Mergers and Acquisitions Acquisitions

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  • Alibaba's big buy

    CNBC's Susan Li looks at Alibaba's $1 billion investment in Southeast Asian online retailer, Lazata.

  • BEIJING/ BENGALURU, April 12- Alibaba Group Holding Ltd has agreed to buy a controlling stake in Southeast Asian online retailer Lazada Group for about $1 billion, its biggest deal overseas, as the Chinese ecommerce giant seeks fertile new turf while growth slows at home. Lazada, founded by Germany's Rocket Internet in 2012, is headquartered in Singapore and...

  • BEIJING/ BENGALURU, April 12- Alibaba Group Holding Ltd said on Tuesday it has agreed to buy a controlling stake in Southeast Asia online retailer Lazada Group for about $1 billion, its biggest deal overseas, as the Chinese e-commerce giant seeks fertile new turf while growth slows at home. Lazada, founded by Germany's Rocket Internet in 2012, is headquartered in...

  • Signage for 1Malaysia Development Bhd. (1MDB) is displayed at the site of the Tun Razak Exchange (TRX) project in Kuala Lumpur, Malaysia.

    Abu Dhabi's wealth fund said a subsidiary never received $3.5 billion that troubled 1MDB sent to a British Virgin Islands firm with a similar name.

  • SAO PAULO, April 11- Brazil's BM&FBovespa SA is arranging loan financing to fund its 12.9 billion reais takeover of rival Cetip SA Mercados Organizados as both companies agreed to form a giant financial exchange with a presence from Mexico to Chile. BM&FBovespa Chief Executive Officer Edemir Pinto, who will run the combined entity, declined to elaborate on the...

  • SAO PAULO, April 11- BM&FBovespa SA is currently arranging loan financing for the acquisition of rival Cetip SA Mercados Organizados, a deal that could cost Brazil's largest financial exchange up to 12.9 billion reais, mostly in cash. BM&FBovespa Chief Executive Officer Edemir Pinto said on Monday the deal will create "billions of reais" in cost savings in back...

  • SAO PAULO, April 8- BM&FBovespa SA, Latin America's largest financial bourse, took over rival Cetip SA Mercados Organizados in a transaction valued at almost 12 billion reais, creating a giant with growing presence in regional financial markets spanning from Mexico to Chile. Cetip is Latin America's largest depositary of financial securities with a vast...

  • SAO PAULO, April 8- BM&FBovespa SA, Latin America's largest financial bourse, will buy rival Cetip SA Mercados Organizados, creating a giant with a market value of over $11 billion and growing regional presence spanning from Mexico to Chile. Under terms of a revamped, unsolicited offer unveiled on Friday, BM&FBovespa agreed to pay Cetip shareholders 30.75 reais...

  • CHICAGO/ WASHINGTON, April 8- The U.S. Justice Department on Friday urged a regulator to reject a voting trust Canadian Pacific Railway Ltd has proposed as part of its takeover bid for Norfolk Southern Corp, saying it could hurt competition and would violate rules. In mid-November, CP disclosed a $28 billion offer for Norfolk, Virginia- based company, which has...

  • *European pharma shares gain after Pfizer/Allergan deal collapse. LONDON, April 8- In a drug sector awash with cash, even U.S. government moves to call time on an acquisition boom aren't dousing hopes for more takeover deals as companies look to expand. Treasury set out regulations this week to curb tax-avoiding corporate "inversions," resulting in the collapse of...

  • April 8- NXP Semiconductors NV is considering a sale of its standard products business and has received interest from Chinese buyers, Bloomberg reported on Friday, citing sources familiar with the matter. NXP, whose shares were up about 3 percent in early U.S. trading, may seek at least $2 billion for the unit, which makes semiconductor parts used in consumer...

  • April 8- NXP Semiconductors NV is considering a sale of its standard products business and has received interest from Chinese buyers, Bloomberg reported on Friday, citing sources familiar with the matter. NXP, whose shares were up about 2.5 percent in U.S. premarket trading, may seek at least $2 billion for the unit, which makes semiconductor parts used in...

  • CHICAGO, April 7- The U.S. military on Thursday raised concerns with a federal rail regulator over the voting trust Canadian Pacific has proposed as part of its takeover bid for Norfolk Southern and said the deal could adversely affect the country's national defense. In a letter to the U.S. Surface Transportation Board dated April 7, the Department of Defense...

  • *Has informal agreements with Sky and Virgin Media- sources. BRUSSELS/ LONDON, April 7- CK Hutchison Holdings has agreed to strike network-sharing deals with British pay TV company Sky and Virgin Media to head off EU regulatory concerns over its planned takeover of O2, three people familiar with the matter said. Hutchison has moved to counter regulatory concerns...

  • NEW YORK/ LONDON April 7- If 2015 was a dream year for Wall Street's top dealmakers, 2016 is starting to take a nightmarish turn. Some of the mega transactions that had champagne corks popping in boardrooms are running into antitrust problems and, in the case of pharmaceutical firm Pfizer Inc's $160 billion takeover of rival Allergan PLC, political opposition to a...

  • HONG KONG/ NEW YORK, April 7- Apex Technology Co Ltd, a Chinese company that manufactures ink cartridge chips, is in negotiations to acquire U.S. printer and imaging systems provider Lexmark International Inc, according to people familiar with the matter. Apex's executives are due to visit their counterparts at Lexmark in the United States this month to try to...

  • SAO PAULO, April 6- Cetip SA Mercados Organizados, Brazil's biggest securities clearinghouse, has agreed on most terms of a revamped, unsolicited offer by bourse BM&FBovespa SA, a source with direct knowledge of the matter said on Wednesday. A takeover will make BM&FBovespa the dominant exchange in Brazil, controlling depositary and clearing activities for...

  • SAO PAULO, April 6- Cetip SA Mercados Organizados, Brazil's biggest securities clearinghouse, has agreed on most terms of a revamped, unsolicited offer by bourse BM&FBovespa SA, a source with direct knowledge of the matter said on Wednesday. A takeover will make BM&FBovespa the dominant exchange in Brazil, controlling depositary and clearing activities for...

  • BRUSSELS, April 6- Thwarted in its bid to acquire Dutch peer TNT three years ago, U.S. package delivery company UPS took its case to court on Wednesday, asking judges to overturn the EU veto because of "manifest errors" made by antitrust regulators. But the takeover was blocked by the European Commission because it said UPS had not offered sufficient concessions to...

  • WARSAW, April 6- Polish bluechip lender Alior Bank plans to raise up to 2.2 billion zlotys from a rights issue of shares to finance its flagged takeover of local rival BPH and strengthen its capital base, it said on Wednesday. PZU plans to build Poland's fifth-largest bank through Alior, which will raise its assets to 60 billion zlotys and move to the No.9 spot by...