In keeping with our mission to provide comprehensive advertising analysis, MediaRadar puts together a report of the most important mergers and acquisitions news each week. Stay in the loop, whether you sell advertising space or focus on business development.
This week, Goodyear became stronger with Cooper Tire. Facebook’s gaming cloud platform will offer new experiences with Unit 2 Games. And PPG expanded its paint and lacquer resources by acquiring Tikkurila.
Goodyear acquired Cooper Tire & Rubber Company
Goodyear completed its $2.5 billion acquisition of Cooper Tire & Rubber Company on Monday.
Cooper is the 5th-largest tire manufacturer in North America, with approximately 10 thousand employees across 15 countries, and a portfolio that includes Cooper, Mastercraft, Roadmaster, and Mickey Thompson brands.
According to the press release, the combined company will offer more options across the value spectrum, with Goodyear’s premium replacement tires, along with the mid-tier value of Cooper’s brand.
Facebook is adding to its gaming cloud platform with Unit 2 Games
According to the press release, Facebook is planning to integrate Crayta’s creation toolset into Facebook Gaming’s cloud platform to “instantly deliver new experiences” on its website.
The financial terms of the deal have not been made public, but Facebook claims there will be no lay-offs from the Unit 2 Games team in the wake of the acquisition.
PPG Industries received approval to acquire Tikkurila
PPG Industries has announced that it has the regulatory approval to complete its €1.52 billion ($1.84 billion) acquisition of Tikkurila, the Finnish manufacturer of paints and lacquers.
Tikkurila generated around €582 million in sales last year($708.6 million). Tikkurila, which was established in 1862, operates in 11 countries and employs a staff of approximately 2,700.
The deal includes Tikkurila’s premium brands, ALCRO and Beckers. According to PPG, the combination of the two companies will give customers access to a broader portfolio of technologies and resources.
In Other News
What else is going on? Here’s what:
- Discovery has sold the Great American Country network to GAC Media, an investors group led by Hicks Equity Partners, catering to country music fans.
- Healthcare data company Datavant and healthcare information management company Ciox Health announced that they have reached an agreement to merge the two companies in a $7 billion transaction.
- Medical supply manufacturer and distributor Medline Industries, Inc. announced that it has agreed to receive a majority investment worth around $30 billion from a consortium of funds managed by Blackstone, Carlyle, and Hellman & Friedman.
- Billionaire investor Bill Ackman’s special purpose acquisition company Pershing Square Tontine Holdings confirmed that it is in talks to acquire 10% of Universal Music Group for around $4 billion, valuing the world’s largest music business at around $40 billion.