Hg agreed to acquire OneStream in an all-cash deal valued at $6.4bn, offering $24 per share. The transaction is expected to close in the first half of 2026.

The deal is a clear signal that private equity is leaning into finance and performance-management software again, where recurring revenue and platform lock-in can support long investment cycles, including AI-led product roadmaps.

Countries have updated the global minimum corporate tax agreement while keeping the 15% minimum tax framework. The revisions include simplifications and exemptions that change how certain multinational groups are treated in practice.

For businesses, the operational work is in reporting, group structure analysis, and local adoption timelines. In other words: the headline number matters less than the implementation details across each jurisdiction where you operate.

The EU adopted a regulation establishing an EU-level framework for compulsory licensing in clearly defined cross-border crisis or emergency situations. The Commission can issue an EU-wide compulsory licence for the use of protected inventions linked to crisis-relevant products, once a crisis has been declared under the relevant EU instruments.

For IP-heavy sectors, this is a resilience and governance topic. It is worth mapping which technologies could be considered crisis-relevant, and preparing internal response playbooks around licensing, procurement and legal escalation.