Ride-sharing service Lyft has hired investment bank Qatalyst Partners, the Wall Street Journal reported on Monday, citing people familiar with the matter.
1 min read · 28 June 2016
Japan's Line Corp on Tuesday set a price range for a Tokyo share sale that could value the messaging app operator at up to $6.57 billion, indicating strong demand for a firm that pitched itself as a stable investment rather than quick-growing startup, Reuters News reported.
2 min read · 28 June 2016
Private equity firm Apax Partners has secured $7.9 billion for its latest pool of capital, a source told Reuters.
1 min read · 27 June 2016
The selloff in equities, sparked by Britain's vote to exit the European Union, continued on Monday, setting the Dow and S&P 500 on course for their biggest two-day percentage drop in 10 months, Reuters reported.
2 min read · 27 June 2016
Australian freight giant Asciano Ltd said it has resolved a legal dispute with a trucking subsidiary that had threatened to delay a A$9.1 billion (US$6.8 billion) buyout led by Canada's Brookfield Asset Management Inc, Reuters reported. Asciano said it agreed to give its half stake in Sydney trucking business Australian Container Freight Services Pty Ltd to the family which owned the other half. The settlement will be a welcome respite for Asciano and the global consortium of investors from Canada, Australia, China and the Middle East which has been trying to buy it for more than a year.
2 min read · 27 June 2016
UK bank bonds were hit hard in secondary markets on Friday following the nation's vote to leave the European Union, storing up a period of huge uncertainty for the sector, Reuters News reported.
2 min read · 27 June 2016
Chipmaker Intel Corp (INTC.O) is considering the sale of its cyber security business, the Financial Times reported on Sunday.
1 min read · 27 June 2016
Japanese messaging app firm Line Corp has delayed setting a tentative price range for its initial public offering (IPO) by one day, until Tuesday, the company said in a regulatory filing, citing the "market environment," Reuters News reported.
2 min read · 27 June 2016
Bankers and lawyers advising companies on takeovers and initial public offerings from London to New York fretted over their deals after a British vote to leave the European Union poleaxed company valuations and executive confidence.
4 min read · 24 June 2016
(Reuters) Big Wall Street banks are scouring Europe to find a new home following the Brexit vote. JPMorgan Chase & Co is considering changes to its legal entity structure in Europe, as well as moving some of its 16,000 U.K.-based employees, according to a staff memo signed by Chief Executive Officer Jamie Dimon and other senior executives.
6 min read · 24 June 2016
