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acquisition

Companies 2 years ago

PREMIUM
OLX confirms Astra’s plan to acquire its Indonesian web platform

The acquisition of OLX Autos will give Astra International a stronger position in the secondhand market.

Markets 2 years ago

Global M&A activity plunges in Q2 but dealmakers see green shoots

Global mergers and acquisitions (M&A) activity fell 36 percent year-on-year in the second quarter, but investment bankers and lawyers expressed optimism that the stock market's recovery will gradually restore chief executives' dealmaking confidence.

Companies 2 years ago

PREMIUM
Standard Chartered Indonesia to sell retail loan portfolio to Bank Danamon

Standard Chartered Indonesia has announced plans to sell its credit card, personal loan, mortgage and auto loan business to a local unit of MUFG.

Companies 3 years ago

HSBC buys failed US bank SVB's UK arm for £1

The deal, overseen by the Bank of England and the Treasury, comes after SVB collapsed Friday sparking panic in Britain over its customers in the technology and life science sectors.

Companies 3 years ago

Indika acquires Perkasa Investama Mineral in turn away from coal

Publicly listed coal miner PT Indika Energy, through its subsidiary PT Indika Mineral Investindo, has completed a US$5 million acquisition of bauxite miner PT Perkasa Investama Mineral in a move to diversify its business away from coal.

Companies 3 years ago

Twitter slides after Musk's $44 billion deal falls apart

Musk, the chief executive officer of Tesla Inc, said on Friday he was terminating his deal to buy Twitter because the company had breached multiple provisions of the merger agreement.

Science & Tech 3 years ago

Elon Musk says Twitter legal team told him he violated an NDA

"Twitter legal just called to complain that I violated their NDA by revealing the bot check sample size is 100!" tweeted Musk, chief executive of electric car maker Tesla Inc.

Science & Tech 3 years ago

Elon Musk puts on hold $44-billion deal for Twitter

Shares of the social media company fell 17.7 percent to $37.10 in premarket trading, their lowest level since Musk disclosed his stake in the company in early April and subsequently made a "best and final" offer to take it private for $54.20 per share.

Science & Tech 3 years ago

Elon Musk secures $7.1 billion to finance Twitter deal

Musk, chief executive of Tesla and SpaceX, listed 18 investors who agreed to cash investments including Ellison ($1 billion), Sequoia Capital ($800 million) and Vy Capital ($700 million).