Kroger Closes 60 Stores, 1,000 Jobs Lost After Merger Fails
US grocery giant Kroger is closing 60 underperforming stores, leading to 1,000 job losses, as part of a restructuring plan following the blocked $24.6 billion merger with Albertsons.
Category : Acquisitions
Paramount Skydance Boosts Warner Bros Discovery Bid in Netflix Battle
Paramount Skydance has reportedly increased its offer for Warner Bros Discovery, intensifying a bidding war with Netflix. Details remain undisclosed as political tensions and regulatory scrutiny shape the high-stakes media acquisition.
Australian Start-Up Staff Become Millionaires in $1.6bn Takeover
Over 100 employees at Australian telehealth firm Eucalyptus have become overnight millionaires after US giant Hims & Hers acquired the company for $1.6 billion, with staff shares valued at approximately $300 million.
Zoopla Buys Newhomesforsale.co.uk in New Build Push
Property portal Zoopla has purchased newhomesforsale.co.uk for an undisclosed sum, aiming to strengthen its new build offerings and deepen relationships with UK home builders.
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Paramount Raises Warner Bros Bid to Disrupt Netflix Deal
Paramount Skydance has submitted an improved offer for Warner Bros Discovery, escalating a bidding war for Hollywood assets like Harry Potter and Game of Thrones. The move aims to address financing concerns and challenge Netflix's rival bid.
Ex-DJ Jailed for £7m Fake Aircraft Parts Scam from Home
Jose Alejandro Zamora Yrala, a former techno DJ, has been sentenced to four years and eight months for selling nearly £7 million in counterfeit aircraft engine parts, causing global flight disruptions and £39.3 million in airline losses.
Telegraph Bid Rival Eyes Legal Action Over UK Government DMGT Deal
Rival bidders for the Telegraph may seek a judicial review after Culture Secretary Lisa Nandy lifted restrictions on Daily Mail publisher DMGT's option to buy the newspaper group, raising concerns over media plurality and competition.
Netflix CEO Defends Warner Bros Bid Amid Trump Clash
Ted Sarandos argues Netflix's takeover of Warner Bros Discovery will boost the UK film industry, as Donald Trump demands board changes and Paramount counters with a rival offer.
Johnson Matthey Cuts CT Division Sale Price by 26%
Specialty chemicals firm Johnson Matthey has reduced the sale price of its Catalyst Technologies business to Honeywell by over a quarter to £1.33 billion, extending the deal deadline amid market challenges.
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Johnson Matthey Cuts CT Sale Price by 26% to £1.33bn
Specialty chemicals firm Johnson Matthey has agreed to reduce the sale price of its Catalyst Technologies division to Honeywell by over a quarter, from £1.8 billion to £1.33 billion, citing challenging market conditions.
JPMorgan Admits Closing Trump Accounts After Jan. 6
JPMorgan Chase has confirmed it closed accounts belonging to Donald Trump and his businesses in February 2021, following the events at the US Capitol on January 6.
Mahomes, Kelce Sued Over Steakhouse Name 1587 Prime
Kansas City Chiefs stars Patrick Mahomes and Travis Kelce are being sued by a Boston sneaker company over the name of their new steakhouse, 1587 Prime, and its apparel brand. The lawsuit alleges trademark infringement.
BrewDog Founder James Watt Launches £10 Million Rescue Bid
James Watt, the controversial co-founder of BrewDog, is investing £10 million of his own money in a bid to buy back the struggling craft beer company, which has been put up for sale after years of significant losses.
German Pro-EU Publisher Axel Springer Bids for Telegraph
Axel Springer, a German publishing group supporting a united Europe, has launched a last-minute bid to acquire the Eurosceptic Telegraph newspaper, rivalling DMGT's advanced £500m deal.
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CBS News Turmoil: Ellison Influence Aligns with Trump Agenda
Recent events at CBS, including Anderson Cooper's departure and Stephen Colbert's challenges, highlight a broader crisis of editorial independence amid corporate and political pressures.
Axel Springer Joins Rival Telegraph Bid Amid Regulatory Hurdles
Politico owner Axel Springer has joined a consortium led by Dovid Efune in a rival bid for the Telegraph, as the proposed £500m sale to Daily Mail owner Lord Rothermere faces months of regulatory scrutiny over media plurality concerns.
Franco Manca Owner Considers Sale or Restructure in Tough Market
Fulham Shore, owner of Franco Manca and The Real Greek, has hired advisers to review strategic options including potential sale or restructure amid challenging market conditions.
Dave Lewis to Unveil Diageo Turnaround Strategy This Week
New Diageo CEO Sir Dave Lewis will present his vision for the drinks giant this Wednesday, revealing half-year results and plans to revive sales amid global consumer caution.
BrewDog Founder Called 'Charlatan' by Equity Punks
BrewDog's small investors fear losing their money as the company considers a sale. Founder James Watt faces backlash over potential buyout plans.
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Anglo American's £2.8bn Loss After De Beers Write-Down
Mining giant Anglo American reported net losses of £2.8 billion for 2025, largely due to a £1.7 billion impairment charge on its De Beers diamond business amid challenging market conditions.
eBay Buys Depop for $1.2B to Attract Younger Demographic
eBay has purchased second-hand fashion app Depop from Etsy for $1.2 billion, aiming to appeal to Gen Z and Millennial consumers focused on sustainability.
eBay Buys Depop for £890M to Target Gen Z Shoppers
eBay has agreed to purchase second-hand clothing app Depop for £890 million from Etsy, aiming to attract younger consumers and boost long-term growth in sustainable fashion.
eBay Buys Depop for $1.2B to Target Gen Z Fashion
eBay has purchased secondhand fashion app Depop from Etsy in a $1.2 billion cash deal, aiming to capture the Gen Z market with its 7 million active buyers under 34.
eBay Buys Depop from Etsy for $1.2 Billion to Attract Gen Z
eBay purchases secondhand fashion app Depop from Etsy for $1.2 billion in cash, aiming to capture the Gen Z market with a focus on sustainable and affordable fashion.
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Nestle Sells Ice Cream Business as Formula Recall Hits Profits
Nestle confirms advanced negotiations to sell its remaining ice cream business to Froneri, while reporting a £71.9 million profit impact from baby formula recalls and restructuring costs.
eBay Buys Depop for $1.2bn to Target Youth Market
eBay purchases secondhand fashion marketplace Depop from Etsy for $1.2bn in cash, aiming to capture younger demographics and expand in the growing resale market.
eBay Buys Depop for $1.2B to Attract Younger Shoppers
eBay purchases secondhand fashion app Depop from Etsy in a $1.2 billion cash deal, aiming to expand its reach among Gen Z consumers and capitalise on the growing resale market.
DoorDash Q4 Growth Strong Despite Rising Costs
DoorDash's Q4 revenue surged 38% with 903 million orders, but stock fell due to high costs for autonomous robots and drone delivery tests.
FCC Chair Approves Nexstar-Tegna Merger, Forming Broadcast Giant
FCC Chairman Brendan Carr has endorsed the $3.54 billion acquisition of Tegna by Nexstar, a move set to create the largest regional TV station operator in the United States.
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Brewdog Investor Fears £12,000 Loss in Equity for Punks
A Suffolk man who invested £12,000 in Brewdog's Equity for Punks crowdfunding scheme six years ago now fears losing everything as the company prepares for a sale that could leave ordinary investors with nothing.
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