Ericsson acquires Vonage for £5.2bn July 22, 2022 Telecommunications company Ericsson has completed its $6.2bn (£5.2bn) acquisition of American cloud communications company Vonage. Vonage is now a wholly-owned subsidiary of Ericsson and will become a separate business area within Ericsson. Vonage common stock has stopped trading and will not be listed on the Nasdaq Global Select Market now. Vonage will still operate under its [...]
Exclusive: UK financial dealmaking slumps in value as recessionary fears take hold July 21, 2022 The volume of deals in the UK’s financial services sector rose to a seven-year high in the first half of the year but a looming recession and economic uncertainty caused the value of transactions to plunge, new figures have revealed.
Dealmaking drought set to continue amid recession fears June 26, 2022 A dealmaking drought is set to continue this year as firms batten down the hatches for a prolonged period of rampant inflation and stock market turbulence, analysts have warned.
EU watchdog approves foreign takeover of British firm Meggitt April 12, 2022 Brussels has given its blessing to a £6.3bn takeover of British defence company Meggitt by a US buyer.
New data reveals the top 10 dealmakers of 2021 February 6, 2022 New data, shared with City A.M. has revealed the UK’s top dealmakers of 2021. The figures come on the back of a record year for mergers & acquisitions, which saw the completion of more than $5 trillion worth of deals. JP Morgan’s James Robinson ranked as the UK’s top investment banker, after topping MergerLink’s charts [...]
M&C Saatchi finance chief resigns as firm fights off hostile takeover January 19, 2022 M&C Saatchi has suffered a setback in its bid to fend off a hostile takeover after Chief Financial Officer Mickey Kalifa handed in his resignation.
Cardano Group grows by £18.5bn as it snaps up Dutch sustainability specialist January 7, 2022 Pensions advisory and investment specialist Cardano Group has grown its assets under management (AUM) by over £18.5bn as it completes the acquisition of a Dutch sustainable investing firm today. London-based Cardano has acquired ACTIAM as it looks to broaden its services across investment funds, corporate sustainability analysis and ESG advice. Cardano agreed a deal to [...]
Discovery gets green light for WarnerMedia deal from EU competition watchdog December 22, 2021 Discovery today announced that the European Commission has granted unconditional antitrust approval to its proposed acquisition of WarnerMedia assets from telecoms giant AT&T. “Approval from the European Commission is a key milestone toward completing our proposed transaction with AT&T,” said Discovery president and CEO David Zaslav – the future CEO of the combined company. “Today [...]
Sony-Zee merger to form Indian entertainment giant to rival Disney and Netflix December 22, 2021 Sony’s Indian arm has reached a deal with Indian rival Zee Entertainment to create the second biggest entertainment network in India. The Indian unit of the Japanese conglomerate will merge 75 television channels, film assets and two streaming platforms with Zee Entertainment, in a bid to compete with streaming rivals Netflix and Disney in India. [...]
Global M&A activity hits new record of $5 trillion in 2021 December 20, 2021 Global merger and acquisition (M&A) activity records of all time have been smashed this year, after exceeding $5 trillion for the first time. Global M&A jumped 63 per cent to $5.63tn (£4.26tn) while in Europe activity was almost 50 per cent up, to $1.26tn (£954m), driven in part by a boost of confidence among chief [...]