Reuters News

Founding investor Fidelity offers to take Colt private: Reuters

Colt Group SA's largest shareholder, asset manager Fidelity, offered to take it private in a deal valuing the telecommunication service provider at about 1.72 billion pounds ($2.73 billion), Reuters reported.

US equity firm TPG ties up with Satya Capital for Africa investments: Reuters

U.S. private equity firm TPG will invest up to $1 billion in African companies under a tie-up with Sudanese billionaire Mo Ibrahim's Satya Capital, the companies said on Thursday.

Permira, Google may jointly bid for Tesco's data unit, says source: Reuters

Internet search giant Google Inc (GOOGL.O) and private equity fund Permira are in talks to make a joint bid for British retailer Tesco Plc's (TSCO.L) customer data business, a source told Reuters.

Ellen Pao owes Kleiner Perkins $276,000 for lawsuit costs: Reuters

The Kleiner Perkins Caufield and Byers venture capital firm should get nearly $276,000 instead of the $973,000 it sought from former partner Ellen Pao to cover the cost of successfully defending itself during her discrimination lawsuit, Reuters News reported.

IPO values wearable fitness tracker Fitbit valued at $4.1 billion: Reuters

Fitbit Inc (FIT.N) priced its initial public offering at $20 per share on Wednesday, valuing the maker of wearable fitness tracking devices at about $4.1 billion, Reuters News reported.

Berkshire Hathaway becomes Heinz's majority shareholder: Reuters

H.J. Heinz Co said Berkshire Hathaway Inc (BRKa.N) bought an additional 5.4 percent stake in the company, making the Warren Buffet-owned firm the majority shareholder in the ketchup company, Reuters News reported.

JPMorgan's Jimmy Lee, advisor on megadeals, dies: Reuters

Jimmy Lee, one of JPMorgan Chase & Co's (JPM.N) most senior investment bankers, died on Wednesday, the U.S. bank's Chief Executive Officer Jamie Dimon said. Lee was 62.

Buyout firm TPG says former spokesman has dropped lawsuit: Reuters

TPG Capital LP said on Wednesday its former head of public affairs, who had accused it of violating securities regulations and defrauding investors out of millions of dollars, had agreed to drop his lawsuit against the buyout firm.

Singapore's Frasers Centrepoint buys UK hotel firm for $572 million: Reuters

Singapore-listed Frasers Centrepoint Ltd said on Wednesday one of its units has bought a UK boutique hotel operator for 363.4 million pounds ($571.8 million), to boost its hospitality business.

Caesars hit with $6 bln lawsuit tied to restructuring: Reuters

Casino company Caesars Entertainment Corp was sued for more than $6 billion by a representative for noteholders who are the lone creditors backing its plan to overhaul $18 billion in debt, Reuters News reported.