Volkswagen Group raised its investment in Rivian by 16% to $5.8 billion, the two automakers said on Tuesday, as the companies kick off their planned joint venture to develop electric vehicle architecture and software...
DirecTV to drop Dish acquisition plan if EchoStar debt-exchange offer fails
Satellite TV provider DirecTV said on Tuesday it will abandon its planned acquisition of EchoStar’s satellite television business that includes Dish TV by Nov. 22 if bondholders don’t agree to a debt...
Exxon to sell older Permian assets to Hilcorp in $1 billion deal, sources say
Top U.S. oil producer Exxon Mobil Corp has agreed to sell conventional oil drilling assets in the Permian Basin of Texas and New Mexico to privately-owned Hilcorp Energy for around $1 billion, four sources familiar with...
US sues to block UnitedHealth’s $3.3 bln purchase of Amedisys
The Justice Department and three U.S. states filed a lawsuit on Tuesday to block UnitedHealth Group’s $3.3 billion purchase of Amedisys Inc over concern the deal would harm competition in the market for home...
Commerzbank considers buying German rival to ward off UniCredit, sources say
Commerzbank is considering buying a mid-sized German bank as part of its strategy to fend off a possible takeover by Italy’s UniCredit, three people with knowledge of the matter told Reuters. The plans are at an...
Private equity firms expect more UK deal activity in 2025, survey says
Private equity firms expect an increase in deal activity in 2025, with 84% of the respondents of a survey expecting to execute at least 5 to 10 deals in 2025, according to a Deutsche Numis survey among private equity...
Endeavor to sell OpenBet, IMG Arena for about $450 mln to management-led group
Endeavor Group will sell its OpenBet and IMG Arena businesses to management-led group OB Global backed by Hollywood power broker Ari Emanuel for about $450 million, the sports and entertainment company said on Monday...
Morgan Stanley’s PE arm to sell HVAC firm to Goldman Sachs Alternatives
Morgan Stanley’s private equity arm is selling its heating, ventilation and air conditioning (HVAC) business, Sila Services, about three years after it invested in the company to take advantage of the growing...
Cardinal Health acquires GI Alliance, Advanced Diabetes for about $3.9 bln
Cardinal Health said on Monday it acquired majority stakes in GI Alliance (GIA) and Advanced Diabetes Supply Group (ADSG) for about $3.9 billion in an all cash deal. The Dublin, Ohio-based drug distributor has acquired...
Asterion agrees to sell data centre operator Nabiax to Aermont
Spanish infrastructure investment fund Asterion Industrial Partners and Telefonica agreed to sell Spanish data centre operator Nabiax to European asset manager Aermont Capital, the companies said on Monday in a joint...
Oversees Pakistani group Al Nihang offers to acquire debtridden Pakistan’s national airlines
Al-Nihang, an overseas Pakistgroup has offered to acquire Pakistan International Airlines for the cost of PKR 100 billion amid a set of terms and conditions, Ary News reported. The bid for privatisation by Al-Nihaang...
Singapore’s DBS eyes Malaysian bank stakes in expansion push, sources say
Singapore’s biggest lender DBS Group Holdings Ltd is exploring expanding into Malaysia with potential acquisitions of stakes in banks in its Southeast Asian neighbour, including in one of Malaysia’s smallest...
