Acquisitions/Mergers
- Market
Marvell to Acquire Networking Chip Start-Up Innovium for $1.1 billion
Courtesy Marvell Marvell Technology plans to acquire networking chip start-up Innovium for $1.1 billion. The deal is a bid to…
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Dow futures climb nearly 200 points to kick off August trade
U.S. stock futures advanced on Monday, as investors eyed progress on an infrastructure bill, merger activity and a sign that…
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Bank of America hires Goldman’s Malhotra in leverage finance leadership role
Bank of America re-hired a senior Goldman Sachs dealmaker to lead its leveraged finance origination business in Europe. Uday Malhotra…
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Barclays unveils new M&A leaders in Europe as shake-up continues
Barclays named new leaders of its European mergers and acquisitions team in Europe, the latest shake-up at the UK lender’s…
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Jupiter’s Bonham Carter on why he’s sceptical about Spacs
City fund management veteran Edward Bonham Carter has called into question the investor benefits of so-called special purpose acquisition companies,…
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Barclays dealmakers post record quarter despite sharp fall in fixed income trading
Barclays investment bankers posted a record quarter despite a 40% slump in fixed income trading revenues as fees surged during…
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Deutsche Bank doubles M&A fees as it sidesteps fixed income trading slump
Deutsche Bank dodged the second quarter fixed income trading slump, with revenues shrinking by 11% as fees from mergers and…
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Adecco to Buy France’s AKKA Technologies in EUR2 Bln Deal
By Olivia Bugault Adecco Group AG said Wednesday that it will acquire engineering R&D services provider AKKA Technologies SE at…
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FCA puts size limit on UK Spacs as investors are in line for greater protections
Investors must be allowed to exit a special purpose acquisition company early if it wants to benefit from a smoother regulatory…
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$30bn merger between Aon and Willis Towers Watson axed
Aon and Willis Towers Watson said they have agreed to terminate their roughly $30bn deal and end litigation with the Justice Department, which alleged…
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Starling Bank makes first acquisition with £50m deal for mortgage lender
Starling Bank agreed to acquire a buy-to-let specialist mortgage lender in a £50m deal, marking the fintech firm’s first acquisition…
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A Space Company’s Wall Street Launch Misfires
WASHINGTON—A space-transportation company trying to go public didn’t tell potential investors that its satellite-hauling technology failed, that it lost contact…
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The We That Didn’t Work at WeWork
Adam Neumann and Masayoshi Son were negotiating a possible $20 billion check when Mr. Son pulled up an image of…
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Meet the latest IPO fad: Grills
The searing market for newly public companies has a new obsession: grills. Two leading sellers of outdoor grills and grilling…
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Can Spacs conquer the world of wealth management?
While the boom in special purpose acquisition companies may well be tailing off slightly, market watchers are still waiting for…
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Uber’s Freight Unit to Buy Logistics Tech Firm Transplace for $2.25 Billion
Uber Technologies Inc.’s Freight unit is buying technology-focused logistics services provider Transplace in a cash and stock deal worth about…
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Goldman loses European dealmaker as boutiques circle prestige banks
Goldman Sachs executive director Benjamin Rouach is set to join boutique advisory firm Fenchurch, Financial News has learned. Rouach will start…
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Wealth manager Wren Sterling confirms sale talks
Wealth manager Wren Sterling’s sale talks have ended with a management buyout. A number of bidders were vying for the…
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UBS dealmakers’ fees surge by 70% as trading boom ebbs
UBS’s investment bank brought in fees nearly 70% ahead of last year during the second quarter, due to a surge…
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WSJ News Exclusive | Comcast CEO Brian Roberts and ViacomCBS Chairman Shari Redstone Met to Discuss Streaming Partnership
Comcast Corp. Chief Executive Brian Roberts met with ViacomCBS Inc. Chairman Shari Redstone in recent weeks to discuss a potential…
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IBM’s Revenue Rises for Second Straight Quarter
International Business Machines Corp. showed progress in delivering on Chief Executive Arvind Krishna’s commitment to revive growth, posting a second…
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IBM stock gains after earnings show second consecutive quarter of sales growth
International Business Machines Corp. reported revenue growth for a second consecutive quarter Monday afternoon, beating expectations and sending shares higher…
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Bill Ackman’s Spac is ditching the deal to acquire a 10% stake in Universal Music
Pershing Square Tontine Holdings, a blank-cheque company led by hedge-fund manager William Ackman, said it won’t proceed with its proposed…
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Australia Seeks to Block China With Stake in Pacific Mobile Networks
The Australian government plans to provide most of the financing for the acquisition of mobile networks in six Pacific nations,…
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Italy’s luxury house brand Zegna to go public via US Spac
Italian luxury house Ermenegildo Zegna will go public on the New York Stock Exchange later this year as part of…
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Zoom to Buy Five9 in All-Stock Deal Valued at $14.7 Billion
Zoom Video Communications Inc., the videoconferencing service that became a household name globally during the pandemic, plans to parlay some…
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3-D Printing Company Fathom Reaches $1.4 Billion SPAC Deal to Go Public
Fathom Digital Manufacturing Corp. is combining with a special-purpose acquisition company to go public in a deal that values the…
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Intel CEO’s Chip-Building Plan Has a $50 Billion-Plus Price Tag
Less than six months into the job, Intel Corp. INTC -1.51% Chief Executive Officer Pat Gelsinger’s approach to reviving the…
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Lordstown Motors Discloses Justice Department Investigation as Truck Launch Looms
Electric-truck startup Lordstown Motors Corp. RIDE -3.94% confirmed the Justice Department is probing its business, investigating matters related to its…
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US law firm boosts pay for first year London lawyers to $200,000
Wall Street law firm Milbank has ramped up pay for first year lawyers in London to $200,000 amid a mergers…
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IHS Markit’s Lance Uggla: ‘The phone rang — it was S&P Global’
Towards the end of last year, Lance Uggla was on the verge of striking the biggest deal of his career.…
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Space-exploration Spac targeted by US watchdog in crackdown
Stable Road’s shares fell 10% on 14 July, after the US Securities and Exchange Commission charged the company, its space-exploration…
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Spacs take a backseat as traditional IPOs boom globally in second quarter
Listings of special purpose acquisition companies slowed in the second quarter with traditional initial public offerings booming worldwide, overtaking the…
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EU watchdog warns Spacs ‘not appropriate’ for everyone
The European Union’s markets watchdog has warned that investments in so-called blank cheque companies “may not be appropriate… for all”. The…
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KPMG UK books £115m profit from pensions business sale
KPMG UK made £115m from the sale of its pension business in a private equity-backed management buyout last year, latest accounts…
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The mega-buyout is coming back – to an industry near you
Size matters. That’s the mantra being chanted by private equity investment committees as they race to deploy their estimated $1.6tn war…
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Should I Go Solar Now? Here’s What Homeowners Should Consider
Residential solar is now a fact of life in all 50 states. Growing awareness of solar’s role in addressing climate…
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View: Why pension schemes are ripe for consolidation
The government’s two flagship policies — levelling up and net zero — require the same thing: oodles of private investment…
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President Biden’s Executive Order Opens New Front in Battle With Big Tech
WASHINGTON—President Biden’s sweeping new competition order targets big tech companies in ways that could fundamentally alter how they do business.…
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Citigroup leads $6bn Spac fee haul for investment banks
Investment banks have pulled in nearly $6bn in fees advising on blank-cheque companies in 2021, nearly double the record set…
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Spac backed by ex-Barclays chief Bob Diamond to take crypto firm Circle public in $4.5bn deal
Stablecoin tech firm Circle is to go public in a merger deal with a special purpose acquisition company that will…
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Biden to sign executive order that aims to rein in big business
President Joe Biden on Friday afternoon is slated to sign an executive order that seeks to rein in the power…
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Goldman Sachs names Kelleners as European M&A head
Goldman Sachs has promoted long-serving dealmaker Andre Kelleners to head of mergers and acquisitions for Europe, the Middle East and…
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Neighbourhood social media app Nextdoor plans for Spac merger
Nextdoor is merging with a special-purpose acquisition company to go public in a deal valuing the social-media network at roughly…
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KPMG restructuring spin-out Interpath in talks over US tie-up with Conway MacKenzie
KPMG restructuring spin-off Interpath has held early-stage talks with US restructuring business Conway MacKenzie in a bid to grow its…
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Digital asset manager CoinShares to manage blockchain ETF for Invesco
European digital asset investment firm CoinShares has bought an ETF index business that helps power blockchain-exposed trackers for global fund…
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Morrisons bidding war continues as Apollo weighs counter offer
Apollo Global Management said Monday it is considering making a bid for grocery chain WM Morrison Supermarkets, setting up a potential three-way…
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UK companies have never looked so attractive to American bargain hunters
When US private equity giant Clayton, Dubilier & Rice made a surprise £5.54bn cash offer for British supermarket chain Morrisons…
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Influential MP urges City to get behind Spacs boom
An influential MP has urged the City to back the boom in special purpose acquisition companies to avoid falling behind European…
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Zaoui brothers plan €300m European blank cheque company
Dealmaking brothers Yoël and Michael Zaoui are the latest high-profile bankers to launch a blank cheque company, with plans to list…
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