CK Hutchison said on Monday it wants a major Chinese strategic investor to join the BlackRock-led consortium bidding for its $22.8 billion ports business, after media reported that state-owned China COSCO Shipping Corp...
Union Pacific nearing agreement to buy Norfolk Southern Bloomberg reports
Union Pacific, the largest U.S. railroad operator, could reach an agreement to acquire rival Norfolk Southern as soon as early next week, Bloomberg News reported on Friday, citing people familiar with the matter. Union...
Thailand’s PTTEP buys full control in offshore gas block from Chevron for $450 million
Thai oil and gas giant PTT Exploration and Production (PTTEP) has acquired full ownership of Block A-18 in Malaysia–Thailand Joint Development Area (MTJDA) in a $450 million transaction with Chevron units. PTTEP said in...
McDonald’s to sell 8 Hong Kong retail spaces valued at $153 million, JLL says
McDonald’s Corp is planning to sell eight prime retail properties in Hong Kong with a total market value of around HK$1.2 billion ($152.89 million), JLL, which has been appointed as the sole agent of the sale...
KKR in talks to buy ST Telemedia Global Data Centres, Bloomberg News reports
U.S. investment firm KKR is in talks to buy Singapore-based ST Telemedia Global Data Centres in a deal that could value the Asian infrastructure provider at more than $5 billion, Bloomberg News reported on Saturday...
Paramount Global says Skydance merger should close in two weeks
Paramount Global said on Friday it expects to complete its merger with Skydance Media by August 7, following government approval for the $8.4 billion deal. After the deal closes, the company will be renamed Paramount...
LVMH in talks to offload fashion label Marc Jacobs, sources say
French luxury goods group LVMH is in discussions with multiple buyers to offload its fashion label Marc Jacobs, people familiar with the matter told Reuters on Friday. The Bernard Arnault-led company has been holding...
Telefonica in exclusive talks to sell its Mexican unit to Beyond ONE, sources say
Spanish telecom giant Telefonica is in exclusive talks to sell its Mexican business to Beyond ONE, the owner of Virgin Mobile Mexico, three sources with knowledge of the negotiations said. The Spanish company has...
Russian e-commerce firm Ozon says entrepreneur Chachava takes 28% stake
Russian e-commerce company Ozon said on Friday that businessman Alexander Chachava had acquired a 27.7% stake in the company from Vostok Investments. Chachava, the founder of venture fund LETA Capital, took part last...
PagerDuty exploring potential sale after receiving buyer interest, sources say
PagerDuty is exploring options, including a potential sale of the U.S.-based software maker, after receiving inbound acquisition interest, people familiar with the matter said on Friday. The company is working with...
UK’s Close Brothers to sell Winterflood to Marex for $140 million
British lender Close Brothers said on Friday it has agreed to sell market maker Winterflood Securities to financial services company Marex Group for approximately 103.9 million pounds ($140.20 million) in cash. Close...
US FCC clears way for $8 billion Paramount-Skydance merger
The U.S. Federal Communications Commission on Thursday approved the merger between Paramount Global and Skydance Media, clearing the way for an $8.4 billion sale of some of the most prominent names in entertainment...
