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Mergers & acquisitions

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Bally’s chairman Soo Kim has big plans for Star.

How Star’s new owners plan a major overhaul

Think of the new Star Entertainment properties as a cross between what they are today and ones that will more closely resemble monster-sized RSLs.

  • Elizabeth Knight

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Bally’s Corporation chairman Soo Kim outside the Star Casino in Sydney.

‘Everything you knew is over’: Star casinos to ditch the glitz

Star Entertainment’s prospective new owner Bally’s boss Soo Kim says the Australian casino business will have to start life from scratch.

  • Supratim Adhikari and Elizabeth Knight
Taco Bell in Tamworth.

Guzman y Gomez isn’t the reason Taco Bell is getting axed, insists CEO

If the operator of KFC can’t make Taco Bell work in Australia, can anyone?

  • Jessica Yun
Mark Zuckerberg described the creation of the Facebook news feed in 2006 to facilitate “real connections to actual friends.”

‘Killer acquisitions’: Zuckerberg first witness in landmark US antitrust case

The billionaire owner of Meta said in federal court that his company’s social networks weren’t just about friends.

  • Josh Sisco and Kurt Wagner
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
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
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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

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