Business
Mergers and acquisitions
Mergers and acquisitions
About this update from Socar, Inc.
The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Friday:** OnlyFans has agreed to sell a minority stake to investment firm Architect Capital in a deal valuing the adult-content platform at $3.15 billion, the Wall Street Journal reported.** Azerbaijan's oil company SOCAR said it had completed the acquisition of refiner Italiana Petroli (IP) from API Holding following the receipt of all required regulatory approvals.** Rio Tinto LSE:RIO, ASX:RIO is evaluating the economic potential of McEwen Copper's giant Los Azules project in Argentina as the mining group considers increasing its 17.2% stake in the development, two industry sources said.** Some Unilever LSE:ULVR investors are pressing for the giant food entity created by a $65 billion deal with U.S. peer McCormick NYSE:MKC to adopt the standards on forestry and sustainability more broadly that the UK consumer products company has promoted.** Britain's Intertek LSE:ITRK rejected a third sweetened 8.93 billion pound ($12.12 billion) takeover proposal from Swedish private equity firm EQT AB OMXSTO:EQT,saying it was focusing on a review which could see the company split in two.** Mattel NASDAQ:MAT investor Southeastern Asset Management has called on CEO Ynon Kreiz to explore strategic options for the toy maker to be taken private or bought out by rival Hasbro NASDAQ:HAS amid weak demand.** Commerzbank XETR:CBK plans to cut 3,000 jobs to help it reach more ambitious profit targets as part of a strategy to fend off a takeover by Italy's UniCredit MIL:UCG, the German bank said on Friday.** Taiwan Semiconductor Manufacturing Co TWSE:2330 and Sony Semiconductor Solutions TSE:6758 plan to form a new joint venture in Japan to develop and manufacture next-generation image sensors.