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Mergers & Acquisitions

Ugur Sahin, CEO and co-founder of BioNTech. Photo: Reuters

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.

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

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

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.

The Qualcomm headquarters in San Diego, California. Photo: The San Diego Union-Tribune/TNS

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.

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.

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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.

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.

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.

Japanese hotels a magnet for Hong Kong investors to diversify, mitigate risks

Japan’s low interest rates and booming tourism are attracting investors like the Chiu family and Dorsett Hospitality International.

The night shopping street at Dotonbori, a famous destination for tourists in Osaka. Photo: Shutterstock

Tencent, Guillemot family said to eye buyout of French video gaming firm Ubisoft

Shares of Ubisoft, in which Tencent has a direct stake, have fallen about 40 per cent this year amid weaker-than-expected sales.

Some minority shareholders have been pushing for either a take-private or a sale of Ubisoft to a strategic investor amid the firm’s stock-price plunge. Photo: Shutterstock

China’s JCET buys Shanghai plant of US flash memory maker SanDisk

The US$624 million deal is expected to enlarge JCET’s share in China’s data storage market.

Intel rebuffs Arm after British firm asked to buy US chip maker’s product unit

In the high-level inquiry, Arm did not express interest in Intel’s manufacturing operations.

Will new policy encourage Chinese banks to invest in struggling start-ups?

Beijing’s encouragement for banks to boost investment in unlisted companies is a big move in the effort to support start-ups, analysts say.

Li Yunze, director of the National Administration of Financial Regulation. Photo: Reuters

Chinese regulator urges listed firms to revamp assets, boost market value

CSRC details policies including fast-track approval for M&A activity by large firms as it looks to burnish the stock market’s appeal.

People photograph a bull sculpture along the Bund in Shanghai on September 12, 2024. Photo: Bloomberg

China’s Fosun in talks to sell stake in Club Med to Singapore’s CapitaLand

The firm, part of Temasek Holdings-owned conglomerate CapitaLand Group, seeks to acquire from 20 to 30 per cent of the hotelier.

PwC invests in ‘high quality’ business to survive in China after fine

PwC Zhong Tian was hit with a six-month suspension and a fine of 441 million yuan on Friday over the firm’s audit of failed property developer China Evergrande Group.

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UK watchdog shows Vodafone-Three merger a path forward despite concerns

Vodafone’s US$19.7 billion deal for the network owned by Li Ka-shing’s CK Hutchison Holdings would create the UK’s largest carrier.

Branding hangs outside a Vodafone shop in Oxford, UK. Photo: Reuters

US private-equity firm invests in Chinese-owned personal care brand Stenders

Investment firm says now is a good time to lean into China’s consumer sector amid lower competition and valuations.

China’s top state-backed brokers are merging to take on Wall Street

State-backed brokerages Guotai Junan and Haitong Securities are merging to create a firm with US$237 billion in assets to rival Wall Street.

Biden close to blocking Nippon Steel deal to buy US Steel, insiders say

US Steel warns that a failure of the US$14.9 billion acquisition will put thousands of American union jobs at risk.

The US Steel Mon Valley Works Clairton Plant in Pennsylvania. Photo: AP

Alibaba-backed e-wallet operator buys Ant Bank Macao

The acquisition makes Ant Bank Macao an indirect subsidiary of AGTech, while Ant Group remains the bank’s second-largest shareholder.

Signage for Ant’s Alipay payment system. Photo: Bloomberg

CSC Holdings to buy stake in Philippine bank for US$13 million

Hong Kong-listed CSC Holdings, chaired by former Hang Seng Bank CEO Raymond Or Ching-fai, will buy a stake in CS Bank of the Philippines for US$13 million.

Melco chairman’s Black Spade Capital lists second SPAC on Nasdaq

Black Spade Acquisition II will use the IPO proceeds to combine with targets in the entertainment, lifestyle and technology industries, particularly those related to AI.

Guosen plans to buy Vanho, heeding China’s call to combine brokers

Shenzhen’s regulator of state-owned assets pushes move under Beijing’s effort to create bigger firms to compete with global leaders.

Investors monitor stock price movements at a securities company in Shanghai on September 24, 2021. Photo: AFP

Why 7-Eleven owner’s buyout would be a watershed moment for Japanese takeovers

Any attempt to acquire a well-known Japanese business would have been dismissed as audacious and unlikely, but the tide may be turning as new corporate guidelines inject more vigour into corporate Japan.

Seven & i Holdings, which operates 85,000 7-Eleven outlets worldwide, is the takeover target of Canada-based Alimentation Couche-Tard. Photo: Dickson Lee

AMD to buy server maker in US$4.9 billion challenge to Nvidia

AMD has its sights set on Nvidia, the runaway leader in the market for data centre gear needed to support AI computing.

Regulatory, geopolitical uncertainties cloud M&A in China: Deloitte

Investors are not sure about the economy, confidence is not high and they want the Chinese government to take steps to drive growth, Deloitte’s Stanley Lah says.

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Mergers & Acquisitions
The latest news, analysis and opinion on Mergers & Acquisitions. In-depth analysis, industry insights and expert opinion.
last updated:
9 September, 2024
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