Pandora Media Inc said on Monday that the music streaming service is positioned to evaluate potential strategic alternatives, including a sale, Reuters reported.
1 min read · 09 May 2017
Dell Technologies Inc said on Monday it has combined the venture capital operations from its two predecessor companies, computer maker Dell Inc and data storage firm EMC Corp, and said it plans to invest about $100 million a year in startups through a newly combined unit, called Dell Technologies Capital.
2 min read · 09 May 2017
Contract drug research firm Parexel International Corp (PRXL.O) is exploring a sale, sources familiar with the matter told Reuters on Monday.
1 min read · 08 May 2017
A consortium led by U.S. private equity firm TPG Capital made a A$2.2 billion (US$1.63 billion) cash proposal to acquire Fairfax Media Ltd's metropolitan newspapers and Domain real estate classifieds unit, Reuters reported, citing a statement by the Australian media group. The proposal would involve shareholders retaining scrip exposure to the company's regional and New Zealand newspaper assets as well as its radio and digital streaming divisions. Fairfax, owner of The Sydney Morning Herald and The Australian Financial Review, said its board of directors was reviewing the proposal from the TPG-led consortium, which also included Ontario Teachers' Pension Plan Board.
2 min read · 08 May 2017
Canada's Hudson's Bay Co has hired a debt restructuring adviser to review potential options for combining its business with debt-laden U.S. department store operator Neiman Marcus Group, sources told Reuters. The move is the clearest indication yet that Neiman Marcus' US$4.7 billion debt pile poses significant challenges to a merger between Hudson's Bay, owner of the Lord & Taylor and Saks Fifth Avenue retail chains, and private equity-owned Neiman Marcus. Hudson's Bay has now tapped investment bank Evercore Partners Inc, and has asked it to come up with ways that the two companies can combine without Hudson's Bay assuming the full burden of Neiman Marcus' debt, the sources said. Ares Management LP and Canada Pension Plan Investment Board acquired Neiman Marcus in 2013 for US$6 billion.
4 min read · 08 May 2017
Handbag maker Coach Inc (COH.N) said it would buy Kate Spade & Co (KATE.N) for $2.4 billion as it looks to tap the popularity of its smaller rival's quirky satchels and totes among millennials, Reuters reported.
2 min read · 08 May 2017
TPG Growth, the growth capital arm of U.S private equity firm TPG Global, has agreed to acquire Medical Solutions, a U.S. medical staffing company, for around $500 million, Reuters reported.
1 min read · 08 May 2017
Canada's Hudson's Bay Co has hired a debt restructuring adviser to review potential options for combining its business with debt-laden U.S. department store operator Neiman Marcus Group, Reuters reported.
4 min read · 08 May 2017
Social media music company Smule has raised $54 million in a financing round led by Chinese technology giant Tencent Holdings Ltd, which it will use to fuel international growth, Reuters reported.
2 min read · 08 May 2017
3 min read · 06 May 2017
