Embattled Star Entertainment’s deal to sell a 50 per cent stake in its $1.6 billion Brisbane casino to Hong Kong investors is on the brink of collapse.
Cheyanne Enciso
Debt-laden Gumtree Australia Markets has struck a deal to sell its home-grown share market gossip site HotCopper and Canadian counterpart Stockhouse.
Neale Prior
Fresh drama has engulfed the embattled Star casino group as talks over a $1.6bn Brisbane sale collapse.
Duncan Evans
Mineral Resources has offloaded its idle Yilgarn iron ore hub for an ‘immaterial’ amount after closing the mines that once employed 1000 people at the end of last year.
Simone Grogan
Laurence Escalante’s nearly $1 billion bid to buy out minor shareholders of his online casino group has passed a key hurdle as profits thrust higher.
Sean Smith
Shell has denied a Wall Street Journal report that it is in active talks about acquiring its London-based oil rival BP.
Bloomberg
Accounting software firm Xero will buy New York-based Melio Payments for $US2.5 billion ($3.9b) in a bid to push deeper into the US market.
Greatland Resources’ arrival on the ASX on Tuesday made it one of the largest listed companies in WA after years of groundwork and deal making, but chairman Mark Barnaba believes the real work starts now.
The reduced $619.2m profit was shared by the firm’s 628 owner-partners, who pocketed an average $767,000 but are liable for the tax due on the income.
The Australian Competition and Consumer Commission on Wednesday invited submissions from interested parties on how the sale to IAG would impact competition in WA’s general insurance market.
UBS says the offer is “a potential solution” to the east coast’s long term gas supply challenges, but others are urging caution.
How does the RAC deploy the substantial proceeds to ensure it can do more to meet its charter commitment ‘to drive positive change that creates a better WA’?
Federal Treasurer Jim Chalmers has assured he will be “methodical” in deciding whether a South Korean company should be allowed to own the lion’s share of Australia’s biggest defence shipbuilder.
A Middle Eastern oil company’s $29 billion bid to buy Australia’s Santos will be a “huge opportunity” for the Federal Labor Government to extract domestic gas concessions, a top analyst has declared.
Matt Mckenzie & Daniel Newell
Hanwha says a key US Congressional committee has no issue with a takeover, but Austal has countered that the approval is ‘different to that claimed by Hanwha’.
Ryan Reynolds is teaming up with his good mate, as well as an iconic Australian company, to see if his success with Wrexham FC will continue with his latest investment.
Staff Writers
Laurence Escalante’s bid to take full control of the Virtual Gaming Worlds online casino empire also involves shifting the company behind the bid to a haven with no corporate tax.
Daniel Newell
Investment house Washington H. Soul Pattinson has secured a $14 billion deal to snap up diversified industrial group. Brickworks.
Perth entrepreneur Laurence Escalante has won support for a sweetened offer to substantially increase his 70 per cent stake in online casino giant Virtual Gaming Worlds.
The ACCC has pulled the handbrake on agricultural juggernaut Elders buying out its rival Delta for $475 million out of concern the deal could raise prices and make access tougher for farmers in rural WA.
WiseTech Global will borrow $3b to fund its expansion in the US as the logistics software firm aims to put a series of sex scandals surrounding founder Richard White behind it and focus on growth.
A China-backed gold miner worth $60 million has taken advantage of the soaring price of bullion by offloading a non-core project for $250m.
Ben Harvey
The mid-tier gold producer is reputedly at the negotiating table with two companies in its backyard just nine months after making a $1.2 billion purchase.
Adrian Rauso
Australia’s competition umpire won’t stand in the way of IAG’s move to buy RAC Queensland in a decision that could clear the way for the behemoth to take control of WA’s biggest general insurer.