merger - updates

Rappler's latest stories on merger

ARTICLE FINDER

Coronavirus confirms Fiat Chrysler-PSA merger a good idea – Elkann

Jun 27, 2020 - 12:25 AM

Fiat Chrysler chairman John Elkann says his company and Peugeot are on track to merge by the 1st quarter of 2021

MERGER. This combination of file pictures shows the logo of Italian automaker Fiat and the Peugeot logo. Photos by Marco Bertorello and Joel Saget/AFP

Fiat Chrysler, PSA mega-merger faces EU antitrust probe

Jun 17, 2020 - 10:40 PM

The European Union is concerned about the effect of the planned Fiat Chrysler-PSA merger on Europe's highly-profitable market for vans

O2, Virgin Media to merge into $46.6-billion UK telco giant

May 07, 2020 - 11:20 PM

Telefonica chief executive Jose Maria Alvarez-Pallete says the merger would create 'the leading operator in the United Kingdom' that would be 'a game-changer' in the British telecoms sector

Fiat Chrysler, PSA retain merger target date

May 05, 2020 - 8:20 PM

'Notwithstanding these unexpected and unprecedented times, FCA and Groupe PSA remain committed to our 50/50 merger,' says Fiat Chrysler

MERGER. This combination of file pictures shows the logo of Italian auto maker Fiat and the Peugeot logo. Photos by Marco Bertorello and Joel Saget/AFP

PSA seeks to shift Fiat Chrysler merger into high gear

Apr 10, 2020 - 12:40 AM

PSA Group and Fiat Chrysler Automobiles need the merger in view of the heavy investments that must be made in electric cars

Coronavirus calls into question PSA-Fiat Chrysler merger

Mar 25, 2020 - 5:55 PM

Preparations continue on the planned merger of PSA and Fiat Chrysler, but the financial terms reportedly need to be reevaluated as a result of the coronavirus pandemic

(FILES) This combination of file pictures created on October 31, 2019 shows the logo of Italian auto maker Fiat (L) in a cars dealer on January 12, 2017 in Saluzzo, near Turin, and the Peugeot logo pictured at the 2014 Paris Auto Show on October 3, 2014 in Paris. - Will they or won't they? On top of massive economic damage, the coronavirus pandemic now is casting doubt over the pending merger of PSA Group and Fiat Chrysler (FCA), financial sources told AFP. The tie-up, announced at the end of October 2020 and due to be finalized in early 2021 at the latest, would create the world's fourth-largest automaker, bringing under one roof brands like Peugeot, Citroen, Jeep, Alfa Romeo and Maserati. (Photos by MARCO BERTORELLO and Joël SAGET / AFP)

PSA, Fiat Chrysler join to create world's 4th largest carmaker

Dec 19, 2019 - 5:00 PM

The combined PSA-Fiat Chrysler group will have total revenues of nearly 170 billion euros ($190 million) and annual unit sales of some 8.7 million vehicles

PSA, Fiat Chrysler unveil merger of equals

Oct 31, 2019 - 6:05 PM

The PSA-Fiat Chrysler merger will be achieved via the creation of a parent company in the Netherlands, which would be the world's 4th largest automaker in terms of sales

PCC speeds up review of qualified deals by 15 days

Jun 18, 2019 - 5:55 PM

The Philippine Competition Commission will fast-track the review process for certain transactions starting July 2

Singapore watchdog fines Grab, Uber $9.5M over merger

Sep 24, 2018 - 1:40 PM

The Competition and Consumer Commission of Singapore says the merger significantly reduced market competition and led to higher fares

AT&T closes mega-merger with Time Warner

Jun 15, 2018 - 2:57 PM

The news comes just two days after a US federal judge approved the deal, delivering a stinging rebuke to President Donald Trump's administration in its first major antitrust court case

(COMBO) This combination of pictures created on October 21, 2016 shows AT&T cellphone store in Springfield, Virginia, on October 23, 2014. And the Time Warner company logo on the front of the headquarter building, 24 November, 2003, in New York.  AT&T is in "advanced talks" to acquire entertainment group Time Warner in a move to add in-house content to distribution services, The Wall Street Journal reported on October 21, 2016.  AT&T could seal the deal "as early as this weekend," the Journal said, citing people familiar with the matter.   / AFP PHOTO / SAUL LOEB AND STAN HONDA

Landbank offers Philippine Stock Exchange P472M for PDSHC stake

Apr 29, 2018 - 11:35 PM

The state-run bank takes another stab at gaining control of the country's bond trading market

Razer planning to acquire online currency firm MOL Global

Apr 24, 2018 - 11:34 AM

The merger, says Razer CEO Min Liang-Tan, would create 'one of the largest virtual credits platforms for gamers in the world'

Duterte on peace talks, PCC on Grab-Uber deal, Youtube attack | Midday wRap

Apr 04, 2018 - 12:10 PM

Watch the midday newscast with Jee Geronimo

PH Competition Commission begins review of Grab-Uber merger

Apr 03, 2018 - 7:10 PM

This is after the Philippine Competition Commission's preliminary assessment shows that the transaction may hurt commuters and drivers

PCC warns Grab-Uber deal may have 'far-reaching impact' on commuters

Apr 02, 2018 - 5:10 PM

The Philippine Competition Commission notes that Uber's exit would lead to Grab monopolizing the ride-sharing market

Foxconn subsidiary to buy Belkin International for $866 million

Mar 27, 2018 - 2:22 PM

FIT Hon Teng says its merger with Belkin will give it access to the company's sales networks, technology, and production capabilities, along with more than 700 patents.

BELKIN. FIT Hon Teng will acquire Belkin for $866 million through a merger. Photo from Shutterstock.

PH Competition Commission doubles threshold for review of mergers

Mar 05, 2018 - 6:00 PM

With inflation going up, the country's antitrust body adjusts the threshold for reviewing merger and acquisition (M&A) transactions to P2 billion, from P1 billion

THRESHOLD REVIEW. Arsenio Balisacan says PCC will continue to conduct regular monitoring of the M&A notifications and will revisit the threshold level periodically to make sure it is responsive to changes in the markets and the economy. Photo by Chrisee Dela Paz/Rappler

PH Competition Commission eyes raising threshold for merger review

Feb 21, 2018 - 3:00 PM

The country's antitrust body is reviewing its existing P1-billion threshold, taking into account that inflation hit a 3-year high last January

THRESHOLD. Under Republic Act (RA) No. 10667 – also known as the Philippine Competition Act – the antitrust regulator should be notified for M&A deals with transaction values above P1 billion. Photo of Chairman Arsenio Balisacan from Philippine Competition Commission

San Miguel buys Masinloc coal power plant for nearly $2 billion

Dec 18, 2017 - 4:15 PM

San Miguel Corporation tops other major power players in the Philippines for the facility, which has an installed capacity of 630 megawatts and is set to add another 300 by mid-2019

U.S. drugstore chain CVS to buy medical insurer Aetna for $69B

Dec 04, 2017 - 9:02 AM

The merger between CVS and Aetna comes amid rising medical costs for many citizens and employers, including prescription medicines

PHARMA GIANT. In this file photo, a sign is posted on the exterior of a CVS store on June 15, 2015 in San Francisco, California. Justin Sullivan/Getty Images/AFP

U.S. sues to block $85-B AT&T-Time Warner merger

Nov 21, 2017 - 7:06 AM

'This merger would greatly harm American consumers,' says Makan Delrahim, head of the US Justice Department's antitrust division

(COMBO) This combination of pictures created on October 21, 2016 shows AT&T cellphone store in Springfield, Virginia, on October 23, 2014, and the Time Warner company logo on the front of the headquarter building, 24 November, 2003, in New York. Saul Loeb and Stan Honda/AFP

Qualcomm rejects Broadcom's $130B merger bid

Nov 14, 2017 - 10:51 AM

The chip-maker spurns what would've been the largest ever merger offer in the technology sector

SNAPDRAGON. The US tech firm owns the Snapdragon brand, found in majority of the world's smartphones today. Image from Qualcomm


Chip-maker Qualcomm receives $130B bid from Broadcom

Nov 07, 2017 - 12:03 PM

The potential merger involving the leader in smartphone processors results in the consolidation of two major players in the semiconductor sector


RCBC: No talks with BDO, BPI on merger, sale of majority stake

Oct 27, 2017 - 2:03 PM

All 3 banks have moved to quash rumors fueled by RCBC’s rising stock in recent months

Google to buy part of Taiwan smartphone maker HTC for $1.1B

Sep 21, 2017 - 11:28 AM

(UPDATED) The agreement will give Google more control of its mobile handset hardware as it seeks to bolster its presence in a market dominated by Apple and Samsung

This photo taken on June 6, 2014 shows a man walks past a billboard showing the latest HTC M8 smartphone in Taipei. Sam Yeh/AFP

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

PSE withdraws PCC notification on PDS merger, to refile soon

Sep 13, 2017 - 6:08 PM

Once it completes information needed PCC says PSE intends to refile its PDS merger notification as soon as possible

MERGER SETBACK. The long-planned merger between the country's securities and bond markets is a priority for PSE president and chief executive officer Ramon Monzon. File photo

PSE plans to offer more shares to bring PDS merger closer

Aug 02, 2017 - 9:51 PM

The operator of the country’s stock exchange also announces a net income drop of 7 to P345 15 million for the 1st half of this year

Phoenix Petroleum seeks $126-M acquisition of Petronas Energy, Duta

Jul 06, 2017 - 9:25 PM

Before acquiring the two firms Phoenix Petroleum must secure the approval of the Philippine Competition Commission

ACQUIRE MORE. This comes after Phoenix and PDB (Netherlands) BV signed an MOU on planned 100% share acquisition of PEPI and its affiliate, Duta. Image from Phoenix Petroleum

MVP group still keen on GMA-7 stake

Jun 12, 2017 - 8:30 AM

We are open anytime but the offer must be acceptable to us says Manuel V Pangilinan

REVIVAL? Manuel Pangilinan, however, clarifies that as of June 9 this year, there are "no discussion yet" between his and Gozon's groups. Photo by Martin San Diego/Rappler

Global Business Power to acquire 50% stake in Alsons

Jun 05, 2017 - 3:50 PM

Through its deal with the Alsons group Global Business Power will now reach the Mindanao market

STRATEGIC ALLIANCE. Under the agreement, Global Business Power will acquire a 50% stake in Alsons Thermal Energy Corporation (ATEC) – the holding company for ACR’s baseload coal-fired power plant assets. Rappler file photo

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

EU fines Facebook 110 million euros over 'misleading' info in WhatsApp takeover

May 18, 2017 - 5:39 PM

Facebook didn t disclose the possibility of linking WhatsApp users phone numbers with Facebook users identities says the European Commission

New PSE president to focus on PDS merger, lowering broker ownership

May 08, 2017 - 11:15 AM

Ramon Monzon says the Philippine Stock Exchange wants the long planned merger between the country s securities and bond markets to happen by July

AOL and Yahoo to be combined into a unit called Oath

Apr 04, 2017 - 5:02 PM

The merging of the two internet brands takes place after US telecoms giant Verizon consummates the purchase of Yahoo s internet business

WINNING EQUATION? The embattled internet brand undergoes a name change.

Ayala Corp takes 43.3% stake in Zalora PH

Feb 23, 2017 - 9:35 PM

This acquisition is part of Ayala s strategy to invest in innovative businesses especially in the digital space

Fitness First dan Celebrity Fitness merger

Feb 23, 2017 - 10:28 AM

Celebrity Fitness dan Fitness First Asia mengumumkan merger yang akan menciptakan salah satu jaringan klub fitness terbesar di Asia

Ilustrasi member Fitness First berlatih di salah satu pusat kebugaran mereka. Foto dari Fitness First

PCC: P1B threshold stays for reviewing mergers, acquisitions

Feb 21, 2017 - 7:25 PM

The Philippine Competition Commission says the country s threshold is reasonable and similar to those in economies of comparable size

THRESHOLD. Under Republic Act (RA) No. 10667 – also known as the Philippine Competition Act – the antitrust regulator should be notified for M&A deals whose transaction values are above P1 billion before the transaction is consummated. Photo from Philippine Competition Commission

Kraft Heinz withdraws $143B takeover bid for Unilever

Feb 20, 2017 - 7:13 AM

Strong resistance from Unilever reportedly persuades Kraft Heinz to back out

GLOBAL BRAND. A picture taken on June 5, 2015 shows employees walking pass the logo of Unilever at the headquarters in Rotterdam. John Thys/AFP

MVP open to reviving talks with GMA

Dec 24, 2016 - 11:15 AM

Manuel V Pangilinan reacts to GMA Network s major shareholders pronouncement that they are open to selling their shares at the right price

SIGNALS INTEREST. 'It is too late to do anything for 2016, but we're always open. A lot of it depends really on how our numbers would look like for 2017,' PLDT President and CEO Manuel V. Pangilinan says. Rappler file photo

Gozon open to sell GMA's controlling stake in 2017

Dec 17, 2016 - 1:55 PM

The GMA Network chief says his camp and the Duavit and Jimenez groups are willing to sell all their shares if the price is right

VERGE OF TAKING OFF. 'We are willing to sell all,' GMA Chairman Felipe Gozon (3rd from left) says. In the photo are GMA executives. Photo by Chrisee Dela Paz/Rappler

Asahi says paying $7.7B for AB InBev's eastern European business

Dec 14, 2016 - 9:49 AM

The takeover – also the largest by a Japanese beer company – includes popular Czech beer Pilsner Urquell and other businesses in Hungary Poland Romania and Slovakia

In this photo illustration, bottles of Pilsner Urquell from the Czech Republica are seen on December 13, 2016 in Miami, Florida. Joe Raedle/Getty Images

Jollibee divests in San Pin Wang for P650M

Dec 13, 2016 - 4:35 PM

Jollibee says the divestment is in line with its plan to focus on building its Yonghe King business its largest venture in China

IMPORTANT MARKET. Jollibee's China operations has been on a decline due to stiff competition. China is one of the most important overseas markets for Jollibee outside the Philippines. Rappler file photo

AT&T deal: Merger for new media era or a bad remake?

Oct 24, 2016 - 9:33 AM

Analysts say the deal faces multiple challenges including winning regulatory clearance for a massive merger affecting tens of millions of consumers and successfully combining two different kinds of companies one in content and the other in delivery

People walk past an AT&T store in New York on October 23, 2016. Kena Betancur/AFP

AT&T eyes new media future with mega-deal for Time Warner

Oct 23, 2016 - 7:23 AM

UPDATED A union of the two media titans – together worth more than 300 billion in market value – is certain to face tough scrutiny from antitrust regulators because of potential ripple effects across media platforms

(COMBO) This combination of pictures created on October 21, 2016 shows AT&T cellphone store in Springfield, Virginia, on October 23, 2014, and the Time Warner company logo on the front of the headquarter building, 24 November, 2003, in New York. Saul Loeb and Stan Honda/AFP

Bayer sets $66B deal for Monsanto after lengthy pursuit

Sep 14, 2016 - 9:40 PM

UPDATED Regulators and Monsanto shareholders still have to approve the deal which environmentalists criticize as a marriage made in hell

(COMBO) This combination of file pictures created on September 14, 2016 shows the logo of German pharmaceutical giant Bayer (L, on September 8, 2016 in Leverkusen) and the logo of Monsanto at it's Belgian manufacturing site and operations centre (on May 24, 2016 in Lillo near Antwerp).  German pharmaceutical and chemical group Bayer is preparing to increase its takeover offer for US seeds and pesticides giant Monsanto for a fourth time, a report said on September 13, 2016. / AFP PHOTO / Patrik STOLLARZ AND John THYS

Landbank-DBP merger stopped

Sep 07, 2016 - 12:55 PM

Finance Secretary Carlos Dominguez III says the main rationale behind the decision is that the two institutions serve different functions

Mondelez drops merger plans with Hershey

Aug 30, 2016 - 6:52 AM

The announcement comes nearly two months after Hershey the maker of Reese s Peanut Butter Cups and Hershey s Kisses rejected a 23 billion takeover offer from Mondelez

MONDELEZ BID. Hershey's chocolate bars for sale in Chicago, Illinois on July 15, 2014. File photo by Scott Olson/AFP

IRR of Philippine Competition Act now out

Jun 04, 2016 - 3:44 PM

The revised IRR is released just days after Globe and PLDT announced the P69 1 billion deal to buy all of San Miguel s telecom business

TWIN TOWERS. Lack of competition is most conspicuous in the the telco and energy sectors