Investor Ray Dalio sold his remaining stake in Bridgewater Associates, the hedge fund he founded 50 years ago, according to a letter sent to investors, while Brunei’s sovereign fund acquired a minority stake in...
Blackstone emerges as frontrunner to buy Enverus, sources say
Blackstone Inc has emerged as the frontrunner to buy energy-focused data provider Enverus for around $6 billion, according to sources familiar with the matter. Reuters reported in May that Hellman & Friedman was...
Canada’s Brookfield to buy UK’s Just Group for $3.2 billion
Canada’s Brookfield Wealth Solutions agreed to acquire Just Group for 2.4 billion pounds ($3.18 billion) as part of its expansion into the UK pension risk market, sending the British insurer’s shares to an...
CSX working with Goldman Sachs to explore strategic options, Bloomberg News reports
Railroad operator CSX is working with Goldman Sachs to explore strategic options following a merger between its two major rivals, Bloomberg News reported on Thursday, citing people familiar with the matter. Union...
Law firm Wilson Sonsini sells legal tech unit SixFifty to Paychex
U.S. law firm Wilson Sonsini Goodrich & Rosati has sold its technology unit SixFifty to human resources software firm Paychex, calling it one of the largest-ever deals for a law firm tech subsidiary. Wilson Sonsini...
JD.Com to acquire Ceconomy
JD.com is acquiring Germany’s Ceconomy in a deal that values the electronics retailer at 2.2 billion euros ($2.5 billion), allowing one of China’s largest online retailers to expand outside of its home...
Five Point in talks to sell Northwind Midstream to MPLX for $2.3 billion, Bloomberg News reports
Private equity firm Five Point Infrastructure is in talks to sell Northwind Midstream Partners for about $2.3 billion to U.S. midstream company MPLX, Bloomberg News reported on Wednesday, citing people familiar with the...
Palo Alto Networks in talks to buy CyberArk in deal worth over $20 billion: Report
Palo Alto Networks is in talks to acquire CyberArk Software in a deal that could value the Israeli cybersecurity firm at more than $20 billion, the Wall Street Journal reported on Tuesday, citing people familiar with...
IPO-bound Lenskart buys 80% stake in Spain’s Meller for Rs 407 crore
Eyewear retail chain Lenskart, which has just filed its draft red herring prospectus for a public listing, has acquired an 80% stake in Spanish fashion eyewear brand Meller for Rs 407 crore (approximately €41.5 million)...
Zaggle to acquire digital banking platform Rio Money for Rs 22 crore
Zaggle Prepaid Ocean Services Limited, one of India’s leading spend management companies, is set to acquire a 100% stake in fintech startup Rio Money for Rs 22 crore. With this acquisition, Zaggle plans to foray into...
Union Pacific to acquire Norfolk in $85-billion US railway deal: All about the mega merger
Union Pacific Corp agreed to acquire Norfolk Southern Corp in a cash-and-stock transaction valued at $85 billion. The deal will create a transcontinental rail giant, linking Union Pacific’s extensive western US...
Prosus-owned iFood buys stake in Brazil’s CRMBonus
Brazilian food delivery platform iFood, owned by Dutch investment group Prosus, said in a statement on Tuesday it has taken a 20% stake in technology company CRMBonus. The deal’s price tag and future financial...
