(Bloomberg) -- Volkswagen AG confirmed it’s considering an acquisition of a majority stake in Europcar Mobility Group to expand its offerings of mobility services.Discussions are at an early stage and no decisions have been taken, VW said in an emailed statement Thursday, a day after Bloomberg News first reported the carmaker had made a 2.2 billion-euro ($2.6 billion) bid together with Attestor Ltd. and Pon Holdings BV. Europcar rejected an initial non-binding offer and there’s no certainty a de
(Bloomberg) -- McKesson Corp. is in talks to sell its European operations, including a sprawling drug distribution business and Britain’s Lloyds Pharmacy chain, in a move that would reverse its $8.3 billion purchase of Celesio AG in 2014, people with knowledge of the matter said.The U.S. company is negotiating a sale of its continental European unit to the billionaire Merckle family’s Phoenix Group, the largest German pharmaceutical wholesaler, the people said. It is also in discussions to offlo
Diversified financial services company Farmers National Banc (FMNB) has signed an agreement to acquire Cortland Bancorp, the holding company of The Cortland Savings and Banking Company. The transaction is likely to close in the fourth quarter of 2021. Following the news release, shares of the company plummeted 5.2% in Wednesday’s trading session. However, they recovered modestly and closed at $16.10 in the extended trading session. As per the terms of the agreement, each shareholder of Cortland
BuzzFeed announced today that it will become publicly listed via a merger with 890 Fifth Avenue Partners Inc., a publicly-traded special purpose acquisition company (SPAC), which holds $288 million in...
Journey Energy Inc. (TSX; JOY) (OTCQX: JRNGF) ("Journey" or the "Company") reports that it has today entered into a definitive agreement for the acquisition of a private company.
Months after calling off its $5.3 billion deal for Plaid in the face of antitrust pushback, Visa Inc. is seeking to deepen its involvement with a similar kind of technology through a new acquisition.
William Ackman, whose blank check acquisition company struck a deal to buy 10% of Universal Music Group (UMG) last week, is exploring options to increase his stake in the music label and already pushing ahead with his next deal, he told investors on Wednesday. The billionaire investor who runs hedge fund Pershing Square Capital Management and who raised the biggest-ever special purpose acquisition company (SPAC) nearly a year ago, described UMG as an "incredibly iconic, super durable business," and said he hoped for a U.S. listing for the world's biggest music label in the future.
LONDON (Reuters) -Visa Inc said on Thursday it had agreed a 1.8 billion euro ($2.2 billion) takeover of European open banking platform Tink, months after it ditched a planned acquisition of the startup's U.S. rival Plaid. Founded in 2012, Sweden-based Tink enables banks and other financial firms to share and access consumer financial data more easily. It is used by more than 3,400 banks and other institutions, as well as over 250 million customers in Europe.
(Bloomberg) -- BuzzFeed Inc., the digital-media outlet, has struck a deal to go public through a merger with blank-check company 890 5th Avenue Partners Inc.The deal values BuzzFeed at $1.5 billion, according to a statement Thursday.The agreement, which comes after months of negotiations, confirms a Bloomberg News report in March that the parties were in talks.As part of the deal, BuzzFeed also agreed to acquire youth-focused media company Complex Networks from Hearst Corp. and Verizon Communica
Shares of the California-based company, Roku, Inc., (ROKU), surged 4.5% to close at $421.70 on June 23, after a report of Comcast (CMCSA) CEO Brian Roberts’ comments kindled speculation of a potential acquisition of Roku or a merger with ViacomCBS (VIAC). The comment also lifted shares of ViacomCBS up by 2.8% to close at $45.68, while shares of Comcast dropped 3.7% to close at $55.48. According to Barron’s, a source close to the CEO mentioned that Roberts was considering a deal with either of th
Brunswick Corporation (BC) inked a deal to acquire Navico, a global leader in marine electronics and sensors, for $1.05 billion. The deal will strengthen Brunswick’s leadership position in marine technology and the global Parts & Accessories business. Brunswick Corporation develops, manufactures, and markets a wide variety of products for the recreational marine market. Shares of the company have jumped 57% over the past year. Based in Egersund, Norway, Navico is a privately held company that pr
Publicly traded Cryptology was already one of Block.one's largest backers. It now has a holding of about 4.9%.
Video game giant Electronic Arts is continuing to make M&A moves as it looks to bulk up its presence in the mobile gaming world. Fresh off the $2.4 billion acquisition of Glu Mobile this past April, their biggest purchase to date, Electronic Arts announced Wednesday that they are buying Warner Bros. Games’ mobile gaming studio Playdemic for $1.4 billion in an all-cash deal. The rather ominously named startup is being jettisoned to its new home ahead of the $43 billion WarnerMedia-Discovery deal where the rest of the Warner Bros. Games division will live post-merger.
The transaction, which covers eBay’s G-Market, IAC, and G-9 units, is expected to close by year-end or early 2022, subject to regulatory approvals.
The news comes just a month after the announcement of Bullish's launch.
Electronic Arts (EA) has reached a $1.4 billion deal to acquire AT&T (T) and WarnerMedia's mobile game studio Playdemic. The acquisition aligns with the company's sports mobile growth strategy focused on delivering exciting experiences to half a billion players worldwide. Playdemic will be a significant addition, expected to bolster Electronic Art's portfolio of offerings in some of the fastest-growing genres. The WarnerMedia unit is best known for the award-winning game Golf Clash, which has wi
The broadband and cable company, which owns NBCUniversal, sticks with its marriage of content and delivery, though AT&T has reversed course. Another question facing CEO Brian Roberts is whether to build or buy to reach the company’s goal.
BuzzFeed's plan to go public includes an acquisition with an eye towards a younger audience and a bid to open up other revenue streams and rely less on advertising.
Brunswick Corporation (NYSE: BC) has agreed to acquire Navico, a specialist marine electronics company, for $1.05 billion. Brunswick will be using a combination of debt and cash on its balance sheet to fund the acquisition. Brunswick held $488.9 million in cash and equivalents as of April 3, 2021. The deal is expected to close in the second half of 2021. As a result of this acquisition, Brunswick will add Lowrance, Simrad, B&G, and C-MAP to its Advanced Systems Group (ASG). Navico is a privately
(Bloomberg) -- Visa Inc. has agreed to buy Swedish open-banking platform Tink AB as the payment giant looks to expand beyond its card network.San Francisco-based Visa said it will pay a total of 1.8 billion euros ($2.15 billion) -- including cash and retention incentives -- to acquire the fintech firm, according to a statement Thursday.Banks and startups use Tink to access consumer financial data. The startup was founded in Stockholm in 2012 and it has about 400 employees, with technology that c