushdie back calls to uphold independence of French daily Le Monde

Paris - Around 500 leading writers, artists and activists, including US whistleblower Edward Snowden and novelist Salman Rushdie, on Friday signed an open letter supporting reporters at French daily Le Monde in their battle for guarantees of editorial independ...

EU blocks Thyssenkrupp-Tata steel merger plan

Apo - The EU's powerful anti-trust authority on Tuesday blocked the merger of German industrial conglomerate Thyssenkrupp with Indian steel giant Tata, an expected veto that kills the deal.

Fiat Chrysler withdraws offer of merger with Renault

Paris - Italian-American carmaker Fiat Chrysler on Thursday said it had withdrawn a proposal for a merger with Renault, saying it would be unable to reach an agreement with the French government.

Fiat Chrysler withdraws offer of merger with Renault

Paris - Italian-American carmaker Fiat Chrysler on Thursday said it had withdrawn a proposal for a merger with Renault, saying it would be unable to reach an agreement with the French government.

Renault and Fiat Chrysler stuck over merger terms: report

Paris - Talks between Fiat Chrysler and Renault have hit a roadblock over the financial terms of the proposed merger between the Italian-US and French carmakers, the French business daily Les Echos reported online Thursday, citing sources close to Fiat Chrysle...

Uber to buy Mideast rival Careem: report

San Francisco - Uber is set to buy its Middle Eastern rival Careem for $3.1 billion, financial news agency Bloomberg reported Sunday.The deal, expected to be announced Tuesday, will see Uber pay $1.

EU's rail merger veto ignites spat over competition rules

Paris - The European Union's veto of an Alstom-Siemens rail merger has revived debate over competition regulations that some say are obsolete in the face of growing rivalry from Chinese giants.

Siemens boss blasts EU over Alstom rail merger

Berlin - Joe Kaeser, chief executive of German conglomerate Siemens, launched Wednesday a rare broadside against the European Commission, complaining that "backwards-looking technocrats" threatened to block a planned rail merger with France's Alstom.

Embraer shares take off after Bolsonaro approves Boeing merger

S - The share price in Brazilian airplane manufacturer Embraer soared Friday as markets reacted favorably to the country's President Jair Bolsonaro approving a merger with us giant Boeing.The share price jumped 7.

Boeing-Embraer merger going ahead after Bolsonaro approval

S - Aviation giants Boeing and Embraer will push on with their proposed merger after Brazil President Jair Bolsonaro confirmed on Thursday he would not oppose the move.

Embraer shares dive after Bolsonaro voices wariness at Boeing venture

S - Shares in Brazilian planemaker Embraer plunged nearly five percent Friday after new President Jair Bolsonaro voiced wariness about a $5.2-billion tie-up it is planning with US giant Boeing.

Comcast faces continued doubts over wisdom of Sky purchase

New York - As it prepares to take control of British telecommunications company Sky following a tense, months-long bidding war, American cable giant Comcast faces continued doubts about its strategy for content and technology -- and whether it will pay off.

Cisco set to acquire 2FA provider Duo Security

Networking hardware company Cisco announced its plans to buy two factor authorization provider Duo Security for a combination of cash and equity awards.

EU anti-trust officials probe Thales, Gemalto merger

Apo - The European Union said Monday it has launched an anti-trust investigation into the planned purchase by French aerospace and defence group Thales of SIM manufacturer Gemalto.

EU probes Alstom, Siemens rail merger

Apo - The EU launched an in-depth investigation Friday into the merger of the rail activities at Alstom, the state-controlled maker of France's iconic TGV trains, and German industrial giant Siemens.

Brazil plane-maker Embraer sees shares soar amid talk of deal with Boeing

Bras - Shares in the Brazil aircraft manufacturer Embraer soared Wednesday on the back of speculation that a deal to create a new company with US plane-maker Boeing was in the offing. Embraer stock was up 4.

Disney clears hurdle for Fox tie-up with US regulator approval

New York - Walt Disney's proposed mega-deal with 21st Century Fox moved a step closer to reality Wednesday as US regulators conditionally cleared the tie-up which could reshape the media-entertainment landscape.The US Department of Justice approved the $71.

US regulators approve Disney-Fox mega-deal, with conditions

New York - US antitrust regulators on Wednesday conditionally approved Walt Disney's proposed $71.3 billion purchase of key 21st Century Fox assets, boosting the chances for the tie-up to create a new media-entertainment powerhouse.

Blockbuster antitrust trial impact to go beyond AT&T, Time Warner

Washington - With a judge set to rule in the trial over the merger of AT&T and Time Warner, any decision could have a far-reaching impact on the media and communications sector and the future course of antitrust enforcement.

Bayer-Monsanto merger creates agrichemical juggernaut

Frankfurt Am Main - German chemicals and pharmaceuticals giant Bayer will seal a $63-billion merger with US-based Monsanto Thursday, creating an agrichemical behemoth with lofty ambitions to feed the world but lambasted by environmentalists.

Bayer to ditch Monsanto name after mega-merger

Frankfurt Am Main - German chemicals and pharmaceuticals giant Bayer will discard the name Monsanto when it takes over the controversial US seeds and pesticides producer this week, it said Monday.

Canada: Huge merger creates pot giant ahead of legalization

Montr - With the legalization of recreational marijuana looming in Canada, therapeutic producer Aurora said Monday it was acquiring rival MedReleaf Corp. in a huge deal set to create a giant company. Aurora said it would pay Can$3.2 billion ($2.

Trump blocks Broadcom's bid to buy Qualcomm

San Francisco - US President Donald Trump on Monday blocked an unsolicited bid by Singapore-based Broadcom to take over smartphone chipmaker Qualcomm, citing national security concerns.

Television titans bulk up to battle internet rivals

New York - Traditional television titans are bulking up in a battle with online streaming giants Netflix and Amazon as viewers take to binging on shows when and where they want.
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HOUSTON: Corporate headquarters for oil services industry giant Halliburton  which was headed before...
HOUSTON: Corporate headquarters for oil services industry giant Halliburton, which was headed before 2000 by former U.S. Vice President Dick Cheney.
WhisperTo / Wikimedia
DISPLAY: A Fiat Chrysler Viper roadster is seen at the North American International Auto Show in Det...
DISPLAY: A Fiat Chrysler Viper roadster is seen at the North American International Auto Show in Detroit, Mich., in 2013.
Sarah Larson/Wikimedia Commons

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