Hershey reportedly acquiring Amplify snack brands for $1.6 billion: CNBC
PENNSYLVANIA: Hershey Co, the maker of Reese’s Peanut Butter Cups and Hershey’s Kisses, is nearing a deal to buy SkinnyPop parent Amplify...
Disney acquires Fox TV, film unit for $52.4 billion
CALIFORNIA: Walt Disney Co has struck a deal to buy film, television and international businesses from Rupert Murdoch’s Twenty-First Century Fox Inc...
Samsung hunting for bigger merger & acquisitions, deals
HELSINKI: Samsung Electronics’ $8 billion purchase of automotive and audio electronics company Harman has given the technology conglomerate confidence to chase more...
Government to accelerate privatisation move
ISLAMABAD: While the process of privatising government entities has been halted after few transactions of profitable organisations, the government has decided to...
Chinese company plans to invest $9bn in KE by 2030
ISLAMABAD: Shanghai Electric Power Company (SEPC) Chairman Yundan Wang said on Friday that his company was planning to invest $ 9 billion...
US govt moves to block AT&T $85.4 billion acquisition of Time Warner
WASHINGTON: The U.S. Department of Justice sued AT&T Inc on Monday to block its $85.4 billion acquisition of Time Warner Inc, saying...
Warren Buffet offloads stake in IBM, increases shareholding in Apple
NEW YORK: Warren Buffett’s Berkshire Hathaway Inc has sold another large piece of its stake in IBM Corp, backing further away from...
Kapco shelves plan to acquire 17.37pc stake in Hubco
LAHORE: A bourse notification from Kot Addu Power Company (KAPCO) disclosed it postponed plans to acquire 17.37pc stake in Hub Power Company...
Careem moves into delivery service by acquiring Delivery Chacha
KARACHI: In a model replicating UberRush, Careem the ride-hailing service has ventured into the delivery segment by acquiring Delivery Chacha, an on-demand...
Philippine’s One Dex Cel Pharma shows intent to acquire 65pc equity stake in Haydery Construction
Karachi: In a notification sent to the bourse on Friday by Topline Securities announced the intention of Philippines based One Dex Cel...
Toshiba reaches $18b deal for its chip unit, but confusion persists
TOKYO: Japan’s Toshiba Corp said on Thursday it had signed a US$18billion deal to sell its chip unit to a consortium led...
Defence & Interior Ministry issue NOC for K-Electric’s sale to Chinese entity
ISLAMABAD: Defence Ministry has given security clearance to Shanghai Electric Power (SEP) for the acquisition of K-Electric.
SEP received no-objection certificates from the...
Packages Limited completes 35pc acquisition of Stora Enso’s stake in BPL
Karachi: In a notification sent to the bourse on Tuesday, Packages Limited announced that it had completed its 35pc acquisition of Stora...
Toshiba receives revised offer of $22.3 billion for its chip unit
Tokyo: A group including Bain Capital and South Korea’s SK Hynix has raised its offer for Toshiba Corp’s chip business to 2.4...
Axiata nearing deal to acquire Veon’s Pakistan tower business for $1 billion: Bloomberg
Lahore: Bloomberg has reported that Malaysia’s biggest mobile operator Axiata Group is negotiating with Veon Limited to acquire its wireless towers business...