DoorDash will acquire Instacart in $17 billion deal
DoorDash will purchase Instacart in a cash and stock deal representing a 26% premium on Instacart’s stock price on October 22, the company said.
Acquisition
Netflix buys Ben Affleck’s AI company shortly after ditching Warner Bros. acquisition
Affleck says the company’s AI technology is not about “generating something from nothing,” but instead can be used to help with filmmaking aspects like coloring, lighting and visual effects.
Kimberly-Clark buys embattled Tylenol maker Kenvue in $48 billion deal
President Donald Trump has claimed Kenvue’s pain reliever is a potential cause of autism, despite clear evidence.
Singaporean billionaire’s Ho Bee Land sparks bidding war for Australia’s AVJennings
Ho Bee Land—controlled by Singaporean billionaire Chua Thian Poh—has offered to buy AVJennings in a deal valuing the Australian home builder at A$391 million ($242 million), sparking a bidding war with American real estate giant Proprium Capital Partners.
For Boeing, buying Spirit is only the start of solving its problems
Boeing has announced its acquisition of its largest supplier, Spirit AeroSystems. It may be the best of bad options for the embattled companies, but it will take Boeing years to straighten out the money-losing supplier and the quality problems that have bedeviled both of them.
Cisco stock dips 4% after US$28 billion Splunk acquisition
Cisco notched its worst day in five months after unveiling the largest takeover in its history.
Zimmermann now Australia’s highest-valued fashion brand after billion dollar deal
US private equity firm Advent International has bought a majority stake in womenswear label Zimmermann, setting a new bar in the Australian fashion industry with the $1.5 billion acquisition.
$152 million acquisition spree turns Liven into one of Australia’s fastest-growing startups
Australian hospitality technology group Liven has acquired four tech companies worth a combined $152 million, in a bid to fuel international expansion.
Why ESG is sinking business takeover negotiations
Mergers and acquisitions are being abandoned over ESG concerns, with buyers unwilling to risk reputational damage in pursuit of growth.
Australian M&A – is 2023 the year of a crisis?
Most buyers do now have a clear strategy, have adjusted to higher debt levels and are looking for high quality targets.