Dealmakers adrift as $1.5 trillion vanishes in first-half slump

Dealmakers adrift as $1.5 trillion vanishes in first-half slump

The world’s dealmakers are counting their losses in one of the worst years for takeovers and stock market listings in a decade.

  • byBloomberg News

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PointsBet finalises sale of US outfit to Jay-Z backed Fanatics

PointsBet finalises sale of US outfit to Jay-Z backed Fanatics

PointsBet’s $333 million sale of its US division to merchandise business Fanatics has cleared the final hurdle after shareholders voted in its favour.

  • byAmelia McGuire
Fanatics raises PointsBet US bid by $111m to win takeover battle

Fanatics raises PointsBet US bid by $111m to win takeover battle

Jay-Z backed merchandise giant Fanatics has wrangled back its deal to buy PointsBet’s US division by upping its offer to $333 million.

  • byAmelia McGuire
PointsBet gives DraftKings deadline for formal bid on US arm

PointsBet gives DraftKings deadline for formal bid on US arm

Wagering giant DraftKings will have until Tuesday to launch a formal offer for ASX-listed PointsBet’s US operations,and back up its surprise $283 million bid.

  • byAmelia McGuire
PointsBet’s US sale disrupted as DraftKings lobs late bid

PointsBet’s US sale disrupted as DraftKings lobs late bid

The wagering company has told the Australian market that DraftKings has lodged a late bid for the US arm of its business with a headline purchase price of $283 million in cash,with no financing condition.

  • byAmelia McGuire
French giant to acquire Australia’s largest listed cybersecurity firm

French giant to acquire Australia’s largest listed cybersecurity firm

Melbourne-based Tesserent has agreed to a $176 million offer from multinational Thales.

  • byTim Biggs
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Pressure ramps up on Domino’s as US operator buys Pizza Hut

Pressure ramps up on Domino’s as US operator buys Pizza Hut

A US franchise operator has pumped cash into Domino’s biggest competitor at a time when the chain has struggled to navigate rising costs.

  • byDaniela Sirtori-Cortina andMillie Muroi
Saudi Arabia,Kerry Packer and the art of shaking up a sport
Opinion
World golf

Saudi Arabia,Kerry Packer and the art of shaking up a sport

Like a wealthy Australian businessman did nearly half a century ago,Saudi Arabia has just taken on and beaten the kingpins of a sport. It’s a big step in a bigger plan.

  • byStephen Bartholomeusz
Brookfield lifts renewables spend to $30b in Origin takeover push

Brookfield lifts renewables spend to $30b in Origin takeover push

Origin Energy’s suitor has told the competition regulator that a takeover offers the ASX-listed target the best option to fund its ambitious transition to green energy.

  • byNick Toscano
Tyro’s second takeover approach tumbles at eleventh hour

Tyro’s second takeover approach tumbles at eleventh hour

Private equity firm Potentia Capital has walked away from the Mike Cannon-Brookes-backed fintech Tyro Payments after gaining access to its books.

  • byMillie Muroi
Pokies giant takes $1.5b gamble on Israeli gaming outfit

Pokies giant takes $1.5b gamble on Israeli gaming outfit

Aristocrat Leisure will acquire NeoGames in a push to firm up its position in the online lottery market after a failed bid for another gaming firm last year.

  • byMillie Muroi