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Mergers & acquisitions

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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

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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
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
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Ivan Glasenberg drove the 2012 merger of Glencore and Xstrata.

Glencore should give ground to seal a deal with Rio Tinto

If either side needs to compromise on the takeover price to get a transaction done, it’s Glencore that needs to make sacrifices now to secure a better future.

  • Javier Blas
Olivia Wirth, executive chairwoman of Myer, with Solomon Lew who offloaded his apparel brands business and will take a board seat at the department store chain.

Jay Jays, Dotti, Portmans still ‘well-loved, cherished’ brands, Myer CEO insists

Myer investors have overwhelmingly voted in favour of the mega-deal that chief executive Olivia Wirth says sets up the department store for the long term.

  • Jessica Yun
A deal would potentially create a $US158 billion behemoth to leapfrog longstanding industry leader BHP, which is worth about $US126 billion.

Rio-Glencore merger could create a copper powerhouse

Rio Tinto shares fell 0.5 per cent to $118.99 on Friday, after Bloomberg reported that Rio had been involved in early-stage merger talks with Glencore.

  • Daniel Lo Surdo and Nick Toscano
Foxtel has found a new home.

Foxtel’s sale could change the game for two sports in Australia

The seismic deal between News Corp and DAZN for Foxtel adds another layer of intrigue to a number of upcoming rights negotiations.

  • Calum Jaspan

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