British game developer Tripledot Studios said Thursday it has inked a deal to acquire Palo Alto, California-based AppLovin's portfolio of mobile games studios for $800 million, with Latham & Watkins LLP advising Tripledot and Wilson Sonsini Goodrich & Rosati PC guiding AppLovin.
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TOP NEWS

Latham, Wilson Sonsini Guide $800M Tripledot Gaming Deal

By Al Barbarino

British game developer Tripledot Studios said Thursday it has inked a deal to acquire Palo Alto, California-based AppLovin's portfolio of mobile games studios for $800 million, with Latham & Watkins LLP advising Tripledot and Wilson Sonsini Goodrich & Rosati PC guiding AppLovin.

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EU Moves To Revamp 20-Year-Old Merger Control Rules

By Najiyya Budaly

The European Commission called on Thursday for responses to plans to overhaul its 20-year-old merger control rules as it seeks to give weight to innovation, sustainability and security needs when it assesses deals taking place between competitors in the bloc.

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Latham-Led TA Associates Bids £570M For UK Tech Biz

By Dawood Fakhir

TA Associates said Thursday that it has agreed to acquire British tech businesses FD Technologies PLC for approximately £570 million ($756 million) in a cash offer to give the U.S. private equity company access to an "industry-leading database and analytics engine."

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EU Backs New Screening Rules For Foreign Investment

By Najiyya Budaly

The European Parliament on Thursday backed revamped rules designed to prevent hostile overseas players from acquiring control of critical infrastructure and technology.

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M&A

Court Clears CareTrust's £448M Takeover Of UK REIT

By Dawood Fakhir

Care homes owner Care REIT has said that its £448 million ($597 million) takeover by a U.S. housing company, CareTrust REIT, has been given the nod by the High Court, allowing it to cross the final hurdle in the completion of the deal.

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Finnish Software Firm Buys Polish IT Biz For Up To €16.6M

By Irene Madongo

Finnish software business Digia PLC said Thursday that it has inked an agreement to buy Polish IT and outsourcing firm Savangard for up to €16.6 million ($19 million), bolstering its business growth ambitions.

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CAPITAL MARKETS

McCann FitzGerald-Led AIB €1.2B Buyback Set In Motion

By Tom Fish

Dublin-based lender AIB Group PLC said Thursday it has agreed to repurchase €1.2 billion ($1.35 billion) worth of its shares from the Irish state as it moves to further reduce the government's stake from its crisis-era financial bailout.

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SHAREHOLDER ACTIVISM

Sackers Guides Trustee In Standard Life's £280M Pension Deal

By Irene Madongo

Standard Life and Cancer Research UK's retirement savings plan have concluded a £280 million ($372 million) bulk purchase annuity transaction, the pensions giant said Thursday, with the trustee guided by Sacker & Partners LLP.

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EXPERT ANALYSIS

FCA Update Eases Private Stock Market Disclosure Rules

The Financial Conduct Authority’s recently updated proposals for the Private Intermittent Securities and Capital Exchange System would result in less onerous disclosure obligations for businesses, reflecting ongoing efforts to balance an attractive trading venue for private companies while maintaining sufficient investor protections, say lawyers at Debevoise.

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LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Arthur Cox

Debevoise & Plimpton

Jones Day

Latham & Watkins

Travers Smith

Wilson Sonsini

COMPANIES IN TODAY'S NEWS

Allied Irish Banks PLC

AppLovin Corp.

CareTrust REIT Inc.

Getty Images Holdings Inc.

London Stock Exchange Group PLC

NASDAQ Inc.

Phoenix Group Holdings

Piper Sandler Cos.

TA Associates Management LP

GOVERNMENT AGENCIES IN TODAY'S NEWS

European Central Bank

European Commission

European Parliament

European Union

Financial Conduct Authority

National Health Service