NewsBite

Mergers & acquisitions

Advertisement
A Gianni Versace SpA logo sits a above a window display at their store in the Galleria Vittorio Emanuele shopping mall in Milan, Italy, on Monday, Sept. 24, 2018. Handbag maker Michael Kors Holding Ltd. is nearing an agreement to buy Versace after the Italian fashion house known for its baroque designs drew interest from several suitors, people familiar with the plans said. Photographer: Francesca Volpi/Bloomberg

How Versace’s ‘blunder’ opened the door for Prada’s $2.3b takeover

Fashion executive John Idol made a big shift after acquiring Versace in 2018. It did not go to plan and now rival Prada has pounced.

  • Jeannette Neumann

Latest

Bally’s chairman Soo Kim and one of its 19 properties, the Bally’s casino in Las Vegas.

Star casino falls to a new class of Wall Street predator

Cannabis, tobacco and Star casino may seem like an odd combination of interests, but Star’s rescuer is a different breed from recent US corporate predators.

  • Colin Kruger
The board of Nine’s majority owned Domain have backed a takeover bid.

Domain board backs $2.8b bid from US giant

A takeover by digital real estate listings giant CoStar potentially paves the way for a big payday for majority shareholder Nine Entertainment.

  • Calum Jaspan
Elon Musk, co-founder of Tesla and SpaceX, and owner of X and xAi.

In a surprise deal, Musk sells X to his AI company

The deal combines two of Musk’s multiple portfolio companies, which also include automaker Tesla and SpaceX.

  • Greg Bensinger
The Reject Shop could soon be Canadian-owned.

‘Money from heaven’: The Reject Shop set for $259m sale to Canadian giant

Australia’s largest discount variety retailer could soon be in Canadian hands.

  • Miriam Steffens and Gemma Grant
Wiz CEO Assaf Rappaport says the company will focus on its IPO plans.

‘Merciless’: Google’s biggest-ever deal to turn 41-year-old into a billionaire

Behind his unassuming demeanour and his T-shirt-khakis-and-sneakers wardrobe, Assaf Rappaport is a shrewd dealmaker.

  • Marissa Newman and Andrew Martin
Advertisement
A successful offer for Domain could have a significant impact on both its major shareholder Nine Entertainment, and its News Corp-controlled rival REA Group.

$2.7 billion bid for Domain puts Nine in a bind

The real estate site has been a sub-par performer for its majority owner, but accepting the cash offer would have profound implications for the media sector.

  • Colin Kruger
Saudi Arabia may have a hand in News Corp’s Foxtel sale. Rupert Murdoch [left]; Saudi Crown Prince Mohammed Bin Salman [right]

Foxtel’s new owner welcomes Saudi dollars in landmark deal

Under Crown Prince Mohammed bin Salman, Saudi Arabia has been making big bets on global sports. It has just poured a reported $US1 billion into the company that bought Foxtel in December.

Left to right: Sigma Healthcare CEO Vikesh Ramsunder, Chemist Warehouse founders and brothers Sam Gance, Jack Gance, and CEO Mario Verrocchi.

‘50 years of toil, 50 years of grind’: Chemist Warehouse is now a $32 billion giant

The mega-merger with pharmaceutical distributor Sigma Healthcare has minted billions for the pharmacy chain’s three founders and spawned more than 100 millionaires, with their stakes worth between $5 million and $25 million.

  • Jessica Yun
At loggerheads over AI: Elon Musk and OpenAI’s Sam Altman.

War of words as Elon Musk-led group makes $155 billion bid for ChatGPT owner OpenAI

The offer has triggered missives from both OpenAI CEO Sam Altman and Musk, intensifying their long-running feud.

  • David Swan

Original URL: https://www.smh.com.au/topic/mergers---acquisitions-1mpf