Catherine Badour
Private equity firm Blackstone Group LP (BX.N) is readying an initial public offering (IPO) of Alight Solutions LLC, a U.S. provider of healthcare and retirement benefits services that could be valued at more than $7 billion, including debt, Reuters reported.
Financial news provider TheStreet Inc on Thursday said it will sell its B2B business units, The Deal and BoardEx, to London-based Euromoney Institutional Investor Plc for $87.3 million, as it explores wider options for the company, Reuters reported.
New Zealand’s e-commerce leader Trade Me Group (TME.NZ) on Wednesday received a NZ$2.56 billion ($1.77 billion) takeover offer from a U.S.-based private equity firm, a higher bid than one from a London-based counterpart last month, Reuters reported.
GlaxoSmithKline has agreed to buy U.S. cancer specialist Tesaro for $5.1 billion, a costly investment to rebuild the pharmaceuticals business by new Chief Executive Emma Walmsley that unnerved investors, Reuters reported.
TIBCO Software Inc, a large privately-held business software provider, is acquiring French data management company Orchestra Networks in a move that will bolster its ability to help clients organize customer data, sources told Reuters.
The sale of a stake in German public-sector bank NordLB is facing delays as bidders Cerberus and Apollo (APO.N) were asked to elaborate on their offers, sources told Reuters.
Marlboro cigarette maker Altria Group Inc is in discussions with Canadian cannabis producer Cronos Group Incabout making a possible investment, Reuters reported.
Singapore-based ride-hailing firm Grab has invested $100 million in Indian hotel-reservations startup OYO, a source told 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 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.