State-owned China International Capital Corp (CICC) is set to merge with its peer China Galaxy Securities, said five sources, in a deal that would create the country’s third-largest brokerage with $193 billion in assets...
Baidu buys JOYY’s China live-streaming unit for $2.1 billion in digital video push
Baidu said on Tuesday it has bought JOYY’s China live-streaming business for about $2.1 billion, reviving a deal that fell through a year ago, as the search giant doubles down on the fast-growing digital video...
Thermo Fisher buys Solventum’s purification and filtration business for $4.1 billion
Contract drug manufacturer Thermo Fisher Scientific said on Tuesday it will buy Solventum’s purification and filtration business for about $4.1 billion, sending the latter’s shares up around 9%. The deal...
UK competition watchdog clears IBM-HashiCorp $6.4 billion merger
British competition regulator on Tuesday said it will not refer U.S.-based tech giant IBM’s $6.4 billion buyout of HashiCorp to an in-depth Phase 2 probe.
Prosus to buy Just Eat to create a European food delivery ‘champion’
Dutch technology investor Prosus has agreed to buy Just Eat Takewaway.com for 4.1 billion euros ($4.3 billion) to create a “European tech champion” of food delivery, it said on Monday. Prosus’ move...
Spain’s Telefonica sells Argentina unit for $1.25 billion
Spanish telecoms company Telefonica has sold its unit in Argentina for $1.245 billion to Telecom Argentina as part of its strategy to gradually reduce its exposure to Latin America, it said on Monday evening. The...
Apollo to buy real-estate management firm Bridge Investment for $1.5 billion
Alternative asset manager Apollo Global Management will buy real estate firm Bridge Investment Group for about $1.5 billion in an all-stock deal, expanding its real estate offerings. Bridge stockholders and unit holders...
UK’s Wood Group renews takeover talks with Dubai’s Sidara
Britain’s struggling oilfield services and engineering firm Wood Group has received a fresh approach from Dubai-based Sidara about a possible takeover offer after a failed attempt six months ago, both parties said...
Bain Capital offers to buy London-listed defence firm Chemring, Sky News reports
U.S. private equity firm Bain Capital has tabled a 1.1-billion-pound ($1.39 billion) proposal to buy Chemring Group, Sky News reported on Monday, sending shares of the London-listed defence contractor up more than 16%...
China Evergrande’s EV unit to sell 20% stake in Swedish firm for tax needs
China Evergrande Group’s electric vehicle (EV) unit said on Tuesday it agreed to sell its 20% stake in a Sweden-based real estate property lessor for 60 million krona ($5.63 million). The stake sale in AB...
Indorama Netherlands set to acquire minority stake in EPL
Blackstone (NYSE: BX) today announced that private equity funds managed by Blackstone have entered into a definitive agreement with Indorama Netherlands, B.V. (INBV or Investor), a group entity of Indorama Ventures...
Seven & i Holdings picks Bain as preferred buyer in asset sale, media say
Japan’s Seven & i Holdings, operator of the 7-Eleven convenience store chain, has picked Bain Capital as its preferred buyer for a stake of its non-core assets, local media reported on Saturday. Bain has been...
