Mergers & acquisitions
Australian skincare brand Bondi Sands sold to $26b Japanese giant
In a deal estimated to be worth more than $400 million, self-tanning brand Bondi Sands is the latest Australian business to be sold to an international conglomerate.
- by Jessica Yun
Latest
Opinion
Opinion
ANZ’s blockbuster bid for rival bank to go down to the wire
As D-Day looms for the Australian banking sector’s biggest proposed deal since 2008, ANZ and Suncorp are trying to persuade regulators that the local industry isn’t a cozy oligopoly.
- by Clancy Yeates
Game on: Microsoft’s $100b Activision deal gets US judge go-ahead
The deal would be the biggest ever for Microsoft and for the video game industry.
- by Diane Bartz
‘Bargain hunt’: Will Australia’s biggest food producers keep getting gobbled up?
Barely two days into the new financial year, two of Australia’s biggest ASX-listed food companies are on the takeover map, and there’s more action ahead.
- by Jessica Yun
Twiggy Forrest’s Wyloo gains control of Mincor in critical mineral race
Mining magnate Andrew Forrest has seized control of ASX-listed Mincor Resources which mines nickel – a key ingredient in rechargeable batteries.
- by Simon Johanson
Updated
Big four consultants
PwC’s government business gets new name after $1 sale to private equity
PwC Australia’s government business will become a new company called Scyne Advisory, having been offloaded to private equity firm Allegro Funds in a $1 fire sale.
- by Jessica Yun and Miriam Steffens
Dealmakers adrift as $1.5 trillion vanishes in first-half slump
The world’s dealmakers are counting their losses in one of the worst years for takeovers and stock market listings in a decade.
- by Bloomberg News
PointsBet finalises sale of US outfit to Jay-Z backed Fanatics
PointsBet’s $333 million sale of its US division to merchandise business Fanatics has cleared the final hurdle after shareholders voted in its favour.
- by Amelia McGuire
Fanatics raises PointsBet US bid by $111m to win takeover battle
Jay-Z backed merchandise giant Fanatics has wrangled back its deal to buy PointsBet’s US division by upping its offer to $333 million.
- by Amelia McGuire
PointsBet gives DraftKings deadline for formal bid on US arm
Wagering giant DraftKings will have until Tuesday to launch a formal offer for ASX-listed PointsBet’s US operations, and back up its surprise $283 million bid.
- by Amelia McGuire
PointsBet’s US sale disrupted as DraftKings lobs late bid
The wagering company has told the Australian market that DraftKings has lodged a late bid for the US arm of its business with a headline purchase price of $283 million in cash, with no financing condition.Â
- by Amelia McGuire