business deals - updates

Rappler's latest stories on business deals


Jollibee takes bigger bite out of U.S.-based Smashburger

Feb 13, 2018 - 5:10 PM

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

Jan 10, 2018 - 1:51 AM

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

Sep 19, 2017 - 12:47 PM

Jollibee is reportedly in talks for a possible $1-billon takeover of British sandwich chain Pret a Manger

STRANGE COMBINATION. Jollibee, homegrown fast food chain popular for its fried chicken and sweet-style spaghetti, is reportedly looking at acquiring Pret A Manger, a British company known for its organic coffee and fresh sandwiches. File image

No merger? Henry Sy firm among top shareholders of RCBC

May 23, 2017 - 12:15 AM

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

Mar 14, 2017 - 7:51 PM

Acquiring more stake in Smashburger will allow Jollibee to take advantage of Americans increasing appetite for upmarket fast food chains

BIGGER BITE. Jollibee says acquisition of stake in Smashburger will make its presence in the US more significant. Rappler file photo

Duterte in Beijing, Leila de Lima, Donald Trump | 6PM wRap

Oct 21, 2016 - 9:13 PM

Watch the 6PM wRap with Maria Ressa

China's Tencent to buy Finnish game-maker Supercell for $8.6B

Jun 21, 2016 - 10:30 PM

Supercell is the creator of the hugely popular mobile game Clash of Clans

epa03913468 Finnish game developer Supercell's CEO Ilkka Paananen stands behind a cutout of 'The Barbarian', a character of Supercell's top-selling game 'Clash of Clans', in Helsinki, Finland, 17 October 2013. Media reports state that the majority (51 per cent) of the Finnish game developing company Supercell was bought by Japanese teleoperator SoftBank and game company GungHo for 1.1 billion Euros on 15 October 2013. Supercell is developer of the browser game 'Clash of Clans'. EPA/MAURI RATILAINEN FINLAND OUT

Nokia moves to finalize acquisition of Alcatel-Lucent

Jun 16, 2016 - 6:20 PM

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

Jan 11, 2016 - 6:15 PM

The deal with China s ZhongFa Group is the first this year for Max’s Group

Puregold allots P2.64B for 2016 capital expenditures

Dec 11, 2015 - 6:04 PM

The amount does not yet include possible acquisitions a strategy that Puregold has adopted to expand its portfolio

INVESTMENT. Puregold Vice President for Operations Antonio de los Santos says the firm invested P3.4 billion in 2015 but this included P1.5 billion for acquisitions this year. File photo from Puregold website

Viagra and Botox makers to merge to create $160-B pharma giant

Nov 23, 2015 - 10:04 PM

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

MERGER. Pfizer and Allergan will merge to create the world's biggest pharmaceutical group in a deal worth around $160 billion. Photo from Pfizer Facebook page

Jollibee group eyes additional acquisitions

Nov 23, 2015 - 5:50 PM

One or two more acquisitions could be similar to or bigger than Smashburger its biggest deal yet at nearly 99M

ACQUISITIONS. Jollibee chairman Tony Tan Caktion (center) says on Monday, November 23, 2015 that apart from acquiring bigger brands, “a start up can be the winning brand in the future."Photo from APEC 2015's Twitter account

Singapore Airlines announces Tigerair takeover bid

Nov 06, 2015 - 12:17 PM

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

TAKEOVER. "SIA's objective for the offer is to derive enhanced commercial and operational synergies through a full integration of Tiger Airways into the SIA Group," the airline says in a statement. SIA photo from; Tigerair photo from wikimedia

SMC's Ramon Ang: 'We sell assets because of bad partnerships'

Oct 15, 2015 - 9:09 PM

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

BAD PARTNERSHIPS. Ramon Ang tells global CEOs: 'For the last 7 years, we have sold assets because partnerships aren’t good and it’s better to walk away.' Photo from Weber Shandwick for #FGECEO2015

Jollibee completes 40% acquisition in US-based Smashburger chain

Oct 13, 2015 - 12:17 PM

UPDATED The homegrown fastfood giant will get a bigger bite into the 100 billion burger market with its latest acquisition worth nearly 99M

ACQUISITION. JFC says the acquisition of stake in Smashburger will make its presence in the US more significant.

Cherry Foodarama to reopen, now under SM management

Oct 12, 2015 - 5:31 PM

Branches in Shaw and Congressional will reopen this week nearly 3 months since SM Investments Corporation acquire the grocery chain

REOPENING. Cherry Shaw will reopen on October 13 while Cherry Congressional will open again its doors to customers on October 15, SM Markets say.

PH's Monde Nissin buys meat-alternative producer Quorn

Oct 01, 2015 - 7:01 PM

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

Sep 04, 2015 - 4:50 PM

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

Aug 20, 2015 - 9:17 PM

China Bank will be the surviving entity in the merger

Lucio Co's Puregold acquires BudgetLane supermarket chain

Aug 07, 2015 - 2:47 PM

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

Jul 30, 2015 - 5:22 PM

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

Jul 16, 2015 - 5:15 PM

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

Jun 26, 2015 - 7:15 PM

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

Jun 24, 2015 - 6:40 PM

The conglomerate is set to acquire majority interest in the pioneering grocery business

Aboitiz ventures into remittance business

Jun 02, 2015 - 4:47 PM

Aboitiz Equity Ventures acquires 51 in PETNET the largest Western Union agent network in the Philippines

Emperador plans P3B investment for 2015

May 19, 2015 - 8:45 AM

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

May 11, 2015 - 1:16 PM

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

Apr 08, 2015 - 12:29 PM

Cash rich Singtel will acquire 98 of Chicago based Trustwave

Ketchup + hotdogs + American cheese = Heinz-Kraft merger

Mar 26, 2015 - 10:39 AM

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

Mar 25, 2015 - 4:30 PM

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

Feb 25, 2015 - 8:04 PM

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

Feb 23, 2015 - 5:11 PM

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

Dec 19, 2014 - 7:32 PM

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

Nov 03, 2014 - 8:33 AM

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

Oct 31, 2014 - 4:00 PM

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

Oct 28, 2014 - 5:04 PM

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

Oct 10, 2014 - 3:59 PM

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%

Oct 02, 2014 - 7:59 PM

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

Aug 15, 2014 - 3:29 PM

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

Oct 28, 2013 - 10:30 AM

Gokongwei and Pangilinan led groups are discussing extending their business partnerships in telecommunications and power into petrochemical business

POWER TO PETRO. Meralco owners Gokongwei and Pangilinan are discussing extending their partnership to petrochemicals. File photo by AFP

Chinese Lenovo mulls buying Blackberry: report

Oct 18, 2013 - 7:09 PM

Chinese computer and phone maker Lenovo is considering a counter bid to buy all of Canadian smartphone manufacturer BlackBerry

SUITOR? Chinese firm Lenovo is eyeing beleaguered smartphone maker BlackBerry? Phone images from

Zest-O's Yao group buys Maybank ATR Kim Eng

Sep 25, 2013 - 12:27 PM

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

Sep 25, 2013 - 6:37 AM

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?

FOR SALE? A minority stake in power giant Meralco is being eyed by the Gokongwei group? File photo by AFP

Sy group acquires Plantersbank

Sep 18, 2013 - 2:46 PM

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

DEAL SEALED. China Bank chair Hans Sy (2nd from the left) and Plantersbank chair Jesus Tambunting shake hands after the MOA signing in Makati City. Photo courtesy of China Bank

Ayala's Bacolod project approved

Sep 10, 2013 - 8:48 AM

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

Sep 03, 2013 - 11:24 AM

Nokia is selling its mobile phone unit to Microsoft for 5 44 billion euros

FOR SALE. Nokia sells its mobile unit to Microsoft.

Nokia up for sale?

Jun 20, 2013 - 11:13 PM

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

NEW ASHA. Nokia unveils the Asha 210.

How Cebu airport bidders chose their foreign partners

Jun 03, 2013 - 9:19 AM

How did the Gotianun group clinch the partnership with Singapore s Changi and San Miguel with Korea s Incheon?

FOR BIDDING. The country's second biggest airport is up for expansion, rehabilitation. Photo by Mactan International Airport Authority

Berkshire, 3G buy ketchup maker Heinz in $28-B deal

Feb 15, 2013 - 9:55 AM

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

FOOD GIANT. Warren Buffett's Berkshire Hathaway and 3G Capital gobbles food giant Heinz. Photo by AFP

YEARENDER: 12 big business stories in 2012

Dec 31, 2012 - 5:51 PM

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