M&A
Bank of America to sell $87-bn money-market fund business to BlackRock
04 Nov 2015
The transaction is expected to increase BlackRock's global cash-management business to $372 billion from about $285 billion
Lockheed Martin expects to close $9 bn acquisition of Sikorsky Aircraft this week
04 Nov 2015
The acquisition of Sikorsky is the biggest by Lockheed since its $10-billion purchase of Martin Marietta in 1995, and also the biggest aerospace deal after the 2012 acquisition of Goodrich by UTC for over $16 billion
Activision Blizzard acquires mobile gaming firm King Digital for $5.9 bn
04 Nov 2015
The acquisition is the biggest-ever for a mobile gaming company and pips Microsoft's $2.5-billion purchase of Swedish game maker Mojang last year
Visa Inc to buy back Visa Europe for €21 bn
03 Nov 2015
Global electronic payment giant Visa Inc is acquiring its former subsidiary Visa Europe Ltd to take on arch rival MasterCard
Nissan seeks to break free of Renault control
30 Oct 2015
Nissan has drawn up plans to purchase a larger stake in partner Renault as chief executive Carlos Ghosn seeks to reduce control by the French state, Renault’s largest shareholder
Samsung to sell chemicals businesses to Lotte Group for $2.6 bn
30 Oct 2015
Samsung is selling its chemicals business and stake in Samsung Fine Chemical in order to raise capital and invest in the rapidly growing automotive battery business
Samsung announces $10-bn buyback
29 Oct 2015
Samsung will tap into its $50-billion cash pile to buy back shares and invest in its components business
Pfizer, Allergan mull largest pharma merger
29 Oct 2015
US drug giant Pfizer Inc and Irish pharmaceutical company Allergan Plc are weighing a merger plan, which would create the world’s largest drug company with a market cap of more than $300 billion
Texas Instruments in talks to buy rival chipmaker Maxim Integrated Products
29 Oct 2015
Texas Instruments is the world’s third-largest manufacturer of semiconductors AND the second-largest supplier of chips for cellular handsets