Madison Air Solutions to Acquire German Fan Maker ebm-papst for $5.4 Billion

By admin August 18, 2026 No comment

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U.S.-based Madison Air Solutions has agreed to acquire German fan and ventilation equipment maker ebm-papst in a $5.4 billion deal. The transaction will see ebm-papst’s three shareholder families transfer their stakes to Madison Air, part of billionaire Larry Gies’ Madison Industries. The acquisition is aimed at expanding Madison Air’s presence in Europe and strengthening

Uber Halts Most Europe Food Delivery Expansion Amid Delivery Hero Pursuit

By admin July 6, 2026 No comment

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Uber has paused most of its planned food delivery expansion across Europe, just months after announcing its entry into seven new markets, according to a report by the Financial Times. The company has reportedly shelved launches in five of the seven targeted countries, including Austria, Norway, and Greece, while continuing operations in Finland and Denmark. […]

Paramount’s Warner Bros Bid Faces Investor Pushback

By admin December 24, 2025 No comment

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Paramount Skydance’s latest $108.4 billion offer to acquire Warner Bros Discovery has been deemed insufficient by major shareholder Harris Oakmark. Owning roughly 4% of Warner Bros shares, the investor emphasized that while Paramount’s amended bid addressed some concerns, it still falls short of providing adequate incentive, leaving the two competing offers — Paramount’s

Prada Acquires Versace in Major Luxury Fashion Shake-Up

By admin December 3, 2025 No comment

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Prada has officially acquired Versace in a landmark deal worth $1.38bn (£1.04bn), bringing two iconic Italian luxury labels under one umbrella. The purchase price is significantly lower than the nearly $2bn paid by Versace’s former owner, Capri Holdings, in 2018. With this acquisition, Prada strengthens its portfolio—already home to brands like Miu Miu—as competition