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Mergers and acquisitions

Business

Paramount and Warner Bros merge to form Hollywood giant Skydance

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Business

Who is Stellantis and why did it recall nearly 1 million cars?

The world's fourth-largest carmaker is recalling nearly 1 million vehicles — its third major safety campaign this year.

Business

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

German food delivery giant Delivery Hero said it supports Uber's €13 billion takeover offer, which would significantly expand the US ride-hailing company's global food delivery network.

Business

EasyJet backs Apollo's £5.7bn takeover bid over Castlelake

The budget airline easyJet has swung behind a £5.7 billion (€6.6bn) takeover proposal from the US private equity giant Apollo, abandoning its support for a rival American bidder days after agreeing to that offer.

Business

Sky agrees to buy British broadcaster ITV for up to £1.6 billion

The two British media businesses are set to come under one roof, as ITV has agreed to sell its broadcasting and streaming business to Sky for up to £1.6bn (€1.87bn), in a deal that would create a major new competitor to global streaming platforms.

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Business

EasyJet shares jump 10% as board backs Castlelake takeover proposal

The budget airline said it has reached ‘an agreement in principle’ with US investment firm Castlelake.

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.

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.