Warburg Pincus is investing more than $370 million in Vietnam Technological and Commercial Joint Stock Bank (Techcombank) IPO-VTC.HM, in what it said was the largest ever private equity investment to date in the Southeast Asian nation, Reuters reported.
2 min read · 12 March 2018
Data-sharing business Dropbox Inc (DBX.O) on Monday filed for an initial public offering of 36 million shares, giving the company a value of more than $7 billion at the high end of the pricing range, Reuters reported.
2 min read · 12 March 2018
Lloyd Blankfein could step down as Goldman Sachs Group Inc (GS.N) chief executive as soon as the end of the year, the Wall Street Journal reported on Friday, swiveling the focus to fierce competition between the two contenders to replace him.
3 min read · 09 March 2018
Royal Dutch Shell Plc (RDSa.L) and U.S. private equity firm Blackstone Group LP (BX.N) are working on a joint $10 billion bid for BHP Billiton Plc’s (BLT.L) U.S. shale assets, Sky News said on Thursday.
2 min read · 08 March 2018
Southeast Asia’s biggest ride-hailing firm, Grab, is in advanced negotiations to buy parts of Uber Technologies Inc’s business in the region, said a source with knowledge of the talks, in what would be Uber’s second retreat from an Asian market.
2 min read · 08 March 2018
Rent-A-Center Inc is in active talks with multiple parties for a possible buyout, the rent-to-own furniture retailer said on Wednesday, while also announcing 250 layoffs at its Plano, Texas headquarters, Reuters reported.
1 min read · 08 March 2018
J.M. Smucker Co (SJM.N) is considering a sale of its baking brands, including Pillsbury, Bloomberg reported on Thursday, citing people familiar with the matter.
1 min read · 08 March 2018
Magic Leap, a secretive startup working in the augmented reality space, said on Wednesday it raised $461 million in its latest funding round, led by the Kingdom of Saudi Arabia’s sovereign investment arm.
1 min read · 07 March 2018
Vrio Corp, AT&T Inc’s (T.N) DirecTV business in Latin America, on Wednesday filed with the U.S. Securities and Exchange Commission for an initial public offering of as much as $100 million, Reuters reported.
2 min read · 07 March 2018
Private equity firm Advent has hired Goldman Sachs (GS.N) and Rothschild (ROTH.PA) to sell Dutch conveyor belt company Ammeraal Beltech in a process expected to begin around the end of this month, sources told Reuters.
2 min read · 07 March 2018