SYDNEY: Nine Entertainment Co. (ASX: NEC) announced Monday that its subsidiary, Stan, has agreed to acquire selected assets of Optus Sport, including media rights for the Premier League and Emirates FA Cup, in a deal set to enhance its sports streaming portfolio. The acquisition, effective Aug. 1, includes Optus Sport’s media rights agreements, subscriber contracts…
Dalata to open first hotel in Berlin in partnership with Deka Immobilien
BERLIN: Dalata Hotel Group plc, the largest independent four-star hotel operator in the UK and Ireland, has signed a lease agreement with Deka Immobilien to operate a new Clayton Hotel in Berlin, marking its first property in the German capital. The 274-room property, currently operating as the Novotel Berlin Am Tiergarten, is undergoing an 18-month…
ActiveOps acquires workforce optimization firm Enlighten in $21.5 million deal
LONDON: ActiveOps plc (AIM: AOM), a global leader in Decision Intelligence software for service operations, has acquired Enlighten, a workforce optimization software and professional services firm, in a deal worth up to $21.5 million (£15.9 million). The acquisition, funded through existing cash reserves and future operating cash flow, is expected to double ActiveOps’ North American revenue and expand its footprint in the Asia-Pacific (APAC)…
River Global to acquire Devon Equity Management in to bolster European equities expertise
LONDON: River Global PLC, an agile asset and wealth management firm, has signed heads of terms to acquire Devon Equity Management Limited, marking a significant expansion into European equity investment. Under the proposed deal, Devon’s senior management—who own the firm—will receive up to 41 million A Ordinary Shares in River Global. This comprises an initial…
Chemring Group to acquire Landguard Nexus in £20 million deal
FAREHAM: Defense technology company Chemring Group PLC announced Monday the conditional acquisition of Landguard Nexus Limited and its subsidiaries in a deal worth up to £20 million ($25.4 million). The acquisition, pending approval under the U.K. National Investment and Security Act, aims to expand the capabilities of Chemring’s Roke business, a specialist in cyber and…
Eagle Eye acquires Dublin-based Promotional Payments Solutions for €5.5 million
LONDON: Eagle Eye, a UK-based SaaS and AI technology firm, announced Monday it has acquired Dublin-based Promotional Payments Solutions Limited for a net consideration of €5.5 million, in a move to deepen its footprint in the fast-growing market of CPG-funded couponing and digital loyalty solutions. The acquisition brings new enterprise customers into Eagle Eye’s portfolio…
Torrent Pharma to acquire JB Chemicals from KKR in $3 billion deal, paving way for merger
MUMBAI: Torrent Pharmaceuticals Ltd. on Sunday said it has entered into definitive agreements to acquire a controlling stake in JB Chemicals and Pharmaceuticals Ltd. from global investment firm KKR in a deal valued at ₹25,689 crore ($3 billion) on a fully diluted basis, to be followed by a merger of the two companies. The acquisition…
BNP Paribas to acquire HSBC’s German Custody Business
FRANKFURT: BNP Paribas announced Thursday that its Securities Services business has agreed to acquire the custody and depositary bank operations of HSBC Continental Europe S.A. in Germany, pending regulatory approvals. The deal will bolster BNP Paribas’ position as a top custodian and depositary bank in Germany, aligning with its growth strategy in institutional funds and financial…
Altimetrik to acquire SLK Software to boost AI, digital engineering services
DETROIT: Altimetrik, an AI, data and digital engineering solutions company, announced Thursday it has signed a definitive agreement to acquire SLK Software, a global technology services firm specializing in AI, intelligent automation and analytics. The deal will enhance Altimetrik’s end-to-end services and expand its customer base, advancing its goal of reaching $1 billion in annual…
Stocks soar to record highs despite trade turbulence: What’s next for markets?
“Dow Jones Surges 400 Points as Tech Stocks Rally; Nike Leads Gains” Wall Street shrugged off fresh trade tensions Friday as the S&P 500 and Nasdaq Composite surged to record highs, fueled by optimism over U.S.-China trade progress and expectations of Federal Reserve rate cuts later this year. Markets Hit New Peaks The S&P 500…
McGraw Hill files for U.S. IPO
McGraw Hill, a leading textbook publisher and educational course provider owned by billionaire Tom Gores’ Platinum Equity, filed for an initial public offering (IPO) in the U.S. on Friday, according to a statement. The move comes nearly four years after Platinum Equity acquired the company for $4.5 billion and aligns with a resurgence in the…
Rytoriacap acquires ASC Engineered Solutions’ Blossburg Foundry
BLOSSBURG: Rytoriacap Inc. (“Rytoria”), a North American leader in circular metal processing and recycling, has acquired ASC Engineered Solutions’ foundry and associated facilities in Blossburg, Pennsylvania, the companies announced Thursday. The sale follows ASC’s effort to find a buyer committed to maintaining the site as an active part of Tioga County’s industrial economy. “Blossburg is…