Saks Global is preparing to file for bankruptcy in the coming weeks after missing a debt payment tied to its Neiman Marcus acquisition, the Wall Street Journal said on Wednesday, citing people familiar with the matter...
KKR, Kreate acquire South Korea’s Cheongna Logistics Center
Global investment firm KKR and its affiliated Korean asset manager, Kreate Asset Management, said on Tuesday they have purchased Cheongna Logistics Center, in what they called South Korea’s largest single-asset...
Macquarie to Inject £245 Million More Into UK’s Southern Water
Macquarie Asset Management committed to putting a further £245 million ($330 million) of equity into Southern Water Ltd. as part of a plan to strengthen the finances of the UK utility. Macquarie, which holds a majority...
Warner Bros may reject Paramount’s latest hostile bid worth $108 billion despite Larry Ellison guarantee
Warner Bros. Discovery is likely to reject Paramount Skydance’s amended $108.4 billion hostile bid for the storied Hollywood studio, despite a personal guarantee from billionaire Larry Ellison backing the media...
Robex shareholders approve $1.45 billion merger with Australia’s Predictive Discovery
Shareholders of Canada’s Robex Resources approved a A$2.17 billion ($1.45 billion) merger with Australian minerals explorer Predictive Discovery, Predictive said on Wednesday. About 94.54% of votes cast backed the...
SoftBank nears deal for data center investment firm DigitalBridge: Bloomberg News
SoftBank is in advanced talks to acquire DigitalBridge, Bloomberg News reported on Monday, citing people familiar with the matter. SoftBank could announce an agreement as soon as Monday, the report said. Reuters...
Meta to buy Chinese startup Manus to boost advanced AI
Meta said on Monday it would acquire Chinese-founded artificial intelligence startup Manus, as the technology giant accelerates efforts to integrate advanced AI across its platforms. Financial terms of its transaction...
Britain’s Octopus Energy to spin out Kraken at $8.65 billion valuation
Britain’s Octopus Energy said on Monday it will spin off its technology arm, Kraken, as an independent company valued at $8.65 billion, after a funding round led by U.S. investment firm D1 Capital Partners. Kraken...
Nigeria’s Tinubu approves $1.42 billion debt write-off for state oil firm NNPC
Nigerian President Bola Tinubu has approved the cancellation of $1.42 billion and 5.57 trillion naira ($3.85 billion) in debts owed by state oil firm NNPC Ltd to the government, the presidency said on Monday. The...
KKR, Kreate complete purchase of South Korea’s Cheongna Logistics Center
Global investment firm KKR and its affiliated Korean asset manager, Kreate Asset Management, said on Tuesday they have completed the purchase of Cheongna Logistics Center, which they say is South Korea’s largest...
UK’s IPF agrees to $733 million takeover by BasePoint entity
British lender International Personal Finance said on Monday it has agreed to a 543 million-pound ($732.51 million) takeover by a company associated with BasePoint Capital, finalising terms ahead of a December 31...
French IT company Atos to sell Latin American businesses to Brazil’s Semantix
French IT company Atos said on Friday it signed a binding agreement to sell its Latin American operations to Brazilian tech company Semantix as part of a broad restructuring plan. The business to be sold employs...
