German utility group E.ON is poised to become one of Britain’s largest energy suppliers after it announced plans on Monday to buy rival Ovo Energy for an undisclosed sum. The deal is expected to create one of...
Reuters.com
Blackstone to acquire Greek e-commerce platform Skroutz from CVC
Blackstone will acquire Greek e-commerce platform Skroutz from CVC Capital Partners Fund VII, CVC said on Monday. The deal values the Greek company, including debt, at about 635 million euros ($747 million), a person...
UK’s ASOS to sell Lichfield centre to Marks & Spencer for $90 million
ASOS said on Monday it will sell its Lichfield fulfilment centre to rival Marks & Spencer for 66 million pounds ($89.7 million), as the British retailer looks to simplify operations and dispose of non-core assets...
Sony Music Publishing to buy Recognition Music catalog; source says deal for $4 billion
Sony Music Publishing said on Monday it would buy Recognition Music Group’s entire catalog of works from funds managed by Blackstone, gaining access to more than 45,000 songs including those from Beyonce...
Byron Allen to buy majority stake in BuzzFeed for $120 million, shares nearly triple
BuzzFeed said on Monday media entrepreneur Byron Allen will take over as the digital media company’s next CEO after he entered into a deal to buy a stake of about 52% in the digital media company for $120...
Action camera maker GoPro to review options, including possible sale
Action camera maker GoPro said on Monday that it intends to review a range of strategic options that could include a sale of the company or merger, sending its shares up more than 27% in after-hours trading. This...
Armani could split 15% stake among L’Oreal, LVMH, EssilorLuxottica, report says
Italian fashion house Giorgio Armani is considering selling a 15% stake in three equal parts following the designer’s death, potentially bringing in three buyers he had selected as shareholders, a newspaper...
OnlyFans sells minority stake to Architect Capital at $3.15 billion valuation, WSJ reports
OnlyFans has agreed to sell a minority stake to investment firm Architect Capital in a deal valuing the adult-content platform at $3.15 billion, the Wall Street Journal reported. San Francisco-based Architect will buy...
Rio Tinto considers raising stake in Argentina’s Los Azules copper project, sources say
Rio Tinto, is evaluating the economic potential of McEwen Copper’s giant Los Azules project in Argentina as the mining group considers increasing its 17.2% stake in the development, two industry sources said. Los...
Rheinmetall submits bid for GNYK shipyard as it deepens naval push
German defence group Rheinmetall has entered the race to buy shipyard German Naval Yards Kiel with a non-binding bid, a move that would deepen its push into naval defence and pits it against rival warship maker...
Italy’s Angelini to buy US Catalyst Pharma in $4.1 billion state-backed deal
Angelini Pharma said on Thursday that it would acquire U.S. rare-disease drug maker Catalyst Pharmaceuticals in a $4.1 billion deal, marking the Italian drugmaker’s entry into the U.S. pharmaceutical market. The...
India likely to divest stake worth $1.06 billion in state-run Coal India, CNBC-TV18 reports
The Indian government is likely to divest a 3%-4% stake worth 100 billion rupees ($1.06 billion) in state-run miner Coal India via the offer-for-sale route, broadcaster CNBC-TV18 reported on Thursday, citing...
