T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) said on Sunday they had agreed to a $26 billion all-stock deal and believed they could win over skeptical regulators because the merger would create thousands of jobs and help the United States beat China to creating the next generation mobile network.
5 min read · 30 April 2018
Finland’s Wartsila and U.S. peer Cummins are interested in potentially buying General Electric’s (GE) 3 billion euro ($3.6 billion) distributed power operations, which GE is looking to sell to bolster its finances, sources told Reuters.
2 min read · 27 April 2018
In an industry undergoing consolidation, privately-owned Swiss exchange SIX sees potential takeover targets in Iberia and central Europe and has itself been approached by potential buyers, Chief Executive Officer Jos Dijsselhof told Reuters in an interview.
3 min read · 27 April 2018
French insurer AXA (AXAF.PA) on Thursday priced the forthcoming initial public offering (IPO) of its U.S. division at $24-27 per share, in a deal that could value the part of the business being listed on the market at $3.5 billion, Reuters reported.
2 min read · 27 April 2018
Brazilian shoemaker Dass Nordeste Calçados e Artigos Esportivos SA has decided to cancel its initial public offering because of weak demand, a source told Reuters.
1 min read · 27 April 2018
Ping An’s Good Doctor online healthcare platform has raised $1.12 billion in its initial public offering, pricing its shares at the top of its range in Hong Kong’s largest new listing this year, sources told Reuters.
2 min read · 27 April 2018
Square Inc, the payments company led by Twitter Inc Chief Executive Officer Jack Dorsey, will acquire website building startup Weebly, the company said on Thursday.
2 min read · 27 April 2018
Financial technology firm Revolut said on Thursday its valuation had jumped by five times in a year to $1.7 billion at its most recent funding round, making it the first of Britain’s digital-only banks to reach unicorn status, Reuters reported.
2 min read · 26 April 2018
Private equity-backed cyber security firm Avast is targeting a market capitalization of between 2.5 billion and 3.2 billion pounds ($3.5-4.5 billion) in its initial public offering (IPO), potentially the biggest London listing since July, Reuters reported.
1 min read · 26 April 2018
U.S. cable company Comcast Corp submitted a 22 billion pound ($31 billion) offer for pay-TV group Sky (SKYB.L) on Wednesday, challenging an already agreed but lower takeover bid from Rupert Murdoch’s Fox (FOXA.O), Reuters reported.
1 min read · 25 April 2018