ACCC Rejects Merger Authorization for ANZ‘s Acquisition of Suncorp Bank The Decision The Australian Competition and Consumer Commission (ACCC) has decided not to grant merger authorization for ANZ Banking Group’s (ASX:ANZ) proposed acquisition of Suncorp Group’s (ASX:SUN) banking arm. The ACCC, under its statutory test, must determine whether the proposed acquisition would substantially lessen competition […]
The ACCC Rejects ANZ Banking Group’s Acquisition of Suncorp Bank Introduction In a major decision with significant implications for Australia’s banking industry, the Australian Competition and Consumer Commission (ACCC) has announced its decision not to grant merger authorisation for ANZ Banking Group’s proposed acquisition of Suncorp Bank’s banking arm. The ACCC‘s decision is based on […]
NBA Trade Sends Shockwaves Through the League A recent three-way blockbuster trade in the NBA has left fans and experts stunned, as it involves some prominent players and significant draft picks. The trade involves Kristaps Porzingis headed to the Boston Celtics, Marcus Smart going to the Memphis Grizzlies, and Tyus Jones being sent to the […]
Smosh Co-Founders Anthony Padilla, Ian Hecox Reunite to Acquire Comedy Brand From Rhett & Link (EXCLUSIVE) Background Anthony Padilla, one of the co-founders of the popular YouTube comedy brand Smosh, has returned to the company after a four-year absence. In a surprise move, Padilla, along with fellow co-founder Ian Hecox, have acquired a majority ownership […]