The Indonesian government fully backs a possible merger between ride-hailing and food delivery firm GoTo and Singapore-based rival Grab after initially opposing a deal, two sources with knowledge of the matter said on...
Dutch bank ABN Amro buys domestic peer NIBC for $1.1 billion
Dutch bank ABN Amro on Wednesday said that it had acquired domestic commercial lender NIBC Bank from private equity firm Blackstone, strengthening its position in its home market. The acquisition, for an estimated price...
Shah Capital pushes for Novavax sale, warns of proxy fight
Shah Capital, Novavax’s second-largest shareholder, is pressing the biotech’s board to pursue strategic changes, including a potential sale, and warned it could launch a proxy fight if no progress is made in...
Permira in talks with China’s HongShan on $3 billion Golden Goose sale, sources say
Private equity firm Permira is in advanced talks with China’s HongShan Capital Group (HSG) to sell Italian luxury sneaker maker Golden Goose at a valuation of over 2.5 billion euros ($3 billion), two sources close...
SoftBank sells entire Nvidia stake for $5.8 billion in surprise move
SoftBank Group Corp. sold its entire stake in Nvidia Corp., pocketing $5.8 billion ahead of a rash of planned investments by founder Masayoshi Son to build his own sphere of influence supporting artificial intelligence...
Payments firm BILL is exploring a sale, sources say
Payments firm BILL Holdings is exploring a sale, two sources familiar with the matter told Reuters on Tuesday, as it faces pressure from activist investors. Shares of the company — which has a market capitalization of...
Novonor denies progress in talks regarding its controlling stake in Braskem
Brazilian engineering group Novonor has made no “material progress” in talks regarding a potential sale of its controlling stake in petrochemical firm Braskem, the latter said in a filing on Tuesday, citing...
KKR sells aerospace parts firm Novaria Group to Arcline for $2.2 billion
KKR has struck a deal to sell aerospace and defense hardware maker Novaria Group to industrials-focused private equity firm Arcline Investment Management for $2.2 billion, the company and the seller told Reuters on...
Rumble to buy German AI firm Northern Data for about $767 million, shares soar
Video platform Rumble, which hosts U.S. President Donald Trump’s social media platform Truth Social, said in a statement on Monday it is acquiring German AI cloud company Northern Data in an all-stock deal valued...
KKR, TPG and Warburg Pincus to bid for Hong Kong-based Acclime in over $900mln deal, sources say
Acclime, a Hong Kong-based advisory and corporate services firm, has selected a handful of bidders to submit binding offers for the company, in a deal that could value the firm at more than $900 million, three people...
AGL sells Tilt Renewables stake to QIC, Future Fund for $487 million
Australia’s AGL Energy has agreed to sell nearly all of its 20% stake in clean energy developer Tilt Renewables for A$750 million ($487 million), booking a big profit on the sale to its two existing government...
Botswana taking steps to acquire majority stake in De Beers, president says
Botswana is working on acquiring a majority stake in De Beers, President Duma Boko said on Monday, after Angola announced a rival bid to control the giant diamond company. Botswana, which owns 15% of De Beers and...
