iQiyi.com, the video subsidiary of Chinese internet company Baidu Inc (BIDU.O), has raised $1.53 billion in new funds to compete with rivals in the country's hotly contested online entertainment sector.
1 min read · 22 February 2017
SourceHOV LLC, Novitex Holdings Inc and Quinpario Acquisition Corp 2 (QPACU.O) agreed to combine in a deal valued at about $2.8 billion, to scale up their businesses in the financial technology and business services industry, Reuters reported.
1 min read · 22 February 2017
Jay Clayton, the deal-making lawyer President Donald Trump has chosen to lead the U.S. Securities and Exchange Commission, is expected to move swiftly after his confirmation to start smoothing the path for businesses seeking to raise money, Reuters reported.
3 min read · 22 February 2017
Sushiro Global Holdings Ltd, which runs Japan's largest chain of conveyor-belt sushi restaurants, said shareholders including European buyout firm Permira would sell shares worth up to 82.4 billion yen ($730 million) in an initial public offering next month, Reuters reported.
1 min read · 22 February 2017
Buyout firm Sycamore Partners has won the auction for the e-commerce business and intellectual property of bankrupt U.S. women's apparel retailer The Limited with a bid of $26.8 million, sources told Reuters.
2 min read · 21 February 2017
Creditas Soluções Financeiras Ltda, a Brazilian financial technology firm focused on secured consumer loans, has obtained $19 million from investors in a financing round that will allow it to provide borrowers with funds for one-fourth of what they pay to domestic lenders.
2 min read · 21 February 2017
Private equity fund CVC Capital Partners has agreed to buy Zabka Polska SA, one of Poland's biggest chains of convenience stores, from Mid Europa Partners, CVC said on Tuesday.
1 min read · 21 February 2017
Fiber-based service provider Lumos Networks Corp (LMOS.O) said on Monday it agreed to be bought by investment firm EQT Infrastructure in an all-cash deal with an enterprise value of about $950 million.
1 min read · 21 February 2017
Verizon Communications Inc (VZ.N), the No. 1 U.S. wireless carrier, said on Tuesday it agreed to buy the core internet business of Yahoo Inc (YHOO.O) for $4.48 billion, about $350 million less than the original price.
1 min read · 21 February 2017
Paulo Castellari, who was named chief financial officer of Brazilian power utility Cia Energética de Minas Gerais SA (Cemig) only two months ago, is joining Mubadala Development Co PJSC, a source told Reuters.
1 min read · 21 February 2017
