Private Equity
First Read ushers in the day with news that Hellman & Friedman makes a $1.8 billion bid to acquire New Zealand's Trade Me Group, the White House backs off privatizing the U.S. Postal Service, and NYC becomes the first city to set a minimum wage for Uber and Lyft drivers.
1 min read · 05 December 2018
2 min read · 04 December 2018
New Zealand’s e-commerce leader Trade Me Group (TME.NZ) on Wednesday received a NZ$2.56 billion ($1.77 billion) takeover offer from a U.S.-based private equity firm, a higher bid than one from a London-based counterpart last month, Reuters reported.
1 min read · 04 December 2018
2 min read · 04 December 2018
In Second Opinion, Hulu is set to top 23 million subscribers by the end of the year, Thomson Reuters will be cutting 3,200 jobs by 2020 and the stock market tumbles over 700 points as investors' fears about the U.S-China truce return.
1 min read · 04 December 2018
GlaxoSmithKline has agreed to buy U.S. cancer specialist Tesaro for $5.1 billion, a costly investment to rebuild the pharmaceuticals business by new Chief Executive Emma Walmsley that unnerved investors, Reuters reported.
3 min read · 04 December 2018
TIBCO Software Inc, a large privately-held business software provider, is acquiring French data management company Orchestra Networks in a move that will bolster its ability to help clients organize customer data, sources told Reuters.
1 min read · 04 December 2018
The sale of a stake in German public-sector bank NordLB is facing delays as bidders Cerberus and Apollo (APO.N) were asked to elaborate on their offers, sources told Reuters.
2 min read · 04 December 2018
SEC slaps once high-flying BDC manager Fifth Street; Why regulatory due diligence is essential in healthcare PE deals; Wall Street freezes out women in #metoo backlash
2 min read · 04 December 2018
Marlboro cigarette maker Altria Group Inc is in discussions with Canadian cannabis producer Cronos Group Incabout making a possible investment, Reuters reported.
2 min read · 04 December 2018
