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Mergers and acquisitions

Business

Germany's Delivery Hero backs €13 billion takeover by Uber

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Business

EasyJet rejects €5.9bn takeover offer from US private equity firm

British no-frills airline EasyJet has rejected three informal takeover proposals from a US private equity firm, the latest totalling nearly €5.9bn (£5 billion), the two sides revealed on Monday.

Business

The Ray-Ban heir who wants to buy out his own family from the brand

An heir to the Ray-Ban fortune has gone public with a direct appeal to his family's holding company, urging it to support his multi-billion-euro plan to buy out two of his siblings just days before a decisive shareholder vote.

Markets

SpaceX overtakes Amazon to become world's fifth most valuable firm

Just three trading days after its record IPO, SpaceX has leapfrogged Amazon to become the world's fifth most valuable listed company, with its shares briefly carrying it past Microsoft during a frenetic Tuesday session.

Business

Germany blocks UniCredit bid for Commerzbank but the share price soars

The federal government, which holds 12% of the shares, has rejected the Italian bank’s bid for the German lender, calling it aggressive and hostile. UniCredit soars on the stock market as the Frankfurt prosecutor investigates alleged market manipulation.

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Business

SpaceX buys coding startup Cursor for $60bn in major AI push

SpaceX has agreed to acquire Anysphere, the company behind the popular AI coding tool Cursor, in an all-stock deal valuing the startup at $60 billion (€51.7bn), just days after Elon Musk's firm had a record-breaking IPO.

Business

Germany formally rejects UniCredit's €39bn Commerzbank offer

Germany has officially rejected UniCredit's offer for Commerzbank and said it supports the lender's independence.

Business

Fox buying streaming platform Roku in €19.1bn cash-and-stock deal

Fox Corp. is buying streaming platform Roku in a cash-and-stock deal valued at approximately $22 billion (around €19.1bn).

World News

SOCAR finalises Italiana Petroli takeover after EU approval

SOCAR has completed its acquisition of Italiana Petroli after securing all regulatory approvals, marking a major expansion of its downstream presence in Italy and strengthening its position in Europe’s energy market.

Business

Lufthansa to take control of ITA Airways in €325mn deal

Lufthansa, one of Europe's top airlines, announced Tuesday its intention to expand its current minority stake in Italy's ITA Airways to 90%.

Business

GameStop launches $56 billion takeover bid for e-commerce giant eBay

The gaming retailer GameStop has launched a surprise $56 billion (€47.8bn) bid to acquire the online marketplace eBay, marking a potential aggressive expansion into global e-commerce.

Business

Mega elevator deal: Finland's KONE buys German rival TKE for €29.4bn

Finnish lift maker Kone nearly doubles its size in what the Finnish media described as the largest corporate acquisition ever carried out in Finland.

Culture news

Hollywood reacts as shareholders approve Paramount takeover of Warner

The $111 billion deal that would see Paramount Skydance take over Warner Bros. Discovery took another step closer to reality after WBD shareholders voted in favour of the merger. This has only amplified the opposition to the controversial deal...

Culture news

‘Block the merger’: Hollywood A-listers vs Paramount-Warner deal

More than 1,000 film and TV stars and creatives, including Joaquin Phoenix, Emma Thompson and Javier Bardem, issued an open letter opposing Paramount Skydance’s pending acquisition of Warner Bros. Discovery.

Business

Bill Ackman proposes €56 billion acquisition of Universal Music Group

Billionaire investor Bill Ackman has proposed a €56 billion deal to merge Universal Music Group with a US acquisition vehicle, delivering shareholders a 78% premium and a potential New York Stock Exchange listing.

Business

Unilever and McCormick near mega deal to create a food giant

Unilever said Tuesday it had agreed a multibillion-dollar deal with US spices maker McCormick & Company to spin off most of the British group's food business, which is currently valued at $44.8bn (€38.95bn).

Business

Estée Lauder and Puig in talks to create potential €35bn beauty giant

Estée Lauder has confirmed merger talks with Spain’s Puig as it looks to strengthen its position in fragrances and reverse a prolonged sales decline.