Nano Dimension Ltd. acquired Global Inkjet Systems Ltd. for $18.1 million in cash and involves an earnout of $1.3 million–$10.7 million within the next 27 months. Cambridge, U.K.-based Global Inkjet is a developer and supplier of control electronics, software, and ink delivery systems. It has more than 130 customers worldwide. Founded in 2006, Global Inkjet is…
News Corp to Acquire the Base Chemicals Business for $295 Million Cash
News Corp agreed to acquire the Base Chemicals business for $295 million cash from S&P Global Inc. and IHS Markit Ltd. Base Chemicals will become part of Dow Jones’s Professional Information Business, alongside OPIS, the energy and renewables data and information business. The OPIS acquisition (and related assets), also from S&P Global and IHS Markit, was announced in…
Global M&A Activity Smashes All-Time Records to Top $5 Trillion in 2021
LONDON/HONG KONG—Global merger and acquisition (M&A) activity shattered all-time records in 2021, comfortably erasing the high-water mark that was set nearly 15 years ago, as an abundance of capital and sky-high valuations fuelled frenetic levels of dealmaking. The value of M&A globally topped $5 trillion for the first time ever, with volumes rising 63 percent…
City of Hope Acquires Cancer Treatment Centers of America
December 8, 2021
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DUARTE, Calif.—City of Hope cancer hospital in Duarte announced Dec. 8 it has reached a deal to acquire Cancer Treatment Centers of America (CTCA), a nationwide network of oncology hospitals and outpatient care centers. Under the $390 million deal, City of Hope and CTCA combined will employ roughly 11,000 people. The transaction is expected to close in early 2022. “This…
PayPal Says It Is Not Pursuing Pinterest Acquisition
October 25, 2021
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PayPal Inc. is not pursuing an acquisition of Pinterest Inc. at this time, the payments company said late on Sunday, responding to media reports that it was in talks to buy the digital pinboard site for as much as $45 billion. PayPal shares rose 6.2 percent to $255.20 in premarket trading on Monday, while those…
US Government to Probe Zoom’s $14.7 Billion Five9 Deal for National Security Risks
September 22, 2021
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A U.S. government committee that reviews foreign investment in telecom is probing videoconferencing company Zoom’s $14.7 billion deal for cloud call center company Five9. In an August filing with the Federal Communications Commission, the Justice Department, which chairs the committee, said it would review the deal “to determine whether this application poses a risk to…
EU Antitrust Regulators to Investigate Facebook’s Kustomer Acquisition
BRUSSELS—EU antitrust regulators opened an in-depth investigation on Monday into Facebook’s acquisition of U.S. customer service startup Kustomer, concerned that the deal could hurt competition. The European Commission said it had concerns the proposed deal would reduce competition in the market for customer relationship management software. It also expressed concern that the acquisition would strengthen…
DOJ Sues to Block AON’s $30 Billion Acquisition of Willis Towers
WASHINGTON—The Biden administration has sued to block the merger of two of the world’s largest insurance brokers, asserting the deal could eliminate competition, raise prices and hamper innovation for U.S. businesses, employers, and unions that use the companies’ services. The Justice Department on Wednesday announced the antitrust suit filed in federal court in Washington seeking…
Bank of Queensland Acquires ME Bank Allowing It to Challenge the Bigger Banks on Lending
Bank of Queensland (BOQ) has signed an all-cash deal to acquire Members Equity Bank (ME) for $1.325 billion. The move announced on Feb. 22 will see the Brisbane-based bank become the nation’s sixth-largest, giving it the scale in needs to challenge the four big banks in Australia—the National Australia Bank, the Commonwealth Bank, the ANZ…
BOQ Acquires ME Bank to Become Sixth Largest in Australia
Bank of Queensland (BOQ) has signed an all-cash deal to acquire Members Equity Bank (ME) for about $1.3 billion (US$1.03 billion). Announced on Feb. 22, the deal will see the BOQ emerge as a nation’s sixth-largest bank, giving it the scale it needs to challenge the big four—NAB, CommBank, ANZ, and Westpac. The acquisition was…
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