Meitav Dash, Israel's second-largest investment house, pulled out of a deal to be bought out by London-based private equity firm XIO, saying XIO had changed the terms from the initial offer, Reuters reported.
1 min read · 22 August 2017
Tulip Retail, which makes an app for retailers, said this week it raised US$40 million ($50 million) in a funding round led by Kleiner Perkins Caufield & Byers. The Series B, which included existing investors such as Jump Capital, gives Kleiner Perkins' general partner, Mood Rowghani, a seat on the startup's board. Founded in 2013, Toronto-based Tulip has developed an app that helps retailers tailor in-store experiences by giving store employees faster access to real-time inventory and price comparison data among other things. Tulip said it was seeing rising demand in Europe, South America and Asia, and planned to open offices in these markets. "The main thing that we've been delaying at Tulip that now we can accelerate is our international growth," Tulip CEO Ali Asaria told Reuters.
2 min read · 22 August 2017
Swiss bank Vontobel has agreed to buy a roughly 2 billion Swiss franc ($2.1 billion) portfolio of eastern European private banking clients from Notenstein La Roche Private Bank Ltd, it said on Monday.
1 min read · 21 August 2017
Sempra Energy said it will buy Oncor for $9.45 billion in cash after Energy Future Holdings Corp, which indirectly owns Oncor, abandoned a deal to sell the power transmission company to Warren Buffett's Berkshire Hathaway Inc.
2 min read · 21 August 2017
Turkish discount retailer Sok is planning an initial public offering in 2018, sources told Reuters, the latest sign that Turkey's once-moribund IPO market may be coming back to life.
2 min read · 21 August 2017
Dubai Aerospace Enterprise Ltd (DAE) has become one of the world's largest aircraft lessors after announcing this week it had completed the acquisition of Dublin-based AWAS, the industry's tenth biggest business, Reuters reported. The deal triples the Dubai government-controlled aircraft leasing and maintenance company's portfolio of owned, managed and committed fleet to about 400 aircraft worth more than US$14 billion. DAE said last month it had raised US$2.3 billion to finance the acquisition from British private equity firm Terra Firma Capital Partners and Canada Pension Plan Investment Board (CPPIB). Terra Firma and CPPIB invested in AWAS in 2006.
2 min read · 21 August 2017
AT&T Inc (T.N) is exploring options for its Digital Life home security business, including selling it, as it seeks to pay down debt following its planned $85.4 billion acquisition of Time Warner Inc (TWX.N), sources told Reuters.
2 min read · 18 August 2017
The ousted chief executive of Uber Technologies Inc rejected a lawsuit filed against him by one of the company's top investors as a "public and personal attack" without merit, according to court documents filed late on Thursday, Reuters reported.
3 min read · 18 August 2017
U.S. power producer Calpine Corp (CPN.N) said it would be bought by a group of investors led by Energy Capital Partners for $5.6 billion, as the debt-laden company struggles to keep up with depressed commodity prices.
2 min read · 18 August 2017
Silicon Valley technology company ThoughtSpot has completed a $120 million funding round to fuel the start-up's new artificial intelligence endeavor, Reuters reported.
2 min read · 17 August 2017
