Reuters News

Stripe's valuation nearly doubles to $9.2 billion with latest funding: Reuters

Digital payments company Stripe Inc has raised a fresh round of funding that nearly doubles its valuation to $9.2 billion, Reuters reported.

Time Inc rejects bid from billionaire Edgar Bronfman Jr: Reuters

Time Inc, the publisher of Time, People and Fortune magazines, has rejected a takeover bid from Canadian billionaire investor Edgar Bronfman Jr, Reuters reported, citing a report from the New York Post . Bronfman offered US$18 per share, valuing the publisher at US$1.78 billion. Bronfman, who is a managing partner of New York private equity firm Accretive LLC, made the bid along with Russian-born billionaire Leonard Blavatnik, the founder of holding company Access Industries, and Israeli businessman Ynon Kreiz.

Time Inc rejects bid from billionaire Bronfman Jr.: NY Post

Time Inc (TIME.N), the publisher of Time, People and Fortune magazines, has rejected a takeover bid from billionaire investor Edgar Bronfman Jr., the New York Post reported on Monday.

Edwards Lifesciences to buy Israel's Valtech for up to $690 million: Reuters

Edwards Lifesciences Corp (EW.N) on Monday said it has agreed to buy Israel's Valtech Cardio for $340 million in stock and cash, with the potential for an additional $350 million in pre-specified milestone-driven payments over the next 10 years.

Centre Partners-backed Sun Orchard buys Blue Lake assets

Sun Orchard, a portfolio company of Centre Partners, has acquired certain assets of Winter Haven, Florida-based Blue Lake Citrus Products. No financial terms were disclosed. Blue Lake was backed by Seminole Tribe of Florida Inc and Wm. G. Roe & Sons Inc.

Meitu's Hong Kong IPO to value China photo app maker at up to $4.5 billion: IFR

Chinese photo app and mobile phone maker Meitu Inc is set to launch an up to $735 million IPO in Hong Kong that would value it at as much as $4.5 billion, IFR reported, making it among the 10 largest tech companies listed in the city.

Britain's JD Sports buys Go Outdoors for 112 mln stg: Reuters

British sportswear and fashion retailer JD Sports Fashion has purchased Go Outdoors for 112.3 million pounds ($140.4 million), it said on Monday, beefing-up its presence in the outdoor clothing market, Reuters reported.

HSH Nordbank holds meetings with potential buyers, say sources: Reuters

Shipping finance provider HSH Nordbank began meeting potential buyers in London this week ahead of the German lender's planned privatization next year, sources told Reuters.

Shell in talks over Gabon sale as seeks to hit divestment target: Reuters

Royal Dutch Shell is in advanced talks with a party interested in buying its onshore operations in Gabon as part of a $30 billion divestment plan following its purchase of BG Group, which was completed in February, Reuters reported.

Former Amaya CEO says Hong Kong investors to fund bid for firm: Reuters

David Baazov, the former chief executive of online gaming company Amaya Inc, disclosed new details on Friday of funding for his proposed offer to buy the Canadian firm, saying two Hong Kong-based investors had committed C$3.45 billion ($2.6 billion), Reuters reported.