Deals

Citi, Lazada combine force for SE

The two prominent firms reveals a new partnership all over the key markets in Southeast Asia. The union of Citi gives region-wide promotions to its credit cardholders who are Lazada customers as well.

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The U.S. Justice Department Sued ValueAct for Violating Disclosure Rule

Department of Justice filed lawsuit against ValueAct Capital last week, related to Halliburton and Baker Hughes merger. Meanwhile, ValueAct on Monday claimed no wrongdoing and will defend its position.

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McCormick Withdrew From Premier Foods Acquisition, Bid Too Pricey

McCormick will no longer acquire Premier Foods as it cannot provide the offer acceptable to the latter. Due to failure of the said talks, Premier was left to "fend for itself" for the company's success while seeking alliance with Japan's Nissin Food Corporation.

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EU Resumed Investigation on Halliburton and Baker Hughes Deal

European Union antitrust regulator resumed its review on the takeover of Baker Hughes by Halliburton. European Commission plan to reach decision in August whether to approve or veto the deal.

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California Judge Agreed Charter's Acquisition of Time Warner Cable With Conditions

The decision was announced on Tuesday. California administrative law judge recommended to approve acquisition of Time Warner Cable by Charter Communications with significant conditions.

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Dell plans IPO to enhance its bought out SecureWorks' valuation

Dell is mulling over an initial public offer (IPO) for its recently acquired SecureWorks. Dell is also planning to spin off SecureWorks after the IPO which is expected to enhance the valuation of SecureWorks from $154.9 million $1.4 billion.

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Charter Communication CEO Met FCC Regarding Acquisition of Time Warner Cable

Tom Rutledge has met FCC chairman Tom Wheeler last week to talk the acquisition. As the merger has already been past its late March informal deadline for approval.

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Greybull Capital Acquires Tata Steel, Revives British Steel, Saves Jobs

The acquisition of Greybull Capital of Tata Steel's UK long product business will save thousands of jobs and was accepted by the steelworkers after two years of uncertainty.

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Venture Capital Investment in China Surged Amidst Global Slowdown

Investments in Chinese tech companies had a 50% surge in the first quarter of 2016. Nevertheless, many of the investments were spent in the big startups.

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Investors Still Support Pfizer CEO After Failed Merger With Allergan

The company called off the acquisition of Allergan after the U.S. Treasury issued the rule preventing the deal. Nevertheless, Chief Executive Officer Ian Read still has the investors support.

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Pfizer and Allergan May Have to Call-Off Their $160 Billion Merger

Pfizer and Allergan will have to scrap the merger deal following the new regulation from Treasury Department to stop the U.S. company moving overseas.

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Haptik raises finance from Times Internet

Haptik has raised $11.2 million from Times Internet through a Series B funding round. Haptik will use the fund to develop its business portfolio, boost non-natural workforce abilities as well as improve business policies.

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China’s Anbang Acquired Allianz’s South Korea Operations After Dropping Its Bid for Starwood Hotels

Anbang Insurance is acquiring Allianz’s operations in South Korea after dropping its offer to buy Starwood hotels. The deal is waiting for approval from South Korea’s financial regulator.

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Pfizer to end merger deal with Allergan as new rules frighten corporate inversions

Pfizer, a US-based drug company, is said to dismiss its merger deal with Allergan. The US drugmaker wants to quit from the $160 billion merger deal since Washington authorities set new rules, making corporate inversions harder.

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