Warburg Pincus-backed e-Shang Redwood (ESR) is in advanced talks to buy struggling Sabana Shariah Compliant Industrial REIT, sources familiar with the process said, in a likely first consolidation step in Singapore's $3.5 billion mid-cap industrial trusts sector, Reuters reported.
3 min read · 07 August 2017
SoftBank Group CEO Masayoshi Son said he was interested in investing in ride-hailing firms Uber Technologies and Lyft but had not made a decision, Reuters reported.
1 min read · 07 August 2017
New York-based startup WeWork on Monday said it will invest $500 million in Southeast Asia and South Korea in its latest effort to tap growing demand for shared office space in Asia, Reuters reported.
1 min read · 07 August 2017
Cenovus Energy Inc has received separate bids from Canadian Natural Resources Ltd, Canadian private equity firm ARC Financial Corp and others for a heavy oil project in Pelican Lake, Alberta, according to people familiar with the matter who told Reuters the project was valued at as much as $1 billion. Calgary-based Cenovus is also in advanced talks to sell another oil project in Suffield, Alberta, which is likely to fetch between $500 million and $600 million. Cenovus has also received strong inbound interest from several energy companies for buying all or parts of separate midstream assets in the Deep Basin. But there was no formal sale process underway for Deep Basin, a region that straddles Alberta and British Columbia.
2 min read · 04 August 2017
Bristol-Myers Squibb Co said it would buy privately held IFM Therapeutics for an upfront payment of $300 million, as the drugmaker looks to bolster its cancer portfolio after losing ground to Merck & Co's rival treatment Keytruda.
1 min read · 04 August 2017
Hong Kong-based bike-sharing platform Gobee.bike has raised $9 million in Series A funding. Grishin Robotics led the round with participation from Alibaba Hong Kong Entrepreneurs Fund, Reuters reported.
2 min read · 04 August 2017
Abu Dhabi’s Mubadala Investment Company on Friday said it sold a 3.9 percent stake in Advanced Micro Devices in its second sale of shares in the U.S.-based semiconductor company this year.
1 min read · 04 August 2017
Payments processing company Paysafe Group has backed a 3 billion pound ($3.9 billion) takeover offer from a consortium of funds managed by Blackstone and CVC Capital Partners, the latest in a string of deals in the sector, Reuters reported.
1 min read · 04 August 2017
Bain Capital Credit said on Friday it had bought a 385 million euro portfolio of non-performing loans from Banca Mediocredito del Friuli Venezia Giulia.
1 min read · 04 August 2017
Buyout group Blackstone (BX.N) is in talks with potential buyers for its 45 percent stake in iconic high-end camera and sport optics maker Leica, sources told Reuters.
2 min read · 03 August 2017
