Catherine Badour
AppLovin has tweaked a $1.4 billion agreement to sell itself to Chinese buyout firm Orient Hontai Capital into a debt investment, the U.S. mobile marketing firm said on Tuesday, after the U.S. government pushed back against the original deal.
Standard Chartered (STAN.L) is close to selling its real estate principal finance unit to private equity firm Actis, sources told Reuters, following the bank’s decision last year to exit the loss-making business.
Financial technology company Ion Investment Group said on Wednesday it would buy a controlling stake in Dealogic, which provides financial content and analytics, from Carlyle Group LP (CG.O) and Britain’s Euromoney Institutional Investor, Reuters reported.
Private equity firm EQT is buying a stake of about 40 percent in music company Epidemic Sound, it said on Tuesday without disclosing further financial details of the deal.
Skylark Co (3197.T) on Tuesday said Bain Capital would sell its 15-percent stake in the Japanese restaurant chain in the market, ending a six-year relationship between the firms, Reuters reported.
U.S. fund Cerberus Capital Management is among potential investors interested in Italian bank Creval’s turnaround plan but it is too early to say whether it will also commit to buying into the lender’s planned share issue, a source told Reuters.
Chipmaker Marvell Technology Group Ltd (MRVL.O) said on Monday it would buy smaller rival Cavium Inc (CAVM.O) for about $6 billion, as it seeks to expand its wireless connectivity business in a rapidly consolidating semiconductor industry, Reuters reported.
Advertising company WPP PLC (WPP.L) has agreed to a $1.35 billion tender offer from Bain Capital LLC for Japanese peer Asatsu-DK Inc (9747.T), of which it owns 25 percent, an about-face that heralds an end to a soured partnership, Reuters reported.
Bitcoin hit a new record high on Monday after smashing through the $8,000 (£6,043.6) level for the first time over the weekend, marking an almost 50 percent climb in just eight days, Reuters reported.