A management buyout (MBO) occurs when a company’s existing management team acquires the business from its current owners, often where a founder is looking to retire or a corporate parent is divesting a non-core division. For private mid-market businesses in Australia, management buyouts can offer a compelling alternative to a trade sale. An MBO can preserve continuity for staff, clients …
This week, in a federal courthouse in Oakland, California, OpenAI CEO Sam Altman took the stand in Musk v Altman — a jury trial over OpenAI’s restructure of its nonprofit-controlled for-profit arm. Elon Musk, an early funder, accuses Altman, OpenAI President Greg Brockman and Microsoft of breaching charitable trust by allowing nonprofit value to be diverted into a for-profit structure …
Australia’s new mandatory merger control regime is now firmly part of the Australian M&A landscape. Commencing on 1 January 2026, the regime replaced Australia’s historically voluntary merger clearance model with a mandatory and suspensory system for acquisitions that meet relevant notification thresholds. In practical terms, parties to notifiable acquisitions must now notify the Australian Competition and Consumer Commission (ACCC) and …
