Australia's Nine Entertainment Co priced its initial public offering at the bottom of its marketing range, giving the indebted TV network a market capitalisation of A$1.9 billion ($1.74 billion), writes Reuters. The listing, set for Friday, comes a year after Nine avoided receivership with U.S. private equity funds Oaktree Capital Group and Apollo Global Management taking control in a more than $3 billion debt-for-equity swap, writes Reuters.
2 min read · 04 December 2013
U.S. cinema chain AMC Entertainment Holdings Inc plans to raise as much as $368 million from an initial public offering of 18.4 million Class A shares, Reuters reported.
1 min read · 03 December 2013
The Chernin Group, former News Corp president Peter Chernin's holding company, said on Monday it had acquired majority control of Japanese anime streaming service Crunchyroll, expanding holdings that include stakes in online video company Fullscreen and mobile entertainment network Scopely.
1 min read · 03 December 2013
Apple Inc has acquired social media search and analytics startup Topsy, an unusual purchase for a hardware-focused company that has made few forays into social networking.
3 min read · 03 December 2013
Online gambling company Betfair said it was looking to grow its business in Italy and the United States after having pulled out of a number of countries because of unfavourable regulations and tax rates, writes Reuters. Betfair has been forced to defend its strategy after rejecting a 1 billion pound ($1.5 billion) takeover by private equity firm CVC Capital Partners in May.
2 min read · 03 December 2013
Gold miner LionGold Corp, together with a subsidiary of associated firm ISR Capital Ltd and Chinese firm Suzhou Power, is to be a partner in a new private equity fund that invests in natural resources, writes Reuters. The fund, IPR LP, is structured as a second part of an existing fund, Infiniti Premium Resources, under Infiniti Asset Management. The fund plans direct investments in mining projects, together with related energy and power investments.
1 min read · 03 December 2013
Activist fund Cevian Capital said on Monday it had raised its stake in Volvo to 10.5 percent of votes and voiced confidence in the ability of world's second biggest truck maker to make good on a drive to boost profitability, Reuters reported.
2 min read · 02 December 2013
Investors are scrambling for a share of Europe's biggest luxury goods IPO in years, as skiwear maker Moncler tries to raise as much as 785 million euros ($1.07 billion) to develop new products beside its trademark feather-filled jackets, Reuters reported.
2 min read · 02 December 2013
Food services provider Aramark Holdings Corp said it expects to price its initial public offering at between $20 and $23 per share, valuing the company at about $5.3 billion, Reuters reported.
2 min read · 02 December 2013
Hotel operator Hilton Worldwide Inc, owned by private equity firm Blackstone Group LP, said it would raise as much as $2.37 billion from an initial public offering of its shares.
1 min read · 02 December 2013
