White Mountains Insurance said on Friday it would sell a controlling interest in insurance distribution platform Bamboo to European private equity firm CVC in a deal that values the company at $1.75 billion. Shares of...
Mining giant Grupo Mexico returns with new offer for Citi’s Banamex
Mexican mining and transportation giant Grupo Mexico on Friday submitted an offer to purchase Citi’s retail unit in the country, known as Banamex, more than two years after it had scrapped previous plans to do so...
Ardian acquires $2.9 billion Irish utility Energia, FT says
French investment firm Ardian is acquiring one of Ireland’s largest energy utilities, Energia Group in a deal that values the Dublin-based firm at more than 2.5 billion euros ($2.93 billion), the Financial Times...
Yahoo nears deal to sell AOL to Italy’s Bending Spoons for $1.4 billion
Yahoo is in advanced talks to sell AOL to Italian technology company Bending Spoons for about $1.4 billion, four sources familiar with the matter said, as the Apollo Global Management-backed firm sheds one of the most...
Perplexity acquires Visual Electric to rival OpenAI’s Sora, Google’s Nano Banana
Perplexity AI has acquired artificial intelligence (AI) based image and video generation platform Visual Electric, the companies said in separate announcements on Wednesday. “We’ve acquired Visual Electric. The...
KKR explores $7 billion sale of stake in Canada’s Pembina Gas Infrastructure, sources say
KKR is exploring a potential sale of its 40% stake in Pembina Gas Infrastructure, with its holding in the Canadian midstream operator expected to be valued at around $7 billion, four people familiar with the matter said...
US offers to buy stakes in Australian critical minerals companies
The U.S. government has offered to buy equity in Australian critical minerals companies as part of a funding package to expand its supply and cut its reliance on China, executives recently returned from Washington said...
BlackRock’s GIP in talks to buy power company AES, sources say
BlackRock-owned Global Infrastructure Partners is in advanced talks to buy utility group AES, people familiar with the matter said on Wednesday, a deal that could be one of the largest ever involving a U.S.-listed power...
Czech billionaire Kretinsky to sell Thyssenkrupp steel stake as JV plans falter
Czech billionaire Daniel Kretinsky has agreed to sell his 20% stake in Thyssenkrupp’s steel unit and scrap plans for a joint venture for the business, both parties said in a joint statement, paving the way for a...
GIP nears deal to buy Aligned Data Centers for about $40 billion, Bloomberg News reports
BlackRock-owned Global Infrastructure Partners is in advanced talks to acquire Macquarie-backed Aligned Data Centers in a deal valuing the technology infrastructure company at $40 billion, Bloomberg News reported on...
Occidental offloads chemicals unit in $9.7 billion deal with Berkshire to cut debt
Occidental Petroleum will sell its chemicals arm OxyChem to Warren Buffett’s Berkshire Hathaway for $9.7 billion, the company said on Thursday, marking its biggest divestment yet to slash debt after years of...
Meta to acquire chip startup Rivos to strengthen AI plans
Meta Platforms Inc. is buying chip startup Rivos Inc. The deal is part of Meta’s plan to strengthen its own semiconductor development and control more of its AI infrastructure. Rivos is creating its own GPU. A GPU is...
