M&A
US energy firms MPLX and MarkWest to merge in $20-bn deal
14 Jul 2015
The combination of Marathon Petroleum-sponsored MPLX will create the fourth-largest US publicly traded limited partnership with a market capitalisation of $21 billion
Australian telcos vie for Netflix tie-up
13 Jul 2015
Australia’s top mobile operators are set to begin a bidding war over securing a deal with US streaming video giant Netflix Inc, as the company’s partnership with Australia’s No. 2 operator Singtel-Optus has come to an end
Microsoft to cut 7,800 jobs, write down $7.6 bn loss
09 Jul 2015
Through the job cuts, computer giant Microsoft will write off nearly all the $9.5 billion it paid to acquire Nokia just two years ago
Russia’s Rosneft to buy 49% stake in Essar oil refinery
09 Jul 2015
Rosneft will gain a significant share in one of the biggest refineries in the Asia-Pacific region, expanding its market, particularly at a time when Russia is burdened with western sanctions
Ireland’s Horizon Pharma launches $3-bn hostile buyout bid for US rival Depomed
08 Jul 2015
The combined entity will have 13 marketed drugs, which nearly doubles Horizon’s current portfolio of seven,and is expected to result in 2015 net sales of over $950 million