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Business

Disney to pay almost $439 million to complete Hulu streaming purchase

The deal, hindered by a disagreement over the value of the Hulu stake, now means that Disney will own all of the streaming service.

Business

L’Oréal acquires a majority stake in British skincare brand Medik8

The acquisition is the latest addition to L’Oréal’s skincare portfolio, as the beauty giant seeks to cash in on the dermocosmetics boom.

Business

Mediobanca launches bid for Banca Generali as M&A flurry intensifies

The offer comes as Mediobanca itself is fighting off a hostile takeover bid from smaller rival MPS.

Business

Belgian insurer Ageas acquires UK’s Esure from Bain Capital for €1.5bn

The deal will create the third largest motor and home insurer in the UK.

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Business

France’s Crédit Agricole gains ECB nod to raise stake in Banco BPM

The green light comes as Italian bank UniCredit prepares to launch a buyout offer for Banco BPM, which could be complicated by CA’s stake.

Business

Prada sales soar as it eyes Versace acquisition despite luxury crunch

Robust earnings place the brand in a stronger position to acquire Versace from Capri Holdings.

Business

Shares soar in Just Eat Takeaway.com as Prosus announces acquisition

Prosus already holds stakes in food delivery operations in India, South America, and Southeast Asia.

Business

Italy’s UniCredit beats profit estimate as it continues takeover drive

The bank reported higher-than-expected profit but forecasts a modest revenue slowdown in the year ahead as net interest income falls.

Business

Sabadell Bank raises shareholder payout promise as BBVA eyes takeover

The Spanish lender aims to offer shareholders €3.3 billion, including more than €1bn in buybacks this year.

Business

Vodafone EU chief: Telecoms barriers can't just be blamed on Brussels

The EU is failing to support large telecoms firms, says one of Vodafone's senior directors, adding that Brussels isn't the prime target for blame.

Business

UniCredit dives in to take minority stake of Italian insurance group

UniCredit has been involved recently in a flurry of dealmaking activity, including a bid for Banco BPM and a raised stake in Commerzbank.

Business

Commerzbank announces share buyback and record earnings

The update comes as the bank is fending off a takeover from Italy’s UniCredit.

Business

Italy’s oldest bank makes multi-billion takeover bid for Mediobanca

The deal could potentially help both Monte dei Paschi and Mediobanca maintain a robust capital position, as well as deliver profits.

Business

IAG emerges as major contender for stake in Portuguese airline TAP

A number of aviation firms, including Lufthansa and Air France-KLM, have also shown interest in the Portuguese carrier but BA owner, IAG, is widely viewed by analysts as the frontrunner.

Business

Sabadell considers move back to Catalonia as BBVA takeover bid looms

The bank did not give a reason for the potential relocation, although it has previously stressed its importance to the Catalan economy.

Business

Getty Images announces merger with rival content firm Shutterstock

The union of the two major content firms comes as artificial intelligence is shaking up the image market.

Markets

US Steel and Nippon file lawsuit after Biden blocks merger deal

The firms accuse the Biden administration of blocking the merger for "purely political reasons".

Economy

Banking mergers are hot - but cross-border deals still face hurdles

High interest rates have allowed banks to build cash reserves for takeovers, although national concerns could be hindering pan-European deals.

Business

Nissan's shares soar on news of potential tie-up with Honda

Japanese car makers Nissan and Honda have confirmed they are in discussion about closer collaboration but denied reports they are to merge.

Business

Germany’s Zalando to acquire rival fashion retailer About You

Zalando says the deal will help it to build a pan-European e-commerce platform.