Entanglemental News
Entanglemental News

Etiqueta: <span>Corporate Strategy</span>

Markets

Lazard profit falls sharply as advisory revamp tests recovery

Lazard reported a steep second-quarter profit decline as a higher tax rate and weaker financial advisory revenue overshadowed growth in asset management. The investment bank is cutting senior advisory roles while trying to redirect resources toward sectors with stronger fee potential.

1 min
Mergers & Acquisitions

Uber to Buy Delivery Hero in $14.8bn Global Deal

Uber has reached an agreement to acquire Germany's Delivery Hero for $14.8 billion, combining Uber Eats with food delivery brands across 99 countries. The deal, which includes the sale of certain operations to SSW Partners for $1.6 billion, is expected to close in the second half of 2027.

2 min
Mergers & Acquisitions

Segro Rejects Third Prologis Takeover Bid as $18.2 Billion Offer Falls Short

Britain's Segro has rejected a third takeover bid from U.S. warehousing giant Prologis, valued at £13.5 billion ($18.2 billion). The board insists the offer undervalues the company's portfolio and growth prospects, while Prologis urges shareholders to push for a deal ahead of a July 22 deadline.

2 min
Mergers & Acquisitions

Stripe and Advent make $53 billion-plus approach for PayPal

Stripe and Advent International have made a joint approach to acquire PayPal at $60.50 per share, valuing the payments company at more than $53 billion. The proposal is backed by roughly $50 billion in committed bank financing, but PayPal has not formally responded and there is no certainty of a deal.

2 min