China Mobile, the world’s biggest wireless carrier by users, said on Monday it had bought a 14.4% stake in Hong Kong-based broadband service provider HKBN for HK$1.08 billion ($137.58 million). The deal gives...
Goldman Sachs poised to buy into ice cream maker Froneri at $17.13 billion valuation, FT says
Goldman Sachs is poised to buy into ice cream maker Froneri at a 15-billion-euro ($17.13 billion) valuation including debt, the Financial Times reported on Friday. Reuters could not immediately verify the report. The...
Star Entertainment’s Brisbane casino deal collapses; shares hit record low
Star Entertainment’s planned 50% stake sale in its A$3.6 billion ($2.32 billion) Brisbane resort failed after its Hong Kong-based investors looking to exit the joint venture refused to extend talks, it said on...
Bridgewater founder Ray Dalio sells remaining stake in hedge fund, letter says
Investor Ray Dalio sold his remaining stake in Bridgewater Associates, the hedge fund he founded 50 years ago, according to a letter sent to investors, while Brunei’s sovereign fund acquired a minority stake in...
Blackstone emerges as frontrunner to buy Enverus, sources say
Blackstone Inc has emerged as the frontrunner to buy energy-focused data provider Enverus for around $6 billion, according to sources familiar with the matter. Reuters reported in May that Hellman & Friedman was...
Canada’s Brookfield to buy UK’s Just Group for $3.2 billion
Canada’s Brookfield Wealth Solutions agreed to acquire Just Group for 2.4 billion pounds ($3.18 billion) as part of its expansion into the UK pension risk market, sending the British insurer’s shares to an...
CSX working with Goldman Sachs to explore strategic options, Bloomberg News reports
Railroad operator CSX is working with Goldman Sachs to explore strategic options following a merger between its two major rivals, Bloomberg News reported on Thursday, citing people familiar with the matter. Union...
Law firm Wilson Sonsini sells legal tech unit SixFifty to Paychex
U.S. law firm Wilson Sonsini Goodrich & Rosati has sold its technology unit SixFifty to human resources software firm Paychex, calling it one of the largest-ever deals for a law firm tech subsidiary. Wilson Sonsini...
AbbVie in talks to acquire Gilgamesh Pharmaceuticals, Bloomberg News reports
Drugmaker AbbVie is in talks to acquire privately held mental health therapeutics company Gilgamesh Pharmaceuticals in a deal worth about $1 billion, Bloomberg News reported on Wednesday, citing people familiar with the...
Agrichemicals firm FMC to divest India business amid market pressures
Agrichemicals company FMC Corp said on Wednesday it intends to divest its commercial business in India, in response to challenges in the country. Shares of the company, which also lowered its forecast for annual sales...
JD.Com to acquire Ceconomy
JD.com is acquiring Germany’s Ceconomy in a deal that values the electronics retailer at 2.2 billion euros ($2.5 billion), allowing one of China’s largest online retailers to expand outside of its home...
Five Point in talks to sell Northwind Midstream to MPLX for $2.3 billion, Bloomberg News reports
Private equity firm Five Point Infrastructure is in talks to sell Northwind Midstream Partners for about $2.3 billion to U.S. midstream company MPLX, Bloomberg News reported on Wednesday, citing people familiar with the...
