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Deals

Saudi Aramco signs $10.4 billion worth of MOUs with companies

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DAMMAM, Saudi Arabia Saudi Aramco signed on Wednesday agreements with foreign and local companies worth at least 39 billion riyals ($10.4 billion).

Europe's Unibail bids $16 billion for Westfield to counter online threat 3:00am IST

SYDNEY/MELBOURNE/PARIS Europe's biggest property firm Unibail-Rodamco is to buy U.S. and UK mall operator Westfield Corp for $16 billion, in a defensive move to create a global leader in a sector grappling with the online shopping challenge led by Amazon . | Video

Thai Beverage emerges as only bidder for large stake in Vietnam's Sabeco 12 Dec 2017

HANOI/SINGAPORE Thai Beverage, through a Vietnam unit, has emerged as the only bidder which has registered to own at least 25 percent of the nation's top brewer, Sabeco, in which the government is selling a $5-billion stake.

Exclusive: Comcast drops bid for Fox assets, leaving Disney in pole position 12 Dec 2017

Comcast Corp said on Monday it had abandoned its bid for most of the assets of Rupert Murdoch’s Twenty-First Century Fox Inc, leaving Walt Disney Co as the sole suitor in pursuit of the $40 billion-plus deal.

Zurich becomes Australia's biggest life insurer with $2.1 billion ANZ purchase 12 Dec 2017

ZURICH/SYDNEY Zurich Insurance has agreed to buy Australia and New Zealand Banking Group's life insurance arm for A$2.85 billion ($2.1 billion), its biggest foray into Australia and its third in the last two years.

Exclusive: Hong Kong fund tells Toshiba that chip unit sale to Bain group not necessary 11 Dec 2017

TOKYO A Hong Kong-based activist investor in Toshiba Corp has told the embattled conglomerate that the $18 billion sale of its chip unit to a Bain Capital-led group is no longer necessary after its recent capital injection, according to a letter seen by Reuters.

Elliott says chipmaker NXP worth 23 percent more than Qualcomm's offer 11 Dec 2017

Activist investor Elliott Management Corp said on Monday NXP Semiconductors NV is worth about 23 percent more than Qualcomm Inc's $38-billion offer to buy the chipmaker.

Qatar goes ahead with $6.7 billion Typhoon combat jets deal with UK's BAE Systems 10 Dec 2017

LONDON BAE Systems and Qatar have entered into a contract valued at around 5 billion pounds ($6.7 billion) for the country to buy 24 Typhoon combat aircraft, the British defence group said on Sunday.

Apple confirms deal to buy music discovery app Shazam 11 Dec 2017

SAN FRANSICO Apple Inc on Monday confirmed it had reached a deal to acquire Shazam Entertainment Ltd, the U.K.-based app that lets users identify songs by pointing a smart phone at the audio source.

Corning to buy 3M's communication markets unit for $900 million 11 Dec 2017

Gorilla Glass maker Corning Inc said on Monday it would buy substantially all of 3M Co's communication markets business for about $900 million in cash.