The A$4.75-a-share proposal carries a 31.6% premium and values Reliance at A$4.1 billion including debt, but remains subject to due diligence and Brookfield investment-committee approval.
The potential transaction could rank among the largest software buyouts ever, but no agreement, price or financing package has been announced and the discussions may still end without a deal.
Apollo Global Management secured easyJet’s board support with a firm GBP 7.15-a-share offer after Castlelake declined to continue bidding. The ownership structure limits Apollo to 49.9%, preserves the founding family’s stake and targets completion by the end of March 2027.
The European Commission approved the $55 billion acquisition of Electronic Arts by an investor group including Saudi Arabia's Public Investment Fund under EU merger rules, concluding that the transaction does not raise competition concerns. A separate review under the Foreign Subsidies Regulation remains pending, with a decision expected by July 30.
A consortium comprising AIP, MGX and BlackRock's GIP has closed the $40 billion acquisition of Aligned Data Centers, the largest data center deal in history. The group has also committed an additional $5 billion in growth capital to expand AI-ready capacity across Aligned's 51-campus global portfolio.
Australian private equity firm Next Capital has signed an agreement to acquire Fujitsu's Australian data centre business, comprising five operational facilities across New South Wales, Victoria, Queensland and Western Australia. The transaction, expected to close later this year, will establish an independent Australian-managed platform with expansion plans.
Zhang Yichen, chairman and CEO of Citic Capital Holdings, argues that buyout funds and M&A, rather than IPOs, will define China's next capital market cycle as the country seeks to establish "patient capital" and resolve the exit bottleneck for private equity funds. A proposed national M&A fund and regulatory reforms could reshape the landscape.
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.
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.
