Reuters News

Optimal Payments to buy e-wallet rival for $1.2 billion -- Reuters

London-listed Optimal Payments Plc is to buy the maker of the Skrill e-wallet, the biggest competitor to its Neteller business, for an enterprise value of about 1.1 billion euros ($1.2 billion), Reuters News reported.

Ireland's Malin raises 330 mln euros in biotech IPO, says source-Reuters

Ireland's Malin Corp has raised 330 million euros ($352 million) in one of Europe's biggest biotechnology IPOs, a source close to the life sciences company said on Thursday, surpassing its target range of 275 million to 325 million euros.

Allianz hedges stake in CPIC through $700 million deal with Goldman-Reuters

Allianz SE struck a deal with Goldman Sachs to help the German company hedge part of its stake in China Pacific Insurance Group (CPIC) and lock in profits from two rounds of investments that Allianz made in China's third-largest insurer, Reuters reported.

Lone Star joins race to buy Italy's ICBPI, say sources-Reuters

U.S. private equity firm Lone Star is one of four bidders expected to table offers for Italian banking services provider ICBPI by a March 23 deadline, sources told Reuters.

Salus Capital complaint urges cap on credit bid for RadioShack-Reuters

Salus Capital LLC filed an adversary complaint on Wednesday in RadioShack Corp's Chapter 11 bankruptcy that seeks to hold credit bidding in the electronic retailer's upcoming auction to $111 million, Reuters reported.

LightSquared plans to repay Dish Network chairman in full -- Reuters

Bankrupt U.S. wireless venture LightSquared filed a new restructuring plan on Wednesday that would pay the full $1.5 billion claim to its largest creditor, Dish Network Corp Chairman Charles Ergen, in cash, with interest, Reuters News reported.

Auto Trader shares rise 10 percent in London market listing -- Reuters

Shares in online car marketplace operator Auto Trader Group rose more than 10 percent after the company began trading on the London Stock Exchange on Thursday, Reuters News reported.

Hedge funds hot "appraisal" strategy for deals may become a lot less appealing -- Reuters

An increasingly popular legal strategy that allows hedge funds to make potentially lucrative bets on takeover deals, and get a return even if they lose, may be about to become much less attractive, Reuters News reported.

Web hosting company GoDaddy's IPO to raise up to $418 million -- Reuters

Web hosting company GoDaddy Inc said its initial public offering of 22 million class A shares is expected to raise up to $418 million, Reuters News reported.

Rakuten buying eBook firm OverDrive for $410 million in U.S. push -- Reuters

Japanese online retailer Rakuten Inc is buying U.S. eBook company OverDrive Inc for about $410 million, deepening its push into the U.S. market and into the "sharing economy," Reuters News reported.