United Kingdom


China's LeEco to buy U.S. TV maker Vizio for $2 billion


China's Le Holdings Co Ltd , also known as LeEco, said on Tuesday it would buy U.S. consumer electronics company Vizio Inc for $2 billion.


Exclusive: Alibaba, eBay, CVC bid for Polish auction site Allegro - sources 3:31pm BST

WARSAW Chinese e-commerce group Alibaba , U.S. online retailer eBay Inc , and private equity firm CVC Capital Partners are among the bidders for Eastern Europe's No.1 auction website Allegro from South Africa's Naspers , sources said.


Mondelez CEO confirms made offer to purchase Hershey 3:27pm BST

LOS ANGELES Mondelez International Inc Chief Executive Irene Rosenfeld on Wednesday confirmed that the company made an offer to purchase Hershey Co .

Analog Devices to buy chipmaker peer Linear for $14.8 billion 3:58am BST

SAN FRANCISCO Analog Devices Inc said on Tuesday it would buy fellow chipmaker Linear Technology Corp for about $14.8 billion, the latest deal in a wave of consolidation that has swept the semiconductor industry in the past two years.


AccorHotels buys concierge group to counter Airbnb challenge 12:50pm BST

PARIS AccorHotels said on Wednesday it had entered exclusive talks to buy concierge service provider John Paul, as it pushes further into new hospitality services and beefs up its response to the challenges of Airbnb.


Brewer AB InBev seeks to nail SABMiller bid with sweetened offer 26 Jul 2016

BRUSSELS/LONDON Anheuser-Busch InBev raised its $100 billion-plus bid for rival brewer SABMiller on Tuesday in an attempt to quash investor dissent over an offer made less attractive by a post Brexit vote fall in the pound. | Video


Excalibur says still keen to buy Tata's UK steel business 2:04pm BST

LONDON Management buyout group Excalibur, one of the bidders for Tata's <TISC.NS > British steelmaking business, intends to pursue plans to buy the assets, it said on Wednesday, despite Tata pausing the sale process to explore joint ventures.

Diagnostics company LabCorp to buy smaller rival Sequenom 12:29pm BST

Laboratory Corporation of America Holdings said it would buy Sequenom Inc , a maker of non-invasive prenatal tests for reproductive health, for about $371 million, including debt.


Santander Brasil plans bid for Citigroup's Brazil unit 2:54pm BST

SAO PAULO Banco Santander Brasil SA will probably bid for Citigroup Inc's local subsidiary, as the country's largest foreign-owned lender seeks to expand into banking for wealthy clients, Chief Executive Officer Sérgio Rial said on Wednesday.


ARM, soon to be bought by Softbank, posts second-quarter profit rise 7:20am BST

LONDON British chip designer ARM Holdings, which earlier this month agreed to be bought by Softbank Group Corp for $32 billion, reported a 5 percent rise in second quarter profit on Wednesday.