U.S. President Joe Biden said on Friday his opposition to Nippon Steel’s $14.9 billion bid for U.S. Steel hadn’t changed despite a decision by his administration to extend a national security review of the...
UK clears Amazon’s AI partnership with Anthropic
Britain’s competition regulator said on Friday Amazon’s artificial intelligence partnership with startup Anthropic will not be referred for a deeper probe as it did not fall under its jurisdiction. The...
UK’s LTG set to recommend $1.06 bln takeover bid from General Atlantic
London-based Learning Technologies Group (LTG) is set to agree to a 792 million pounds ($1.06 billion) takeover bid by U.S. private equity firm General Atlantic if a formal offer is made, the corporate education group...
Shale producer Validus to buy Citizen Energy in deal worth over $2 billion, sources say
Privately held oil and gas producer Validus Energy has struck a deal to buy rival Citizen Energy for more than $2 billion, including debt, according to people familiar with the matter. A record consolidation wave has...
TPG buys minority stake in wealth manager Homrich Berg
Private equity firm TPG has agreed to buy a minority stake in Homrich Berg, an investment that would allow the wealth management firm to pursue growth opportunities, the companies said on Thursday. No financial terms...
Australia’s REA sweetens takeover bid for Britain’s Rightmove to $8.29 bln
Australia’s REA Group, owned by Rupert Murdoch controlled News Corp, bumped up its takeover bid for Rightmove to 6.2 billion pounds ($8.29 billion) on Friday after the UK firm rejected three of its previous offers...
Macquarie, pension funds to sell 74% co-owned stake in Queensland Airports to KKR consortium
Macquarie said on Thursday its infrastructure fund and other pension funds will sell a co-owned 74.25% combined stake in Queensland Airports Ltd to a consortium comprising global investment firm KKR and Skip Essential...
LG Display agrees sale of Chinese LCD plant for $1.5 bln
South Korea’s LG Display said on Thursday it had agreed to sell its stake in its large liquid crystal display (LCD) plant in Guangzhou, China, to TCL’s LCD unit CSOT for 10.8 billion yuan ($1.54 billion)...
Australia’s Platinum Asset Management rejects Regal Partners’ $420 mln takeover offer
Australia’s Platinum Asset Management on Thursday rejected a non-binding takeover offer from Regal Partners, which valued the fund manager at about A$616.5 million ($420.76 million). The bid, announced on Sept...
Buyout firm L Catterton to acquire majority stake in pilates chain Solidcore
L Catterton, the private equity firm backed by luxury goods giant LVMH, on Wednesday clinched a deal to acquire a majority stake in pilates studio operator Solidcore from its current owners. The deal values Solidcore at...
UK’s Rightmove rejects $8.1 bln sweetened bid from Australia’s REA Group
British real estate portal Rightmove on Wednesday rejected a sweetened $8.1 billion takeover proposal from Rupert Murdoch-owned Australian property listing firm REA Group, saying the increased bid was still...
Country Garden Services to sell stake in Zhuhai Wanda for $446 mln
Country Garden Services, the property services arm of Chinese property developer Country Garden, said on Wednesday it agreed to sell its 1.49% stake in Zhuhai Wanda Commercial Management for 3.14 billion yuan ($446.54...
