Aug 15, 2016

Sony buys British dance music label

Sony Corp. said it has acquired Britain’s dance music label Ministry of Sound Recordings Ltd. in a bid to enhance content for younger consumers in its music entertainment business. Ministry of Sound Recordings originated from a nightclub in South London and was founded in ...

Asahi sees yen windfall on AB InBev beer deal

Aug 4, 2016

Asahi sees yen windfall on AB InBev beer deal

Asahi Group Holdings Ltd. could save about ¥30 billion ($297 million) on its purchase of European beer brands from Anheuser-Busch InBev NV because the yen has strengthened since the firms cut the deal. The brewer expects its purchase of Peroni, Grolsch and Meantime beers ...

Jul 22, 2016

Komatsu to buy U.S. mining equipment maker Joy Global

Komatsu Ltd. said that it has agreed to acquire U.S. mining machinery maker Joy Global Inc. for $2.9 billion. Joy Global, based in Milwaukee, Wisconsin, has production bases in the United States, China, Australia and elsewhere. Annual sales totaled $3.2 billion in the year ...

Jun 16, 2016

Nippon Paper to buy Weyerhaeuser drinks carton business

Nippon Paper Industries Co. said Thursday it has agreed to purchase the world’s third largest liquids packaging board business from U.S. timber company Weyerhaeuser Co. for $285 million. The U.S. business, which produces and sells paper containers for soft drinks and milk, will be ...

May 27, 2016

Canadian drugmaker Valeant reportedly rejects takeover bid from Takeda

Valeant Pharmaceuticals International Inc. received a takeover approach this spring from Takeda Pharmaceutical Co. and investment firm TPG, which it rejected, according to the Wall Street Journal. The specialty drugmaker has been struggling to revive itself after its business model and drug pricing practices ...

Marriott-Starwood merger to spark turf war in Japan

May 24, 2016

Marriott-Starwood merger to spark turf war in Japan

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For major Japanese hoteliers, the impending merger between Marriott International Inc. and Starwood Hotels & Resorts Worldwide Inc. signifies the opening of a cutthroat turf war with what will be the world’s largest hotel operator in their home territory. Marriott is poised to expand ...