Chinese ride-hailing company DiDi Chuxing is investing an undisclosed amount in Estonian online taxi firm Taxify to help it expand in Europe and Africa, where it has gained share in some cities against U.S. player Uber, Reuters reported.
2 min read · 01 August 2017
Energy Transfer Partners L.P. (ETP.N) said on Monday it would sell a 32.44 percent stake in a firm associated with the Rover pipeline project to Blackstone funds for about $1.57 billion.
2 min read · 01 August 2017
Private equity firm TPG said on Tuesday it would lead a $15 million funding round for Tel Aviv-based cyber security firm GuardiCore through its growth investment arm.
2 min read · 01 August 2017
Germany's Volocopter said it has received 25 million euros ($30 million) in funding to develop an electric flying taxi, with car and truck maker Daimler among the firms providing fresh cash.
1 min read · 01 August 2017
Charter Communications Inc's shares surged to a record high on Monday after a source said Japan's SoftBank Group Corp was considering an acquisition offer, even as Charter shot down the possibility of it being the acquirer in any merger with SoftBank's U.S. wireless carrier, Sprint Corp, Reuters reported.
3 min read · 01 August 2017
The bloom is off seed funding, the business of providing money to brand-new startups, as investors take a more measured approach to financing emerging U.S. technology companies, Reuters reported.
5 min read · 01 August 2017
British payments firms Worldpay said on Tuesday that its U.S. suitor Vantiv has been granted a week-long extension to Aug. 8 to make a firm takeover bid or walk away for six months, Reuters reported.
2 min read · 01 August 2017
India's Snapdeal said it had decided to remain independent and was ending all talks regarding a sale, bringing the curtain down on months of discussions around a possible acquisition of the e-commerce business by bigger rival Flipkart, Reuters reported. The board of Jasper Infotech, which runs Snapdeal, had agreed in principle to Flipkart's revised buyout bid of up to US$950 million and a deal was pending approval of smaller shareholders, Reuters previously reported. But obstacles remained with sources saying founders Kunal Bahl and Rohit Bansal were considering an alternate path. Snapdeal's investors include Ontario Teachers' Pension Plan, which led a US$200 million financing of the company last year.
3 min read · 31 July 2017
Bahrain-based Investcorp said on Monday it has appointed Mohamed El-Erian, one of the biggest names in financial markets, to join its international advisory board.
1 min read · 31 July 2017
Diagnostics company Laboratory Corp of America Holdings (LH.N) said on Monday it would buy privately owned contract research organization (CRO) Chiltern International Ltd for nearly $1.2 billion in cash to expand its oncology offerings.
1 min read · 31 July 2017
