Daimler Truck - Toyota
Daimler Truck and Toyota Motor finalized a long-anticipated deal to merge their Japanese truck subsidiaries, Mitsubishi Fuso and Hino Motors, under a new Tokyo-based holding company. Set to begin operations in April 2026, the holding will be co-owned equally by Daimler and Toyota, each with a 25% stake, while the rest will be publicly traded. The merger is designed to boost development in hydrogen mobility and CASE (Connected, Autonomous, Shared, and Electric) technologies and counter escalating competition from Chinese truck makers.
Tencent Music - Ximalaya
Tencent Music Entertainment Group announced its agreement to acquire Ximalaya Inc., a major audio content platform in China, for a combination of $1.26 billion in cash and Tencent Music shares. The deal, which includes tranches for Ximalaya’s founders, is subject to regulatory approvals and marks a bold move to consolidate audio streaming services in China. This merger positions Tencent Music as a formidable player in long-form audio content, rivaling the likes of Spotify’s podcast strategy.
Guardian Pharmacy Services - Guardian Pharmacy of South Carolina
Guardian Pharmacy Services, Inc. is consolidating its operations in South Carolina by merging two pharmacies and rebranding them under the unified name Guardian Pharmacy of South Carolina. The move coincides with the opening of a new state-of-the-art headquarters in Charleston, signaling a commitment to regional integration and operational efficiency. This localized merger reflects a broader trend of pharmacy service providers optimizing regional footprints for scale and service quality.
Schlumberger - ChampionX
The UK's Competition and Markets Authority (CMA) extended its review of the undertakings related to the merger between Schlumberger and ChampionX until August 8. While not a finalized merger, the extension highlights the regulatory scrutiny facing large oilfield service consolidations amid antitrust concerns. The deal aims to combine complementary portfolios in oilfield chemicals and production technologies, pending regulatory clearance.
Disney - Hulu
Walt Disney Company has completed its acquisition of NBCUniversal's 33% stake in Hulu for an additional $438.7 million, gaining full ownership of the streaming service. The transaction, rooted in a 2019 agreement, follows a final valuation process that established Hulu’s worth around $27.5 billion. Full control allows Disney to deepen Hulu’s integration with Disney+ and ESPN’s upcoming direct-to-consumer platform, bolstering its competitive position in the streaming wars.
Banco BPM - UniCredit
A proposed merger between Banco BPM and UniCredit is drawing concern from Italy’s First Cisl union over overlapping branches and potential job losses. The European antitrust authority may require UniCredit to divest up to 200 branches to prevent market dominance. The deal remains in limbo, pending a ruling on UniCredit's appeal against a government 'golden power' restriction.
Empiric - Unite Group
UK student housing firm Empiric is evaluating a £719 million takeover proposal from Unite Group, offering 30p cash and a 0.09 share swap. The deal has stirred controversy after Empiric retracted informal statements about synergy estimates and regulatory outlooks. With due diligence ongoing and a July 3 deadline looming, the transaction is still in flux.
Chart Industries - Flowserve
Chart Industries and Flowserve announced a $19 billion all-stock merger to create an industrial process powerhouse. The deal emphasizes aftermarket services and advanced cooling systems, especially for AI and data center infrastructure. Flowserve CEO Scott Rowe will lead the new entity, while Chart’s Jill Evanko will chair the board.
Generali - Natixis
Generali’s proposed merger with Natixis in asset management is still under review by Italian authorities amid political concerns. Shareholder tensions are high, and support from Italy’s government may be a deciding factor. If approved, the deal would pivot Generali firmly toward asset management, leaving wealth services behind.
