With brands like Tiffany, Dom Pérignon and Louis Vuitton, LVMH turned him into one of the world’s richest men. But with five children, he has a hard decision to make.
Category: Mergers, Acquisitions and Divestitures
-
Arm, the Chip Designer, Raises $4.87 Billion in the Year’s Largest I.P.O.
Arm’s return to public markets is being watched, by both Wall Street and Silicon Valley, as a barometer of investor appetite for new tech offerings.
-
SoftBank Needs a Hit, and It’s Betting on Arm
Softbank’s chief executive, Masayoshi Son, believes the chip design company he bought in 2016 is poised to reap the fruits of the A.I. revolution.
-
Smucker’s Buys Twinkie Owner Hostess Brands for $5.6 Billion
J.M. Smucker, the maker of jellies, Jif peanut butter and Uncrustables, agreed to take over Hostess Brands, adding Twinkies, Ho Hos and Ding Dongs to its portfolio of snacks.
-
Head of Luxury Goods Maker Kering Buys Majority Stake in Talent Agency CAA
The deal for Creative Artists Agency by François-Henri Pinault’s family office reflects the growing convergence of celebrities and fashion.
-
Comcast and Disney Agree to Speed Up Hulu Deal
Disney is poised to own the entirety of the Hulu streaming service, which has more than 48 million total subscribers.
-
Wall Street Moguls Win Important Backer in Their Fight Over Hedge Fund Sale
A group of high-profile investors is pushing to buy a storied hedge fund that has already agreed to be sold to another firm.
-
UBS Reports $29 Billion Profit, a Record
The huge gain stems from the bank’s acquisition of its rival Credit Suisse this spring for about $3.2 billion, a steep discount that is skewing its quarterly results.
-
VanMoof, Trendy E-Bike Brand, Bought Out of Bankruptcy by Scooter Maker
Lavoie, which makes high-end scooters based on McLaren’s Formula 1 technology, acquired the trendy e-bike brand that had gained a zealous following.
-
UBS Earns $29 Billion From Badwill Tied to Credit Suisse Deal
The Swiss bank’s sharply discounted takeover of Credit Suisse led to a paper gain that gave it the biggest quarterly profit by a bank in history.