acquisitions
- Finance
FCA puts size limit on UK Spacs as investors are in line for greater protections
Investors must be allowed to exit a special purpose acquisition company early if it wants to benefit from a smoother regulatory…
Read More » - Finance
$30bn merger between Aon and Willis Towers Watson axed
Aon and Willis Towers Watson said they have agreed to terminate their roughly $30bn deal and end litigation with the Justice Department, which alleged…
Read More » - Finance
Starling Bank makes first acquisition with £50m deal for mortgage lender
Starling Bank agreed to acquire a buy-to-let specialist mortgage lender in a £50m deal, marking the fintech firm’s first acquisition…
Read More » - Tech
A Space Company’s Wall Street Launch Misfires
WASHINGTON—A space-transportation company trying to go public didn’t tell potential investors that its satellite-hauling technology failed, that it lost contact…
Read More » - Tech
The We That Didn’t Work at WeWork
Adam Neumann and Masayoshi Son were negotiating a possible $20 billion check when Mr. Son pulled up an image of…
Read More » - Finance
Meet the latest IPO fad: Grills
The searing market for newly public companies has a new obsession: grills. Two leading sellers of outdoor grills and grilling…
Read More » - Finance
Can Spacs conquer the world of wealth management?
While the boom in special purpose acquisition companies may well be tailing off slightly, market watchers are still waiting for…
Read More » - Tech
AT&T Lifts Revenue Expectations on Wireless Growth
AT&T Inc. said its core telecommunications profits are growing even as its Hollywood footprint is about to shrink, underscoring its…
Read More » - Tech
Uber’s Freight Unit to Buy Logistics Tech Firm Transplace for $2.25 Billion
Uber Technologies Inc.’s Freight unit is buying technology-focused logistics services provider Transplace in a cash and stock deal worth about…
Read More » - Finance
Goldman loses European dealmaker as boutiques circle prestige banks
Goldman Sachs executive director Benjamin Rouach is set to join boutique advisory firm Fenchurch, Financial News has learned. Rouach will start…
Read More » - Finance
View: How lockdown proved the M&A defeatists wrong
“Everything ground to a halt, full stop,” recalls an M&A adviser as the pandemic struck. When global lockdowns came into effect…
Read More » - Finance
Wealth manager Wren Sterling confirms sale talks
Wealth manager Wren Sterling’s sale talks have ended with a management buyout. A number of bidders were vying for the…
Read More » - Finance
UBS dealmakers’ fees surge by 70% as trading boom ebbs
UBS’s investment bank brought in fees nearly 70% ahead of last year during the second quarter, due to a surge…
Read More » - Tech
WSJ News Exclusive | Comcast CEO Brian Roberts and ViacomCBS Chairman Shari Redstone Met to Discuss Streaming Partnership
Comcast Corp. Chief Executive Brian Roberts met with ViacomCBS Inc. Chairman Shari Redstone in recent weeks to discuss a potential…
Read More » - Tech
IBM’s Revenue Rises for Second Straight Quarter
International Business Machines Corp. showed progress in delivering on Chief Executive Arvind Krishna’s commitment to revive growth, posting a second…
Read More » - Market
IBM stock gains after earnings show second consecutive quarter of sales growth
International Business Machines Corp. reported revenue growth for a second consecutive quarter Monday afternoon, beating expectations and sending shares higher…
Read More » - Finance
Bill Ackman’s Spac is ditching the deal to acquire a 10% stake in Universal Music
Pershing Square Tontine Holdings, a blank-cheque company led by hedge-fund manager William Ackman, said it won’t proceed with its proposed…
Read More » - Tech
Australia Seeks to Block China With Stake in Pacific Mobile Networks
The Australian government plans to provide most of the financing for the acquisition of mobile networks in six Pacific nations,…
Read More » - Finance
Italy’s luxury house brand Zegna to go public via US Spac
Italian luxury house Ermenegildo Zegna will go public on the New York Stock Exchange later this year as part of…
Read More » - Tech
Zoom to Buy Five9 in All-Stock Deal Valued at $14.7 Billion
Zoom Video Communications Inc., the videoconferencing service that became a household name globally during the pandemic, plans to parlay some…
Read More » - Tech
3-D Printing Company Fathom Reaches $1.4 Billion SPAC Deal to Go Public
Fathom Digital Manufacturing Corp. is combining with a special-purpose acquisition company to go public in a deal that values the…
Read More » - Tech
Intel CEO’s Chip-Building Plan Has a $50 Billion-Plus Price Tag
Less than six months into the job, Intel Corp. INTC -1.51% Chief Executive Officer Pat Gelsinger’s approach to reviving the…
Read More » - Tech
Lordstown Motors Discloses Justice Department Investigation as Truck Launch Looms
Electric-truck startup Lordstown Motors Corp. RIDE -3.94% confirmed the Justice Department is probing its business, investigating matters related to its…
Read More » - Finance
US law firm boosts pay for first year London lawyers to $200,000
Wall Street law firm Milbank has ramped up pay for first year lawyers in London to $200,000 amid a mergers…
Read More » - Finance
IHS Markit’s Lance Uggla: ‘The phone rang — it was S&P Global’
Towards the end of last year, Lance Uggla was on the verge of striking the biggest deal of his career.…
Read More » - Entrepreneurs
Is the SPAC Boom Dead?
Special-purpose acquisition companies seem to be entering a slow period. Is the end here, or is it just a glitch?…
Read More » - Finance
Crypto and FX firm LMAX valued at $1bn after JC Flowers stake
Cryptocurrency and FX exchange LMAX Group has received a valuation of $1bn, after selling a 30% stake in the company…
Read More » - Finance
Space-exploration Spac targeted by US watchdog in crackdown
Stable Road’s shares fell 10% on 14 July, after the US Securities and Exchange Commission charged the company, its space-exploration…
Read More » - Finance
Spacs take a backseat as traditional IPOs boom globally in second quarter
Listings of special purpose acquisition companies slowed in the second quarter with traditional initial public offerings booming worldwide, overtaking the…
Read More » - Finance
EU watchdog warns Spacs ‘not appropriate’ for everyone
The European Union’s markets watchdog has warned that investments in so-called blank cheque companies “may not be appropriate… for all”. The…
Read More » - Market
These 8 low-profile electric-vehicle stocks can soar after bold new climate plan unveiled, analysts say
The European Union has unveiled one of the world’s most ambitious plans to tackle climate change in a program that…
Read More » - Finance
KPMG UK books £115m profit from pensions business sale
KPMG UK made £115m from the sale of its pension business in a private equity-backed management buyout last year, latest accounts…
Read More » - Finance
The mega-buyout is coming back – to an industry near you
Size matters. That’s the mantra being chanted by private equity investment committees as they race to deploy their estimated $1.6tn war…
Read More » - Health
Should I Go Solar Now? Here’s What Homeowners Should Consider
Residential solar is now a fact of life in all 50 states. Growing awareness of solar’s role in addressing climate…
Read More » - Finance
View: Why pension schemes are ripe for consolidation
The government’s two flagship policies — levelling up and net zero — require the same thing: oodles of private investment…
Read More » - Tech
President Biden’s Executive Order Opens New Front in Battle With Big Tech
WASHINGTON—President Biden’s sweeping new competition order targets big tech companies in ways that could fundamentally alter how they do business.…
Read More » - Finance
Citigroup leads $6bn Spac fee haul for investment banks
Investment banks have pulled in nearly $6bn in fees advising on blank-cheque companies in 2021, nearly double the record set…
Read More » - Finance
Spac backed by ex-Barclays chief Bob Diamond to take crypto firm Circle public in $4.5bn deal
Stablecoin tech firm Circle is to go public in a merger deal with a special purpose acquisition company that will…
Read More » - Market
Biden to sign executive order that aims to rein in big business
President Joe Biden on Friday afternoon is slated to sign an executive order that seeks to rein in the power…
Read More » - Finance
Wise goes public in £8bn London direct listing
Fintech firm Wise has begun trading on the London Stock Exchange at £8 per share, valuing the company at £8bn.…
Read More » - Market
Amazon stock rides to record as JEDI deal gets canceled on new CEO’s first day
Amazon.com Inc. shares notched their first record close in more than 10 months Tuesday, when a new chief executive was…
Read More » - Market
Pentagon abruptly cancels $10 billion JEDI cloud contract
The Defense Department on Tuesday abruptly canceled a 10-year, $10 billion cloud-computing contract it awarded to Microsoft Corp., which had…
Read More » - Finance
Goldman Sachs names Kelleners as European M&A head
Goldman Sachs has promoted long-serving dealmaker Andre Kelleners to head of mergers and acquisitions for Europe, the Middle East and…
Read More » - Finance
Neighbourhood social media app Nextdoor plans for Spac merger
Nextdoor is merging with a special-purpose acquisition company to go public in a deal valuing the social-media network at roughly…
Read More » - Market
AMC stock bounces after deciding not ask stockholders to issue more shares
Shares of AMC Entertainment Holdings Inc. bounced Tuesday, after the movie theater chain disclosed that it will no longer ask…
Read More » - Finance
KPMG restructuring spin-out Interpath in talks over US tie-up with Conway MacKenzie
KPMG restructuring spin-off Interpath has held early-stage talks with US restructuring business Conway MacKenzie in a bid to grow its…
Read More » - Finance
Digital asset manager CoinShares to manage blockchain ETF for Invesco
European digital asset investment firm CoinShares has bought an ETF index business that helps power blockchain-exposed trackers for global fund…
Read More » - Finance
Morrisons bidding war continues as Apollo weighs counter offer
Apollo Global Management said Monday it is considering making a bid for grocery chain WM Morrison Supermarkets, setting up a potential three-way…
Read More » - Finance
UK companies have never looked so attractive to American bargain hunters
When US private equity giant Clayton, Dubilier & Rice made a surprise £5.54bn cash offer for British supermarket chain Morrisons…
Read More » - Market
Torrid IPO: 5 things to know about the plus-size retailer as it hits public markets
Shares of Torrid Holdings Inc., which says it’s North America’s largest direct-to-consumer provider of women’s plus-size clothing and intimates by…
Read More »
