Yahoo Inc (YHOO.O) is focusing on U.S. telecommunications company Verizon Communications Inc (VZ.N) as the buyer of its core business after reviewing final bids that it received this week, sources told Reuters.
Chinese state-owned conglomerate China Resources Group and Australian bank Macquarie Group Ltd plan to buy majority control of GenesisCare Ltd, laying the groundwork for Australia’s biggest cancer and cardiac services provider to expand into the world’s second-largest economy, Reuters reported.
Verizon Communications Inc (VZ.N) is the lead bidder to acquire Yahoo Inc‘s (YHOO.O) core business, Bloomberg reported on Friday.
Swedish private equity group EQT has put up for sale part of the real estate services business it bought from Germany’s Bilfinger for 1.2 billion euros ($1.3 bln) less than two months ago, sources told Reuters.
An investment arm of French luxury goods giant LVMH (LVMH.PA) said it took a minority stake in South Korea’s CLIO Cosmetics, swelling the ranks of global investors placing a bet on booming demand for Korean beauty products in major markets like China, Reuters reported.
The Bank of Italy has received at least three binding offers for four small Italian banks that were rescued from bankruptcy in November after a deadline to submit bids expired on Thursday afternoon, a source told Reuters.
British asset manager Intermediate Capital posted a first-quarter 1 percent rise in assets under management to 21.9 billion euros ($24.16 billion) on Thursday and said Britain’s vote to leave the European Union could cut short-term investment.
Blackstone Group LP (BX.N), the world’s largest alternative asset manager, reported higher-than-expected economic net income of 44 cents per share for the second quarter, helped by strong real estate investments and a rebound in energy prices, Reuters News reported.
Developer China Vanke Co Ltd (2202.HK) said on Thursday it and its partners have sealed a $1.9 billion deal with Blackstone Group LP (BX.N) and third parties, with itself putting in 3.89 billion yuan ($583.02 million) to buy their property firms, Reuters News reported.
Private equity firm First Reserve has put up for sale a number of solar plants in Italy with a combined capacity of 101 megawatts drawing bids each worth around 100 million euros ($110 mln), sources told Reuters.
European private equity house BC Partners [BCPRT.UL] is in exclusive talks to buy a majority stake in Israeli furniture maker Keter Plastic in a deal that could value Keter at nearly $1.6 billion, a source told Reuters.
Pacific Investment Management Co (PIMCO) has poached Emmanuel ‘Manny’ Roman from Man Group (EMG.L), the world’s biggest listed hedge fund, as it tries to reverse a slump in fortunes since co-founder Bill Gross left in 2014, Reuters reported.
Unilever Plc (ULVR.L) said it has agreed to buy U.S.-based men’s grooming brand Dollar Shave Club in a deal that would expand the consumer goods group’s catalog of personal care products, Reuters News reported.
Warburg Pincus LLC has agreed to invest in U.S. environmental testing and sanitation company Hygiena LLC, the private equity firm said on Wednesday, gaining exposure to a business that grew sharply over the past decade, Reuters News reporting.
Goldman Sachs Group Inc (GS.N) reported a higher second-quarter profit on Tuesday, as it benefited from a sharp decline in expenses and more activity in some parts of the fixed-income markets, but most of its businesses came under pressure.
Online student loan company CommonBond said on Tuesday that it had raised $30 million in new funding, including from the private equity arm of investment manager Neuberger Berman.
The son of a former United Parcel Service Inc executive was sentenced on Monday to a year in prison for orchestrating a fraudulent scheme in which he impersonated his successful father to raise money to buy the men’s magazine Maxim, Reuters News reported.
A Berkshire Hathaway Inc (BRKa.N) unit has agreed to buy Medical Liability Mutual Insurance Co, expanding billionaire investor Warren Buffett‘s business of protecting doctors, dentists and other healthcare professionals against lawsuits, Reuters News reported.