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Mergers & Acquisitions

Mergers & Acquisitions
The latest news, analysis and opinion on Mergers & Acquisitions. In-depth analysis, industry insights and expert opinion.
A Sinopec worker walks past LNG storage tanks in Tianjin, China. Photo: Reuters
Energy

China’s Sinopec, CNAF to undergo consolidation, creating energy powerhouse

State Council approves reorganisation between Sinopec and China National Aviation Fuel Group, state asset regulator says.

Banking & finance

Hang Seng Bank shareholders approve HSBC’s US$14 billion buyout plan

United States

Warner Bros prefers Netflix, snubs Paramount’s updated takeover bid

Artificial intelligence

China takes confident strides to develop more AI innovation in 2026

‘China’s tech innovation is poised for policy-driven growth in 2026, with AI placed at the centre of the country’s economic agenda,’ NYU’s Winston Ma says.

Illustration: Henry Wong
Semiconductors

China’s top contract chipmakers pursue acquisitions amid self-sufficiency drive

Hua Hong Semiconductor set to close a US$1.2 billion deal, days after SMIC says it will take full control of a subsidiary for US$5.8 billion.

India

Netflix-Warner deal sparks concern in India’s entertainment sector

Films in Indian cinemas could be screened for a shorter period before they move to Netflix’s streaming platform, an association warns.

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Banking & finance

China’s M&A revival points to deeper investor confidence in growth prospects

Deal value is expected to rise, with strategic transactions and overseas ambitions driving momentum.

Sectors representing Chinese firms’ technology innovation will likely be the main engines of China M&A, including automobile components and life sciences, according to industry experts. Photo: Shutterstock
Mercedes-Benz

Mercedes-Benz buys US$191 million stake in Chinese autonomous driving developer

The German carmaker obtains a 3 per cent stake in Chongqing Qianli Technology.

Retailing

‘C-beauty’ cosmetics brands find retail expansion outside China a slow slog

‘For established domestic cosmetics companies attempting to expand abroad, progress is still in its early stages,’ CLSA’s Chris Gao says.

Banking & finance

Global firms turn to M&A in EVs and biotech to deepen China investment: KPMG

Survey of multinational corporations finds optimism in life sciences, healthcare and manufacturing, with half forecasting revenue growth.

Healthcare and life sciences are the top growth prospects over the next three to five years, according to multinational corporations. Photo: Xinhua
United States

Paramount vs Netflix: Ellison guarantees US$40 billion for son’s Warner Bros bid

Pledge from Oracle’s co-founder is designed to quell financing fears as Paramount fights Netflix for control of Warner Bros Discovery assets.

Oracle co-founder Larry Ellison has agreed to personally guarantee US$40.4 billion in equity financing for Paramount’s US$108.4 billion bid for Warner Bros. Photo: TNS
China stock market

Chinese brokerage CICC unveils merger details with Dongxing, Cinda

The three-way merger will create China’s fourth-largest investment bank with assets of US$128 billion.

United States

Warner Bros rejects ‘inferior’ Paramount bid, backs Netflix merger

Warner Bros rebuffs Paramount’s hostile takeover, citing financial risks and backing Netflix merger as superior, stable, and shareholder-friendly.

Commodities

Chinese mining giant CMOC buys four Brazilian gold mines to expand

CMOC will own the Aurizona, RDM, Fazenda and Santa Luz mines, with 8 tons of combined annual gold output.

Gold seams at the Al-Amar Gold Mine, 195 kilometre southwest of the Saudi capital Riyadh on May 28, 2008. Photo: AFP
Banking & finance

Hang Seng Bank shareholders to vote on HSBC buyout proposal on January 8

Hang Seng Bank’s independent financial adviser recommends that shareholders vote in favour of HSBC’s proposal to privatise the lender.

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HSBC is in the midst of finalising its takeover of Hang Seng Bank. Photo: Jelly Tse
Hong Kong property

Exclusive | Rosewood hotel brand of Hong Kong’s Chow Tai Fook is not for sale, sources say

The prestige brand has delivered ‘exceptional’ results, sources say, while suggesting that certain properties might be available.

Chow Tai Fook

Chow Tai Fook sells Australian energy assets for US$4.3 billion

Sembcorp Industries to acquire 100 per cent ownership of Alinta Energy, which Chow Tai Fook acquired in 2017.

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Hong Kong property

Hong Kong’s Hang Seng University joins property rush with US$11.6 million deal

Acquisition of office units in Sha Tin’s Metropole Square follows Metropolitan University’s US$334 million purchase of Hung Hom property.

Hang Seng University is the latest school to purchase property amid a government push to turn the city into a global education hub. Photo: Jelly Tse
Semiconductors

Chinese supercomputer maker Sugon and chip developer Hygon call off merger plans

The aborted merger dashes industry expectations for a major domestic ecosystem covering advanced processors and high-performance servers.

Hong Kong property

McDonald’s tastes fat profit in US$9.3 million Hong Kong property sale

Company secures 200 per cent gain in the fourth sale in an initiative to dispose of eight retail spots across the city.

Retailing

China’s Anta considers bid for Germany’s Puma amid 62% stock slump: sources

Hong Kong-listed Anta has been working with an adviser to evaluate a bid for Puma and could team up with a private equity firm, sources said.

The Pinault family’s Artemis holding company owned 29 per cent of Puma at the end of last year. Photo: Reuters
Commodities

BHP drops Anglo American bid again as rival rejects new proposal

BHP made the approach just weeks before shareholders from Anglo and Teck vote on a merger deal.

The logo of Anglo American is seen on a jacket of an employee at the Los Bronces copper mine in Chile. Photo: Reuters
Macau

SJM cancels plan to buy Ponte 16, but pursues deal for L’Arc Macau

SJM terminates acquisition plan a week after posting a 91 per cent fall in third-quarter net profit.

United States

Meta defeats US antitrust case over Instagram and WhatsApp acquisitions

The ruling gives Big Tech its first decisive win against the antitrust crackdown started in Trump’s first term.

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China trade

Nexperia fallout: chip spat reignites EU debate over Chinese investments

In aftermath of Netherlands’ controversial seizure, scrutiny looms over Chinese acquisitions, US influence and EU’s ability to balance security with open markets.

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The Hague seized control of Nexperia from its Chinese owners on September 30, citing national security concerns and invoking a law that had been sitting idle since 1952. Photo: dpa
Starbucks

Starbucks seals deal to sell 60% of China business to private-equity firm

Deal ends months of speculation about whether US company would divest itself of its cooling mainland business.

Customers sit in a Starbucks store in Beijing on May 10, 2019. Photo: AP Photo
Banking & finance

Hang Seng Bank appoints Somerley Capital to assess HSBC’s buyout offer

Somerley will provide its opinion to assist Hang Seng Bank’s independent board committee to evaluate HSBC’s proposal.

Luxury Hotels

Jardine Matheson to buy remaining stake in Mandarin Oriental

The move comes as Jardine seeks higher returns from its sprawling businesses.

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