Australian mining products maker Bradken Ltd (BKN.AX) said it is considering a cut-price $730 million takeover proposal from Bain Capital and Pacific Equity Partners, underscoring the urgency the sector faces amid plunging commodities prices, Reuters reported.
2 min read · 05 December 2014
Uber is in talks to sell more than $1 billion in convertible debt, a source familiar with the matter said, soon after the U.S. taxi service said it raised $1.2 billion in its latest funding round, Reuters reported.
1 min read · 05 December 2014
Canada's government on Thursday approved Burger King Worldwide's C$12.64 billion ($11.10 billion) takeover of coffee-and-doughnut chain Tim Hortons Inc, which will create a new company based north of the border, Reuters reported.
1 min read · 05 December 2014
Bidders including Borealis, Macquarie and Cheung Kong Infrastructure Holdings (CKI) are lining up multi-billion dollar bids for Fortum's (FUM1V.HE) Swedish power grid ahead of a mid-December deadline, sources told Reuters.
2 min read · 04 December 2014
Japanese telecoms firm SoftBank Corp has pumped in $250 million to become the top investor in Southeast Asian mobile taxi-booking application GrabTaxi Holdings Pte Ltd, its biggest investment in a Southeast Asian Internet firm, Reuters reported.
2 min read · 04 December 2014
Blackstone Group LP's No. 2 executive Tony James is considering taking a role outside the world’s largest alternative asset manager, including seeking a top job in a future U.S. government, Reuters is reporting.
4 min read · 04 December 2014
On Deck Capital Inc, an online platform for small business lending, expects its initial public offering to be priced at $16-$18 per share, valuing the company at up to $1.19 billion, Reuters reported.
1 min read · 04 December 2014
European pay-TV group Sky has agreed to sell a controlling stake in Sky Bet to CVC Capital Partners in a deal which values the online betting business at 800 million pounds ($1.3 billion), Reuters reported.
2 min read · 04 December 2014
Xiaomi Technology Co Ltd XTC.UL and other Chinese companies have joined a $40 million investment in U.S. wearables startup Misfit, the first time the world's third-biggest smartphone manufacturer has taken a stake in a U.S. mobile-device maker, Reuters reported.
2 min read · 03 December 2014
Johnson & Johnson (JNJ.N), the U.S.-based healthcare company, has hired Goldman Sachs (GS.N) to explore a sale of its artificial sweetener brand Splenda, sources told Reuters.
1 min read · 03 December 2014
