Hexagon To Expand Into NDT with Waygate Technologies Acquisition
Hexagon AB signed a definitive agreement to acquire Waygate Technologies for roughly $1.45 billion, adding non‑destructive testing (NDT) capabilities to its Manufacturing Intelligence (MI) business. Waygate, a German‑based NDT leader with about $630 million in annual revenue and 1,500 employees across 25 sites, serves aerospace, automotive, energy and industrial manufacturers. The deal expands Hexagon’s portfolio from surface metrology to interior inspection, targeting sectors such as aerospace, automotive and battery production. Hexagon plans to improve Waygate’s margins through China localisation, cross‑selling and operational efficiencies, with closing expected in the second half of 2026.
WPP Reportedly Explores Sale of PR Arm Burson
WPP has hired Goldman Sachs to evaluate a sale of its public‑relations unit Burson, the agency created in 2024 from the merger of BCW and Hill & Knowlton. Burson reported a 6% revenue decline for the full year 2025 and now employs...
Zen Says Sale Talks Progressing Well, All Parties “Deeply and Strategically Aligned” On Renewables
Zen Energy, the Adelaide‑based gentailer focused on baseload renewables, says it is deep into sale negotiations with a preferred strategic buyer, amid reports that Swiss trader Gunvor Group is the exclusive contender. The company disclosed a $133.6 million AUD (≈$88 million USD)...
Partners Group Exits Green Tea Group Following Hong Kong IPO
Swiss private equity firm Partners Group is exiting its nearly nine‑year investment in Hong Kong casual‑dining chain Green Tea Group by selling its entire 15.96% stake, more than 106 million shares. The disposal includes a block trade of over 60 million shares...
Hollywood Letter Opposes PSKY-WBD Deal
Hollywood’s top talent rallied behind an open letter of more than 1,000 signatures to block the proposed $110 billion merger of Paramount Skydance and Warner Bros. Discovery. The signatories argue the deal would deepen media concentration, cut jobs, raise costs and shrink...
Cursor, Claude Code, and Codex Are Merging Into One AI Coding Stack Nobody Planned
AI coding tools are coalescing into a composable stack rather than consolidating around a single winner. In early April 2026 Cursor released version 3 with an Agents Window that orchestrates parallel AI agents, OpenAI published a Codex plugin that runs inside...
Slovenia’s NLB Announces €29 per Share Takeover Bid for Addiko Bank
Slovenian banking giant NLB has launched a voluntary public takeover offer for Austria’s Addiko Bank at €29 per share (about $32), representing a 25.8% premium to the recent average price. The bid seeks a controlling majority and outbids Raiffeisen Bank...
Leonard Green Nears $3 Billion Deal for Cumming Group, FT Says
Private‑equity firm Leonard Green & Partners is nearing a deal that would acquire construction‑project consultancy Cumming Group for about $3 billion, including debt, according to the Financial Times. Cumming, currently owned by New Mountain Capital, advises on large‑scale infrastructure programmes such...
Ether Machine Scraps SPAC Merger with Dynamix, Citing Market Conditions
Ether Machine and Dynamix have mutually terminated their planned SPAC merger, ending a proposed Nasdaq debut for the Ethereum‑treasury firm. The termination triggers a $50 million payment from an undisclosed “Payor” to Dynamix within 15 days. Ether Machine had previously raised...
Would Danone Sell Its Lifeway Stake?
Danone, which owns about 23% of kefir maker Lifeway Foods, has made two failed acquisition bids totaling $283 million and $307 million in 2024. After a lawsuit and a series of negotiations, the companies signed a cooperation agreement in October 2025 that...
Nebius (NBIS) Eyes Foray Into Full-Stack AI, Soars 33%
Nebius Group NV surged 33.2% week‑on‑week after reports it will acquire Israel‑based AI startup AI21, positioning the company as a full‑stack AI provider. The move follows AI21’s collapsed $3 billion merger with Nvidia and aligns with Nebius’s expanding data‑center footprint, including...
Megadeal Rumored for Russian VTB Bank and E-Commerce Major Wildberries
Russia's state‑controlled VTB Bank and e‑commerce giant Wildberries are reportedly in talks about a merger or equity swap that could reshape the country's digital finance landscape. Wildberries generated roughly $67 bn in gross merchandise value in 2025, a 49% year‑on‑year increase,...
Tata Group Chair Tells Workers Air India Faces Challenging Time
Tata Sons chairman Natarajan Chandrasekaran warned Air India employees that the airline is in a "challenging time" as it grapples with record losses, the departure of CEO Campbell Wilson, and costly integration after merging with Vistara. Integration expenses and persistent...
Sumitomo Forestry Bets Big on US Housing Market, Eyeing Local Majors
Japanese construction giant Sumitomo Forestry announced a $4.2 billion acquisition of U.S. builder Tri Pointe Homes, expanding its North‑American footprint. The purchase is expected to increase Sumitomo's U.S. housing supply by roughly 60%, giving it a sizable platform in a market facing...
WPP Explores Sale of Flagship PR Agency Burson
WPP is exploring a sale of its flagship public‑relations agency Burson, formed in 2024 from the merger of BCW and Hill & Knowlton and employing about 6,000 people worldwide. The potential divestiture would represent a near‑complete exit from the PR sector and...
Viewpoint: What Happens Next for Nexstar and TEGNA?
U.S. District Judge Troy L. Nunley extended a temporary restraining order by a week, delaying a decision on whether to issue a permanent injunction that could block Nexstar Media Group’s $6.2 billion acquisition of TEGNA. The deal, already cleared by the...
Big Pharma Is Turning to China for the Newest Drug Ideas
Pfizer is intensifying its search for breakthrough cancer treatments by tapping Chinese biotech. Last summer the company paid $1.25 billion to Shanghai‑based 3SBio for rights to a promising oncology candidate. The move reflects a broader shift as China evolves from a...
Ovintiv Completes $3-Billion Anadarko Asset Sale, Advances Debt Reduction
Ovintiv has completed the sale of its Anadarko Basin assets in Oklahoma for $3 billion, generating roughly $2.85 billion in net proceeds. The company will use the cash primarily to reduce debt and to redeem $700 million of 5.650% senior notes due 2028...
Morningstar Moves on From ByAllAccounts -- Sending It to a Startup Incubator -- 12 Years After Former CEO Joe Mansueto...
Morningstar has sold its ByAllAccounts account‑aggregation business to Pello Companies, a tech‑startup incubator founded in 2024. The divestiture ends a decade‑old, $28 million acquisition that many analysts said was overpriced in a market that has become increasingly commoditized. Morningstar will keep...
As De Beers Bid Deadline Looms, Botswana Pushes for Control
Botswana, which currently owns 15% of diamond giant De Beers, is moving to increase its stake to a controlling majority as the company’s bid deadline approaches. The government aims to acquire more than 50% of the firm, a deal that would...
Cirrus CI Is Shutting Down: Upgrade to a Scalable, AI-Ready Alternative
On April 7 Cirrus Labs announced its acquisition by OpenAI, prompting the shutdown of its CI platform, Cirrus CI, effective June 1, 2026. The company recommends teams migrate to CircleCI, which mirrors Cirrus’s config‑as‑code, pay‑per‑second billing and multi‑platform support while adding AI‑native tooling, Apple M4 Pro...
Lincoln Property Company Hires Sean Perrier for SoCal Industrial Deals
Lincoln Property Company (LPC) has hired Sean Perrier as vice president to lead industrial acquisitions in Southern California. Perrier, a former CBRE analyst and most recently a VP at CT Realty, will focus on sourcing and executing deals, especially in...
This Week in Grocery News: Empire’s ‘Strategic’ Deal, Discount versus Conventional
Empire Company announced the acquisition of Quebec discount retailer Mayrand, giving it a strategic foothold in the province’s discount and warehouse grocery market. FreshCo, Empire’s discount chain, is launching three new stores in the Halifax area, marking its first entry...
Billionaire Broncos Owners Buy 40% of Rockies
The Walton‑Penner family, owners of the Denver Broncos, has purchased a 40% minority stake in the Colorado Rockies, becoming the franchise's largest minority investor. Valued at roughly $1.68 billion, the Rockies have long been one of MLB’s lowest‑spending clubs and have...
Boaz Weinstein Scores Win After UK Trust Backs SpaceX Proposal
Activist investor Boaz Weinstein, through Saba Capital Management, secured a win for a tender offer backed by Edinburgh Worldwide Investment Trust after the trust's own board proposal was rejected. The Saba-backed plan lets shareholders exit at net asset value minus...
Forest Hills Synagogue to Sell to RJ Capital, Top Rock Holdings for $39M
New York real‑estate firms RJ Capital Holdings and Top Rock Holdings have signed a contract to purchase the Forest Hills Jewish Center for $39 million. The deal, approved by the state attorney general, also grants the congregation a $10 million credit toward...
Hospital M&A Rebounds After 2025 Lull
Hospital and health‑system M&A rebounded in Q1 2026, with 22 announced deals—the highest first‑quarter total in six years. The quarter’s transacted revenue hit $14.5 billion, buoyed by several mega‑mergers exceeding $1 billion in annual revenue. Divestitures dominated, accounting for 15 of the...
What General Atlantic’s $3B TEAM Bet Says About Home-Based Care’s Evolution
General Atlantic acquired home‑care platform TEAM Services for roughly $3 billion, a deal reported at a 10‑times multiple. The purchase highlights a shift toward tech‑enabled, infrastructure‑heavy providers that blend direct care with payroll and Medicaid financial‑management services. TEAM’s portfolio, bolstered by...
Ackman's $64 Billion Universal Bet Hinges on Power Broker Bollore
Bill Ackman's $64 billion unsolicited bid for Universal Music Group hinges on French billionaire Vincent Bolloré, who controls just under 32% of the label through direct shares and Vivendi holdings. Bolloré’s consent is essential; without it the transaction cannot close. His group’s...
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Peakstone Realty Trust (PKST) shareholders will vote on April 29, 2026 to approve a merger with affiliates of Brookfield Asset Management. If approved, each PKST share converts to a right to receive $21.00 net cash, translating to $2,100 per standard option contract....
Drugs From a Text Prompt, Wegovy Pill Competition Dampens Lilly’s Surge
Agentic AI is revolutionizing drug discovery, allowing scientists to generate candidates from simple text prompts and run extended‑reality guided experiments. In parallel, Gilead announced a deal to acquire Tubulis for up to $5 billion, strengthening its antibody‑drug conjugate portfolio. Eli Lilly and...
From Pershing Square’s $64 Billion Bid for UMG to Wireless Festival’s Kanye West Cancellation… It’s MBW’s Weekly Round-Up
Bill Ackman's Pershing Square lodged a non‑binding $64 billion cash‑and‑shares offer for Universal Music Group, promising €9.4 billion (≈$10.2 billion) in cash per share and expecting strong shareholder backing despite JP Morgan’s doubts about Bolloré’s support. AI music platform Udio signed its fourth major...
Teamsters Rail Conference Occupies Wall Street
On April 7, senior leaders of the Teamsters’ Brotherhood of Locomotive Engineers and Trainmen (BLET) and the Brotherhood of Maintenance of Way Employees (BMWED) convened in New York with more than three dozen Wall Street analysts and investors, including UBS,...
Playtika’s Next Move, The Division Resurgence’s Early Numbers and Game of Thrones’ Next Mobile Title | Week in Views
Playtika has reopened a portfolio‑wide strategic review to boost shareholder value, despite its market cap shrinking to $1.19 billion after a series of costly acquisitions. The company’s SuperPlay studio is the only bright spot, while older titles show declining revenue. Ubisoft’s...
Sun Pharma Shares Down 4 per Cent on Reports of Overtures for US-Based Organon
Sun Pharmaceutical Industries’ shares fell about 4% to ₹1,654.70 (≈$20) after media reports that the company is close to a $12 billion bid for U.S. women’s‑health firm Organon. The deal would be Sun’s largest ever acquisition, adding Organon’s $6.2 billion 2025 revenue,...
Reimagining Rail Growth
Rail traffic in the United States has been flat for over a decade, prompting Union Pacific to propose a merger with Norfolk Southern as a possible catalyst. Industry leaders argue that competition and service innovation, rather than consolidation, are the...
Parkin Picks A Local Leader For Memphis’ ‘FOX 13’
Todd Parkin’s licensee continues to own Memphis’s FOX 13, a key station in the West Tennessee DMA. Recent reports indicate that several stations his group acquired are being transferred back from Rincon Broadcasting to Standard Media’s Community News Media LLC....
Sitrick Buys Back His Firm
Mike Sitrick has agreed to repurchase his strategic communications firm, Sitrick & Company, from Dallas‑based RGP for $43.4 million. The transaction, first announced on April 10, 2026, is slated to close within 45 days, restoring full operational control to Sitrick. RGP is using...
Repay Faces Kubra Purchase Opposition
Repay Holdings announced a $372 million cash‑plus‑debt acquisition of Kubra Data Transfer, aiming to merge complementary payment platforms. The combined entity would have generated roughly $548 million in revenue and $178 million of adjusted EBITDA last year. Veradace Partners, an 8.4 % shareholder, publicly...
Global PE Dealmaking Shows Resilience Despite Renewed Tariff Uncertainty, War in Iran
Global private‑equity dealmaking proved surprisingly resilient in 2023, according to new PitchBook data. The total value of PE‑backed mergers and acquisitions held steady at roughly $1.2 trillion, while the number of transactions rose about 4% year‑over‑year to 6,800 deals. Even as...
Interra Buys 4.5M SF Greenway Plaza Office Campus In Receivership Sale
Interra Capital Group has purchased the 4.5 million‑square‑foot Greenway Plaza office campus in Houston, assuming the $465 million loan that placed the property in receivership. The deal, announced on April 10, 2026, brings the distressed asset under new ownership and appoints CBRE to...
Pacha New York Offers Coupons to Disgruntled Brooklyn Mirage Ticketholders
Pacha New York, the rebranded former Brooklyn Mirage, announced it will issue 100% ticket‑value coupons to patrons who never received refunds for canceled events before the venue’s bankruptcy. The coupons can be used for shows, food, drinks, and merchandise when...
Finance Titans Bet Mideast Resilience Will Outweigh War Fallout
Wall Street’s biggest banks and private‑equity firms are deepening their Gulf foothold despite Iran’s missile attacks and a two‑week cease‑fire. Blackstone announced a $250 million private‑equity commitment, while Citi’s CEO Jane Fraser reiterated confidence in the region. Goldman Sachs is pursuing...
Kiss And Don’t Say Goodbye: NW Ark. FM Is Moving
Stereo 93 Inc. is selling Fort Smith’s KISR‑FM 93.7 to Pearson Broadcasting of Northwest Arkansas for $1.235 million, with a $65,000 escrow deposit and the balance due in cash at closing. Pearson, which operates the ESPN Arkansas sports network, is expected to convert the frequency...
REIT M&A Activity Drives Strong Week for Dividend Dogs ETF
The ALPS REIT Dividend Dogs ETF (RDOG) posted a 4.3% weekly gain, the strongest among all ALPS funds, as REIT consolidation boosted several top holdings. Tower operators SBA Communications and Crown Castle surged after takeover interest and a restructuring plan...
Top Biotech Deals in March 2026
Biotech M&A activity peaked in March 2026 with twelve announced deals, eight of which were multi‑billion‑dollar transactions. The largest was Lilly’s $7.8 billion acquisition of Centessa, adding an orexin‑receptor‑2 program for narcolepsy. Other marquee deals included Biogen’s $5.6 billion purchase of Apellis, Merck’s...
Unilever Strikes Deal to Acquire Plant-Based Supplement Maker Grüns
Unilever announced a deal to acquire US plant‑based supplement maker Grüns for an undisclosed sum. The acquisition adds one of the largest greens brands in the United States to Unilever’s portfolio. It aligns with the group’s strategy to tilt its...
Iberdrola Nears Full Takeover of Brazil's Neoenergia
Iberdrola has increased its stake in Brazil’s Neoenergia to 98%, moving toward a full takeover that could be completed within weeks via a squeeze‑out right. The latest purchase added 14.2% of shares at BRL 33.77 per share (about $6.6), amounting to...
Blackstone Takes Minority Stake in Rowan Digital Infrastructure
Blackstone’s infrastructure investment team bought a minority stake in Rowan Digital Infrastructure, a fast‑growing data‑center and fiber‑network operator backed by Quinbrook. The transaction, reportedly worth about $200 million, values Rowan at roughly $800 million. Blackstone will supply capital and operational expertise to...
Personal Care: 5 Notable Private Equity Deals as Brands Build Relationships with Consumers
Private‑equity firms are accelerating activity in the personal‑care sector, with Advent, RoundTable and Gemspring among the most active investors. The latest wave includes five high‑profile transactions that target brands leveraging direct‑to‑consumer channels and clean‑beauty positioning. Deal sizes range from low‑hundred‑million...