Yahoo Inc officially launched the sale of its core business on Friday, a move seen as a positive step for frustrated investors but not enough to keep an activist hedge fund from pursuing a proxy fight against the struggling Internet company, Reuters News reported.
3 min read · 22 February 2016
3 min read · 19 February 2016
Singapore sovereign wealth fund GIC Pte Ltd and private equity investors Advent International and Bain Capital have jointly bought a minority stake in engineering outsourcing firm QuEST Global Services for $350 million.
1 min read · 19 February 2016
International Business Machines Corp (IBM.N) said on Thursday it plans to acquire private equity-backed Truven Health Analytics, a provider of healthcare data and analytics, for $2.6 billion, marking its fourth major health data-related deal in the past year.
1 min read · 18 February 2016
The owners of Britain's Fox's Biscuits are in early stage talks to sell the business to rival biscuit maker Burton's Biscuit, owned by Ontario Teachers' Pension Plan, two sources told Reuters. The sale could value the company at around 340 million pounds (US$486 million).
2 min read · 18 February 2016
The president of Hollywood Presbyterian Medical Center said on Wednesday that his hospital paid hackers a ransom of $17,000 in bitcoins to regain control of their computer systems after a cyber attack, Reuters News reported.
2 min read · 18 February 2016
Brookfield Asset Management is planning a fresh US$6.4 billion bid for Australian port and rail firm Asciano Ltd with Qatar's sovereign fund, sources told Reuters, widening the global battle for the haulage heavyweight. Brookfield is also bringing Canadian pension fund manager PSP Investments into the new offer, sources said.
2 min read · 17 February 2016
Investment fund Alpha Private Equity is set to enter exclusive negotiations to buy French auto servicing chain Feu Vert, a source with knowledge of the discussions told Reuters on Tuesday.
1 min read · 17 February 2016
Oil and gas companies under pressure from low crude prices and from the banks that hold their debt are increasingly being forced to sell assets to private equity investors, who have raised billions of dollars to snap up bargains in the sector, Reuters News reported.
4 min read · 17 February 2016
Investment fund Alpha Private Equity is set to enter exclusive negotiations to buy French auto servicing chain Feu Vert, a source with knowledge of the discussions told Reuters on Tuesday.
1 min read · 16 February 2016
