Deal Financial News

By Foo Yun Chee

Domino’s Pizza said Wednesday it’s partnering with Uber Eats to make deliveries in the U.S. and 27 international markets

Captrust Financial Advisors has closed its fifth acquisition of the year and its third in Texas with the addition of Southern Wealth Management, a $2.3 billion RIA based in San Antonio.

Concerns are growing that Russia won't extend a United Nations-brokered deal that allows grain to flow from Ukraine to parts of the world struggling with hunger

A multibillion-dollar agreement signed with France’s TotalEnergies could help resolve Iraq’s longstanding electricity crisis

Computer chip and software maker Broadcom’s $61 billion proposed purchase of cloud technology company VMware got the green light from European Union regulators who were satisfied by concessions to ease competition fears

The world’s largest automakers are moving deeper into the supply chain for metals to power their electric cars. A $1 billion deal set to close in the coming weeks highlights the urgency of their effort and the risks they are taking to get there. Volkswagen and Jeep maker Stellantis are each committing $100 million in a complicated transaction that will create a publicly traded mining company producing nickel and copper from two Brazilian mines that run on hydropower.

Negotiators trying to hammer out a global deal to change how and where large technology companies are taxed failed to reach an agreement this week, but participants said they are close enough for now to avert a damaging alternative: a new trade war between the U.S. and Europe. Meeting on Monday and Tuesday in Paris, tax officials from 143 jurisdictions had hoped to seal an agreement on a new way to dividethe taxes levied on the profits of about100 of the world’s biggest companies.

Optus has joined Telstra in circumventing the National Broadband Network and turned to Elon Musk’s satellite fleet Starlink to let its customers get signal almost anywhere in the country.

Investing.com -- The release of the June inflation data out of the U.S. is set to be the major focus for markets, with investors hoping to discover any clues about the Fed's future interest rate path. Elsewhere, Nvidia and Arm reportedly enter talks over the semiconductor giant becoming an anchor investor in the U.K. chip designer's planned flotation. Meanwhile, Microsoft scores a stunning victory in a U.S. court over its megamerger with «Call of Duty»-maker Activision Blizzard.

Domino’s Pizza, hungry to claw back pizza sales now rung up on mobile apps, is reversing its long-held stance against working with food-delivery companies in the U.S. The world’s largest pizza company by sales and stores to announce Wednesday that it has signed a deal with Uber Technologies to list its menus on the ride-share company’s Eats and Postmates food-delivery apps across 28 of the pizza chain’s markets, including the U.S., U.K. and Canada, the companies said.

The Competition and Markets Authority said it was open to “consider any proposals from Microsoft to restructure the transaction in a way that would address”.

There may be movement towards an end to the bitter labour dispute that has shut down B.C.’s ports.

Washington | Saudi Arabia’s sovereign wealth fund has agreed to invest more than $US1 billion ($1.5 billion) in a new commercial entity controlled by the PGA Tour, and Greg Norman will be ousted as the CEO of LIV Golf if the business deal between the Saudis and the tour is finalised, a tour executive told US Congress on Tuesday (Wednesday AEST).

Microsoft said on Tuesday it was considering how to make its planned acquisition of videogame maker Activision Blizzard acceptable to Britain's Competition and Markets Authority. «After today's court decision in the U.S., our focus now turns back to the UK,» said Brad Smith, Microsoft Vice Chair and President.

WASHINGTON (Reuters) — A U.S. judge ruled on Tuesday that Microsoft (NASDAQ:MSFT) may go forward with its planned acquisition of blockbuster videogame maker Activision Blizzard (NASDAQ:ATVI), turning aside antitrust enforcers' request for a preliminary injunction to temporarily stop the $69 billion deal.

Almost three-quarters of global asset managers are considering a merger over the next two years, with soaring inflation, market volatility and a rapid shift to digital distribution posing a threat to those that fail to adapt to the new market landscape.

Sweden's membership of NATO took a big step forward on Monday after Turkey agreed to remove one of the last major roadblocks in return for help in reviving Turkey's own chances of joining the European Union. At talks in the Lithuanian capital Vilnius, where U.S. President Joe Biden and his NATO counterparts are meeting for a two-day summit starting Tuesday, President Recep Tayyip Erdogan committed to put the Nordic country's accession protocol before Parliament «as soon as possible,» the head of NATO said.

Binance, the world's largest cryptocurrency exchange, is drawing traders in India to buy and sell cryptos on its platform while letting them cut deals in rupees — by either online fund transfers from domestic bank accounts, or using services like G-pay, or even physical delivery of cash. Here's a case where an overseas exchange is offering an 'escrow service' that virtually matches a local buyer and seller in an offshore marketplace though the payment is settled here in INR. The transactions are learnt to have attracted the attention of regulators in India. Technically, Binance may not be breaking any law here as it is not running a rupee bank account but simply acting as a neutral third-party, providing an 'escrow facility' for transfer of cryptocurrencies which are anyway not recognised as legal tender. However, chances are that the local traders, putting in 'advertisements' for buying or selling cryptos on the Binance site, which is replete with Indian log-in names, may be overstepping rules on exchange control and anti-money laundering.

When the PGA Tour viewed the Saudi-backed LIV Golf league as an existential threat, it counted politicians among its most prominent allies. A Senate hearing on Tuesday will be a public gauge of how dramatically and quickly that support transformed into antagonism. Tour officials will appear before the Senate’s Permanent Subcommittee on Investigations for a first hearing on the agreement between the Tour and Saudi Arabia’s sovereign-wealth fund—a pact between bitter enemies that shocked the golf world and quickly drew the ire of Capitol Hill.

United Pacific railroad has reached a tentative deal with a major union regarding paid sick leave