Mergers and Acquisitions Roundup: MasterCard BUYS Truaxis, News Corp BIDS For Consolidated Media
MasterCard Incorporated (NYSE:MA) purchases Truaxis, which is a company that develops targeted offers to consumers, who receive them subsequent to their logging onto a bank’s website or mobile application. The buyer believes that the acquisition should enable it to provide more meaningful offers, and thus provide both merchants and financial institutions access to improved sales and customer service. The financials of the purchase were not disclosed.
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News Corporation (NASDAQ:NWS) provisionally acquires Consolidated Media for A$1.94 billion, or $2 billion, in a move thought to reinforce its Australian pay TV holdings. However, Kerry Stokes’ Seven Group might make a counter offer, since it owns a 25.3 percent investment in Consolidated. News Corp. and needs a 75 percent approval at a meeting in October to win through.
The Carlyle Group (NYSE:CG) acquires the North American power generation assets from Goldman Sachs Group Inc.’s (NYSE:GS) Cogentrix Energy, in a transaction of which the financials were not reported. The purchased assets include coal and solar projects in Virginia, Florida, Colorado, and California, along with a development pipeline of gas and renewable power projects.
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