Dealmaking

PE HUB Second Opinion

In Second Opinion, Tumblr will ban all adult content starting on December 17, the stock market will close on Wednesday to honor George H.W. Bush and cigarette marker Altria is reportedly in talks to acquire Canadian cannabis producer Cronos Group.

Deal of the Year Awards

It’s that time again. The days are shorter. The temperature is dropping. And Buyouts is now accepting nominations for its 19th annual Deal of the Year awards, honoring exceptional buyouts that were fully or mostly realized in 2018. The deadline for submissions is Friday, Feb. 22, 2019, but there’s no time like the present to apply.

Private Equity Jobs of the Week: Duff & Phelps, Z Capital, SVB and BelHealth are hiring

This week’s jobs include an M&A managing director at Duff and Phelps, a private equity director at Z Capital and associates at BelHealth and MetLife.

Grab invests $100 million in Indian hotel startup OYO, says source: Reuters

Singapore-based ride-hailing firm Grab has invested $100 million in Indian hotel-reservations startup OYO, a source told Reuters.

Sorrell in advanced talks to buy ad group MightyHive: Reuters

Martin Sorrell’s new company S4 Capital (SFOR.L) said on Monday it was in advanced talks to buy MightyHive, a San Francisco-based programmatic advertising group that partners with major brands.

RPC ends merger talks with Bain, gives Apollo more time for firm offer: Reuters

RPC Group Plc (RPC.L) has ended talks to be taken over by U.S. private equity firm Bain Capital, it said on Monday, leaving Apollo Global Management (APO.N) in the lead to buy Europe’s biggest plastics packager, Reuters reported.

Tencent Music presses play on $1.2 billion U.S. IPO: Reuters

Tencent Music Entertainment launched its hotly-anticipated U.S. initial public offering (IPO) of up to $1.2 billion on Monday after global stock markets were boosted by a truce brokered by U.S. and Chinese leaders in their trade conflict, Reuters reported.

PE HUB Wire Highlights, 12.3.18

Apollo Global loses Tribune Media bid; General Atlantic announces promotions; NEA completes secondary sale of 26 portfolio cos for about $1 bln

Nexstar clinches $4.1 billion deal to acquire Tribune Me: Reuters

Nexstar Media Group Inc has reached an agreement to acquire Tribune Media Co for about $4.1 billion, a deal which would make it the largest local U.S. TV station operator, Reuters reported.

PE HUB First Read

First Read begins the week with news that George H.W. Bush, the 41st U.S. president, dies at 94, Microsoft surpasses Apple as the most valuable public company, and Uber has held talks to buy either Bird or Lime.