Investment firm Turn/River Capital is exploring a potential sale of Redwood Software that could value the maker of automation software at about $2.5 billion including debt, according to people familiar with the matter...
Walmart selling JD.com stake to focus on its own China operations
Walmart, the biggest shareholder of Chinese e-commerce firm JD.com, has sold its entire stake, according to a person familiar with the matter, exiting an eight-year investment to focus on its own operations in China. A...
J&J to buy medical device maker V-Wave for up to $1.7 bln
Johnson & Johnson said on Tuesday it would buy privately held V-Wave for up to $1.7 billion, the healthcare conglomerate’s second deal this year aimed at boosting its presence in the market for heart disease...
US oil, gas M&A activity jumped 57% last year amid industry consolidation
Dealmaking activity in the oil and gas industry increased 57% last year as energy companies boosted development spending, driven by higher cash flows from profits in prior years, according to a report released on...
HSBC mulls sale of South Africa business, Bloomberg News reports
HSBC Holdings is currently exploring a sale of its South Africa businesses, Bloomberg News reported on Tuesday, as the once globe-spanning company continues to move its focus towards Asia. The lender’s business in...
AMD buys AI equipment maker for nearly $5 billion, escalating battle with Nvidia
Advanced Micro Devices agreed to pay nearly $5 billion to buy ZT Systems, a designer of data-center equipment for cloud computing and artificial intelligence, bolstering the chip maker’s attack on Nvidia’s dominance in...
Mars to buy Pringles maker Kellanova for $36 billion in 2024’s biggest deal
Family-owned candy giant Mars is buying Cheez-It maker Kellanova in a nearly $36 billion deal, bringing together brands from M&M’s and Snickers to Pringles and Pop-Tarts in the year’s biggest deal to...
Edgar Bronfman submits roughly $4.3 bln rival bid for Paramount Global
Veteran media executive Edgar Bronfman Jr. on Monday submitted a roughly $4.3 billion bid to take over Paramount Global through the acquisition of National Amusements, the family holding company that owns a controlling...
Oil producer APA explores $1-billion sale of Permian assets, sources say
APA Corp is exploring the sale of oil and gas drilling properties spread across parts of the Permian basin of Texas and New Mexico, in a deal that could be valued at about $1 billion, people familiar with the matter...
Porsche agrees to provide capital in Varta restructuring deal
German battery maker Varta said on Saturday it had reached a restructuring agreement with its creditors, bringing on sports car manufacturer Porsche to save the ailing business. The agreement, struck after days of...
Quantum Capital to acquire Caerus Oil and Gas assets for $1.8 bln
Quantum Capital Group will acquire certain Caerus Oil and Gas assets, including debt, for about $1.8 billion, the private equity firm said on Monday. The acquisition would take place through two of its companies...
South Korean AI chip makers Rebellions and Sapeon agree to merge
South Korean artificial intelligence chip makers Rebellions Inc and Sapeon Korea Inc have signed a definitive merger agreement, the privately held companies said on Sunday. They announced merger negotiations in June...
