Catherine Badour
JD.com Inc’s finance arm has raised at least 13 billion yuan ($1.96 billion) in fresh equity from Chinese investors, doubling its valuation ahead of an expected initial public offering, sources told Reuters.
Uber Technologies Inc’s Chief People Officer Liane Hornsey resigned in an email to staff on Tuesday, following an investigation into how she handled allegations of racial discrimination at the ride-hailing firm, Reuters reported.
Canada Pension Plan Investment Board and Silicon Valley-based investor TCV are buying a stake in Sportradar, valuing the Swiss sports data group at 2.1 billion euros (US$2.5 billion), including debt, the companies said on Monday.
UK private equity firm Better Capital PCC Ltd’s (BCAP.L) sale of airplane parts firm Northern Aerospace Ltd to a Chinese buyer has fallen through after regulators did not issue approval following a probe into national security concerns.
Wireless speaker company Sonos Inc filed for an initial public offering on Friday, riding on the back of increasing popularity of streaming music though smartphone apps on connected audio systems, Reuters reported.
Sak’s Fifth Avenue owner Hudson’s Bay (HBC.TO) confirmed on Friday that it was in talks with Austria’s Signa Holding over a potential joint venture for its European business, Reuters reported.
Generali (GASI.MI) has agreed to sell a majority of its German life insurance unit Generali Leben to private equity-backed Viridium for up to 1.9 billion euros, raising cash for the Italian insurer that could be used for targeted acquisitions, Reuters reported.
Creditor banks will extend a loan of up to $4 billion to the special purpose vehicle (SPV) they are creating to take over 55 percent of Turk Telekom as part of debt restructuring talks, sources told Reuters.
Archer Daniels Midland Company (ADM) (ADM.N) is in exclusive talks to take over French animal feed business Neovia for 1.5 billion euros ($1.75 billion) as part of the U.S. farm giant’s strategy to expand in the fast growing animal nutrition sector, Reuters reported.
Chinese online group discounter Pinduoduo has filed with US authorities for an initial public offering (IPO) which, according to IFR, could raise up to $1 billion.