FRANKFURT Berlin-based online food takeaway service Delivery Hero, one of Europe's biggest start-ups, will acquire competitor Foodpanda, a sign of further consolidation to fend off new competition in Europe's sought after food-delivery business.
LONDON Rupert Murdoch's new takeover approach for British pay-TV firm Sky should be investigated by the UK's competition authorities, according to opposition politicians, though analysts said a deal should be easier to get through this time round.
NEW YORK/LONDON Rupert Murdoch's Twenty-First Century Fox Inc has struck a preliminary deal to buy the 61 percent of British pay-TV firm Sky Plc it does not already own for around $14 billion, five years after a political scandal wrecked a previous bid.
Santa Monica-based Cornerstone OnDemand Inc has received approaches from potential buyers as shareholders including Praesidium Investment Management push the company to run a formal process, Bloomberg reported.
Twenty-First Century Fox Inc's plan to buy the remaining stake in Sky Plc further insulates the Murdoch family-owned media company from a U.S. television advertising market roiled by sagging ratings, experts said.
(Corrects Dec. 8 story to say in paragraph 8 that Leonard Blavatnik is a Russian-born American billionaire, not a Russian billionaire)
Japanese electronic parts maker TDK Corp is in talks to acquire InvenSense Inc, a U.S. chip maker that produces motion sensors for Apple Inc and Samsung Electronics Co, people familiar with the matter said on Friday.
FRANKFURT German semiconductor chipmaking machinery company Aixtron may sell off part of its business, its chief executive said in an interview published on Friday, opening the door for bidders after a deal with a Chinese company collapsed.
BERLIN The German Economy Ministry has no business in planning a strategy for semiconductor chipmaking machinery company Aixtron after a deal with a Chinese firm collapsed, a spokesman said on Friday.
HONG KONG Chinese photo app and mobile phone maker Meitu Inc is set to raise $630 million after pricing its Hong Kong initial public offering at the bottom of expectations, a person with direct knowledge of the deal said on Friday.
WASHINGTON The U.S. Senate passed legislation on Friday to fund the government through April and President Barack Obama promptly signed it into law, after Democrats who had sought more generous healthcare benefits for coal miners stopped delaying action on the measure.