Exxon Reportedly Evaluates Woodside as LNG Acquisition Target
ExxonMobil is conducting early‑stage talks to acquire Australia’s Woodside Energy, valued at about $42 billion, as it seeks to expand its liquefied natural gas (LNG) portfolio and gain a stronger foothold in Asian markets. The move follows Exxon’s $60 billion purchase of Pioneer Natural Resources and reflects a strategic pivot toward LNG after supply disruptions in the Middle East. Woodside, the country’s largest LNG exporter, is developing a Gulf Coast project slated for 2029 and holds long‑term contracts with buyers in South Korea and Japan. While discussions are preliminary, the potential deal would mark Exxon’s first major non‑U.S. LNG asset acquisition.
Cupid Breweries to Acquire United Spirits' Alcobev Unit in Odisha for Rs 22.5 Crore
Cupid Breweries and Distilleries announced the acquisition of United Spirits' alcoholic‑beverage manufacturing unit in Gopalpur, Odisha for Rs 22.5 crore (≈ $2.7 million). The deal includes land, plant, machinery and premium excise licences, adding a facility capable of producing roughly 250,000 cases per month....
US Justice Department Approves $111bn Merger of Paramount and Warner Bros Discovery
The U.S. Department of Justice has approved the $111 bn merger of Paramount Skydance and Warner Bros Discovery, clearing a major antitrust hurdle. The deal, which promises $6 bn in synergies, still faces scrutiny in the U.K., where the Competition and Markets Authority has opened...
OpenAI Buys Ona to Help Rein in AI Agents
OpenAI announced it will acquire Ona, a 79‑person cloud development environment provider, to embed secure, persistent workspaces for autonomous AI agents. Ona’s platform already supports large enterprises, reporting a 13‑fold rise in weekly agent sessions across banks, pharma firms, and...
Sleep Number Files for Bankruptcy, Inks Merger Deal
Sleep Number filed for Chapter 11 bankruptcy to facilitate a merger with Canadian rival Sleep Country. The U.S. mattress maker carries $1.3 billion of debt, reported a 19% sales decline to $319 million, and posted a $50 million net loss. It is pursuing up...
"It Was an Emergency Acquisition": Former Destiny 2 Dev Says if Sony Didn't Buy Bungie, the Studio Would Have Been...
Former Bungie community manager Liana Ruppert revealed that the studio was on the brink of collapse before Sony’s emergency $3.6 billion acquisition in 2022. The announcement that Destiny 2 development will cease on June 9, accompanied by a final Monument of Triumph update,...
Highgate Takes Over Lotte’s New York Palace — How It Feeds the Next Deal
Highgate, a New York‑based investment and hotel‑management firm, will assume operational control of the 909‑room Lotte New York Palace while Lotte Hotels & Resorts retains ownership. The agreement is the first step in a broader framework that could link the two companies on hotel management,...
Orion CMC Considers Acquiring Stake in French Miner Eramet
Orion Critical Mineral Consortium, backed by the United States and Abu Dhabi, is evaluating a purchase of the 37% stake in French miner Eramet currently held by the Duval family. The consortium, which was launched with $1.8 bn in capital, seeks...
Francisco Partners Exits Its Minority Investment in Muse Group, Owner of Audacity, Hal Leonard and Ultimate Guitar
Francisco Partners has sold its minority stake in Muse Group, the Cyprus‑based owner of Audacity, MuseScore, Ultimate Guitar and Hal Leonard. The exit, announced after a 2023 growth investment that funded the Hal Leonard acquisition, was completed without a disclosed...
European BESS M&A ‘up Materially’ in Q1, Market Maturing and Repricing Risk
European battery‑energy‑storage‑system (BESS) mergers and acquisitions surged in Q1 2026, with 50 large‑scale deals reported, a material rise from late 2025. The UK market revived after grid‑connection reforms, transacting 4.2 GWh in recent weeks, while Allianz GI snapped up a 50% stake...
Repsol Brings In Masdar as Partner in Spanish Renewables Portfolio
Masdar, the Abu Dhabi state‑owned clean‑energy firm, will purchase a 49.99% stake in Repsol's Iberian renewable portfolio for €849 million ($983 million). The assets comprise 705 MW of operational capacity—402 MW from 13 wind farms and 303 MW from six solar parks—plus a pipeline of...
High Revenues, Long-Term Prospects Draw PE to Industrials; Thoma Bravo Featured in They Said It
Private equity firms are increasingly targeting industrial companies, drawn by strong cash flows and durable demand. The week’s deal flow highlighted Astorg‑backed IPCOM’s plan to acquire a majority stake in French refrigeration specialist Le Froid Pecomark. Thoma Bravo also featured prominently, underscoring the...
Balaena Acquiring APCL Group for $200m Boosting Repair Capacity
UK‑based Balaena, owner of Gibraltar’s Gibdock, has acquired marine‑engineering group APCL for £150 million (approximately $200 million). The deal adds A&P Tyne, A&P Falmouth, Falmouth Docks, Engineering and Cammell Laird to Balaena’s portfolio, creating a network of 12 drydocks across the UK, Gibraltar and...
Waterstones Owner Elliot Circles The Very Group for Potential £2bn Takeover
Elliott Advisors, the investment firm behind Waterstones, has entered the bidding round for The Very Group in a potential £2 billion ($2.67 billion) takeover. The move pits the UK‑based owner against Chinese e‑commerce giant JD.com and a possible re‑sale by Carlyle Group,...
Veteran Capital Corp. Terminates Letter of Intent for Qualifying Transaction with Powerhive
Veteran Capital Corp., a TSX Venture‑listed capital pool company, announced on June 11, 2026 that it has terminated its letter of intent with Powerhive, Inc. because Powerhive failed to secure financing or sign a definitive agreement within the agreed timeline, despite multiple...