Catherine Badour
Chinese smartphone and connected device maker Xiaomi is bringing its blockbuster initial public offering to Hong Kong, where it could raise about $10 billion in the largest listing globally in almost four years, Reuters reported.
Buyout firm Apollo Global Management LLC (APO.N) has approached Xerox Corp (XRX.N) to express interest in a possible acquisition, casting new uncertainty over the U.S. printer company’s $6.1 billion sale to Japan’s Fujifilm Holdings (4901.T), sources told Reuters.
The global social media movement known through the Twitter hashtag #MeToo has highlighted sexual misconduct in business, entertainment and politics, and will be on the agenda at this year’s Milken Institute Global Conference, which starts on Sunday.
Private equity firm Lantern Capital is nearing a deal to acquire the Weinstein Company, the TV and film studio whose former chairman Harvey Weinstein faces sexual assault claims, with a $310 million offer, sources told Reuters.
Private equity firm Permira [PERM.UL] said on Tuesday it is buying back Cisco System’s (CSCO.O) video software unit, six years after it sold the business to Cisco for $5 billion.
Marriott Vacations Worldwide Corp (VAC.N) will buy timeshare operator ILG Inc (ILG.O) for $4.7 billion, the companies said on Monday, grabbing the chance to merge operations and brands spun out of Starwood and Marriott hotels.
BlackRock Inc said on Monday it is hiring two specialists from Goldman Sachs Group Inc to bolster its private equity business in New York, according to a staff memo.
Tencent Music Entertainment Group, China’s largest music-streaming company, has invited investment banks to pitch next week for a role in a U.S. IPO worth up to $4 billion, IFR reported on Monday, citing people familiar with the plans.
Sainsbury’s has agreed to buy Walmart’s Asda for about 7.3 billion pounds ($10 billion) to create Britain’s biggest supermarket group by market share, overtaking long-standing industry leader Tesco, Reuters reported.
T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) said on Sunday they had agreed to a $26 billion all-stock deal and believed they could win over skeptical regulators because the merger would create thousands of jobs and help the United States beat China to creating the next generation mobile network.