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SMEC entry into Aleco on track

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Conglomerate San Miguel Corp. is on track to a formal management takeover of debt-saddled Albay Electric Cooperative (Aleco) next year despite attempts of a small group to abort the transition.

Posted: December 27th, 2013 in Headlines | Read More »

Jeff Bezos takes control of Washington Post

Jeff Bezos, CEO of Amazon.com., poses for a photo Tuesday, Sept. 24, 2013, with the 8.9-inch version of the new Amazon Kindle HDX tablet computer in Seattle. The founder of Amazon closed a $250-million deal Tuesday, Oct. 1, 2013, to acquire The Washington Post, ending the longstanding ownership of the renowned Graham family, the newspaper announced.  AP

Jeff Bezos, the founder of Amazon, closed a $250 million deal Tuesday to acquire The Washington Post, ending the longstanding ownership of the renowned Graham family, the newspaper announced.

Posted: October 2nd, 2013 in Latest Business Stories | Read More »

K-Water secures Angat hydro plant with San Miguel group

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Korea Water Resources Development Corp. (K-Water) is officially taking over the 218-megawatt (MW) Angat hydroelectric power plant (HEPP) in Bulacan with the San Miguel group as its Philippine partner, said K-Water vice president for overseas business Byung Hoon Yune.

Posted: September 3rd, 2013 in Headlines | Read More »

Latest Internet casualty: Washington Post sold for $250M to Amazon founder

Katharine Weymouth, publisher and CEO of The Washington Post, left, and Donald Graham, CEO and chairman of The Washington Post Co., address employees about the sale of The Washington Post to Amazon.com founder Jeff Bezos, Monday, Aug. 5, 2013, in Washington.  AP PHOTO/THE WASHINGTON POST, MARVIN JOSEPH

The Washington Post, the legendary newspaper that broke the Watergate scandal, is being sold to Amazon founder Jeff Bezos as it seeks to survive the onslaught of the Internet.

Posted: August 6th, 2013 in Latest Business Stories | Read More »

Hermes accuses LVMH of historic fraud—report

AFP FILE PHOTO/Miguel Medina

Hermes, the select handbag and scarf maker, accused luxury conglomerate LVMH of carrying out the “most important fraud in the history of the French stock market” in a court filing, as quoted in the Les Echos newspaper on Wednesday.

Posted: June 19th, 2013 in Latest Business Stories | Read More »

Gov’t all set to take over MRT 3

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The government is ready to finance the takeover of Metro Rail Transit Line 3, a plan that includes buying out the private sector, according to National Treasurer Rosalia de Leon.

Posted: May 13th, 2013 in Headlines | Read More »

Cloud software firm BMC sold for $6.9B

bmc-software

A consortium of private equity groups announced a deal Monday to acquire enterprise software group BMC Software for $6.9 billion in cash.

Posted: May 7th, 2013 in Latest Business Stories | Read More »

Thailand’s richest tycoon in $6.6B bid for discount retailer

Dhanin Chearavanont  PHOTO FROM THE NATION/ANN

Thailand’s richest tycoon on Tuesday launched a $6.6 billion takeover bid for Thai discount retailer Siam Makro as rapid economic growth drives a boom in the kingdom’s retail sector.

Posted: April 24th, 2013 in Latest Business Stories | Read More »

Palace OKs proposed gov’t takeover of MRT-3

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President Aquino has approved the Department of Transportation and Communications’ plan to take over the Metro Rail Transit Line 3, which was estimated to cost the government roughly $1 billion.

Posted: December 19th, 2012 in Headlines | Read More »

BSP gives go-ahead to CIMB acquisition

REGULATORS have given the green light for CIMB Bank’s planned takeover of Bank of Commerce in line with the Malaysian giant’s Southeast Asian expansion ambition.

Posted: November 24th, 2012 in Headlines | Read More »

Canadians oppose Chinese takeover of energy firm

Nexen headquarters  PHOTO FROM NEXENINC.COM

Nearly six in 10 Canadians believe their industry minister should block the proposed takeover of Calgary-based oil and gas company Nexen by China’s state-owned CNOOC, a poll showed Tuesday.

Posted: October 17th, 2012 in Latest Business Stories | Read More »

Pangilinan bid to acquire GMA 7 falls through

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PLDT chairman Manuel V. Pangilinan: Signs of growth.   INQUIRER FILE PHOTO

Businessman Manuel V. Pangilinan’s bid to acquire a controlling stake in local broadcasting firm GMA Network Inc. has been aborted the second time around.

Posted: October 4th, 2012 in Latest Business Stories | Read More »

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