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Mergers and Acquisitions

TikTok's parent company is required to sell the platform to remain in the US under a local law. (Morgan Hancock/AAP PHOTOS)

BusinessAmazon, OnlyFans founder make bids for TikTok

Amazon has reportedly put in a late bid to purchase short video app TikTok from Chinese owner ByteDance while Zoop says it is also in the running.

Staff Writers

The Paris Grove construction workers camp at Australind.

Commercial PropertyPremiumREVEALED: Plans for unused South West workers’ camp

The 18-hectare Paris Grove village in Australind was put on the market last year after Albemarle iced the expansion of its nearby Kemerton lithium plant amid weak prices for the battery metal.

Sean Smith

Kelsian’s SeaLink ferry business runs to Rottnest Island.

Mergers and AcquisitionsCommentsPremiumSeaLink’s Rottnest Island ferry service hits market

Parent company Kelsian says the business will be offered for sale as part of a portfolio of ferry, tour and resort businesses in Queensland, South Australia, NSW, Tasmania and the Northern Territory.

Sean Smith

Riverton at Jimboomba QLD.

PropertyCommentsAVJennings to be gobbled up by US private equity giant

Shares in property developer AVJennings have jumped after it agreed to be gobbled up by global private equity player Proprium Capital Partners and its local subsidiary.

Cheyanne Enciso

Washington says TikTok's ownership by ByteDance makes it beholden to the Chinese government. (AP PHOTO)

TechnologyPremiumTrump says TikTok sale deal to come before deadline

Donald Trump has set a deadline this weekend for TikTok to find a non-Chinese buyer or face a US ban on national security grounds.

Andrea Shalal and David Shepardson

ACCC commissioner Anna Brakey said the partnership would boost international capacity with little to no public impact and help to bring down airfares. 

AviationCommentsACCC clears runway for Virgin and Qatar take-off

Virgin Australia and Qatar Airways have been cleared for take-off with a partnership that will double the number of weekly flights between four key national gateways and Doha in the Middle East.

Daniel Newell

Nine said the improved offer could deliver it after-tax cash proceeds of about $1.4b.

MediaCommentsCoStar ups bid for Nine-controlled Domain to $2.8b

The US property market data giant circling Australia’s Domain has sweetened its offer for the real estate listings platform to almost $2.8 billion.

Daniel Newell

The company’s board has already backed the binding scheme implementation agreement and largest shareholder Kin Group, which controls almost 21 per cent of the register, has also agreed to sell into the offer.

RetailCommentsThe Reject Shop is heading into foreign hands

The Reject Shop may be best known for its bargain-basement prices on everyday items but it has managed to attract a top-shelf takeover bid from a foreign suitor.

Daniel Newell

Gold Road boss said his biggest gripe with the mining giant’s offer is their ‘low ball’ price.

MiningCommentsPremiumFired-up Gold Road boss cheesed off by Gruyere partner’s bid

In a fiery response, the chief of Gold Road has accused Gold Fields of lying, withholding information about the mine the pair share and labelled the South African giant ‘at best a bumbling JV partner’.

Adrian Rauso and Simone Grogan

Gold Road Resources managing director Duncan Gibbs and Gold Fields vice president Australasia Stuart Mathews at the Gruyere mine.

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Gold Road rejects $3.3b takeover bid by Gruyere JV partner

A South African gold goliath is prepared to pay $3.3 billion to snap up its Goldfields joint venture partner, but the hunted wants to be the hunter.

Adrian Rauso

Austal chief executive Paddy Gregg and Austal USA president Michelle Kruger in front of the Austal-built littoral combat ship USS Pierre.

ManufacturingCommentsPremiumAustal keeps eyes on horizon amid a defence supercycle

Austal is sailing on a wave of defence spending in the US and is set to win a big share of navy contracts in Australia. But success has make it the target of a rival looking to muscle in on the action.

Sean Smith

James Hardie CEO Aaron Erter.

ConstructionDecked! Investors turn backs on James Hardie’s $14b US punt

Investors have given James Hardie the cold shoulder after the building products supplier revealed an ambitious $14b merger deal.

Daniel Newell

Domain is 60 per cent owned by Nine.

MediaCommentsNine in talks with US suitor over $2.7b Domain deal

Nine Entertainment has confirmed it is in talks with a US suitor to sell its $1.6 billion stake in online real estate website Domain.

Daniel Newell

It's now a three-way fight for CZR, Pictured are CZR Resources CEO Stefan Murphy, left, with, right from top, Fenix Resources chairman John Welborn, Rio CEO Jakob Stausholm and Gold Valley’s Yuzheng Xie.

MiningCommentsPremiumRio and Japanese allies join three-way CZR tug of ore

A joint venture led by Rio Tinto has thrown its hat in the ring to snare the crown jewel of CZR Resources from the clutches of two WA iron ore juniors.

Adrian Rauso

Viburnum Funds’ managing partner Melanie Hay.

Funds managementCommentsPremiumPerth’s Viburnum flips $377m industrials outfit to Cleanaway

Viburnum has sold a specialised industrials company to Cleanaway Waste Management as the rubbish handling major angles into the potentially lucrative business of retiring old oil and gas assets. 

Simone Grogan

Gold Valley owner Yuzheng Xie

The West Australian exclusive
The West Australian exclusive
MiningCommentsPremium
The West Australian exclusive
Iron ore outbidder wants a chance to fight former Wallaby

A bitter battle for a local iron ore developer is brewing after Gold Valley’s owner accused CZR Resources of ignoring a ‘far superior’ buyout offer.

Adrian Rauso

Hanwha’s surprise re-engagement with Austal comes less than six months after it failed to line up a deal to buy the Henderson-based shipbuilder.

ManufacturingCommentsPremiumAustal’s pursuer Hanwha refuses to rule out takeover tilt

Hanwha Defence’s chief executive won’t rule out a takeover tilt for WA naval shipbuilder Austal, as the South Korean company angles to meet with top shareholders Andrew and Nicola Forrest.

Simone Grogan

Austal chair Richard Spencer.

ManufacturingCommentsPremiumAustal scuttles raider Hanwha’s pitch for chair on deck

Austal has poured cold water on spurned suitor Hanwha’s bid for a board seat while questioning the South Korean group’s belief it can add value to the Australian naval shipbuilder.

Sean Smith

Austal's CEO Paddy Gregg. Daniel Wilkins

Mergers and AcquisitionsPremiumHanwha hunts for major Austal stake after failed takeover

South Korean conglomerate Hanwha is back knocking at the doors of Austal shareholders after failing in a takeover bid for the Henderson-based shipbuilder last year. 

Simone Grogan

Ramelius Resources managing director Mark Zeptner.

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Ramelius makes move on Spartan with $2b-plus bid

Ramelius Resources has made its long-expected move on fellow gold play Spartan Resources with a $2 billion-plus takeover bid.

Simone Grogan and Daniel Newell

Star Entertainment group is set to sell its share of the Queen's Wharf Brisbane precinct for $53 million.

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BusinessComments
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US casino giant offers $250m lifeline to rescue Star

US casino group Bally’s Corporation is offering embattled Star Entertainment a $250 million lifeline that could rescue the gaming group from financial ruin.

Daniel Newell

Saputo Dairy Australia has sold its King Island Dairy business.

RetailCommentsCentury-old Tassie cheesemaker saved by last-minute buyer

Century-old Tasmanian cheesemaker King Island Dairy was due to close mid this year after its current owner announced in September it had been unable to find a buyer.

Cheyanne Enciso

Overseas players are jostling for a slice of Australia’s wealth and superannuation market.

Funds managementPremiumRivals Bain, CC Capital raise Insignia bids to $3.4b

Bain Capital and CC Capital each increased their takeover offers for Insignia Financial as the bidding battle for the Australian financial services firm ramped up. 

Daniel Newell

Wilsons Advisory chief executive Brad Gale.

The West Australian exclusive
The West Australian exclusive
MarketsCommentsPremium
The West Australian exclusive
Former Euroz MD launches Wilsons Advisory into Perth

Rob Black, who stepped down from Euroz Hartleys in mid-2023, is leading Wilsons’ expansion into WA, opening a new office and looking for staff.

Sean Smith