Britain’s competition regulator on Friday said it would clear Getty Images’ proposed $3.7 billion merger with Shutterstock if the latter sells its editorial arm to address concerns around news content...
Reuters.com
Schroders to exit wholly-owned China fund management unit, sources say
Schroders is exiting its wholly owned China fund unit and has reached a deal to sell its products to Neuberger Berman, three people with knowledge of the matter said, as the British fund manager looks to move out of...
Hana Bank to acquire stake in Dunamu for $700 mln, filing says
South Korea’s Hana Bank will acquire a 1 trillion won ($700 million) stake in Dunamu, operator of the country’s largest cryptocurrency exchange, the bank’s holding company said in a regulatory...
LVMH to sell Marc Jacobs to WHP Global, G-III as buyers raise $850 million
French luxury group LVMH has agreed to sell fashion brand Marc Jacobs to a joint venture between brand manager WHP Global and apparel company G-III Apparel Group, which are raising up to $850 million to fund the deal...
Thoma Bravo eyes stake sale in Command Alkon, sources say
Thoma Bravo is exploring a sale of its stake in construction software maker Command Alkon, as the private equity firm tries to generate returns in pockets of software seen as more resilient to broader AI disruption...
London’s Spire Healthcare gets $1.35 billion buyout proposal from Toscafund
British private hospital group Spire Healthcare said on Thursday it received a buyout proposal worth 1 billion pounds ($1.35 billion) from its second-largest shareholder, Toscafund Asset Management, sending its shares...
Chinese EV startup Xpeng in talks with Volkswagen to buy European factory, FT reports
Chinese electric vehicle startup Xpeng is in talks with Volkswagen and other automakers about buying a factory in Europe, the Financial Times reported on Wednesday. The development comes days after Volkswagen CEO...
CSG bids for stake in tank maker KNDS, source says
Czech defence group CSG has offered to buy a stake in Franco-German tank maker KNDS from its German owner families, a source familiar with the situation told Reuters on Wednesday. The families, however, are...
Mercedes to sell seven Berlin dealerships to Canadian buyer
Mercedes-Benz has agreed to sell its seven Berlin dealerships to a Canadian investor, as part of efforts to sell off businesses in its dealership network, the German carmaker said late on Tuesday. Global Auto...
Equinox Gold to acquire Orla Mining, creating $18.5 billion Canada-focused gold producer
Equinox Gold said on Wednesday it would acquire Orla Mining in an all-stock deal to create a North American gold producer worth about $18.5 billion. U.S.-listed shares of Orla Mining rose 3.4% in premarket trading. A...
Eneos to buy Chevron’s stake in Singapore Refining and other assets for $2.2 billion
Eneos Holdings said on Thursday it will buy Chevron’s 50% stake in Singapore Refining Company (SRC) and other assets in Southeast Asia and Australia for $2.2 billion. The deal – which includes...
Jack Daniel’s maker rejects $15 billion buyout offer from rival Sazerac, source says
Brown-Forman has rejected a $32-per-share cash takeover offer from U.S. spirits maker Sazerac, according to a source familiar with the matter, weeks after talks between the Jack Daniel’s maker and France’s...
