Zynga Inc, the creator of games such as FarmVille, has agreed to buy Turkish game maker Peak Games for $1.8bn, making the purchase its biggest acquisition ever.
Carluccio’s, one of the first casual dining chains to fall into administration due to the pandemic, has been purchased by Boparan Restaurant Group (“BRG”). Around 30 of Carluccio’s 70 UK sites will be acquired, keeping 800 jobs. The remaining staff will be laid off, and sites closed or sold.
UK based pharmaceutical giant, AstraZeneca, approached US rival Gilead Sciences over a potential merger, before later changing its mind.
Jeff Bezos has invested in Beacon, a UK-based digital logistics company that aims to disrupt the freight forwarding and supply chain finance industries.
Pub group Marston’s and Carlsberg UK have set up a joint venture to share their brewing operations and costs.
After doubts arose regarding whether LVMH’s (Louis Vuitton) acquisition of Tiffany & Co would still go ahead, on Friday 5 June it was stated that the conglomerate would refrain from renegotiating the acquisition.
The British make-up and skincare brand Charlotte Tilbury is up for sale at a selling price rumoured to be over the £1bn mark. With a deal to be agreed imminently, global beauty giants, including Unilever, L’Oréal and Estée Lauder, are amongst those who have expressed significant interest.
Virgin and O2 have announced a merger that would create a £31bn telecoms giant.
The acquisition of Victoria’s Secret by Sycamore Partners is in peril after the private equity firm cited COVID-19 induced store closures and furloughs as a reason for backing out of the $525m deal.
Boeing has terminated a $4.2bn joint venture deal with Brazilian aircraft maker Embraer to acquire 80% of its commercial jet division.