Valeant Pharmaceuticals International Inc (VRX.TO) is abandoning its growth-by-acquisitions strategy for the time being to try to reduce debt, boost its stock price and one day return to its traditional deal-making in a stronger position, people familiar with the matter told Reuters.
Tags: Acquisitions
Payments Giant Stripe Acquires Lemon Squeezy for Undisclosed Amount
The payments company Lemon Squeezy announced that it has been acquired by competitor and industry giant Stripe for an undisclosed amount.
Barbie Creator Mattel's Shares at an Uptick After L Catterton Reveals Buyout Offer
French private equity firm L Catterton reportedly approached toymaker Mattel with an offer to acquire it, according to several sources quoted by Reuters.
Macy’s Ends Buyout Deal with Arkhouse, Brigade After Talks Deteriorate
The board of the department store Macy’s unanimously decided to terminate its negotiations with Arkhouse Management and Brigade Capital regarding the group’s proposal to acquire the retailer.
Goldman Sachs Buys Taylor Swift’s Stage Builder TAIT
Goldman Sachs’s private equity business has bought the majority stake of TAIT, the engineering company that designed the stage for Taylor Swift’s Eras Tour, for an undisclosed amount.
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Brazil's JBS SA (JBSS3.SA), the world's largest beef exporter, said on Friday its $1.25 billion purchase of Australian processed foods producer Primo Smallgoods would increase its presence in Asia.
For months, a powerful U.S. senator has been pushing for details of a murky deal under which a Russian manufacturer supplies the rocket engines used to launch America’s spy satellites into space.
After turning around the performance of Elster Group and making divestments last year, London-based investment firm Melrose Industries is ready to start making acquisitions, Bloomberg reported.
France-based electronic trading applications provider Ullink has received a majority investment from Europe-focused private equity firm HgCapital. Financial details were not disclosed in the statement about the funding.
Technology-focused news website VentureBeat searched for and found official documentation confirming 16 of the 23 companies that California-based technology giant Apple purchased in the recent past.
Internet firm Baidu Inc intends to make more acquisitions this year to get more smartphone users in the world's largest smartphone market to patronize its services, Reuters reported.
Weight loss app MyFitnessPal has acquired Sessions, a Rock Health-backed startup that has developed an app that connects individuals with fitness experts who encourage accountability in their workouts, VentureBeat reported.
David Errington, an analyst at Bank of America Merrill Lynch, said companies would do well if they focused on investing in their core business instead of acquiring other companies in their quest for growth, The Australian reported.
UCWeb Inc, a company backed by Alibaba Group Holdings, is looking at acquisitions to add more programmers and platforms so it can better compete with its rivals, Bloomberg reported.
