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Mergers and acquisitions

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SOCAR finalises Italiana Petroli takeover after EU approval

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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).

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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.

Business

Unilever considers selling food unit after receiving McCormick offer

The move would represent a major shift for the consumer goods giant, which is increasingly focusing on personal care and beauty products under its new chief executive.

Business

Telefónica and Liberty Global to buy UK fibre firm Netomnia for €2.3bn

InfraVia, Liberty Global and Telefónica, which together form the telecom joint venture Nexfibre, are set to acquire the UK's alternative network provider Netomnia for £2bn (€2.3bn), according to an announcement on Wednesday.

Business

Activist Ancora fund moves to block Netflix takeover of Warner studios

Ancora Holdings has built a $200mn stake and is backing Paramount’s richer rival bid, raising the prospect of a proxy fight over the future of one of Hollywood’s biggest media groups.

Business

Scandinavian Airlines CEO: AI can cut disruption response times

The airline’s chief says artificial intelligence will help rebuild schedules during storms and improve efficiency in an industry that faces constant uncertainty.

Business

Netflix earnings beat estimates but subscriber growth risks linger

Netflix shares have fallen more than 5% in after-hours trading despite earnings beating Wall Street estimates.

Business

Paramount sues Warner Bros, launches proxy war to scupper Netflix deal

Paramount Skydance claims WBD’s Netflix transaction undervalues the company and says shareholders should decide, as it prepares a proxy contest and court action in Delaware.

Business

Warner to urge rejection of Paramount bid as Trump son-in-law exits

Warner Bros Discovery is expected to urge shareholders to vote against Paramount's hostile takeover bid. This comes after Jared Kushner, Trump's son-in-law, also withdrew his private equity firm from the financing of the offer.

Business

Berlusconi’s MFE backs Paramount over Netflix in Warner Bros battle

Italy’s largest media group, MFE-MediaForEurope, has publicly thrown its support behind Paramount’s hostile bid for Warner Bros Discovery, arguing that Paramount’s offer would preserve competition in the global streaming market.

Business

Paramount goes hostile in bid for Warner Bros, challenging Netflix

The announcement comes just days after Netflix said it had agreed a $72 billion takeover deal for Warner Bros Discovery.

Business

IBM to buy Confluent in $11 billion deal to bolster AI offerings

Data streaming platform Confluent is responsible for infrastructure that underpins AI systems, allowing companies to rapidly transfer information.

Business

L’Oréal shares dip as it bets on Galderma and science-based skincare

The firm’s investment in Galderma signals a pivot towards injectables and more cutting-edge beauty technology.