U.S. law firms McDermott, Will & Emery and Schulte, Roth & Zabel are in talks to combine in what would be the latest major legal industry merger, the firms said on Thursday. McDermott and Schulte are...
Hellman & Friedman launches sale process for US software maker Enverus, sources say
Private equity firm Hellman & Friedman has launched a sale process for Texas-based energy software maker Enverus in a deal that could value the company at around $6 billion, according to people familiar with the...
Nestle lines up Rothschild for water unit sale, sources say
Nestle has hired Rothschild to advise on the sale of its water division later this year, four people familiar with the matter told Reuters, as the Swiss food giant looks to refocus on bigger brands. Under new CEO...
CoStar to buy Australia’s Domain in $1.9 billion deal, eyes REA’s market dominance
U.S. real estate firm CoStar will acquire Domain for A$3 billion ($1.92 billion) including debt, the Australian property listings platform said on Friday, in a bid to create a well-capitalised rival to News Corp’s...
UBS in talks to sell hedge fund O’Connor to Cantor Fitzgerald, Bloomberg News reports
Swiss lender UBS is in talks to sell its hedge fund unit, O’Connor, to U.S. brokerage Cantor Fitzgerald, Bloomberg News reported on Thursday, citing people familiar with the matter. Talks of the deal, which the...
Coinbase buys Deribit in $2.9 billion deal to expand crypto options base
Coinbase, the largest publicly traded cryptocurrency exchange, said on Thursday it will buy derivatives exchange Deribit in a $2.9 billion deal to expand into the crypto options markets. The move underscores a push by...
Microsoft wins appeal in FTC challenge to $69 billion Activision Blizzard deal
A federal appeals court on Wednesday rejected a legal challenge by the Federal Trade Commission to Microsoft’s $69 billion purchase of “Call of Duty” maker Activision Blizzard. The San Francisco-based...
Chinese carmaker Geely offers to take Zeekr unit private in $2.2 bln deal
Chinese automaker Geely Automobile on Wednesday offered to pay $2.2 billion to privatise its unit Zeekr just a year after it took the EV brand public in the U.S., saying it wanted to consolidate its business to fend off...
Japan’s NTT plans to buy remaining NTT Data shares for up to $20 billion, Nikkei reports
Japanese telecoms giant Nippon Telegraph and Telephone plans to launch a tender offer worth up to 3 trillion yen ($20 billion) to buy the remaining shares in NTT Data, the Nikkei newspaper reported on Thursday. NTT...
KNDS’ bid to raise stake in tank gearbox maker Renk faces challenge, sources say
Franco-German defence contractor KNDS’ plan to increase its stake in German tank gearbox maker Renk is facing a potential challenge from the designated seller of the shares, two people familiar with the matter...
Grab looks to strike a deal to acquire Indonesia’s GoTo in Q2, sources say
U.S.-listed ride-hailing and food delivery company Grab is looking to strike a deal to take over smaller Indonesian rival GoTo in the second quarter, two sources with knowledge of the matter said. Singapore...
Veolia to take full ownership of water management unit in $1.75 billion deal, gets $750 million in new contracts
French group Veolia said on Wednesday it will buy the 30% of shares in Water Technologies and Solutions (WT&S) that it does not already own from Quebec Deposit and Investment Fund (CDPQ) for $1.75 billion. The waste...
