Investors representing 85.1% of the Virginia-headquartered banking giant’s outstanding shares voted in favor of the deal to combine with the Illinois-based financial institution, marking an important milestone in the process.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
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Capital One, Discover Financial shareholders approve $35B merger
Investors representing 85.1% of the Virginia-headquartered banking giant’s outstanding shares voted in favor of the deal to combine with the Illinois-based financial institution, marking an important milestone in the process. Read here
‘Pokémon Go’ maker in $3.5B sale of games unit
California-based augmented reality developer Niantic is in talks to sell its videogame business to Saudi Arabia-owned Scopely in a deal that would involve the phenomenal Pokémon title and other mobile games. Read here
PHOTO: MIMZY
Vanguard ETF overtakes State Street as top fund
Standard & Poor's 500 ETF is on the edge of finally seizing the title of the world's largest exchange-traded fund from rival SPDR S&P 500 Trust, according to data from FactSet, LSEG and other sources. Read here
PHOTO: VANGUARD
NEWS WORTH NOTING
CoStar Group buys agri data firm Ag-Analytics
The Washington, DC-based provider of online real estate marketplaces and analytics in the property market has acquired the New York-based agricultural data company, enhancing its Land.com platform.Read here
The British financial giant has kicked off the sale of its portfolio of French home loans, as the lender pushes ahead with its worldwide restructuring plan. Read here
Mitsui joins Rio in Australia iron ore mine for $5.3B
The Japanese trading house will take a 40% holding in the Rhodes Ridge site in Western Australia from two minority shareholders in a bid to support the global steel industry. Read here
Insignia sets deadline as PE rivals vie for $2B buyout
The Australian company has defined a due date for binding takeover bids as three global private equity firms compete for control of the pension management firm. Read here
Bain nears $4.2B deal
for PAI-backed Apleona
The private investment firm is in advanced talks to acquire the German facility management company in a deal valued at about $4.2 billion, according to reports. Read here
