BlackRock Inc (BLK.N), the world's largest asset manager, has agreed to buy a Mexican infrastructure investment fund that financed projects for a contractor at the center of a scandal which embroiled President Enrique Pena Nieto, Reuters reported.
3 min read · 12 June 2015
Zhong An Online Property Insurance, China's first online insurance seller, raised 5.78 billion yuan ($931.3 million) in its first round of fundraising, the official Shanghai Securities News reported on Friday, citing an unnamed source from Zhong An.
1 min read · 12 June 2015
Ride-hailing service Uber Technologies Inc plans to invest more than $1 billion in China this year as the controversial ride-hailing app looks to rev up growth in the world's second largest economy, an executive at the firm said on Friday.
2 min read · 12 June 2015
State-controlled PT Telekomunikasi Indonesia Tbk has agreed to pay about $300 million to buy Pacific island Guam's telecom and pay-television operator GTA, sources told Reuters, in what will be the biggest overseas acquisition by the Indonesian firm.
2 min read · 12 June 2015
Chicken wing restaurant chain Wingstop Inc (WING.O), backed by Roark Capital Group, said its initial public offering was priced at $19 per share, above the expected price range, valuing the company at about $543 million.
1 min read · 12 June 2015
Twitter Inc (TWTR.N) said Dick Costolo is stepping down as chief executive and will be replaced by co-founder Jack Dorsey on an interim basis.
1 min read · 11 June 2015
Chip Wilson, who founded Lululemon Athletica Inc (LULU.O) and left its board earlier this year after disagreements with fellow directors, is now looking to potentially sell his family's estimated $1.3 billion stake in the yogawear maker, Reuters reported.
2 min read · 11 June 2015
Pet food maker Blue Buffalo Pet Products Inc filed with U.S. regulators on Wednesday to raise up to $500 million in an initial public offering of its common stock, Reuters reported.
2 min read · 11 June 2015
A consortium including Goldman Sachs and Blackstone has bid for Northern Rock's 13 billion pound ($20 billion) mortgage securitization vehicle, sources told Reuters.
2 min read · 11 June 2015
A deal for British investment fund Cinven to buy Telekom Slovenia has not yet been finalised because of haggling over an amendment to Cinven's bid, Reuters News reported.
2 min read · 11 June 2015
