Courtroom showdown looms for $4.9b ANZ acquisition of Suncorp Bank Why it matters The rejection of the $4.9 billion ANZ acquisition of Suncorp Bank by the Australian Competition and Consumer Commission (ACCC) has prompted a potential six-month delay in a final ruling. The ACCC rejected the takeover on the grounds that it would reduce competition […]
Kmart and Target to Merge: Creating a $10 Billion Retail Powerhouse In a move that has taken the retail industry by storm, Kmart and Target, two of Australia’s major retail brands, are set to merge into one single business. The parent company, Wesfarmers, has confirmed that this merger will create a $10 billion dollar retail […]
PGA Tour and LIV Golf Unite in Explosive Merger That Startles Golf World Background In a surprising move that disrupted the professional golf industry, the PGA Tour and DP World Tour merged their commercial operations with Saudi-backed LIV Golf and ended all litigation plans. The PGA Tour, based in the United States, signed an agreement […]
Sport: PGA Tour, European Tour, and LIV Golf Agree on a Historic Merger The PGA Tour, European Tour, and LIV Golf circuit–backed by the Saudi Arabia Public Investment Fund–recently announced their historic merger and the formation of a unified commercial entity that aims to accelerate golf‘s growth. After two years of ongoing controversies and distractions, […]