Rappler's latest stories on Business deals
Jollibee takes bigger bite out of U.S.-based Smashburger
The homegrown fast-food giant will acquire an additional 45% stake in the American burger chain for $100 million
Huawei deal to sell phones through AT&T in US falls through – reports
Huawei still plans to sell a version of its Mate 10 not tied to a specific carrier. However, the failure to secure a contract with AT&T or fellow US giant Verizon drastically limits the Chinese company's growth in the American market.
Jollibee eyeing British food chain Pret a Manger – report
Jollibee is reportedly in talks for a possible $1-billon takeover of British sandwich chain Pret a Manger
No merger? Henry Sy firm among top shareholders of RCBC
A privately held company of the Sy family owner of China Bank and BDO Unibank has been buying shares of RCBC a Yuchengco led bank
Jollibee craves for more stake in Smashburger
Acquiring more stake in Smashburger will allow Jollibee to take advantage of Americans increasing appetite for upmarket fast food chains
Duterte in Beijing, Leila de Lima, Donald Trump | 6PM wRap
Watch the 6PM wRap with Maria Ressa
China's Tencent to buy Finnish game-maker Supercell for $8.6B
Supercell is the creator of the hugely popular mobile game Clash of Clans
Nokia moves to finalize acquisition of Alcatel-Lucent
The Finnish telecom equipment giant says it will settle the ownership issue through privately negotiated transactions with Alcatel Lucent shareholders
Yellow Cab to open 15 stores in China
The deal with China s ZhongFa Group is the first this year for Max’s Group
Puregold allots P2.64B for 2016 capital expenditures
The amount does not yet include possible acquisitions a strategy that Puregold has adopted to expand its portfolio
Viagra and Botox makers to merge to create $160-B pharma giant
The transaction the biggest merger announced this year will be fiscally advantageous for US based Pfizer as it will merge into Allergan based in low tax Ireland
Jollibee group eyes additional acquisitions
One or two more acquisitions could be similar to or bigger than Smashburger its biggest deal yet at nearly 99M
Singapore Airlines announces Tigerair takeover bid
The airline is offering Tiger shareholders a price of SG 0 41 per share in cash and an option to subscribe for Singapore Airlines shares at SG 11 1043
SMC's Ramon Ang: 'We sell assets because of bad partnerships'
Experiencing all those types of partnerships I’d rather always buy the whole company unless the partner is honorable which is very hard to come by San Miguel s Ramon Ang says
Jollibee completes 40% acquisition in US-based Smashburger chain
UPDATED The homegrown fastfood giant will get a bigger bite into the 100 billion burger market with its latest acquisition worth nearly 99M
Cherry Foodarama to reopen, now under SM management
Branches in Shaw and Congressional will reopen this week nearly 3 months since SM Investments Corporation acquire the grocery chain
PH's Monde Nissin buys meat-alternative producer Quorn
UPDATED Henry Sy led BDO Unibank Inc which played a major role in the 831 million deal to acquire Quorn Foods is bullish about Monde Nissin s global expansion
Federal Resources shareholders OK LBC Express buy
The company also needs to raise additional capital in preparation for the purchase of up to 1 million issued and outstanding shares of stock of LBC Express
China Bank-Plantersbank merger secures final BSP approval
China Bank will be the surviving entity in the merger
Lucio Co's Puregold acquires BudgetLane supermarket chain
Puregold did not disclose acquisition cost but says it accounts for less than 10 of the company’s total book value
Federal Resources acquires LBC Express
It acquires issued and outstanding shares of stock of the Araneta owned courier and freight forwarding services firm for not less than P1 billion
Ayala Corp acquires 50% stake in Generika drugstore chain
For an undisclosed amount the conglomerate ventures into the retail health care industry expanding its footprint that already includes a chain of hospital and satellite clinics
Puregold about to close deal with supermarket chain
If the deal pushes through it would boost Puregold s presence in areas it is not yet heavily represented in
SM to seal deal with Cherry Foodarama in June
The conglomerate is set to acquire majority interest in the pioneering grocery business
Aboitiz ventures into remittance business
Aboitiz Equity Ventures acquires 51 in PETNET the largest Western Union agent network in the Philippines
Emperador plans P3B investment for 2015
The Andrew Tan led firm says 8 new products are for launching this year on top of its interest to acquire a French cognac maker
Philippine distiller Emperador eyes French cognac maker
Emperador is currently debt free and is therefore in a very strong financial position to further expand its business both globally and domestically the distiller says
Singapore Telecom to buy US cybersecurity firm for $810M
Cash rich Singtel will acquire 98 of Chicago based Trustwave
Ketchup + hotdogs + American cheese = Heinz-Kraft merger
The deal forged by investment guru Warren Buffett s Berkshire Hathaway and 3G Capital which own Heinz will assemble the world s 5th largest food company with around 28 billion in annual sales
Bloomberg TV to launch Philippine channel
UPDATED Bloomberg to bring its brand of business reporting on Philippine cable TV through a partnership with the Pangilinan led TV5 and Cignal Digital TV
PAL to sell 2 Airbus aircraft to Las Vegas’ Allegiant Air
On February 23 rival Cebu Pacific announces it is selling 6 aircraft to the same Las Vegas based airline
Cebu Pacific to sell 6 Airbus to Las Vegas-based Allegiant Air
Two years after a botched deal the budget carrier is selling 6 Airbus A319 to Allegiant Air as part of its fleet renewal program
Jollibee in joint venture to run Dunkin' Donuts in China
The country’s fastfood giant will invest 180 million to operate the American donut chain in the world’s 2nd largest economy
Emperador finalizes £430M acquisition of Whyte & Mackay
The 5th largest scotch maker in the world has been fully acquired by Emperador Inc of tycoon Andrew Tan who looks forward to create a ‘scotch whisky drinking culture in the Philippines’
Globe to PLDT: No need to auction Bayantel frequencies
Globe also argues that their proposed takeover of beleaguered Bayantel does not need congressional approval as the transaction only involves the transfer of shares of stocks
Holcim Philippines eyes Lafarge Republic’s assets
Lafarge Republic’s major shareholders say they are interested to sell their shares as the global merger of the firms is set to be completed by the first half of 2015
Meralco inks $3.3M deal with Microsoft Philippines
Meralco says the deal will help the utility firm better serve its 5 5 million customers
PLDT’s stake in Rocket Internet down to 6.4%
This is the third time the firm’s stake with the German startup is diluted from the original 10 or €333 million in August
Coke buys $2.15 billion stake in Monster
The deal locks in for the soft drink giant a share of the energy drink market where its own brands have lagged far behind Monster Energy and rival Red Bull
JG, Meralco in talks over petrochem biz
Gokongwei and Pangilinan led groups are discussing extending their business partnerships in telecommunications and power into petrochemical business
Chinese Lenovo mulls buying Blackberry: report
Chinese computer and phone maker Lenovo is considering a counter bid to buy all of Canadian smartphone manufacturer BlackBerry
Zest-O's Yao group buys Maybank ATR Kim Eng
The group of juice and airline magnate Alredo Yao is buying a controlling stake in Maybank ATR Kim Eng now a shell company
JG, San Miguel in talks over Meralco
Friends enemies partners and rivals are already among the owners of power giant Manila Electric Co Meralco Will the Gokongweis be the next business group to join them?
Sy group acquires Plantersbank
In a bid to boost its focus on small and medium enterprises SME the banking arm of the country s richest acquired a controlling stake in the country s largest private development bank
Ayala's Bacolod project approved
Commission on Audit favors Ayala Land s bid over SM s in 7 7 hectare Bacolod property deal
Nokia sells mobile phone unit to Microsoft
Nokia is selling its mobile phone unit to Microsoft for 5 44 billion euros
Nokia up for sale?
Rumors that struggling Finnish mobile phone maker Nokia may be up for sale have intensified with analysts seeing 3 potential buyers who could be even more interested if the company undergoes a restructuring
How Cebu airport bidders chose their foreign partners
How did the Gotianun group clinch the partnership with Singapore s Changi and San Miguel with Korea s Incheon?
Berkshire, 3G buy ketchup maker Heinz in $28-B deal
Billionaire Warren Buffett s investment powerhouse Berkshire Hathaway and Brazilian led 3G Capital announce they would take over venerable US ketchup maker Heinz in a deal worth US 28 billion
YEARENDER: 12 big business stories in 2012
This list shows how the movers and shakers took advantage of opportunities and navigated the risks how political leaders showed grim determination and how intertwined the players in both business and politics are
