Catherine Badour

WPP agrees to Bain's tender offer for Japan partner Asatsu-DK, Bain draft statement shows: Reuters

Advertising company WPP PLC (WPP.L) has agreed to a $1.35 billion tender offer from Bain Capital LLC for Japanese peer Asatsu-DK Inc (9747.T), of which it owns 25 percent, an about-face that heralds an end to a soured partnership, Reuters reported.

Bitcoin hits record high after smashing through $8,000 for first time: Reuters

Bitcoin hit a new record high on Monday after smashing through the $8,000 (£6,043.6) level for the first time over the weekend, marking an almost 50 percent climb in just eight days, Reuters reported.

Ancala acquires Apache's two North Sea gas pipeline assets: Reuters

Independent UK-based infrastructure investment fund Ancala Partners has finalized its acquisition of Apache Corp’s interests in two North Sea gas pipeline assets for an undisclosed sum, it said on Monday.

Nordic Capital, KKR vying for Sandvik's U.S. unit Hyperion, say sources: Reuters

Buyout firms Nordic Capital and KKR & Co (KKR.N) are competing to acquire Hyperion, a U.S. manufacturer of metal cutting and drilling equipment owned by Swedish engineering company Sandvik AB (SAND.ST), according to people familiar with the matter.

Affinion seeks to sell AD&D unit to cut debt, say sources: Reuters

Affinion Group Holdings Inc, a U.S. provider of loyalty programs and insurance products, is exploring a sale of its accidental death and dismemberment (AD&D) business as it seeks to trim its debt pile, sources told Reuters.

Former Obama administration official in bid for The Weinstein Co: Reuters

Maria Contreras-Sweet, the former head of the U.S. Small Business Administration (SBA), has submitted an offer to acquire the Weinstein Co, Reuters reported.

Alibaba goes offline with $2.9 billion stake in China's top grocer: Reuters

Internet giant Alibaba Group Holding Ltd (BABA.N) said on Monday it would invest HK$22.4 billion ($2.87 billion) for a major stake in China’s top hypermart operator, Sun Art Retail Group Ltd (6808.HK), part of a wider push into offline retail, Reuters reported.

Private equity to face competition from investors, says Carlyle Co-CEO: Reuters

Private equity firms are awash in cash, with nearly US$1trn of available capital, but the industry is facing internal competition as limited partner (LP) investors seek to play a more active role in buyouts, according to David Rubenstein, co-founder and co-CEO of the Carlyle Group, Reuters reported.

3i Group has no plans to sell Action stake in short term: Reuters

London-listed private equity firm 3i Group (III.L) said on Thursday it had no plans to dispose of its biggest asset, Dutch discount retailer Action, rebutting market speculation that a sale could be imminent.

China ticketing platform Maoyan raises $150 million from Tencent: Reuters

Maoyan, one of China’s biggest online ticketing platforms, on Wednesday said it has secured 1 billion yuan ($150.82 million) in funding from internet giant Tencent Holdings Ltd, valuing the company at 20 billion yuan.