Vail Resorts Inc said it would buy Whistler Blackcomb Holdings Inc, operator of the Canadian ski resort that was a venue for the 2010 Olympic Winter Games, for about $1.39 billion, Reuters reported. Vail, which owns mountain resorts in the United States and Australia, will pay about $676 million in cash and $715 million in stock. Whistler Blackcomb is a portfolio company of KSL Capital Partners, a U.S. private equity firm focused on travel and leisure investments. KSL acquired a 24 percent stake in the business in December 2012.
3 min read · 08 August 2016
Gawker is engaged in preliminary talks with the former professional wrestler Hulk Hogan to reach a settlement over a $140 million court judgment that led the company to file for bankruptcy protection, the Wall Street Journal reported on Sunday.
1 min read · 08 August 2016
Aeropostale Inc (AROPQ.PK) has been negotiating a potential sale to private equity firm Versa Capital Management LLC that would save thousands of jobs at the bankrupt U.S. teen retail chain and keep many of its stores open, Reuters reported citing a court filing.
2 min read · 08 August 2016
Genesys Telecommunications Laboratories Inc, a U.S. provider of call center software, is in talks to acquire the contact center business that its peer Avaya Inc is hoping to sell for more than $4 billion, Reuters News reported.
2 min read · 08 August 2016
South African retailer Steinhoff International Holdings NV (SNHG.DE) will buy Mattress Firm Holding Corp (MFRM.O), the largest specialty bedding retailer in the United States, for $3.8 billion which includes debt, Reuters News reported.
2 min read · 08 August 2016
Alibaba Group Holding Inc is not making an investment in Netflix Inc, Alibaba spokesman Bob Christie told Reuters on Friday.
1 min read · 08 August 2016
Apollo Global Management LLC (APO.N) is in discussions to acquire U.S. cloud services provider Rackspace Hosting Inc (RAX.N), people familiar with the matter said, as the buyout firm seeks to step up its investments in the technology sector.
2 min read · 05 August 2016
Private equity funds are looking to sell shares in two U.S. energy companies, people familiar with the plans said this week, deals that could end a year-long drought for Initial Public Offerings (IPOs) in the oil and gas sector, Reuters reported.
4 min read · 05 August 2016
Ray Kahn, who held a variety of senior roles in Barclays PLC's clearing business over the past eight years, is no longer with the bank, a source told Reuters.
1 min read · 04 August 2016
Private equity firm Bain Capital said on Thursday it had bought loan and real estate portfolios worth 1.1 billion euros ($1.23 billion) from three Spanish banks, more evidence of how Spain's recovering property sector is attracting foreign investors, Reuters reported.
2 min read · 04 August 2016
