Reuters News

In an M&A boom year, deals-driven hedge funds are burned by bad bets: Reuters

Palantir Technologies raises $880 million from investors: Reuters

Palantir Technologies, a data analytics and security company that helps government agencies track down terrorists and uncover financial fraud, said on Wednesday it has raised $880 million in its latest financing round.

Reliance Infra in advanced talks to sell cement unit for $394 million, says source: Reuters

Reliance Infrastructure Ltd (RLIN.NS) is in advanced talks to sell its cement business for 26 billion rupees ($394 million) and a deal could be announced as soon as this week, a source told Reuters.

Dealmakers seek respite following record year for mergers: Reuters

Investment bankers and lawyers are looking forward to a holiday break after chalking up a record year of mergers and acquisitions, totaling $4.6 trillion, while earning tens of billions of dollars in fees, Reuters News reported.

Pep Boys says Icahn could further sweeten offer: Reuters

Pep Boys - Manny Moe & Jack (PBY.N) said investor Carl Icahn was willing to pay as much as $1 billion for the U.S. auto parts retailer to keep rival bidder Japanese tire maker Bridgestone Corp (5108.T) at bay, Reuters News reported.

Illinois attorney general says fantasy sports contests are 'gambling': Reuters

Illinois on Wednesday became the latest state to ban its residents from playing daily fantasy sports contests offered by FanDuel and DraftKings, after the attorney general said the sites constitute "gambling" under Illinois law, Reuters News reported.

Singapore's Interplex Holdings to announce takeover offer, says source: Reuters

Singapore-listed Interplex Holdings Ltd, a precision engineering company backed by CVC Capital Partners and the private equity arm of Standard Chartered, is set to unveil a takeover offer from a regional investment fund as early as Wednesday, a source told Reuters.

Luxembourg, Ardian buy stakes in utility Enovos from E.ON, RWE: Reuters

Luxembourg and private equity firm Ardian agreed to buy the stakes in local utility Enovos International SA held by E.ON and RWE, the two German utilities said in a statement on Wednesday.

Storage tech company Nutanix files for IPO: Reuters

Online storage startup Nutanix has filed for its long-awaited public offering, the latest indication that the IPO window may still be open for some highly valued tech companies, Reuters News reported.

Year of the mega deal unlikely to be repeated: Reuters

Deal-makers celebrating a record year for mergers and acquisitions that was bolstered by mega deals are pinning their hopes on a larger number of smaller deals to fuel consolidation in 2016, Reuters reported. While the number of announced deals globally declined from 2014, values rose 40.8 percent to a record US$4.6 trillion this year, according to preliminary Thomson Reuters data.