ProSiebenSat.1, a Munich-based German broadcaster, has acquired Swedish online travel agency Etraveli Holding AB for Euro235million ($267mn) from private equity (PE) firm Segulah IV LP. The acquisition deal for ProSiebenSat.1 is its biggest investment in the global e-Commerce. The German broadcaster will expand its digital operations globally following the acquisition. ProSiebenSat.1 is planning to expand beyond TV business.
Deals
Brookfield's $6.5-bn Asciano bid in regulatory fiasco
The $6.5-bn acquisition offer to Asciano Ltd by Brookfield Infrastructure Partners is landed in trouble as the Australian regulator seeks an extensive review following the concern raised by the country's competition watchdog citing the reason that the Canadian firm's deal could lessen competition in rail haulage. The Australian Competition and Consumer Commission has postponed its decision on the acquisition offer made by Brookfield till 17 December.
Square Files for IPO despite of $77.6 million loss
A San Francisco-based payment startup, Square Inc. had filed to go public on Wednesday and according to its regulatory filing, the company will offer around $275 million in stock. The company which is run by Twitter Inc. co-founder, Jack Dorsey is currently valued at a total $6 billion in valuation.
Anheuser-Busch InBev's takeover of SABMiller to realign global beer industry
Anheuser-Busch InBev's plan to acquire SABMiller Plc is expected to change the business dynamics in the global beer industry. Anheuser-Busch InBev is a multinational beverage and brewing company's takeover is considered to be the largest one this year and fourth largest takeover in the corporate history. Anheuser-Busch InBev is acquiring SABMiller for $104.2 billion.
Square suffers $5.7mn loss from single seller, files IPO
Payments startup Square, e-Commerce organization run by new Twitter CEO Jack Dorsey, is going for an initial public offer (IPO) and mentions in the filing to Securities Exchange Commission (SEC) that the fraud could be a major hurdle for it. Square was target of hacking as a single seller used its payment services resulting in a huge loss of $5.7mn for the e-Commerce startup. The automated global payment system and the liquidity of Square were the major reasons why it was the target for illegal or improper use.
Latest News
The Italian luxury sports car maker, Ferrari will debut on Wall Street soon and it is expected to create a buzz for its IPO. However, investors are concerned with the long-term return from the company as the company is known for its product capped and high research cost.
Apple Inc. confirmed today that its company had acquired a startup technology company call Perceptio. The detail of the acquisition is not made public as told by Apple spokesman to Bloomberg.
The worldwide games developer, Ubisoft, finally acquires Ivory Tower, the French maker of The Crew racing game. After years of collaboration with Ubisoft driving experts, Reflections, Ivory Tower is now part of the Ubisoft. The gaming developer confirmed the acquisition in the blog.
Los Angeles-based American Apparel filed for bankruptcy protection. The clothing company agreed to restructure its finances after negative controversies and slump of sales.
ComScore Inc, a data analytics provider and a major player in web tracking, will acquire Rentrak Corp for an implied value of $771 in all stock deal. Rentrak offers viewership rating services. As part of the buying deal, every share of Rentrak will be converted into 1.15 shares of ComScore. After the buying process, Rentrak will become a wholly-owned subsidiary of ComScore. The combined entity is expected to become a major measurement system for media and advertisement agencies. The buyout deal is expected to close in early 2016. The combined entity will get cost benefit of $55mn over the next two years.
Comcast Corp. is getting a 51% stake in Universal Studios Japan Co. The US cable company has announced its NBCUniversal unit will pay Goldman Sachs and other owners of USJ Co. $1.5 billion for the majority stake.
The Dallas-based Energy Transfer Equity LP has decided to buy Williams Cos in a $32.6-billion deal. The acquisition will pave the way for developing a huge 100,000 miles network of natural gas pipelines in the US.
Australia - Vocus Communications will purchase M2 Group for A$1.93B. The merging will be completed in 2016. Vocus Communications Ltd. had come up with an agreement to purchase M2 Group for A$1.93B, that's US$1.35B worth. The deal will be the country's biggest acquisition in the telecom industry in four months, Bloomberg reported.
Goldman Sachs is racing ahead of its rivals in the global investment banking segment by revenues and fees in mergers and acquisitions (M&As) activity. Goldman Sachs' performance in 2015 so far exceeded while its competitors are not even close to it. With a market share of 12.3 percent, Goldman Sachs recorded $2billion revenues till date, while JPMorgan and Morgan Stanley are left with less than nine percent market share in the M&A space. The mergers and acquisitions activity this year so far was a robust period for Goldman Sachs.
