Dado Ruvic/Reuters Videogame giant Electronic Arts will be taken private in a record-breaking US$55-billion leveraged buyout by a consortium consisting of private equity firm Silver Lake, Saudi Arabia’s Public Investment Fund and Jared Kushner’s Affinity Partners, the company said Monday. The deal for the maker of Battlefield underscores how deep-pocketed investors are betting on the…
Naspers and Prosus CEO Fabricio Bloisi Online marketplace OLX will buy French motors classified platform La Centrale for €1.1-billion (R22.4-billion), its owner Prosus said on Friday. Amsterdam-headquartered Prosus, which is majority owned by South Africa’s Naspers and focused on food and lifestyle e-commerce, in August reported a 54% jump in its e-commerce adjusted core earnings….
Christian Gisy, CEO of OLX Group. OLX Group, an online classifieds business wholly-owned by Prosus, has announced an agreement to acquire La Centrale, a French autos classifieds platform, from Providence Equity Partners for €1.1 billion (R22.4 billion). The transaction is expected to close by year-end, subject to the customary employee consultation process. In a statement,…
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Check Point Software Technologies aims to bolster end-to-end AI security for enterprises with its acquisition of Lakera. Cyber security solution firm Check Point Software Technologies has acquired Lakera, an AI-native security platform for agentic AI applications, in a $300 million deal that will enable it to deliver an end-to-end AI security stack to organisations. Founded…
Metrofile Holdings will be acquired by a special purpose company wholly owned by Mango Holding in a cash-for-shares transaction that values the group at R3.25/share. The deal and offer price, announced to shareholders on Wednesday through the JSE’s stock exchange news service, represents a substantial premium to Metrofile’s share price before talks became public. Mango…
Inside the MultiChoice City building in Randburg, Johannesburg. MultiChoice, which is being bought by Canal+ in a $3 billion deal, has received all the approvals it needs to restructure the company, ensuring the new entity has empowerment shareholders. The purchase amount currently equates to R52.2 billion, based on this morning’s exchange rate of R17.36. In…
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Company: Performance Food Group (PFGC) Business: Performance Food Group is a food and foodservice distribution company that operates through three segments: foodservice, specialty (formerly “Vistar”), and convenience. Its foodservice segment distributes a line of national brands, customer brands, and its proprietary-branded food and food-related products to independent and multi-unit chain restaurants and other institutions. Its…
Microsoft and OpenAI said on Thursday they have signed a non-binding deal for new relationship terms that would allow OpenAI to proceed to restructure itself into a for-profit company, marking a new phase of the most high-profile partnerships to fund the ChatGPT frenzy. Details on the new commercial arrangements were not disclosed, but the companies…
