Mergers & acquisitions
Tyro’s second takeover approach tumbles at eleventh hour
Private equity firm Potentia Capital has walked away from the Mike Cannon-Brookes-backed fintech Tyro Payments after gaining access to its books.
- by Millie Muroi
Latest
Pokies giant takes $1.5b gamble on Israeli gaming outfit
Aristocrat Leisure will acquire NeoGames in a push to firm up its position in the online lottery market after a failed bid for another gaming firm last year.
- by Millie Muroi
Newcrest backs Newmont’s $29b takeover bid to form global gold giant
In a deal that would be the largest in gold mining history, Newcrest has agreed to back a takeover offer that values the company at nearly $29 billion.
- by Nick Toscano
Updated
Gaming & wagering
PointsBet seals $225 million US sale to Jay Z-backed Fanatics
Fanatics Sportsbet will acquire PointsBet’s US operations, but the ASX-listed wagering company will retain its Australian and Canadian outfits.
- by Amelia McGuire
Updated
JP Morgan Chase
JPMorgan buys First Republic Bank after bank seized by regulators
JPMorgan Chase & Co. agreed to acquire First Republic Bank in a government-led deal for the failed lender, putting to rest one of the biggest troubled banks remaining after turmoil engulfed the industry in March.
- by Hannah Levitt, Katanga Johnson, Gillian Tan and Katherine Doherty
7-Eleven’s convenience store chain up for sale
The two families who own the 7-Eleven franchise in Australia have formally announced that the business is for sale.Â
- by Colin Kruger
Best & Less primed for facelift as retail veterans lob takeover bid
A bid for Best & Less from Brett Blundy & Ray Itaoui has opened the door for a brand refresh and new online strategy.
- by Emma Koehn
Opinion
For subscribers
A bittersweet pill: Why Marcus Blackmore sold his vitamin company
To say Blackmore was at odds with the performance of the board and its chief executive is the mother of all understatements.
- by Elizabeth Knight
Beer and fish oil: Why this Japanese drinks giant wants Blackmores
Japanese brewing giant Kirin will cement Blackmores’ global expansion plans as part of a broader push into the wellness industry.
- by Emma Koehn
The $105b call: Microsoft seething as biggest tech deal in history is blocked
Call of Duty is at the centre of a decision by UK regulators to block Microsoft’s purchase of video game maker Activision Blizzard.
- by Kelvin Chan
Opinion
Glencore
Gatecrashed: The $35b decision that could shake up the mining world
A shareholder vote in Canada has the potential to reshape both the hottest sector of the resources sector and its coldest.
- by Stephen Bartholomeusz