Facebook, the world's most popular social network, gained European Union clearance on Friday for its proposed $19 billion takeover of mobile messaging startup WhatsApp in a deal setting it against the telecoms industry.
Roche plans to steer clear of the wave of big takeovers sweeping through the healthcare industry and focus instead on small acquisitions and partnerships, the Swiss drugmaker's chief executive said in an inte
India's market regulator has issued a show-cause notice to Etihad Airways, asking whether the Abu Dhabi-based carrier violated takeover rules in acquiring a 24 percent stake in Jet Airways, a source with direct knowledge of the matter said.
Dubai-based conglomerate Al Futtaim Group is eyeing its first investment in sub-Saharan Africa with an offer worth $86 million to take full control of Nairobi-listed car retailer CMC Holdings.
Al Futtaim will offer 13 shillings ($
France's Schneider Electric is to buy British engineer Invensys for an agreed 3.4 billion pounds ($5.2 billion) to strengthen its high-margin industrial automation business and win more custom in the fast-growing energy sector.
(The author is a Reuters Breakingviews columnist. The opinions expressed are her own)
A scarcity of takeover targets is feeding a desperate scramble in Middle East telecoms M&A. Bahrain's incumbent operator Batelco is eyei
Qatar's sovereign wealth fund is seeking partners to launch an 8 billion pound ($12.10 billion) bid for British retailer Marks & Spencer, the Sunday Times reported, citing senior City sources.
Marks & Spencer, a FTSE 1
The National Bank of Bahrain (NBB) is likely to acquire the loss-making Bahrain Islamic Bank (BisB) and give itself an Islamic finance arm, said a top official.
"We are in talks with BisB and we expect to make an announcement
Islamic Bank of Britain (IBB), the country's only sharia-compliant retail lender, said a deadline for a Qatari bank to decide on a proposed takeover offer had been extended to January.
IBB is majority-owned by Qatar Internatio
Shareholders in commodities trader Glencore have overwhelmingly approved its long-awaited $31 billion takeover of miner Xstrata, paving the way for one of the largest tie-ups in the sector to date.
After nine months of tense negot