Verizon Communications Inc (VZ.N) has given Tim Armstrong, chief executive officer of its AOL unit, a leading role in exploring a possible bid for Yahoo Inc's (YHOO.O) assets, Bloomberg reported, citing a person with knowledge of the situation.
1 min read · 09 February 2016
For-profit education provider Apollo Education Group Inc, the owner of the University of Phoenix, said on Monday it would be taken private by a consortium in a deal valued at $1.1 billion.
1 min read · 08 February 2016
The bidding war for Australian freight giant Asciano Ltd has heated up as local rival Qube Holdings Ltd upped its proposal to A$9 billion (US$6.4 billion), trumping Canada's Brookfield Asset Management, Reuters reported. Asciano said it favoured Qube's approach, dropping its previous preference for Brookfield's offer. It also said it expected Brookfield to raise its bid.
2 min read · 08 February 2016
Private equity firm Bain is closing in on a stock market listing of its home furniture chain Maisons du Monde, and is working with banks on a Paris listing, sources told Reuters.
1 min read · 08 February 2016
Ray Dalio, founder of Bridgewater Associates LP, the world's largest hedge fund, said on Friday that a Wall Street Journal story about a dispute with his heir apparent, Greg Jensen, was overblown, Reuters News reported.
3 min read · 08 February 2016
Wall Street financier Lynn Tilton on Friday said her firm Patriarch Partners LLC will become a "family office" and will step down as collateral manager of three investment pools that helped fund her portfolio of troubled companies, Reuters News is reporting.
2 min read · 08 February 2016
Greek-yogurt maker Chobani LLC, founded by billionaire Hamdi Ulukaya, said on Friday it had rejected offers from beverage giant PepsiCo Inc (PEP.N) and other investors, Reuters News reported.
1 min read · 08 February 2016
Canada's biggest pension funds say they are walking away from more and more global infrastructure deals, citing concerns that intense competition for assets has driven valuations too far, Reuters reported. The shift could help cool global prices for tunnels, airports, toll roads and other infrastructure as Canadian pension plans are among the world's biggest and most active buyers.
4 min read · 05 February 2016
Polish tech venture fund MCI Management agreed to sell Eastern Europe's largest travel portal Invia to its Czech rival Rockaway Capital for 325 million zlotys ($82 million), newspaper Puls Biznesu reported on Friday.
1 min read · 05 February 2016
Chicago Stock Exchange Inc said on Friday an investor group led by China's Chongqing Casin Enterprise Group has agreed to buy the company.
1 min read · 05 February 2016
