Latest News

Dennis Uy takes a slice of Conti's resto

Sep 10, 2018 - 5:40 PM

The deal solidifies Davao-based tycoon Dennis Uy's presence in the restaurant industry

LIST: Companies vying for Philippines' 3rd telco spot

Aug 24, 2018 - 11:22 AM

At least 7 foreign and 5 local companies are gunning to be the next major telco player

TELCO WARS. Several companies are gunning to be the country's 3rd mobile provider. Rappler file photo

Starbucks and Alibaba join forces as China coffee war brews

Aug 02, 2018 - 5:59 PM

Starbucks products ordered by mobile apps will be brought to customers by, Alibaba's food-delivery unit

THE STARBUCKS-ALIBABA TEAM-UP. A customer walks out of a Starbucks coffee shop in Beijing on August 2, 2018.   Photo by Wang Zhao/AFP

New judge to handle San Miguel Holdings' case vs Indonesian partners

Jul 30, 2018 - 11:06 PM

The Court of Appeals says Marikina City judge Alice Gutierrez 'displayed more than a hint of bias and partiality' in the proceedings

Thomson Reuters to rename financial and risk unit

Jul 30, 2018 - 3:12 PM

The F&R division will be called Refinitiv upon completion of the deal with Blackstone

Lucio Co invited to invest in Bacolod port

Jul 27, 2018 - 7:16 PM

BREDCO president John Palanca Alonte says the company aims to bring the port to 'the next level' by making it a world-class facility with the help of a strategic investor

BACOLOD SEAPORT TERMINAL. The Bacolod Real Estate Development Corporation had a soft opening of its new seaport terminal worth P360 million on July 25, 2018. Contributed photo

U.S. judge temporarily blocks Xerox takeover by Fujifilm

Apr 28, 2018 - 4:46 PM

The judge says the takeover deal 'was largely negotiated by a massively conflicted CEO in breach of his fiduciary duties to further his self-interest'

Background image from Shutterstock

Israel to halt trade in cryptocurrency-based firms

Dec 26, 2017 - 9:57 PM

'So long there is no regulatory framework, we will make it that companies whose trade is primarily based on digital coins won't be able to trade at the (Tel Aviv) stock market,' says the Israel Securities Authority

REGULATION. The Israel Securities Authority says it is moving to ban trading in cryptocurrency-based companies on the Tel Aviv market until transactions involving digital coins are legally regulated.

France sues Amazon for abuse of position in the marketplace

Dec 18, 2017 - 7:22 PM

The French foreign ministry says there is 'a significant imbalance' in business relations between Amazon and vendors selling products on its platform, called the marketplace

AMAZON SUED. This file photo taken on December 28, 2016 shows the logo of US electronic commerce and cloud computing company Amazon. Photo by Loic Venance/AFP

Blockbuster: Disney to buy 21st Century Fox assets for $52.4 billion

Dec 15, 2017 - 12:00 AM

The deal poses a challenge to Netflix and other emerging platforms

NEW DISNEY. Disney's acquistion of 21st Century Fox brings 'X-Men' and the 'Fantastic Four' back to the Marvel. Screengrab from

Philippines is last piece of ASEAN puzzle for CIMB

Nov 15, 2017 - 11:37 AM

Malaysian banking giant CIMB Group seeks a license to operate in the Philippines to complete its market positioning as an 'ASEAN bank'

20 Japanese companies to invest in PH after Duterte visit

Oct 31, 2017 - 10:58 AM

If the 18 letters of intent are followed through with legally-binding deals, they will bring in P310 billion worth of investments to the Philippines

President Rodrigo Roa Duterte witnesses the exchange of business letters of intent (LOIs) between businessman Manuel Pangilinan and a Japanese business leader during a ceremony at the Imperial Hotel in Tokyo on October 30, 2017. RICHARD MADELO/PRESIDENTIAL PHOTO

How the Sy family and Dennis Uy became business partners

Aug 15, 2017 - 6:04 PM

Davao based businessman Dennis Uy has earned the trust of the Philippines richest family the Sys who backed him in his foray into shipping and logistics

Sit down interview with Phoenix Petroleum President and CEO Dennis Uy on July 12, 2017. Photo by LeAnne Jazul/Rappler

Ramon Ang and his media interests

Jul 17, 2017 - 11:46 PM

The businessman wants a majority stake in the Philippine Daily Inquirer previously vied for GMA Network and reportedly has a stake in CNN Philippines

MEDIA INDUSTRY. Since 2012, tycoon Ramon Ang, in his personal capacity, has been talking to different major media companies for an acquisition deal. Photo by Alecs Ongcal/Rappler

Ayala acquires German auto parts manufacturer

Jun 05, 2017 - 5:05 PM

The P1 49 billion investment is part of AC Industrials expansion spree

Global Business Power to acquire 50% stake in Alsons

Jun 05, 2017 - 3:50 PM

Through its deal with the Alsons group Global Business Power will now reach the Mindanao market

STRATEGIC ALLIANCE. Under the agreement, Global Business Power will acquire a 50% stake in Alsons Thermal Energy Corporation (ATEC) – the holding company for ACR’s baseload coal-fired power plant assets. Rappler file photo

How SM Investments acquired stake in 2GO

Apr 04, 2017 - 2:25 PM

The Sy led conglomerate acquires a 34 5 stake in 2GO s parent company for 124 50 million

NEW INVESTOR. SM Investments Corporation is a new investor in 2GO, through a deal with its parent firm. Here is the brand structure of the logistics firm. Screenshot from 2GO website

When Filipino firms expand abroad, it's not always rosy

Mar 26, 2017 - 12:00 PM

Del Monte Pacific among the first Filipino owned firms in recent years to buy companies abroad shares challenges and plans

PCC allows SM Investments to buy dormitory developer

Mar 19, 2017 - 11:45 PM

If pursued this will mark the SM group s entry into the country s rental housing market

HOUSING RENTAL. It was in October last year when SM Investments proposed to buy 61.2% shares in Philippines Urban Living Solutions. Background photo from Wikimedia

Ayala Corp takes 43.3% stake in Zalora PH

Feb 23, 2017 - 9:35 PM

This acquisition is part of Ayala s strategy to invest in innovative businesses especially in the digital space

Oracle buys cyber attack target Dyn

Nov 22, 2016 - 1:45 PM

Oracle plans to enhance its own offerings with Dyn s expertise in monitoring controlling and optimizing cloud based internet applications and managing online traffic

AT&T deal: Merger for new media era or a bad remake?

Oct 24, 2016 - 9:33 AM

Analysts say the deal faces multiple challenges including winning regulatory clearance for a massive merger affecting tens of millions of consumers and successfully combining two different kinds of companies one in content and the other in delivery

People walk past an AT&T store in New York on October 23, 2016. Kena Betancur/AFP

Razer acquires audiovisual company THX

Oct 18, 2016 - 10:42 AM

Razer s CEO did not disclose the details of the acquisition but did say THX will be spun out and operated as a startup that will be recapitalized by Razer

No EU-US free trade deal before Obama leaves office – EU

Sep 23, 2016 - 11:08 PM

The decision puts the fate of the trade deal on the US side in the hands of Hilary Clinton or Donald Trump who are both running their presidential campaigns on anti trade deal platforms

NO TRADE DEAL. People hold balloons reading "Stop TTIP" during a demonstration outside the European Union headquarters in Brussels, on September 20, 2016 to protest against huge transatlantic trade deals linking Europe with Canada and the United States. Photo by John Thys/AFP

Bayer sets $66B deal for Monsanto after lengthy pursuit

Sep 14, 2016 - 9:40 PM

UPDATED Regulators and Monsanto shareholders still have to approve the deal which environmentalists criticize as a marriage made in hell

(COMBO) This combination of file pictures created on September 14, 2016 shows the logo of German pharmaceutical giant Bayer (L, on September 8, 2016 in Leverkusen) and the logo of Monsanto at it's Belgian manufacturing site and operations centre (on May 24, 2016 in Lillo near Antwerp).  German pharmaceutical and chemical group Bayer is preparing to increase its takeover offer for US seeds and pesticides giant Monsanto for a fourth time, a report said on September 13, 2016. / AFP PHOTO / Patrik STOLLARZ AND John THYS

Universal Robina buys Snack Brands Australia for AU$600M

Aug 17, 2016 - 3:30 PM

Universal Robina Corporation is taking over Snack Brands Australia – the maker of salty chip snacks such as CC s Thins Kettles Cheezels and Samboy

EAT UP. The acquisition deal gives URC a strong Western snack manufacturer to incorporate into its vast Asian distribution network

Tech giants Intel and Apple buy artificial intelligence startups

Aug 10, 2016 - 2:19 PM

These recent acquisitions clue us in on how our gadgets will be evolving in the near future

Silicon Valley giants are starting to dedicate more resources to what's currently one of the most exciting areas of development in tech: AI. Gabrielle Lurie/AFP

Dutch agency Randstad to buy online jobs site Monster

Aug 09, 2016 - 7:56 PM

Under the terms of the merger agreement Randstad will pay 3 40 per share in cash or a total purchase price of approximately 429 million the group says in a statement

Mytaxi, Hailo to merge in Europe-wide taxi hailing app

Jul 27, 2016 - 1:55 PM

The two will form Europe s biggest app based taxi service with 100 000 drivers in 9 countries

epa04382230 AÂ smartphone with the opened app MyTaxi is held next to a taxi sign at the airport in Hamburg, Germany, 03 September 2014. Daimler unit Moovel takes over Intelligent Apps company in Hamburg, who operate the MyTaxi app, it was announced 03 September 2014. EPA/DANIEL REINHARDT

San Miguel buys out partner in $1.6B MRT7 project

Jul 05, 2016 - 9:00 PM

A 100 million deal results in San Miguel owning 100 of the company which will design construct and complete the MRT7

POSSIBLE DELAYS? Ramon Ang (beside former President Benigno Aquino III) says the transportation department has not fully delivered right of way yet. Photo by Joseph Vidal/Malacañang Photo Bureau

Mondelez sets sights on chocolatier Hershey

Jul 01, 2016 - 3:05 PM

Hershey however rejects a 23 billion takeover bid from the snack food giant

(FILES) This file photo taken on July 15, 2014 shows Hershey's chocolate bars for sale in Chicago, Illinois. US chocolate maker Hershey said June 30, 2016 it had rejected a preliminary takeover bid of about $23 billion from food giant Mondelez, whose brands include Cadbury.The Hershey board of directors said it "carefully reviewed" a bid of $107 per share for the company and "determined that it provided no basis for further discussion between Mondelez and the company."  / AFP PHOTO / GETTY IMAGES NORTH AMERICA / SCOTT OLSON

China's Tencent to buy Finnish game-maker Supercell for $8.6B

Jun 21, 2016 - 10:30 PM

Supercell is the creator of the hugely popular mobile game Clash of Clans

epa03913468 Finnish game developer Supercell's CEO Ilkka Paananen stands behind a cutout of 'The Barbarian', a character of Supercell's top-selling game 'Clash of Clans', in Helsinki, Finland, 17 October 2013. Media reports state that the majority (51 per cent) of the Finnish game developing company Supercell was bought by Japanese teleoperator SoftBank and game company GungHo for 1.1 billion Euros on 15 October 2013. Supercell is developer of the browser game 'Clash of Clans'. EPA/MAURI RATILAINEN FINLAND OUT

Nokia moves to finalize acquisition of Alcatel-Lucent

Jun 16, 2016 - 6:20 PM

The Finnish telecom equipment giant says it will settle the ownership issue through privately negotiated transactions with Alcatel Lucent shareholders

FedEx close to wrapping up TNT buyout

Jun 02, 2016 - 11:00 PM

FedEx now owns 98 45 of TNT shares and seeks to complete the deal in the 3rd quarter of 2016

epa05254174 A FedEx employee next to a company vehicle in downtown Frankfurt am Main, Germany, 11 April 2016. EPA/MAURITZ ANTIN

San Miguel selling telco assets to PLDT, Globe

May 30, 2016 - 9:29 AM

4th UPDATE San Miguel sells its telecommunication business to PLDT and Globe a couple of months after its talks with Telstra Corporation failed

MIXED SENTIMENTS. Shares of Globe and PLDT went up after the announcement of the acquisition of San Miguel's telco business. In the photo are Ramon Ang (L), Ernest Cu (C), and Manuel Pangilinan (R)

Bayer CEO invites environmental groups to discuss Monsanto bid

May 29, 2016 - 6:00 PM

Environmental groups fear the possible merger of Bayer and Monsanto would lead to Monsanto s genetically modified crops being marketed in Europe

epa05324526 (FILE) A file picture dated 06 March 2006 shows the headquarters of the German multinational chemical and pharmaceutical company Bayer AG in Leverkusen, Germany. According to media reports on 23 May 2016, Bayern AG announced a 62 billion US dollar cash offer, 122 US dollar per share, including debt, to buy US multinational agrochemical and agricultural biotechnology corporation Monsanto Co. The American multinational biotechnology company Monsanto released earlier on 19 May 2016, a statement in which the company disclosed that they had received a takeover bid by the German pharmaceutical and chemical group. EPA/OLIVER BERG

HP Enterprise plans $8.5B spinoff, merger

May 25, 2016 - 9:10 PM

HPE s corporate services business will be merged with Computer Sciences Corporation

Monsanto: $62B Bayer bid too low, but open to talks

May 25, 2016 - 12:00 PM

Monsanto says the Bayer proposal is incomplete and financially inadequate but it is willing to have continued and constructive conversations

epa05324524 (FILE) A file picture dated 21 October 2003 shows the logo of German multinational chemical and pharmaceutical company Bayer AG shining above the company's plant in Leverkusen, Germany. According to media reports on 23 May 2016, Bayern AG announced a 62 billion US dollar cash offer, 122 US dollar per share, including debt, to buy US multinational agrochemical and agricultural biotechnology corporation Monsanto Co. The American multinational biotechnology company Monsanto released earlier on 19 May 2016, a statement in which the company disclosed that they had received a takeover bid by the German pharmaceutical and chemical group. EPA/OLIVER BERG

Bayer targets Monsanto in biggest-ever German takeover bid

May 23, 2016 - 2:14 PM

4th UPDATE Germany s Bayer offers 62 billion for US agriculture group Monsanto

This file photo taken on July 24, 2013 shows a logo of German pharmaceuticals and chemicals giant Bayer on an overpass at its Berlin headquarters. John MacDougall/AFP

Bayer, Monsanto in merger talks

May 19, 2016 - 7:48 PM

Bayer executives recently met with executives of Monsanto to privately discuss a negotiated acquisition of Monsanto Company

This file photo taken on July 24, 2013 shows a logo of German pharmaceuticals and chemicals giant Bayer on an overpass at its Berlin headquarters. John MacDougall/AFP

Pfizer to buy eczema specialist Anacor for $5.2 billion

May 16, 2016 - 11:30 PM

Anacor is the maker of crisaborole a key anti inflammatory drug still under review by the US Food and Drug Administration

epa00877768 A view of a sign on the Pfizer Inc. headquarters building in New York, New York on Monday, 04 December 2006. Shares of Pfizer, the world's largest drugmaker, fell on Monday after news that the company had stopped development of a new cholesterol treatment that the company was hoping would boost slow sales. EPA/JUSTIN LANE

Nissan throws $2.2B lifeline to scandal-hit Mitsubishi Motors

May 12, 2016 - 10:26 AM

UPDATED Nissan will become Mitsubishi Motors top shareholder following their deal

Sanofi makes $9.3B offer for cancer drug firm Medivation

Apr 28, 2016 - 7:40 PM

If the bid is accepted it would be Sanofi s biggest acquisition since its 20B purchase of Genzyme in 2011

epa05139690 (FILE) A file photo dated 25 September 2012 showing a general view of the drug manufacturer Sanofi's office in Paris, France. Sanofi, France's largest drugmaker, said 02 February 2016 that it has launched a research project to develop a vaccine to combat the Zika virus. There is currently no vaccine against the Zika virus or specific treatment for the infection it causes. Zika is a mosquito-borne virus similar to dengue, against which Sanofi Pasteur - the vaccine division of French pharmaceutical company Sanofi - recently marketed the first vaccine. EPA/YOAN VALAT

Lufthansa delays Brussels Airlines acquisition decision after attacks

Apr 28, 2016 - 5:45 PM

Lufthansa chief executive Carsten Spohr explains that Brussels Airlines must first prioritize the restoration of flight operations

epa05279529 An Airbus A-320 plane (front) and an Airbus A-330 plane (back) of Brussels airlines on the runway at Brussels Airport in Brussels, Belgium, 27 April 2016. When presenting the results of the Lufthansa on March 17, its head of finance, Simone Menne, had indicated that a decision on the purchase or not Brussels Airlines (SN) would be taken in the first half. And to clarify later that it would be on 27 April. Meanwhile, there were the attacks of March 22, which included hit SN and it appears possible that the decision be postponed. But maybe not only for matters of uncertainty about the future of the Belgian company. We know that Lufthansa owns 45 per cent stake in SN Airholding, parent company of Brussels Airlines. She has a right of recovery of all the shares which runs until 2018. The sum to pay in this case falls within an articulated calculation around a complex formula sprung from the head who was Michel Meyfroidt CFO and co-CEO (with Bernard Gustin) SN. It takes into account many parameters, including the results of the Belgian company during the past three years. EPA/LAURENT DUBRULE

Asian investors ink $3.6B deal to buy Lexmark

Apr 20, 2016 - 7:25 PM

The Lexmark board of directors unanimously approves the sale to a group led by China based Apex Technology

Japan's Asahi buying Peroni and Grolsch brands from AB InBev

Apr 19, 2016 - 5:45 PM

The terms of the deal have not been disclosed so far but AB InBev previously said Asahi offered to pay 2 55 billion euros

epa05153508 Asahi beer cans are seen on sale at a convenience store in Tokyo, Japan, 11 February 2016. Accoring to media reports, Asahi Group Holdings Ltd. will acquire SABMiller and European beer brands for 2.55 billion euro, among them Peroni, Grolsch and Meantime. EPA/FRANCK ROBICHON

White House tax moves sink massive Pfizer-Allergan merger

Apr 06, 2016 - 11:40 PM

Pfizer and Allergan cancel their huge merger as US President Barack Obama hits businesses for using legal loopholes to avoid taxes

epa05054872 A logo outside Pfizer headquarters in New York, New York, USA, 04 December 2015. New York-based Pfizer Inc. and Dublin, Ireland-based Allergan plc on 23 November 2015 announced that the two companies have entered a 160 billion USD merger agreement, creating world's largest pharmaceutical company. EPA/ANDREW GOMBERT

Security Bank finalizes deal with Bank of Tokyo Mitsubishi

Apr 01, 2016 - 5:00 PM

BTMU Japan s largest commercial bank now has 20 ownership of the voting stock and two board seats in Security Bank

MARKET PENETRATION. Security Bank says the partnership would enhance its shareholder value by accelerating its growth strategy, including expansion of its branch network

Taiwan's Hon Hai seals Sharp takeover for $3.5B

Mar 30, 2016 - 4:48 PM

3rd UPDATE It is the first foreign acquisition of a major Japanese electronics firm and comes after weeks of delays

FoxConn (Hon Hai) logo at their headquarters in Taiwan, and Sharp logo at the company's offices in Japan. File photos by EPA

PLDT pours $5M into California-based Matrixx Software

Mar 30, 2016 - 4:35 PM

PLDT Capital says it partnered with Matrix to have a real time customer centric platform that could jumpstart its entry into the digital market without a lengthy IT project

NEW INVESTMENT. Matrixx provides a real-time digital commerce platform for creating and monetizing content and services. Photo from Matrixx website