Bouygues Telecom, Orange and Free-iliad Group said on Saturday they have signed a memorandum of understanding with Altice France to buy telecoms operator SFR for €20.35 billion ($23.44 billion), including debt. If...
International News
Saks Global wins court approval for bankruptcy restructuring
Saks Global received court approval for its bankruptcy restructuring on Friday, clearing the luxury retailer to exit from Chapter 11 with a smaller store footprint and lower debt. U.S. Bankruptcy Judge Alfredo Perez...
Govt considers selling 2% stake in Hindustan Zinc to raise ₹5,000 crore
India is considering selling as much as a 2 per cent stake in Hindustan Zinc Ltd. in a transaction that could raise up to ₹5,000 crore ($525 million), according to people familiar with the matter. The Department of...
Law firm Morgan & Morgan explores stake sale, eyes long-term IPO, sources say
Morgan & Morgan, the largest U.S. personal injury law firm, has hired JPMorgan to explore a minority stake sale that could pave the way for a public listing years from now, according to two people familiar with the...
Cargill in talks to sell metals unit to Macquarie, sources say
Cargill is in talks to sell its metals unit to Macquarie Group, five sources with knowledge of the matter said, as the global trading house aims to focus on its core food and agriculture operations. All five sources...
William Hill UK owner Evoke agrees $326 million takeover by Greek lottery firm
British bookmaker Evoke agreed to be acquired by Greek lottery and gaming firm Bally’s Intralot on Friday in an all-share deal valuing it at about £243 million ($326 million), sending its shares up 14%...
US officials eye government stakes in AI companies, NOTUS reports
Senior U.S. officials held preliminary discussions with major AI companies about the potential for the government to buy some shares in their firms, digital news outlet NOTUS on Thursday, citing three people familiar...
Ares-backed medical spa chain LaserAway explores sale, sources say
LaserAway is exploring a sale that could value the medical spa chain at more than $2 billion, according to people familiar with the matter. The company, which is backed by its founders, Ares Management and Seidler...
Universal Music buys back part of Ackman’s Pershing stake after $64 billion bid fails
Universal Music Group said on Thursday it has repurchased some of the shares sold by Bill Ackman’s Pershing Square, after the billionaire investor’s takeover proposal for the music company was rejected...
A SpaceX-Tesla merger may be too big to stop
What better way to follow up the biggest initial public offering in history than with the biggest M&A deal? As rocket-maker SpaceX soars towards a listing that could value it at $1.75 trillion, a tie-up with the...
EU regulators pause probe into $1.65 billion UPM-Sappi deal, await data
EU antitrust regulators have paused their review of a proposed €1.42 billion ($1.65 billion) paper joint venture between Finland’s UPM-Kymmene and South African-listed Sappi, pending information from the...
Italy to approve Ludoil’s acquisition of Sicilian oil refiner
Italy’s government will give its green light to a planned acquisition of Sicilian oil refiner ISAB by Ludoil, the country’s energy minister told Reuters on Thursday. “Yes, the last details are...
