Catherine Badour

Uber to sell Southeast Asia business to rival Grab, say sources: Reuters

Ride-hailing firm Uber Technologies Inc has agreed to sell its Southeast Asian business to bigger regional rival Grab, sources told Reuters, in what would be the U.S. company’s second retreat from Asia.

3i Group sells ferry operator Scandlines, buys back stake: Reuters

3i Group Plc (III.L) has sold ferry operator Scandlines to infrastructure funds First State Investments and Hermes Investment Management and bought back a 35 percent stake, the London-listed private equity group said on Monday.

SoftBank mulls $1 billion investment in Chinese logistics firm Manbang: WSJ

Japan’s SoftBank Group Corp (9984.T) is looking to invest $1 billion in Chinese delivery firm Manbang Group, the Wall Street Journal reported on Monday, citing people familiar with the matter.

U.S. gunmaker Remington files for bankruptcy: Reuters

Remington Outdoor Co Inc , one of the largest U.S. makers of firearms, filed for bankruptcy protection on Sunday to carry out a debt-cutting deal with creditors amid mounting public pressure for greater gun control, Reuters reported.

Spotify to list shares in direct offering: Reuters

Streaming music leader Spotify Technology SA on Tuesday filed for a direct listing of its shares, Reuters reported.

Target and Kroger discussing possible merger, says report: Reuters

Department store operator Target Corp (TGT.N) and grocery chain Kroger Co (KR.N) are in talks about a possible merger, tech focused magazine Fast Company reported on Friday, citing people with knowledge of the matter.

Dropbox heads for trading debut after upsized IPO pricing: Reuters

Having topped expectations with the upsized price of its initial public offering, Dropbox Inc (DBX.O) on Friday faces its next big challenge: a successful launch of trading when global stock markets are on the defensive and tech shares are particularly soft.

Tenable hires Morgan Stanley to prepare for IPO, say sources: Reuters

Cybersecurity software maker Tenable Network Security Inc has hired investment bank Morgan Stanley (MS.N) to lead an initial public offering (IPO) that could come as early as this fall, sources told Reuters.

France's Ardian prepares sale of Luton Airport stake, say sources: Reuters

French private investment company Ardian has hired Rothschild (ROTH.PA) to sell its 49 percent stake in Britain’s fifth-biggest airport, Luton, banking sources told Reuters.

Warburg Pincus sees more deals in Vietnam after pumping in $1 billion: Reuters

Warburg Pincus is finding new investment targets in the consumer, banking and logistics sectors of Vietnam as its economy grows and capital markets develop, said the regional head of the private equity firm which has committed over $1 billion in Vietnam, Reuters reported.