Online jeweler Blue Nile Inc (NILE.O) said it agreed to be taken private by an investor group that includes Bain Capital Private Equity and Bow Street LLC for about $500 million in cash.
1 min read · 07 November 2016
Former Wall Street executive Andrew Caspersen was sentenced on Friday to four years in prison for engaging in what prosecutors say was a Ponzi-like scheme to defraud investors including family members and friends out of $38.5 million.
2 min read · 07 November 2016
With marijuana legalization measures on the ballot in nine states Tuesday, investment opportunities are attracting money from Wall Street, Silicon Valley and publicly traded companies, Reuters reported.
5 min read · 04 November 2016
China's Dalian Wanda has agreed to a $1 billion takeover of Dick Clark Productions, the company that runs the Golden Globe awards and Miss America pageants, extending the Chinese property-to-entertainment conglomerate's buying spree in Hollywood.
2 min read · 04 November 2016
Luxembourg is investing $27.6 million (25 million euros) in privately owned Planetary Resources, an asteroid mining startup also backed by Google co-founder Larry Page, the company said on Tuesday.
2 min read · 04 November 2016
Ottawa will lift foreign investment limits for Canadian airlines to 49 percent from 25 percent, a change that should spur competition and lower fares by encouraging the launch of low-cost airlines, Reuters reported. Although the new rules had not yet taken effect, the government will allow startups Canada Jetlines and Enerjet to seek additional foreign investment immediately. Enerjet is currently in talks with U.S. private equity firm Indigo Partners, while Canada Jetlines is seeking funding from Asian and European investors.
2 min read · 04 November 2016
Solvay (SOLB.BR) has attracted buyout groups Blackstone (BX.N) and Platinum Equity as suitors for its Acetow unit and is also short-listing bidders for its nylon business, sources told Reuters, as the Belgian chemicals group shifts its focus to high-tech materials.
2 min read · 04 November 2016
Libya's $67 billion sovereign wealth fund will turn to the UK Court of Appeal, a source said on Friday, after a high court judge denied it permission to appeal her judgment in a $1.2 billion case against Goldman Sachs.
2 min read · 04 November 2016
Telecom company CenturyLink Inc said it would sell its data centers and colocation business to a group of funds for $2.15 billion in cash and a minority stake to be valued at $150 million in the consortium's global secure infrastructure company.
1 min read · 04 November 2016
Real Matters, a provider of real estate industry data, has raised $41 million in an equity funding round and pushed its plan to go public to the first quarter of 2017, sources told Reuters. The latest fundraising, which was a secondary offering led by investment bank BMO Capital Markets, will help drive growth at the quickly expanding company and values Real Matters at more than $1 billion, the sources said. This is a sharp jump from its $653 million valuation earlier in the year.
2 min read · 03 November 2016
