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Mergers & Acquisitions

Mergers & Acquisitions
The latest news, analysis and opinion on Mergers & Acquisitions. In-depth analysis, industry insights and expert opinion.
last updated:
9 September, 2024
Marshall, an audio, technology and design group, traces its roots back to 1962 in the UK. Photo: Handout

HongShan to acquire iconic audio brand Marshall for US$1.1 billion, sources say

The Stockholm-based company’s guitar amplifiers have been used by musicians such as Jimi Hendrix, Eric Clapton and Lana del Rey.

Elon Musk

Elon Musk sued by US SEC over delayed Twitter stake disclosure

European Union

Switzerland: UBS size worries former finance minister, must reduce risk

Banking & finance

Asia-Pacific loans poised for strong rebound in 2025 with M&A surge

The region’s loan volumes reached US$164 billion in the final three months of 2024 – the strongest fourth-quarter performance in three years.

M&A financing picked up in the fourth quarter of last year, with volumes almost doubling year on year to US$14 billion in Asia-Pacific excluding Japan. Photo: dpa
Switzerland

More records found linking Credit Suisse bank to Nazi accounts: US panel

Tens of thousands of documents are new proof of existence of account holders linked to the Nazis, Senate Budget Committee said on Saturday.

videocam
Alibaba

Alibaba set on growth path after divesting offline retailing assets: analysts

After disposing of Sun Art and Intime, an ‘asset-light’ Alibaba is expected to be in a better position to compete against e-commerce rivals.

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Alibaba

Alibaba sells retailer Sun Art for US$1.7 billion to refocus on e-commerce

Alibaba agreed to divest its entire stake in Sun Art Retail Group to Chinese private-equity firm DCP Capital.

The deal between Alibaba Group Holding and Chinese private equity firm DCP Capital was reached on December 31. Photo: Shutterstock
Banking & finance

China to spur mergers in US$1.6 trillion stockbroking sector: analysts

More government-led deals are likely to emerge in 2025 following the megamerger of Guotai Junan Securities and Haitong Securities.

Richard Li Tzar-kai

MetLife to buy Hong Kong tycoon Richard Li’s PineBridge in asset management push

New York-based insurer’s arm will pay US$800 million for PineBridge, which manages about US$100 billion in assets.

IPO

SPAC backed by Hong Kong investors readies US$150 million NYSE IPO

The SPAC is managed and backed by executives from Pacific Aegis Capital Management, Gobi Partners and Hermitage Capital.

The New York Stock Exchange is decorated and lit up for the holiday season. Photo: AFP
CK Hutchison

CK Hutchison’s Wind Tre unit faces Italian tax probe in €3.4 billion asset sale

The alleged evaded taxes would amount to about €132 million for 2022 on the sale of mobile phone towers, according to a document.

Italy’s finance police is investigating Wind Tre, the country’s third-biggest phone company, for alleged tax evasion. Photo: Shutterstock
Honda

Nissan and Honda may merge to take on larger rivals and EV makers

Honda is considering several options including a merger, capital tie-up or the establishment of a holding company, Executive Vice-President Shinji Aoyama said.

Banking & finance

China pushes M&A to build 10 hi-tech firms to be globally competitive by 2027

The industries in question include integrated circuits, biopharmaceuticals and new materials.

Banking & finance

China’s 2025 M&As may rise 15% as deals bottom out, UBS says

UBS says China M&A deal volume fell 10 per cent in November from a year earlier to US$297 billion.

Samson Lambert Lo of UBS. Photo: Aileen Chuang
China Mobile

China Mobile makes takeover bid for HKBN with US$1 billion offer

China Mobile has received undertakings from Canada Pension Plan Investment Board and US private equity firm TPG, which hold a combined 25 per cent stake.

Hong Kong Broadband Network (HKBN) is a takeover target for China Mobile and I Squared Capital. Photo: Sam Tsang,
Banking & finance

China M&A outlook calls for Hong Kong talent influx: Deutsche Bank Asia head

The need to refinance and enter new markets is very high on the radar of mainland firms, says Alexander von zur Muehlen.

Banking & finance

Chinese M&A activity seen rising amid Trump tariff threat

‘More tariffs may mean that the globalisation of Chinese companies is going to get faster,’ Deloitte analyst says.

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China stock market

China’s largest brokerage emerges from Guotai Junan-Haitong merger

Haitong’s shareholders will be able to swap their shares for Guotai Junan stock or receive cash in lieu.

Guotai Junan Securities and Haitong Securities announced the details of their merger plan on Friday. Photo: Shutterstock
China Mobile

China Mobile in talks to buy broadband service provider HKBN

HKBN says its board received a proposal for a cash bid from China Mobile.

Biomedicine: Companies

Germany’s BioNTech buys Biotheus in US$800 million push into cancer drugs

BioNTech says deal will support its push into the development of cancer drugs using its proven mRNA technology.

IPO

First overseas company listing in Hong Kong via SPAC marks historic milestone

Synagistics starts trading under the 2562 stock code on Wednesday after combining its business with Hong Kong Acquisition Corporation.

In Hong Kong, a SPAC needs to raise at least HK$1 billion. Photo: Winson Wong
China technology

Oppo enters tech pact with top EV maker BYD, acquires AI start-up

The latest initiatives by Oppo show its ambition to diversify and expand its business beyond the smartphone industry.

Oppo expects to roll out generative artificial intelligence functions to its 50 million smartphone users by the end of this year. Photo: Shutterstock
Semiconductors

Qualcomm’s bid to buy Intel hinges on US election, China scrutiny

Qualcomm, which has made informal inquiries with Chinese regulators, could wait until January to make a decision, sources say.

Singapore

Singapore blocks Income’s deal with Allianz amid ‘structure, terms’ concerns

Prime Minister Lawrence Wong says the government remains open to a new deal if the concerns are fully addressed.

India

Air India faces growth challenges as Ratan Tata’s death highlights legacy issues

The flag carrier has placed huge orders to expand its fleet and is in the process of merging with full-service airline Vistara.

An Air India aircraft, owned by the Tata Group, is seen parked against a double rainbow formed over Charles de Gaulle Airport in Paris, France. Photo: AP
Banking & finance

China Renaissance names missing founder’s wife to chair investment bank

Hui Yin-ching, also known as Xu Yanqing, was designated as the chairperson of the bank’s board and executive director effective October 9, Renaissance said.

China Renaissance’s founder Bao Fan and his wife Hui Yin-ching during the 2018 Breakthrough Prize at NASA Ames Research Center on December 3, 2017 in Mountain View, California. Photo: Getty Images.
Hong Kong

Exclusive | Dubai’s DP World eyes mainland China market with Hong Kong acquisition

The UAE ports firm aims to leverage its acquisition of Cargo Services Far East to enhance logistics, connect Chinese products globally and expand in Africa.

Video gaming

Assassin’s Creed publisher Ubisoft reviews ‘options’ amid Tencent buyout report

France’s largest video gaming firm, which has long been seen as a takeover target, declined to comment on Tencent’s reported buyout interest.

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