A former partner in leading Silicon Valley venture capital firm Sequoia Capital on Monday countersued a woman who claimed he sexually abused her for more than a decade, arguing that she was trying to extort $40 million from him.
2 min read · 15 March 2016
A partner at Sequoia Capital has left, the Silicon Valley venture capital firm said on Sunday, days after a lawsuit was filed accusing him of sexually abusing a woman and not honoring an agreement to compensate her.
2 min read · 14 March 2016
U.S. hotel operator Starwood Hotels & Resorts Worldwide Inc received a buyout offer from a consortium led by China's Anbang Insurance Group, possibly derailing the company's planned takeover by rival Marriott International Inc.
2 min read · 14 March 2016
India's Kotak Mahindra Group said it has signed an agreement with Canada Pension Plan Investment Board (CPPIB) to invest up to US$525 million in stressed assets in the country's banking and corporate sectors, Reuters reported. CPPIB and the Indian financial services conglomerate, along with its asset reconstruction arm, Phoenix ARC, plan to invest in asset sales by banks with the aim to restructure, recover and turnaround companies in distress. CPPIB will have the ability to invest up to US$450 million in the initiative.
1 min read · 14 March 2016
India's Kotak Mahindra Group said on Monday it has signed an agreement with Canada Pension Plan Investment Board (CPPIB) to invest up to $525 million in stressed assets in the country's banking and corporate sectors, Reuters News reported.
1 min read · 14 March 2016
Private equity firm Apollo Global Management LLC (APO.N) is nearing a deal to acquire Fresh Market Inc (TFM.O), a U.S. specialty grocery retailer, for more than $1.3 billion, Reuters News reported.
2 min read · 14 March 2016
Intel Corp is looking to sell part of its venture capital portfolio, assets that could be worth as much as $1 billion, Bloomberg reported.
1 min read · 11 March 2016
Private equity house Charterhouse is to sell Italian generic drugs firm Doc Generici to fellow buyout firm CVC , the companies said on Friday.
1 min read · 11 March 2016
Latin American engineering conglomerate Grupo Odebrecht SA is considering selling the majority stake it has in petrochemical producer Braskem SA, sources told Reuters. Odebrecht could exit Braskem in a joint transaction with state-controlled oil producer Petrobras, the sources added. The potential buyers are said to include Canada's Brookfield Asset Management.
3 min read · 11 March 2016
General Motors Co (GM.N) is buying Cruise Automation, a San Francisco self-driving vehicle startup, the latest move by the auto giant in its effort to outflank Silicon Valley in the race to develop shareable, autonomous vehicles.
2 min read · 11 March 2016
