Reuters News

Blackstone close to deal for Shell's 50 pct stake in shale assets, says source-Reuters

Blackstone Group LP is close to a deal to buy a 50 percent stake worth $1.2 billion in a gas field in Louisiana currently owned by Royal Dutch Shell, a source told Reuters.

Andreessen Horowitz invests $50 mln in BuzzFeed: Reuters

Venture Capital firm Andreessen Horowitz is investing $50 million in BuzzFeed, the social news and entertainment website known for producing advertising-sponsored "listicles" that go viral.

CVC Capital to sell kimchi fridge maker for $145 mln: Reuters

Global private equity firm CVC Capital Partners has agreed to sell kimchi refrigerator maker WiniaMando Inc for around 150 billion won ($144.73 million) to South Korea's Hyundai Green Food Co, a Hyundai spokeswoman said on Monday.

TPG's $3.1 bln move for Australia's Treasury Wine sets up clash with KKR: Reuters

Two global private equity giants are set to face off in a battle for Australia's Treasury Wine Estates Ltd (TWE.AX) after TPG Capital Management LP matched a $3.1 billion move from KKR & Co LP (KKR.N) for one of the world's biggest wine makers.

Carlyle to break up PQ to revive $3 billion auction, say sources-Reuters

Buyout firm Carlyle Group LP is preparing to break up specialty chemical company PQ Corp, after efforts to sell the company in its entirety for as much as $3 billion were not successful, sources told Reuters.

3i hires Goldman Sachs to run potential sale of Agent Provocateur -NY Times

London-based private equity firm 3i Group Plc had hired U.S. bank Goldman Sachs Group Inc to run a potential sale of British luxury lingerie retailer Agent Provocateur, the New York Times reported on Thursday, citing a source.

Hachette Book Group drops plan to buy Perseus-Reuters

U.S. publisher Hachette Book Group, owned by France's Lagardere SCA, has dropped its plan to buy unlisted Perseus Books Group, a spokeswoman for Hachette confirmed on Friday.

Former Calpers board member charged with bribery in corruption case: Reuters

A federal grand jury indicted on Thursday a former Calpers board member on charges of bribing a chief executive of the California public pension fund and faking documents to gain million of dollars in investments fees.

Three PE firms pay $325 mln in U.S. collusion settlement: Reuters

Three private equity firms have agreed to pay $325 million to settle a U.S. lawsuit accusing them of colluding with rivals to keep prices down on corporate takeovers prior to the financial crisis by agreeing not to outbid each other, Reuters reported.

Philippines' PLDT to buy into Rocket Internet for $446 mln-Reuters

Philippine Long Distance Telephone Co said on Thursday it had agreed to buy a 10 percent stake in German firm Rocket Internet for 333 million euros ($446 million) to develop mobile and online payment systems in emerging markets, Reuters reported.