Indian grocery delivery service BigBasket has raised $150 million in fresh funding in a round led by UAE's Abraaj Group as the company looks to expand its services into smaller cities, the investor said.
1 min read · 22 March 2016
Top daily fantasy sports companies FanDuel and DraftKings agreed to stop taking money in New York on Monday, amid a months-long fight with the state's attorney general over whether the games are illegal gambling.
2 min read · 21 March 2016
U.S. business research provider IHS Inc said it would buy Markit Ltd in an all-stock deal valuing the London-based financial data company at about US$5.9 billion, Reuters reported. IHS shareholders will own about 57 percent of the combined company, which will be based in London and have a total market value of more than US$13 billion. Markit's top investors include U.S. equity firm General Atlantic LLC, Singapore's Temasek Holdings Pte Ltd and Canada Pension Plan Investment Board.
2 min read · 21 March 2016
Starwood Hotels & Resorts Worldwide Inc (HOT.N) on Friday said a $13 billion cash offer from China's Anbang Insurance Group Co was superior to one from Marriott International Inc (MAR.O), setting the stage for the largest-ever deal by a Chinese company in the United States, Reuters News reported.
4 min read · 21 March 2016
WL Ross Holdings Corp (WLRH.O) said on Monday it would buy chemicals and plastics distributor Nexeo Solutions Holdings LLC from private equity firm TPG in a deal valued at $1.67 billion, Reuters News reported.
1 min read · 21 March 2016
Private equity firm KKR (KKR.N) has agreed to buy Airbus Group's (AIR.PA) defense electronics business for 1.1 billion euros ($1.2 billion), the European aerospace group said on Friday.
1 min read · 18 March 2016
Brazil's state-controlled oil company Petróleo Brasileiro SA is considering selling control of fuel distribution unit BR Distribuidora SA after bidders failed to emerge for a minority stake, sources told Reuters. BR Distribuidora, recently estimated at US$10 billion in value, has drawn bids from private equity firms and other investors, including Canada's Brookfield Asset Management, GP Investments and Advent International, one source said.
3 min read · 18 March 2016
Deutsche Post DHL Group (DPWGn.DE) and United Parcel Services Inc (UPS.N) were among those that entered initial bids to buy South Korea's fourth-largest logistics company Logen Co Ltd, Korea Economic Daily reported on Friday.
1 min read · 18 March 2016
A private-equity arm of Standard Chartered Plc and Goldman Sachs have invested a combined $28 million in Vietnamese startup M_Service, the operator of mobile e-wallet MoMo, the companies said in a joint statement on Thursday.
1 min read · 17 March 2016
Blackstone Group LP (BX.N) is nearing a deal to acquire HP Inc's (HPQ.N) controlling stake worth about $940 million in Indian IT outsourcing services provider MphasiS Ltd (MBFL.NS), according to three sources directly involved in the deal.
2 min read · 17 March 2016
