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Testimony that Instagram was ‘better’ seems to bolster allegations Meta used ‘buy or bury’ tactic to snap up rivalsMeta’s chief executive Mark Zuckerberg considered spinning off Instagram in 2018 in anticipation of a potential antitrust suit, documents…
Ageas acquisition will unite two ‘complementary’ firms to create UK’s third-biggest home and motor insurerBusiness live – latest updatesThe Sheilas’ Wheels owner, Esure, will be sold to the Belgian insurer Ageas in a £1.3bn deal that will create the UK…
Prada has secured Versace at a €180m discount amid market turmoil and after months of speculationPrada has agreed to buy the Versace fashion brand for €1.25bn ($1.38bn) from the fashion conglomerate Capri Holdings.It comes after months of speculation a…
Company wants regulator to remove rule preventing it from offering tracking on standard servicesBusiness live – latest updatesRoyal Mail has asked Ofcom to allow it to offer tracking for all parcels sent first or second class around the UK, as the comp…
Daniel Křetínský clears final regulatory hurdles for £3.6bn takeover of Royal Mail parent companyBusiness live – latest updatesThe £3.6bn takeover of Royal Mail’s parent company will be completed this month, nearly a year after it was first agreed, as …
Icelandic brothers’ ready meal firm Bakkavor to be taken over by sandwich maker GreencoreBusiness live – latest updatesTwo Icelandic brothers, described as “business Vikings”, are in line to make millions after their ready meals company, Bakkavor, agre…
Childhood friends sell upmarket brand to Unilever, the maker of Marmite, Dove soap and Lynx deodorantBusiness live – latest updatesA pair of UK entrepreneurs selling refillable deodorant cases and manuka honey lip balms made from natural ingredients ha…
Under terms of deal with Hobbycraft owner, 233-year-old brand will become TGJonesBusiness live – latest updatesWH Smith is to sell its 480 retail stores to the Hobbycraft owner, Modella Capital, in a deal worth £76m, and has confirmed that the 233-year…
Google’s agreement to buy cloud security startup Wiz will face antitrust scrutiny amid Alphabet’s ongoing legal battles.
Alphabet’s acquisition of Israeli startup for $32bn follows rejection of takeover bid last summerBusiness live – latest updatesGoogle’s owner, Alphabet, has agreed to buy the cybersecurity group Wiz for $32bn (£24.7bn), the biggest acquisition it has e…