Mergers & acquisitions
Billionaire Lowy family buys into fund manager Magellan
The Lowy family has taken a significant stake in the funds management business Magellan, days after the financial group announced a major merger.
- Clancy Yeates
Latest
- Opinion
- Opinion
Remember the fallen financial rock star Hamish Douglass? He has a final act
Douglass made one big perspicacious investment during his time on top: to seed startup investment bank, Barrenjoey.
- Elizabeth Knight
Trump’s billionaire mate and his son set to win race for Warner Bros after Netflix backs away
The streaming service has dropped out of the race for the historic Hollywood studio and other assets, including CNN, clearing the way for Paramount to take control.
- Christopher Palmeri
Barbeques Galore: How an Aussie icon got cooked
Going broke selling barbecues in Australia? It’s easier than you think.
- Colin Kruger
- Updated
- Companies
‘Passed his first test’: Rio Tinto walks away from $300 billion mega-merger
Australia’s largest iron ore miner has abandoned takeover talks with Glencore, sinking a deal that would have created the biggest miner in the world.
- Nick Toscano
- Opinion
- SpaceX
Why Elon Musk just created a $1.8 trillion space monster
Elon Musk has always had a remarkable capacity to convince investors to help pay for his fantastical dreams.
- Stephen Bartholomeusz
Trump sold ‘spy sheikh’ a $US500 million stake in family empire
The secret deal with one of the most powerful individual investors in the world will raise fresh questions about the Trump family’s business dealings through World Liberty Financial.
- James Titcomb
Higher bid for Bluescope likely after board rejects Stokes’ $13bn offer
Billionaire Kerry Stokes’ business conglomerate and its bidding partner Steel Dynamics are likely to make another bid for Bluescope, analysts predict.
- Miriam Steffens and Kishor Napier-Raman
BlueScope weighs $13b carve-up bid from Stokes and US firm
Billionaire Kerry Stokes’ business conglomerate SGH Limited has linked up with US steelmaker Steel Dynamics to take over and then split up Australia’s biggest steelmaker.
- Miriam Steffens and Kishor Napier-Raman
A father, a son, and their $160 billion push for media moguldom
Larry Ellison is trying to help buy his son David an empire so they can rule Hollywood and the news together.
- Theodore Schleifer