Mergers and acquisitions

SoftBank-backed metaverse firm Improbable sells a key gaming venture for $97 million

Metaverse company Improbable has sold one of its key gaming ventures to London-listed video game developer Keywords Studios for £76.5…

Macy’s shares surge 21% after it receives $5.8 billion buyout offer

Arkhouse Management and Brigade Capital Management have offered to buy Macy’s for $5.8 billion, people familiar with the matter told…

Vietnamese companies eye the U.S. IPO market amid a lull in Chinese listings

BEIJING — A new group of Asia-based companies are contemplating initial public offerings in the U.S., where international listings were…

Manchester United set to confirm 25% stake sale to petrochemicals billionaire Ratcliffe: Report

LONDON — Manchester United will next week announce that British petrochemicals billionaire Jim Ratcliffe will take a 25% stake in…

Trump’s social media company has lost over $31 million since its launch, faces potential shutdown

[Editor’s Note: This article and headline have been corrected to state that Trump Media and Technology Group, the parent company…

Trump’s social media company has lost over $31 million since its launch, faces potential shutdown

[Editor’s Note: This article and headline have been corrected to state that Trump Media and Technology Group, the parent company…

Alphabet-backed GoCardless considers takeovers as CEO expects a barrage of consolidation

GoCardless, the British fintech company backed by Alphabet’s venture capital fund GV, is considering more mergers and acquisitions as it…

After blockbuster Microsoft deal, gaming giants are still sitting on $45 billion cash hoard

Publicly listed gaming companies are sitting on a $45 billion pile of cash and cash equivalents — and that could…

Microsoft’s $69 billion Activision Blizzard takeover approved by UK, clearing way for deal to close

Britain’s top competition watchdog on Friday gave the green light to Microsoft’s proposed $69 billion takeover of gaming firm Activision…

Ark CEO Cathie Wood says she avoided the Arm IPO frenzy. Here’s why

Ark Invest CEO Cathie Wood said she did not participate in Arm’s blockbuster initial public offering last week because she…