acquisitions - updates

Rappler's latest stories on acquisitions

ARTICLE FINDER

PCC speeds up review of qualified deals by 15 days

Jun 18, 2019 - 5:55 PM

The Philippine Competition Commission will fast-track the review process for certain transactions starting July 2

Facebook has plans to acquire a cybersecurity company – report

Oct 22, 2018 - 5:56 PM

Following the breach that exposed 29 million users, Facebook attempts to shore up its online defenses


Landbank offers Philippine Stock Exchange P472M for PDSHC stake

Apr 29, 2018 - 11:35 PM

The state-run bank takes another stab at gaining control of the country's bond trading market

Razer planning to acquire online currency firm MOL Global

Apr 24, 2018 - 11:34 AM

The merger, says Razer CEO Min Liang-Tan, would create 'one of the largest virtual credits platforms for gamers in the world'

Foxconn subsidiary to buy Belkin International for $866 million

Mar 27, 2018 - 2:22 PM

FIT Hon Teng says its merger with Belkin will give it access to the company's sales networks, technology, and production capabilities, along with more than 700 patents.

BELKIN. FIT Hon Teng will acquire Belkin for $866 million through a merger. Photo from Shutterstock.

Gokongwei-led RRHI acquiring Rustan’s supermarket chain

Mar 23, 2018 - 10:08 PM

Robinsons Retail Holdings announces a P18-billion share swap deal to purchase the grocery chain operator from the Dairy Farm Group

Navy frigates: Rejected Dutch supplier writes to Alejano

Mar 20, 2018 - 5:00 PM

Magdalo Representative Gary Alejano says the letter also confirms how Hyundai Heavy Industries employed the 'bait and switch' stratey to win the bid. It offered known and top caliber systems – including Tacticos – but later switched to cheaper systems.

Empedrad OK'd controversial provision in frigates deal

Mar 07, 2018 - 9:27 PM

New Philippine Navy chief Rear Admiral Robert Empedrad says it was a collegial decision of the Technical Working Group to give the shipbuilder 'sole right' to choose makers of the subsystems of the frigates

Resource person Rear Admiral Robert Empedrad, Flag Officer-in-Command of Philippine Navy testifies before members of the House Committee on National Defense and Security during Investigation over the ?16 Billion frigate deal on Wednesday. Photo by DARREN LANGIT

Mercado: Navy did not approve Hanwha Systems as 'substitute'

Mar 07, 2018 - 9:13 PM

Ousted Philippine Navy chief Vice Admiral Ronald Mercado said it was the joint venture company Hanwha Thales that was subjected to post-qualification assessment before the contract was awarded to Hyundai Heavy Industries

Resource persons, relieve Navy Flag Officer in Command (FOIC) Vice Admiral Ronald Joseph Mercado testifies before members of the House Committeee on National Defense and Security during Investigation into the his relief over the ₱16B navy frigate deal on March 7, 2018. Photo by Darren Langit/Rappler

Lorenzana: Frigates mess former Navy chief Mercado's fault

Mar 07, 2018 - 3:24 PM

The defense chief pins the blame on the Navy officer he sacked, insisting that Mercado did not follow the law, usurped powers, and failed to follow commands

Resource person DND Secretray Delfin Lorenzana testifies before members of the House Committeee on National Defense and Security during Investigation into the relief of Navy Flag Officer in Command (FOIC) Vice Admiral Ronald Joseph Mercado over the ₱16B navy frigate deal on March 7, 2018. Photo by Darren Langit/Rappler

PH Competition Commission doubles threshold for review of mergers

Mar 05, 2018 - 6:00 PM

With inflation going up, the country's antitrust body adjusts the threshold for reviewing merger and acquisition (M&A) transactions to P2 billion, from P1 billion

THRESHOLD REVIEW. Arsenio Balisacan says PCC will continue to conduct regular monitoring of the M&A notifications and will revisit the threshold level periodically to make sure it is responsive to changes in the markets and the economy. Photo by Chrisee Dela Paz/Rappler

Ayala Corp acquires U.S.-based solar tech firm

Feb 26, 2018 - 2:05 PM

Ayala's AC Industrials now has a controlling stake in Merlin Solar Technologies, with plans to establish manufacturing facilities in the Philippines in the future

Senate probe exposes root of frigates deal mess

Feb 24, 2018 - 7:00 PM

(UPDATED) Senators fail to probe deeper into why the defense department and the Navy did not come to a compromise

PACKED ROOM. The Senate Session Hall was packed with supporters of Special Assistant to the President Christopher 'Bong' Go. Photo by Joseph Vidal/PRIB

5 nagging questions after the Senate frigates probe

Feb 22, 2018 - 9:19 PM

If the innocence of Bong Go depended on a vote among the warm bodies inside the Senate compound, he would have won hands down. But the probe failed to pursue questions that would have given more light on the frigates issue.

PH Competition Commission eyes raising threshold for merger review

Feb 21, 2018 - 3:00 PM

The country's antitrust body is reviewing its existing P1-billion threshold, taking into account that inflation hit a 3-year high last January

THRESHOLD. Under Republic Act (RA) No. 10667 – also known as the Philippine Competition Act – the antitrust regulator should be notified for M&A deals with transaction values above P1 billion. Photo of Chairman Arsenio Balisacan from Philippine Competition Commission

Qualcomm boosts bid for NXP as it fends off bid from Broadcom

Feb 21, 2018 - 12:00 AM

By moving closer to a tie-up with NXP, Qualcomm could make it more difficult for Broadcom, which is pressing ahead with a record $121 billion offer despite opposition from Qualcomm's board

QUALCOMM'S PAUL JACOBS. Chairman and CEO of Qualcomm, Paul Jacobs speaks at the WIRED Business Conference: Think Bigger at Museum of Jewish Heritage on May 7, 2013 in New York City. Photo by Brad Barket/Getty Images for WIRED/AFP

Rappler statement on Bong Go's 'fake news' accusation

Feb 19, 2018 - 10:52 PM

Is 'fake news' the new defense of public officials against public scrutiny?

Manila Water expands into Thailand

Feb 19, 2018 - 5:25 PM

The Ayala-led water distributor takes an 18.72% stake in Thailand's East Water which holds concession contracts to operate in 11 locations

LIVE: Senate hearing on navy frigates deal

Feb 19, 2018 - 1:20 PM

Watch the hearing live on Rappler

DOCUMENTS: How Bong Go is linked thrice to frigates deal

Feb 19, 2018 - 9:00 AM

The big-ticket modernization project of the Armed Forces of the Philippines is embroiled in controversy following the ouster of former Philippine Navy chief Vice Admiral Ronald Mercado in December 2017

REPORT TO DUTERTE. The Navy official in charge of the frigates project submits a written report to President Rodrigo Duterte and Special Assistant to the President Christopher 'Bong' Go. Screenshot of a sourced document

TIMELINE: PH Navy's P15.7-B frigates acquisition project

Feb 19, 2018 - 8:45 AM

The problem begins during the administration of President Rodrigo Duterte, after the P15.7-billion deal was signed in October 2016

SIGNING. Defense Secretary Delfin Lorenzana signed the contract with South Korean firm Heavy Hyundai Industries in October 2016. Photo from the HHI web site

Jollibee takes bigger bite out of U.S.-based Smashburger

Feb 13, 2018 - 5:10 PM

The homegrown fast-food giant will acquire an additional 45% stake in the American burger chain for $100 million

Ousted PH Navy chief welcomes transparent frigates probe

Feb 11, 2018 - 9:37 AM

'The hearing will shed answers and more information on the Frigates Acquisition Project,' says former Philippine Navy chief Vice Admiral Ronald Mercado

FLOATING. Philippine Navy chief Vice Admiral Ronald Mercado is put on a floating status after he was removed from his post. He retires in March 2018. Rappler photo

Combat Management System not the only issue in frigates deal – ousted Navy chief

Jan 23, 2018 - 12:39 PM

Vice Admiral Ronald Mercado maintains that Thales is the technology preferred by many navies around the world

PH NAVY CHIEF. Philippine Navy chief Vice Admiral Ronald Mercado leaves his post months ahead of his scheduled retirement. Rappler photo

Cancel P15.5-B project to acquire warships for PH Navy – Alejano

Jan 15, 2018 - 5:59 PM

'By all means, we should cancel the frigate project contract before it is too late,' says Magdalo Representative Gary Alejano

REMOVED. Philippine Navy chief Vice Admiral Ronald Mercado leaves his post months ahead of his scheduled retirement. Rappler photo

San Miguel buys Masinloc coal power plant for nearly $2 billion

Dec 18, 2017 - 4:15 PM

San Miguel Corporation tops other major power players in the Philippines for the facility, which has an installed capacity of 630 megawatts and is set to add another 300 by mid-2019

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 Facebook.com/MarvelCinematicUniverse

Robinsons Retail invests in BeautyMNL operator

Dec 13, 2017 - 8:00 PM

The Gokongwei-led firm takes a 20% stake in the operator of the e-commerce site for an undisclosed amount

U.S. drugstore chain CVS to buy medical insurer Aetna for $69B

Dec 04, 2017 - 9:02 AM

The merger between CVS and Aetna comes amid rising medical costs for many citizens and employers, including prescription medicines

PHARMA GIANT. In this file photo, a sign is posted on the exterior of a CVS store on June 15, 2015 in San Francisco, California. Justin Sullivan/Getty Images/AFP

U.S. sues to block $85-B AT&T-Time Warner merger

Nov 21, 2017 - 7:06 AM

'This merger would greatly harm American consumers,' says Makan Delrahim, head of the US Justice Department's antitrust division

(COMBO) This combination of pictures created on October 21, 2016 shows AT&T cellphone store in Springfield, Virginia, on October 23, 2014, and the Time Warner company logo on the front of the headquarter building, 24 November, 2003, in New York. Saul Loeb and Stan Honda/AFP

Dennis Uy's Phoenix Petroleum inks deal to buy FamilyMart

Oct 30, 2017 - 2:55 PM

The planned acquisition of FamilyMart's Philippine franchise from Ayala Land and the SSI Group would mark Phoenix Petroleum's entry into the fast-growing domestic convenience retail market

Lacson questions DPWH budget for right-of-way acquisitions

Oct 11, 2017 - 2:40 PM

'Clearly the pattern shows that the bloated budget for [right-of-way acquisitions] is the biggest source of insertions and realignments being made by legislators,' says Senator Panfilo Lacson

Google to buy part of Taiwan smartphone maker HTC for $1.1B

Sep 21, 2017 - 11:28 AM

(UPDATED) The agreement will give Google more control of its mobile handset hardware as it seeks to bolster its presence in a market dominated by Apple and Samsung

This photo taken on June 6, 2014 shows a man walks past a billboard showing the latest HTC M8 smartphone in Taipei. Sam Yeh/AFP

After 2GO, SM group not looking to buy other logistics firms

Sep 20, 2017 - 7:45 PM

The president of SM Investments Corporation says their plate is 'full' when it comes to the logistics sector

PLATE IS FULL. 'No. At this time, we are fairly new in 2GO. We believe there is a lot of growth opportunities in 2GO,' SMIC chief Frederic DyBuncio replies when asked if SM is interested in other logistics firms. Photo by Rob Reyes/Rappler

Jollibee eyeing British food chain Pret a Manger – report

Sep 19, 2017 - 12:47 PM

Jollibee is reportedly in talks for a possible $1-billon takeover of British sandwich chain Pret a Manger

STRANGE COMBINATION. Jollibee, homegrown fast food chain popular for its fried chicken and sweet-style spaghetti, is reportedly looking at acquiring Pret A Manger, a British company known for its organic coffee and fresh sandwiches. File image

After 2 hearings, Mariano not worried about fate at CA

Sep 05, 2017 - 3:55 PM

Wala po talaga akong nararamdamang kaba o pag aalala says Agrarian Reform Secretary Rafael Mariano after facing the Commission on Appointments for the second time

AGRARIAN REFORM. In this file photo, Agrarian Reform Secretary Rafael Mariano attends the first hearing of the Commission on Appointments on his ad interim appointment. File photo by Lito Boras/Rappler

PSE plans to offer more shares to bring PDS merger closer

Aug 02, 2017 - 9:51 PM

The operator of the country’s stock exchange also announces a net income drop of 7 to P345 15 million for the 1st half of this year

Phoenix Petroleum seeks $126-M acquisition of Petronas Energy, Duta

Jul 06, 2017 - 9:25 PM

Before acquiring the two firms Phoenix Petroleum must secure the approval of the Philippine Competition Commission

ACQUIRE MORE. This comes after Phoenix and PDB (Netherlands) BV signed an MOU on planned 100% share acquisition of PEPI and its affiliate, Duta. Image from Phoenix Petroleum

MVP group still keen on GMA-7 stake

Jun 12, 2017 - 8:30 AM

We are open anytime but the offer must be acceptable to us says Manuel V Pangilinan

REVIVAL? Manuel Pangilinan, however, clarifies that as of June 9 this year, there are "no discussion yet" between his and Gozon's groups. Photo by Martin San Diego/Rappler

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

Apple, Google, Amazon looking to acquire Toshiba's memory chip unit – report

Apr 03, 2017 - 5:27 PM

Toshiba is the world s number two supplier of memory chips for smartphones and computers behind South Korea s Samsung

VR guru Palmer Luckey leaves Facebook

Mar 31, 2017 - 2:51 PM

The co founder of Oculus Facebook s VR acquisition in 2014 is out of the company

IMPERFECT VISION. Facebook's virtual reality arm, Oculus, has seen some legal hurdles in 2017. Photo by Tobias Schwarz/AFP

Jollibee craves for more stake in Smashburger

Mar 14, 2017 - 7:51 PM

Acquiring more stake in Smashburger will allow Jollibee to take advantage of Americans increasing appetite for upmarket fast food chains

BIGGER BITE. Jollibee says acquisition of stake in Smashburger will make its presence in the US more significant. Rappler file photo

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

PCC: P1B threshold stays for reviewing mergers, acquisitions

Feb 21, 2017 - 7:25 PM

The Philippine Competition Commission says the country s threshold is reasonable and similar to those in economies of comparable size

THRESHOLD. Under Republic Act (RA) No. 10667 – also known as the Philippine Competition Act – the antitrust regulator should be notified for M&A deals whose transaction values are above P1 billion before the transaction is consummated. Photo from Philippine Competition Commission

Kraft Heinz withdraws $143B takeover bid for Unilever

Feb 20, 2017 - 7:13 AM

Strong resistance from Unilever reportedly persuades Kraft Heinz to back out

GLOBAL BRAND. A picture taken on June 5, 2015 shows employees walking pass the logo of Unilever at the headquarters in Rotterdam. John Thys/AFP

MVP open to reviving talks with GMA

Dec 24, 2016 - 11:15 AM

Manuel V Pangilinan reacts to GMA Network s major shareholders pronouncement that they are open to selling their shares at the right price

SIGNALS INTEREST. 'It is too late to do anything for 2016, but we're always open. A lot of it depends really on how our numbers would look like for 2017,' PLDT President and CEO Manuel V. Pangilinan says. Rappler file photo

Gozon open to sell GMA's controlling stake in 2017

Dec 17, 2016 - 1:55 PM

The GMA Network chief says his camp and the Duavit and Jimenez groups are willing to sell all their shares if the price is right

VERGE OF TAKING OFF. 'We are willing to sell all,' GMA Chairman Felipe Gozon (3rd from left) says. In the photo are GMA executives. Photo by Chrisee Dela Paz/Rappler

Asahi says paying $7.7B for AB InBev's eastern European business

Dec 14, 2016 - 9:49 AM

The takeover – also the largest by a Japanese beer company – includes popular Czech beer Pilsner Urquell and other businesses in Hungary Poland Romania and Slovakia

In this photo illustration, bottles of Pilsner Urquell from the Czech Republica are seen on December 13, 2016 in Miami, Florida. Joe Raedle/Getty Images