Mergers and takeovers are two related business concepts that aim to rationally consolidate the positive externalities of a broader market. Ordinarily, people confuse the two. The former refers to an amalgamation or union of at least two companies. In contrast, the latter refers to a process in which the acquiring company bids to take over the target company.
Yearly, mergers and acquisitions deals within business circles involve billion-worth transactions. As significant as these transactions are, they are also countless, far-flung and spread across businesses. Keeping track of news updates on the globally competitive merger and takeover bids can be a daunting task. While you may find some news online, the internet will bombard you with massive streams of information, some out of context. To get reliable analysis, consider regularly visiting some of these sites.
New York Times
New York Times is a trailblazer in journalism excellence. This US-based Newspaper publication has 120+ plus Pulitzer awards to its name. New York Times has unmatched editorial vibrancy when it comes to business news. Their publication has exclusive business pull-outs and sections highlighting record-breaking mergers and acquisitions. The newspaper highlighted Tiffany’s (luxury jewel brand) purchase by the renowned global luxury brand Moët Hennessy Louis Vuitton (LVMH) in 2021.
M & A Leadership Council
Probably this is the world’s most dynamic pool of dedicated professionals in mergers and acquisitions. Year in year out, members of this council share their insights of the market concerning business amalgamation and takeovers. The team comprises seasoned M&A attorneys plus experts with tailor-made briefs and solutions to various businesses. You can keep at pace with the latest developments in the world of mergers and acquisitions if you visit their new sites regularly.
CNBC
Consumer News and Business Channel (CNBC) is a leading American-based TV channel covering exclusive business news with an M&A section. Besides mergers, this channel has professional coverage of the latest initial public offer (IPOs) deals, giving you insights into the performance of companies about to merge.
Reuters.com
Reuters.com is a top reliable source of M & A news. This website has a dedicated section on M & A updated daily. The insightful M & A updates through their breaking news feature ensure readers enjoy the freshest finance news and articles before other publications cover them.
Themiddlemarket.com
The middle market site has exclusive coverage of merger and acquisition deals in the middle east. The middle market experts analyse M & A transactions by sector and release real-time news to prospective investors and general visitors on their site. Besides its website news, the middle market magazine has dedicated pages for M & A deals.
Financial Times
The Financial Times blog section has lots of M & A news covering the latest deals and news in the world market. Besides the regular finance articles, you can get updated on various stock prices, hedge funds and cross border acquisitions.
Examples of Recent M&A of Websites
Markets are awash with company merger news. Daily, hedge funds and private equity advisors craft multi-billion deals to consolidate merger benefits. These deals are not limited to a single industry but rather multi-faced. A few of the recent M & As making headlines into headlines of global news sites include.
Thimba Media Acquisition of The Slot Buzz
Thimba Media’s acquisition of the the slot Buzz news caught many outsiders by surprise. Thimba Media, a digital marketing brand with an eye for fast-growing iGaming companies, announced the news in the first quarter of 2021. Advisors believe the deal will prove the value for money as the valuation hints that slot Buzz would post EBITDA of $500,000 in 2021.
Thimba’s CEO, Chris Russel, hailed the acquisition as a strategic move. He argued that the company considered the deal as it sought to look outside of the regular market to markets where value is guaranteed and a predictable rule of law that would ensure its stability.
The acquisition of the Slot Buzz, alongside its vibrant community of slot players, will add to the existing competitive Thimba portfolio. Thimba Media operates numerous lead-generating iGaming sites, including minimumdepositcasinos.org and bestbettingcasinos.com.
Entain Acquisition of Avid Gaming
Entain Plc, the renowned gaming brand Ladbrokes owner, is eyeing a pie of the newly liberalised Canadian gambling market. Entain Plc acquired Avid Gaming’s parent company, Deis Ltd, to consolidate the market early in a strategic move to consolidate the market for $235 million. The purchase will bolster Entain’s position in the Canadian market as Avid owns Sports Interaction, a reputable and highly rated wagering brand in Canada.
Entain’s management described the takeover as a step in the right direction towards growth and sustainability strategy. The administration further described the market as fast-growing with immense potential, especially with their application for the iGaming Ontario license.
Pariplay’s Acquisition of Scout Gaming Group
In one of the latest deals that underscore Pariplay’s growth strategy, the company has acquired Scout Gaming as one of its partners. Scout Gaming Group will buttress Pariplay’s exclusive fusion platform as a partner. The partnership will enrich the company’s portfolio of engaging and bespoke products in the future. The fusion platform already has more than 12k games sourced from leading developers, plus a collection of tailor-made retention and conversion tools that boost player value.
Commenting on the deal, Scout Gaming Group CEO posited that the group is excited about the deal news. He continued to argue that the deal would see the group leverage the Pariplay aggregation platform, one of the best in the market. The partnership will enable the group to access regulated markets, thus propelling its growth in the fantasy sports sector.
Awal’s Takeover by Sony
Britain’s Competition and Market Authority (CMA) has cleared the takeover of Awal by Sony Music. The takeover is among the biggest deals in 2022. The process transactions will total $430 million when the sale concludes.
Awal is a global artist service that has partnered with music heavyweights, including Nick Cave and Little Simz. While there were concerns about losing an independent player in the industry to dominant groups (Sony Music, Universal Music and Warner Music), CMA allayed the fears. The authority argued that its preliminary reports indicated that the buyout had no potential to lessen competition significantly.
CMA’s final report on the merger will come out on 17th March 2022. Commenting on the deal, Sony’s spokesperson was confident the union would deliver mutual benefits to artists and consumers in the intensely competitive music industry.