The two largest daily fantasy sports companies, FanDuel Inc and DraftKings Inc, are in early-stage talks to merge, people familiar with the matter said on Monday, as the industry faces a crackdown by U.S. states over whether it runs illegal gambling, Reuters News is reporting.
2 min read · 14 June 2016
Gawker Media LLC asked a U.S. bankruptcy court judge on Monday for permission to borrow up to $22 million from an affiliate of buyout firm Cerberus Capital Management LP to help it through its sale process, Reuters News reported.
2 min read · 14 June 2016
The French airports of Nice and Lyon have attracted at least 16 bidders ahead of a July 4 deadline for firm offers, sources told Reuters.
1 min read · 13 June 2016
The Benetton family's Edizione Holding and private equity firm Investindustrial have teamed up to bid for Italy's Fedrigoni in a deal valuing the paper maker at around 600 million euros ($675 million), sources told Reuters.
2 min read · 13 June 2016
Boutique advisory firms STJ Advisors and Marlborough Partners have set up a joint venture to provide specialist equity and debt capital markets advice, Reuters reported.
2 min read · 13 June 2016
Microsoft Corp (MSFT.O) agreed to buy LinkedIn Corp (LNKD.N) for $26.2 billion in its biggest-ever deal, combining the software giant's fast-growing cloud services business with the world's largest online network for professionals, Reuters reported.
4 min read · 13 June 2016
Canadian energy producer Penn West Petroleum Ltd said that it would sell its Saskatchewan assets, which include holdings in the Viking region, for US$975 million to Teine Energy Ltd, which is backed by Canada Pension Plan Investment Board, Reuters reported. Penn West, which will also sell some of its assets in Alberta for about US$140 million, expects the deal to close in the second quarter this year. CPPIB has invested in Tiene since 2011.
1 min read · 13 June 2016
PSP Investments, one of Canada's biggest pension funds, said it had acquired a significant minority stake in French company Allflex Group, the world's biggest maker of electronic tags for animals, from private equity firm BC Partners, Reuters reported. The purchase was overseen by PSP's new team in London, led by Simon Marc, and is likely to be followed by further deals in Europe as PSP looks to increase its presence in Europe's private equity market after having opened an office in London last year.
2 min read · 13 June 2016
Australian online lender Marketlend on Monday said it has closed on a $1 million investment lead by fin-tech entrepreneur Jon Barlow and former KKR dealmaker Mati Szeszkowski, Reuters News reported.
2 min read · 13 June 2016
Technology security firm Symantec Corp said it would buy privately held cyber security company Blue Coat for $4.65 billion in a cash deal that will ramp up Symantec's enterprise security business, Reuters News reported.
3 min read · 13 June 2016
