Mergers & acquisitions
Biden preparing to block Nippon Steel $22 billion takeover of US Steel
The deal would have created the third-largest global steelmaker in a bid to compete with Chinese rivals on the global stage.
- by Josh Wingrove
Latest
Opinion
AI
The new billionaire behind one of the biggest deals in Australian history
Robin Khuda’s story ticks every immigrant-made-good box, but the real attention-grabbing element is the time taken for the company he founded to reach $23 billion in value – nine years.
- by Elizabeth Knight
Updated
REA Group
News Corp-backed real estate group eyes global property push
The operator of realestate.com.au is mulling a tie-up with UK’s top property portal, but the market isn’t sold on the move.
- by Penry Buckley
Sydney pub sold for $70 million-plus in biggest sale of the year
Pub veteran John Ryan has splashed out more than $70 million for the Tea Gardens pub in Sydney’s east in what is the largest deal this year in the booming hotel sector.
- by Carolyn Cummins
7-Eleven heirs get $1.3 billion windfall after shock offer
The Japanese group’s founder died last year at the age of 98. Now his heirs have a decision to make.
- by Pui Gwen Yeung and Filipe Pacheco
Updated
Insolvency
‘Sleeves are rolled up’: New Booktopia boss on revitalising the business
Booktopia has been rescued by the owner of online camera store digiDirect, Shant Kradjian, who is adding 100 jobs back to the collapsed bookseller.
- by Jessica Yun
Secretive family behind the Mars chocolate empire shakes up food world with $55 billion deal
Residents of McLean, Virginia, joke that the most secretive organisation based in their suburb is not the CIA, but the Mars company.
- by Abigail Summerville
Exclusive
TikTok
‘It will be a different place’: The billionaire-backed push to buy TikTok is gaining steam
A move to buy TikTok’s US arm could radically reshape the controversial social media app and its mysterious algorithms.
- by David Swan
Craig Hutchison to sell NBL’s Perth Wildcats for $40m
Craig Hutchison’s embattled media and sports business has sold NBL franchise the Perth Wildcats for $40 million.
- by Calum Jaspan
The son of one of the world’s richest people just became Hollywood’s newest mogul
His father is the ninth-richest person in the world. Now David Ellison is about to take charge of a sprawling media empire that includes CBS, MTV and the Paramount movie studio.
- by Benjamin Mullin
Updated
Santos
Santos shares jump on report Middle Eastern giants are weighing up takeover bids
Saudi Aramco and Abu Dhabi National Oil have reportedly been separately studying potential bids for Australia’s $25 billion energy giant Santos.
- by Nick Toscano