In a statement German stock exchange operator Deutsche Boerse said, it is in the process of acquiring a two-thirds stake in Swiss fintech Crypto Finance, in a move aimed at expanding its offering for digital assets. Deutsche Boerse did not… Read More ›
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Pershing Square Tontine Holdings signs SPAC deal to purchase 10% stake in Universal Music Group
In a joint statement, Pershing Square Tontine Holdings along with Universal Music Group (UMG) said, William Ackman’s company has signed a deal to purchase a 10% stake in UMG. “As announced, the transaction is based on an enterprise value of… Read More ›
EIG Global Energy Partners led consortium acquires 49% stake in Aramco’s pipeline business for $12.4 billion
In a statement U.S.-based EIG Global Energy Partners said, a consortium led by it has closed a deal to acquire a 49% stake in Saudi oil giant Aramco’s pipelines business for $12.4 billion. The co-investment process for the deal attracted… Read More ›
Blackstone closing in to acquire office developer Hong Kong listed Soho China
According to a report from Bloomberg News, Blackstone Group Inc is closing in on a deal to acquire office developer Soho China Ltd in what could be its biggest real estate investment in China. Hong Kong-listed Soho China could be… Read More ›
Deloitte PLT paid $80M to settle its role in 1MDB scandal
On Thursday, in a statement Malaysia’s Ministry of Finance said, it had received $80 million from audit firm Deloitte PLT, as part of a settlement deal related to 1Malaysia Development Berhad (1MDB) scandal. It went on to add, it is… Read More ›
KKR acquires Britain’s John Laing Group for $2.84 billion, takes it private
On Wednesday, in a statement KKR, a private equity firm, said it aims to acquire John Laing Group in a deal that values the British infrastructure investor at around $2.84 billion (2 billion pounds). The development makes John Laing the… Read More ›
Apollo Global Management Inc close to acquiring Verizon Communications Inc’s media assets worth $5 billion
As per a source familiar with the matter at hand, Apollo Global Management Inc is closing in on a deal to acquire the media assets of Verizon Communications Inc in a deal that could be valued close to $5 billion. Earlier on… Read More ›
Fox Corp sues Flutter Entertainment over dispute in sports betting firm FanDuel
In a statement Fox Corp said, it had filed a lawsuit against Flutter Entertainment for exercising its option to buy a 18.6% stake in U.S. sports betting firm FanDuel Group. According to a report from CNBC, while Fox wants to… Read More ›
Rolls Royce pauses Bergen Engines sale to Russia’s TMH Group controlled company
In a statement British engine maker Rolls-Royce said, it had paused the planned sale of its Bergen Engines to a company controlled by Russia’s TMH Group after an intervention by Norway. Norway’s NSM security agency is assessing the $178 million… Read More ›
GE nears $30 billion-plus deal to combine aircraft-leasing business with Ireland’s AerCap Holdings NV
According to sources familiar with the matter at hand, General Electric Co is closing in on a $30 billion-plus deal to combine its aircraft-leasing business with Ireland’s AerCap Holdings NV, reported the Wall Street Journal. While details of the manner… Read More ›