MELBOURNE, AUSTRALIA: Vinyl Group (ASX: VNL) has entered into a binding Share Sale Agreement to fully acquire Australia’s largest youth publisher The Brag Media including its premium network of mastheads and events funded by a new investment by WiseTech Global (ASX: WTC) Founder and CEO Richard White. The Brag Media publishes owned outlets TheBrag.com, The…
Shayne Elliott, CEO of ANZ Group, outlines ambitious plans and optimistic outlook
Shayne Elliott, the CEO of ANZ Group, addressed the shareholders at the Annual General Meeting (AGM) on Wednesday, December 20, 2023. He shared the highlights of the Group’s performance in the past year, as well as the challenges and opportunities ahead. Strong results driven by people and culture Elliott began his speech by thanking the…
Toys R Us CEO Penny Cox outlines the company’s turnaround strategy
Toys R Us, the iconic toy retailer, has faced significant challenges in the past year, but is confident of its future prospects under new leadership and technology. In a presentation to shareholders and media, CEO Penny Cox highlighted the company’s achievements and plans for the next year. Key achievements in 2023 Despite the difficulties posed…
Aon will acquire NFP, an insurance broker, for $13.4 billion
Aon, a management consulting firm, announced on Wednesday that it will acquire NFP, an insurance broker, for $13.4 billion. The acquisition will help Aon grow in the middle-market segment, which covers risk, benefits, wealth and retirement plan advisory. The insurance sector is resilient in a volatile economy, as many policies are either provided by employers…
Frasers Group has acquired MATCHES business from MF Intermediate for £52mn
LONDON, UK: Frasers Group plc announced the acquisition of the MATCHES business from MF Intermediate Limited, a subsidiary of funds advised by Apax Partners, by way of the purchase of 100% of the shares of a group of 6 companies and the acquisition of the senior and junior debt owed by those companies. MATCHES is…
Zenith Energy to acquire 50% stake in UK-based Devonian Petroleum
LONDON, UK: Zenith Energy, a Canadian oil and gas company, has announced a deal to buy 50% of Devonian Petroleum Limited, a UK-based private oil company with exploration rights in Kazakhstan, for about $5 million. Devonian owns 99% of DP Energy, a local subsidiary that holds a joint exploration and production contract for the Akkudukski…
The Problems and Pitfalls of Google’s Helpful Content Update
In September 2023, Google rolled out a major algorithm update called the Helpful Content Update. The aim of this update was to improve the quality and relevance of the search results by rewarding websites and blogs that provide helpful, comprehensive, and authoritative content to the users. However, the update had some unintended consequences. Many websites…
Directa Plus acquires cutting-edge graphene technology for batteries and polymers
LONDON: Directa Plus PLC, a leading graphene producer and supplier, has announced a landmark deal with an Italian innovator to acquire the know-how for a system that can create tailored graphene compounds for batteries and polymers. The acquisition will allow Directa Plus to offer its customers in these markets a single, easy-to-use format of its…
Daihatsu and Toyota halt shipments of 64 models after certification scandal
Daihatsu Motor Co., Ltd. (Daihatsu) and Toyota Motor Corporation (Toyota) announced on Wednesday that they will temporarily suspend shipments of all Daihatsu-developed models currently in production, both in Japan and overseas, after an investigation revealed widespread procedural irregularities in the certification process. The investigation, conducted by an independent third-party committee chaired by Makoto Kaiami, found…
Codex Acquisitions signs terms to acquire TNE – Technologies New Energy for up to £33 million
LONDON, UK: Codex Acquisitions plc (LSE: CODX) has entered into non-binding heads of terms (HOTs) to acquire the entire issued share capital of TNE – Technologies New Energy S.A. (TNE), a sociedade anónima incorporated in Portugal operating in the renewable energy sector, in consideration for an issue of new ordinary shares of nominal value 10…
Cordiant’s České Radiokomunikace to acquire Cloud4com and DC Lužice for £52.1mn
LONDON, UK: Cordiant Digital Infrastructure Limited announced that its Czech portfolio company, České Radiokomunikace a.s. (CRA), has agreed to acquire a pair of businesses from Aricoma a.s. in the data centre and cloud services market, Cloud4com and DC Lužice. The transactions represent a significant advance in both the scale and capability of České Radiokomunikace in…
ETC Holdings offers to acquire Shanta Gold Limited for $141.95 million
LONDON, UK: Saturn Resources Ltd, a wholly-owned subsidiary of ETC Holdings (Mauritius) Limited, reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued share capital of Shanta Gold Limited. Under the terms of the acquisition, Shanta shareholders (other than any member of the buyer group) will be…