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South Korea's Samsung Biologics announced an all-cash bid of 1.46 billion Swiss francs ($1.8 billion) for Switzerland's PolyPeptide Group. The deal is seen as a move to expand Samsung's pharmaceutical manufacturing supply chain.
Chinese AI firm DeepSeek is raising fresh capital at a $74 billion valuation ahead of a planned onshore initial public offering, sources say. The round would cement DeepSeek's position among the most valuable AI companies as competition with US rivals intensifies.
Canadian Ambassador to Argentina Stewart Wheeler confirmed that both countries are interested in revamping an agreement originally signed in 1992 to boost mining investment. The talks are part of Argentina's broader push to attract foreign capital into its mining sector.
Uber has launched a $19 billion takeover offer for Delivery Hero, a deal that would create the world's largest food-delivery company outside China. The combined company would operate across dozens of countries in Europe, Asia, Latin America and the Middle East. The offer still requires approval from Delivery Hero's board and regulators.
Colombian regulators approved the merger of telecom operators Tigo and Movistar, creating a combined carrier that will control roughly 48% of the country's mobile market. The deal creates a stronger rival to market leader Claro. Regulators also imposed a four-year freeze on existing customer plans and required wholesale network access for smaller virtual operators.
Australia's share market is set to open higher even as SpaceX shares wipe out more than $1 trillion in market value. The local market's move appears largely decoupled from the volatility hitting global technology stocks.