Databricks said on Wednesday it would buy database startup Neon in its latest deal valued at about $1 billion, aiming to strengthen its analytics platform with technology that can help businesses develop and use...
TenneT in talks with funds to sell up to $13 billion stake in German unit, sources say
State-owned Dutch power grid operator TenneT has kicked off talks with investors about the sale of a minority stake in its German division, four people familiar with the matter said, in what could become one of...
Bluebird bio receives higher upfront offer from PE firms Carlyle, SK Capital
Carlyle Group and SK Capital Partners increased their upfront offer to take over gene therapy maker Bluebird Bio, the companies said on Wednesday. Shares of bluebird bio jumped over 50% to $4.97 in early trading. The...
Aviva’s $4.9 billion Direct Line deal faces UK competition probe
Aviva’s bid to become Britain’s largest home and motor insurer via a 3.7 billion pound ($4.92 billion) takeover of smaller rival Direct Line suffered a potential snag on Wednesday, after Britain’s...
Dick’s Sporting Goods closes in on deal to buy rival Foot Locker, WSJ reports
Dick’s Sporting Goods was nearing a deal to buy rival footwear retailer Foot Locker for about $2.3 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The companies have...
Germany’s DHL to boost UK deliveries, takes minority stake in Apollo’s Evri
German postal services group DHL said on Wednesday it would buy a “significant” minority stake in private equity firm Apollo’s British parcel delivery business Evri, under a deal to merge it with its...
Carlyle nears deal to sell Italian premium brand Twinset, sources say
U.S. private equity group Carlyle Group is expected to clinch in the coming days an accord to sell Italian fashion brand Twinset to local investment firms Borletti Group and Quadrivio, two sources close to the matter...
UK to allow foreign states to own a 15% stake in newspapers
Britain plans to allow state-owned investors to own up to 15% of British newspaper publishers, the government said on Thursday, as part of media reforms that could end long-running uncertainty over ownership of the...
Starbucks said to start stake sale for China business, Bloomberg News reports
Starbucks has reached out to private equity firms, technology companies and others as it mulls options for its China business, including a possible stake sale, Bloomberg News reported on Wednesday.
Thai billionaire’s Frasers offers $1.1 billion deal in second attempt to take REIT private
Thai business magnate Charoen Sirivadhanabhakdi’s Frasers Property has made a second attempt to take over its hospitality real estate investment trust (REIT) at a valuation of S$1.37 billion ($1.1 billion). The...
Samsung to buy German cooling system maker FlaktGroup for $1.7 billion
Samsung Electronics said on Wednesday it had agreed to buy Germany’s FlaktGroup for 1.5 billion euros ($1.68 billion) as it looks to meet growing demand for cooling of data centres used for artificial intelligence...
Nutresa sells Colombian Starbucks franchise stake to Mexico’s Alsea
Colombian processed food company Nutresa said it sold its 30% stake in the country’s Starbucks franchise operator to a unit of Mexican restaurant chain Alsea. In a statement on Monday night, Nutresa said it had...
