Reuters News

NEW YORK, May 3 (Reuters) – Private equity firm Cerberus Capital Management and Chatham Lodging Trust won an auction for the bulk of the hotels owned by bankrupt Innkeepers USA Trust, according to sources familiar with the matter. The pair will pay $1.12 billion for 64 of the chain’s hotels, according to two of the […]

NEW YORK, May 2 (Reuters) - Insight Communications Co, controlled by The Carlyle Group, is expected to receive first-round bids over the next two weeks as part of its sale process, three sources familiar with the situation said. The country's ninth-largest cable operator in the United States had hired Bank of America Merrill Lynch and UBS AG in March to run the company sale process.

NEW YORK, May 2 (Reuters) – JPMorgan Chase & Co. lost two West Coast technology investment bankers to competing firms last week, according to a source familiar with the matter. Mark Solomons, a managing director who was responsible for technology mergers and acquisitions at JPMorgan, will be joining Morgan Stanley’s technology group in Menlo Park, […]

NEW YORK (Reuters) - Final buyout bids for Warner Music Group are due on Monday and the company could be sold by the end of the week in a deal valued at over $3 billion, according to a person familiar with the matter. The third round of bids is led by two competing financial groups Len Blavatnik's Access Industry and a joint bid by Tom and Alec Gores' Platinum Equity and Gores Group, according two people.

(Reuters) – A group of Facebook shareholders is seeking to offload $1 billion worth of shares on the secondary market, a sale that would value the company at more than $70 billion, according to five sources with direct knowledge of the situation. It would represent one of the largest transactions of Facebook shares to date […]

(Reuters) – New York elected officials, lobbyists and placement agents will be permanently barred from dealing with the state’s pension fund under new rules Governor Andrew Cuomo proposed on Tuesday. “The pension fund should be kept pure, and money belonging to taxpayers should not be the plaything of elected officials,” said the freshman Democratic governor. […]

(Reuters) – Zynga, the social games company, has poached the chief operating officer of Electronic Arts Inc, sources familiar with the matter said on Tuesday. The executive, John Schappert, will head up Zynga’s game division, one of the sources said. Zynga, which has enjoyed explosive growth with games such as FarmVille and CityVille, is gaining […]

BANGALORE/NEW YORK, April 26 (Reuters) – Lawson Software Inc has agreed to be bought by private equity firm Golden Gate Capital in a cash deal valuing the business software maker at about $2 billion, weeks after hiring bankers to look into a possible sale. Mid-sized business software makers are looking to consolidate in a bid […]

SINGAPORE, April 18 (Reuters) - Black River, the private equity arm of U.S. agribusiness and trading giant Cargill, is raising a $400 million fund to invest in firms that will benefit from rising Asian demand for meat and vegetables. The proposed Black River Capital Partners (Food) Fund, which has already received about $200 million in commitments, expects to invest about half the money in China, where people are eating more protein and fruits and less cereal and tubers.

SHANGHAI, April 21 (Reuters) - Chinese online video website Tudou Holdings is still planning to go public in the United States and is on schedule for its listing, a company spokeswoman told Reuters, after rumors circulated in the market that the company could be up for sale to a rival. The company’s backers include Temasek Holdings, IDG Technology Venture Investment, Granite Global Ventures, General Catalyst Partners, Jafco Asia, KTB Ventures and JAIC....