Morgan Stanley

Firms bolder about M&A as number of big deals rises

Facebook's US$19.4 billion purchase of messaging firm WhatsApp was among the biggest deals in the first quarter. Photo: Bloomberg

A string of large transactions drove the value of global mergers and acquisitions (M&A) activity up by 54 per cent in the first quarter compared with the same period last year, reflecting greater deal-making confidence among chief executives.

Saturday, 29 March, 2014, 12:39am

Pick me (and only me), Alibaba and told banks has hired two banks to handle its initial public offering. Photo: Reuters

Top investment banks have been forced to choose between two important clients - bitter rivals Alibaba and the mainland's largest e-commerce firms.

Both companies are planning to list in New York.

21 Apr 2015 - 11:26am 2 comments