Craig Hutchison’s embattled media and sports business has sold NBL franchise the Perth Wildcats for $40 million.
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.
Saudi Aramco and Abu Dhabi National Oil have reportedly been separately studying potential bids for Australia’s $25 billion energy giant Santos.
The transaction is the biggest banking deal in Australia since Westpac bought St George in 2008.
The merger would give veteran rag trader Solomon Lew his long-awaited seat on Myer’s board.
Australia’s competition watchdog has raised concerns that Chemist Warehouse’s planned merger with Sigma Healthcare into an $8.8 billion titan will hurt rivals in the pharmacy sector.
Putting aside the strength of arguments from the merger parties and the regulator,the facts are that an ACCC amber light more often turns to red than to green.
BHP has abandoned its six-week pursuit of rival Anglo American after a plea to extend takeover talks was turned down.
Woolworths’ acquisition of a major stake in PETstock has yielded a third beneficiary,PetO,which has its own ambitions of being a major player in the pet store landscape.
BHP has gained a one-week extension to come up with an improved and binding takeover offer for Anglo American after its rival rejected its latest bid.
The resources giant has until 2am on Thursday morning,Australian time,to increase its bid for rival miner Anglo American,issue a formal binding offer,or walk away.