Pleasant Lake Partners disclosed a roughly 10% stake in toymaker Funko and said the company should consider strategic alternatives, including the possibility of a sale, according to a regulatory filing from Thursday...
Axel Springer backs Dovid Efune’s $675 million Telegraph bid, challenging DMGT offer
Axel Springer is backing a new bid for Britain’s Telegraph Media Group submitted by U.S. publisher Dovid Efune, a spokesperson for the German group and a source said on Friday, challenging DMGT’s proposed...
Arm Holdings shares rise after Nvidia exits its entire $155.8M stake
Arm shares rose more than 1% in premarket trading on Wednesday (February 18) following the disclosure that Nvidia has sold its entire stake in the British semiconductor firm, signaling investor confidence in Arm’s...
Johnson & Johnson explores $20 billion sale of orthopedics unit, source says
Johnson & Johnson is preparing a potential sale of its orthopedics unit, in a deal that could top $20 billion, with the company eyeing private equity firms as the most likely buyers, a source familiar with the...
Hims & Hers Health to acquire Australia’s Eucalyptus for up to $1.15 billion
Hims & Hers Health said on Thursday it will acquire Australian digital health company Eucalyptus in a deal valued at up to $1.15 billion, as the U.S. telehealth firm pushes into international markets to expand its...
Visa to buy payment firms Prisma, Newpay to deepen Argentina footprint
Card giant Visa said on Thursday it would buy payment platforms Prisma and Newpay from private-equity firm Advent International, bolstering its presence in Argentina. The deal links Visa’s global payments network...
UK regulator finds competition concerns in Getty-Shutterstock merger
Britain’s competition watchdog said on Thursday it provisionally found concerns over UK editorial content supply in the proposed merger between U.S.-based Getty Images and rival Shutterstock, but cleared the deal...
Citigroup exits Russia, closer to completing strategic divestitures
Citigroup announced on Wednesday the sale of its former Russian subsidiary to Renaissance Capital, a transaction already approved by regulators and which completes Citi’s full exit from the country. Citigroup...
Rio Tinto takes majority control of Canada’s Nemaska Lithium
Rio Tinto, said on Wednesday it has gained majority control of Canada’s Nemaska Lithium, advancing its push to build an integrated lithium business in Quebec. The Anglo-Australian miner now holds a 53.9% stake in...
Virgin Media O2 owners to buy British fibre firm Substantial for $2.7 billion
A consortium including Liberty Global agreed on Wednesday to buy British alternative fibre provider Substantial Group for 2 billion pounds ($2.72 billion) in a bid to take on BT Openreach. The acquisition will be made...
Liberty Global to buy Vodafone’s stake in VodafoneZiggo, spin-off Benelux operations
Liberty Global has agreed to buy its Dutch joint venture partner Vodafone’s stake in VodafoneZiggo for 1 billion euros ($1.18 billion) in cash, the companies said on Wednesday. It will then combine the Netherlands...
EBay forecasts upbeat revenue, buys Depop to boost fashion presence
EBay Inc forecast first-quarter revenue above Wall Street estimates on Wednesday and announced the acquisition of fashion marketplace Depop from Etsy for nearly $1.2 billion, sending its shares up more than 7% in...
