SpaceX is spending $60 billion to acquire Cursor, a programming platform, aiming to enhance its AI capabilities and compete with rivals like Anthropic and OpenAI. The deal, previously announced with an acquisition or breakup fee option, is expected to close in Q3 2026.
UniCredit's €35 billion bid for Commerzbank faces strong German opposition, with the government rejecting the offer as inadequate. Legal complaints regarding market manipulation have been filed, and investigations are underway, as the Italian bank seeks to increase its stake despite resistance.
The UK's Competition and Markets Authority (CMA) has approved Associated British Foods' (ABF) £75m acquisition of Hovis. The CMA concluded the deal poses no competition concerns, as Allied Bakeries (AB), ABF's bakery arm, would likely exit the UK market if the takeover failed.
An investigation into the death of Baby Justin raises questions about why an inquest was never held. A One Nation official with a history of racist social media posts is revealed. Locals discuss the impact of a shark attack. Cape Verde shocked Spain in the World Cup.
An investigation into the death of Baby Justin raises questions about why an inquest was never held. A One Nation official with a history of racist social media posts is revealed, and locals react to a shark attack. Cape Verde shocked Spain in the World Cup.
Forward Industries, a major Solana treasury firm, proposed acquisitions to rivals Solana Company, Brera Holdings, and SkyAI. Two firms rejected the offers, and one did not respond. Shares in all companies surged as Solana and other cryptocurrencies rose.
Mike Ashley's Frasers Group has launched a takeover bid for Australian footwear business Accent Group, offering 65 Australian cents a share. This follows a recent near-€2bn offer for Hugo Boss, highlighting a spree of acquisitions by the British billionaire.
Australian pharmaceutical group Sigma Healthcare has dropped its $10bn pursuit of UK retail chain Boots, stating the deal would not meet its strategic and capital investment objectives. The withdrawal extends uncertainty for the 177-year-old chain, which was put up for sale in 2022. Sigma shares rose 6% on the news.
Asian markets surged on news of a US-Iran ceasefire and potential reopening of the Strait of Hormuz. Woodside denied takeover rumors, while ASX admitted to misleading statements about a tech project, facing a $20.5M penalty. ANZ forecasts house price falls, and US orders Anthropic to block foreign AI access.
Thousands of Australians are descending on Vancouver for the World Cup, drawn by the city's resemblance to home and a significant expat community. From fan festivals to local businesses, Australian culture is making its mark on the Canadian city.
The US Department of Justice has approved Skydance's $111bn acquisition of Warner Bros Discovery, a move that could reshape the media landscape. While the DOJ found the deal unlikely to harm competition, California's Attorney General is still reviewing it, citing concerns about industry consolidation and job losses.
Former Bricks & Minifigs franchise owner Benjamin Gorman claims the company failed to provide a full inventory list after taking over his Salem, Oregon store, fueling a dispute amplified by YouTubers Coffeezilla and Reckless Ben. Gorman and ex-co-owner Crystal Law allege a conflict of interest in asset assessment and loss of crucial records post-takeover, while BAM disputes their claims.
South Korea's FTC approves NS Shopping's acquisition of Homeplus Express for $79.3M, citing minimal impact on competition due to Homeplus Express's small 2% market share in chicken products.
Frasers Group, led by Mike Ashley, has launched a takeover bid for Hugo Boss at €38 per share, valuing the German fashion company at nearly €2.7 billion. Hugo Boss management expressed surprise, stating the offer was not coordinated with the company.
Frasers Group has offered nearly €2bn for a full takeover of German fashion house Hugo Boss, which it already holds a 26% stake in. Hugo Boss shares jumped 9.8% on the news, while Frasers shares initially fell but recovered.
The Women's T20 World Cup launches with a major marketing push in London, aiming for record attendance. England's success hinges on their on-pitch performance, with key players returning from injury and tough competition expected from Australia, India, and South Africa.
Frasers Group has offered €1.98bn for Hugo Boss, increasing its stake in the German fashion house to full control. Hugo Boss shares jumped 7% on the news, while Frasers shares fell.
British billionaire Mike Ashley's Frasers Group has made a takeover bid for German fashion group Hugo Boss, offering €38 per share. Hugo Boss has stated the offer is not aligned with the company and offers a low premium, while analysts also find the offer unconvincing. The market is speculating on a higher bid.
Frasers Group has launched a $2.28 billion takeover offer for German fashion company Hugo Boss, proposing 38 euros per share. The bid, which represents a 4% premium, aims to enhance Frasers' presence in the premium menswear market and is seen as a strategic move by analysts.
Unicredit is strategically acquiring Commerzbank shares via Total Return Swaps, avoiding a mandatory takeover bid. The bank has delayed the offer and made it economically unattractive, saving significant costs. Regulatory scrutiny from Bafin is expected but unlikely to halt the process, despite a precedent with Deutsche Bank's Postbank acquisition.
Australian billionaire Brett Blundy's investment firm, BBRC International, is campaigning to remove Victoria's Secret chair Donna James, citing value destruction and poor governance. The company's board has rejected Blundy's requests, citing reputational risks and recent strong performance.
Mike Ashley's Frasers Group has launched a €1.98bn takeover offer for German fashion brand Hugo Boss, aiming to acquire the remaining 74% of the company it doesn't already own. The bid, at €38 per share, follows years of speculation and aims to integrate Hugo Boss into Frasers' portfolio.
Intesa Sanpaolo's acquisition of Monte dei Paschi di Siena is set to significantly exceed its 2029 business plan targets, boosting net profit and shareholder distributions. International media highlight the deal's impact on Italian banking consolidation.
Commerzbank accuses UniCredit of lacking transparency in its takeover bid, demanding disclosure of derivative agreements. UniCredit's offer has seen a slight increase in accepted shares.
