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Takeovers

'Love us or loathe us': Kyle Sandilands and Jackie O ink 'historic' 10-year radio deal worth $200 million

A deal signed by the hosts of The Kyle and Jackie O Show will also see Sydney's top-rating radio breakfast program broadcast in Melbourne from 2024, and follows their employer launching a takeover bid of their former network.
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A man with a grey beard and black cap and a blonde woman resting her hand on his shoulder smile in a radio studio.

Rio Tinto-backed Lake MacLeod salt mine enters sale talks

The evaporative salt and gypsum mining operation, run by one of Carnarvon's largest employers, could be changing hands for just the second time in more than 50 years.
A triple road train on a salt flat with a loader depositing salt into the first trailer

US giant makes $6.6b takeover offer for WA lithium miner

Corporate activity in Western Australia's booming lithium space continues with Albemarle set to increase its takeover offer for Perth-based miner Liontown Resources.
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An aerial view of remote workers' accommodation at an outback mine with red dirt for landscape.

US judge clears the way for tech giant to buy Activision

Microsoft has cleared a major hurdle to its plan to buy video game maker Activision Blizzard.
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ABC News Current
Duration: 5 minutes 38 seconds

Global grain giants Bunge and Viterra agree to $34 billion merger

Two agribusiness conglomerates, Bunge and Viterra, have agreed to merge — a decision that's likely to prompt close scrutiny from Australia's competition watchdog.
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A large white grain silo.

'Like a snake trying to swallow a bowling ball': The proposed takeover of servo giant OTR

A proposed billion-dollar deal has been announced that will potentially see hundreds of service stations across the country fall under one banner. So what is the deal, and what does it mean?
service station with blue sky in the background

Australian macadamia farm sells to Canadian investment company in $100m deal

One of Australia's largest macadamia producers has sold its extensive network of orchards, along with a state-of-the-art cracking, processing and packing facility to an overseas buyer, while retaining the tourism and cafe arm of its family-run business.
Macadamias pulled fresh from the tree are sitting on a bench top, some cracked, some still in the shell.

Former US president Donald Trump's Twitter account reinstated

Pressure continues to build on the social media platform after its new owner, Elon Musk temporarily closed offices.
ABC News Current
Duration: 2 minutes 12 seconds

'We're terrified': Locals worried salmon farm takeover will degrade water quality

The last remaining Australian-owned major salmon producer is set to be bought by seafood giant Cooke Aquaculture — and some say the Canadian company's environmental record is a worrying sign for what's to come.
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Salmon pens in a bay seen from a car.

Musk completes Twitter takeover

Elon Musk has formally completed his US$44 billion acquisition of Twitter, immediately firing multiple top executives including CEO Parag Agrawal, the CFO and the chief counsel. Kamin Gock reports.
ABC News Current
Duration: 2 minutes 5 seconds

Whistleblower says China, India had agents working for Twitter

Twitter's former security chief tells Congress there was "at least one agent" from China's intelligence service on Twitter's payroll, and Indian agents were knowingly hired.
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The Twitter app icon is seen on an iPhone with a green background.

Final Tasmanian salmon giant set to go to foreign hands amid concern over future transparency

These unassuming Canadians have just offered $1.1 billion to take over Tasmania's last locally owned salmon producer, turning the company private — in a move that has some worried for the environment and accountability.
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Salmon jumps above the water inside a fish farm enclosure.

Musk says $63.7 billion Twitter deal could move ahead with bot info

Elon Musk says his planned $US44 billion takeover of Twitter should move forward if the company can confirm some details about how it measures whether user accounts are real people.
Elon Musk looks down at his smartphone.

ANZ announces $5 billion Suncorp Bank takeover

Suncorp accepts a $4.9 billion bid from ANZ to take over its banking business, as the big four bank seeks to accelerate its growth.
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suncorp bank

Twitter sues Elon Musk to hold him 'accountable' to acquisition agreement

Elon Musk wants out of Twitter but the social media giant is suing him to force him to complete their $64 billion deal. 
A man with dark hair stands in front of four spotlights

Sydney-based Iris Capital buys up big in Alice Springs

A Sydney-based developer has bought up big in the Red Centre in a spending spree that's seen a large share of Alice Springs hotels, motels and taverns acquired in one fell swoop. Lee Robinson reports.
ABC News Current
Duration: 1 minute 41 seconds

Who is helping Elon Musk pay for his multi-billion-dollar takeover of Twitter?

The Tesla CEO announces he's putting more of his own money into purchasing the social media giant — but he's not alone in footing the mammoth bill. Here's who else is helping fund his takeover.
Elon Musk looks down at his smartphone.

Elon Musk says Twitter deal 'cannot move forward' without proof of fake accounts

After putting his takeover deal on hold, the Tesla CEO says the social media giant is underestimating the number of fake accounts on the platform so he "can't pay the same price".
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Elon Musk looks down at his smartphone.

Elon Musk's Twitter deal 'temporarily on hold'

Elon Musk tweeted to say that his buyout of Twitter had been placed on hold subject to details about the percentage of fake accounts that exist on the site. 
A close-up of Elon Musk smiling at an event.

The RBA raises rates for the first time in 11 years, Australian dollar jumps

The ASX loses ground as the Reserve Bank raises interest rates to curb surging inflation, while US stocks end higher after a volatile trading session, and billionaire Mike Cannon-Brookes becomes the biggest investor in AGL to block its plan to split its business.
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A sign saying "Reserve Bank of Australia" on the exterior wall of the RBA's Sydney headquarters

Angry Twitter employees question company executives over Elon Musk's erratic behaviour

Twitter chief executive Parag Agrawal seeks to quell employee anger during a company-wide meeting where workers demand answers to how managers plan to handle an anticipated mass exodus prompted by Elon Musk's purchase of the company.
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Elon Musk's twitter account is seen on a smartphone in front of the Twitter logo in this photo illustration

Elon Musk to buy Twitter for $61.4 billion

US billionaire Elon Musk strikes a deal to buy the social media platform, ending its run as a public company. 
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Elon Musk smiles while holding a phone to his chest, he is wearing a suit

Elon Musk says he has secured $63.6 billion in financing to buy Twitter

The Tesla CEO says the money will come from Morgan Stanley and other banks, some of it secured by his huge stake in the electric car maker.
A close-up of Elon Musk smiling at an event.

Twitter adopts 'poison pill' defence against Elon Musk's takeover bid

Twitter adopts a "defensive measure" limiting Elon Musk's ability to raise his stake in the social media platform, as a buyout firm emerges to challenge his $58 billion bid for the company. 
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Elon Musk's twitter account is seen on a smartphone in front of the Twitter logo in this photo illustration

Elon Musk gets Twitter board seat, ASX in the red

Billionaire Elon Musk will join the board of Twitter after buying a 9.2 per cent stake in the company. Australian and US stocks have been sold off after a US Federal Reserve official flagged a faster-than-expected withdrawal of pandemic stimulus.
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Elon Musk walks past a car while looking off to the side.