Adam Neumann, the former chief executive and co-founder of WeWork, recently submitted an offer to buy the bankrupt co-working company for more than $500 million, according to people familiar with the matter. It wasn’t...
Russian government approves $1 billion sale of Sakhalin Energy stake
The Russian government has approved the sale of a 27.5% stake in Sakhalin Energy to an entity called Sakhalin Project for 94.8 billion roubles ($1.03 billion), a government order showed on Monday. Sakhalin Project is...
Maruti Suzuki acquires over 6% stake in Amlgo Labs
Maruti Suzuki India on Saturday said it has acquired over 6 per cent stake in technology startup Amlgo Labs. The startup operates in data analytics, cloud engineering, machine learning (ML) and artificial intelligence...
IL&FS seeks NCLAT nod to sell insolvent companies with haircut, without shareholders’ approval
IL&FS group has approached the NCLAT to seek permission to sell its stake with a “haircut” and without shareholders’ approval in its companies, which are insolvent with unsustainable debts and...
Masimo plans to spinoff consumer business
Medical technology company Masimo Corp said on Friday it is evaluating a proposed spinoff of its consumer business, which includes its consumer health and audio products, sending shares up 13% in extended trading. The...
Siemens to acquire drive technology division from ebm-papst
Siemens plans to acquire ebm-papst’s industrial drive technology division as the German conglomerate seeks to expand it factory automation business, both firms said on Thursday. Germany-based ebm-papst, which...
Clorox to sell some Latin American operations; take $233 mln charge
Bleach maker Clorox said on Thursday that it would sell its operations in Argentina, Uruguay and Paraguay to private equity fund Apex Capital, as it looks to tighten its portfolio to be more profitable, and take a one...
Singapore’s GIC sells 2.5% stake in Italy’s Nexi
Singapore’s sovereign fund GIC has sold a 2.5% stake in Italian payments company Nexi at 5.83 euros each, the ANSA news agency reported on Thursday. The sale of 28.8 million shares worth just under 168 million...
Tritax Big Box’s $1.2 bln takeover of rival gets board backing
The boards of warehouse owner Tritax Big Box and UK Commercial Property said on Thursday they had unanimously agreed on a 924 million pound ($1.2 billion) all-share takeover deal by Tritax of its smaller rival. The...
Astarc Group’s Naxnova acquires 74% stake in Belgium-based firm
Astarc Group’s flagship company Classic Stripes, which rebranded to Naxnova last month, has acquired Belgium-based maker of customised printed electronics Quad Industries, in a bid to strengthen its manufacturing know...
Alight to sell payroll and professional service business for up to $1.2 billion
Alight said on Wednesday it has agreed to sell its professional services and payroll outsourcing business to an affiliate of private equity firm HIG Capital for up to $1.2 billion. Shares of the benefits service...
Sensor Tower acquires market intelligence platform Data AI
App analytics company Sensor Tower said it is acquiring rival firm Data.ai in a move that could create a powerhouse entity in the mobile intelligence industry. Financial details of the deal were not disclosed. Both...
