Business

  • 31.08.2020
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Blackstone Nears Deal to Buy Stake in Allcargo’s Unit

The private equity firm will buy stake for 3.8 billion rupees | Allcargo Logistics’ board approved the investment on Monday

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  • 31.08.2020
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Visa set to buy Plaid, the fintech that powers apps like Betterment and Venmo, for $5.3 billion

Visa announced on Monday it has agreed to buy fintech startup Plaid for $5.3 billion. | Plaid raised $250 million in a Series C in December 2018, which Visa participated in, at a reported va...

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  • 31.08.2020
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Kraft Heinz sells its Canadian division to Parmalat

Kraft Heinz has announced the sale of Parmalat’s Canadian cheese division. This was said in a statement.

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  • 31.08.2020
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Ford buying San Francisco-area e-scooter startup Spin

Ford Motor Co said Thursday it will join the mushrooming micro-mobility movement with the acquisition of 2-year-old Spin, an electric scooter rental firm based in San Francisco.

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  • 31.08.2020
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Exclusive: Agribusiness giant ADM made buyout approach to Argentina

Top U.S. grain merchant Archer Daniels Midland Co has approached Argentine soy crusher Molinos Agro about buying the company’s livestock feed and soyoil manufacturing plant, and talks may co...

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  • 31.08.2020
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Fortune Magazine to Be Sold to Thai Businessman for $150 Million

The sale to Chatchaval Jiaravanon gives the business publication a new owner for the second time this year

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  • 31.08.2020
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Bristol-Myers to buy Celgene for $74 billion in largest biopharma deal

Bristol-Myers Squibb Co. said on Thursday it would buy Celgene Corp. for about $74 billion, combining two of the world’s largest cancer drug businesses in the biggest pharmaceutical deal eve...

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  • 31.08.2020
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CommScope acquires Arris for $ 7.4 billion

CommScope, an American manufacturer of communications equipment, has agreed to purchase its competitor Arris International.

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  • 31.08.2020
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Titanic Hotels became the owner of Turkish Mardan Palace

The owner of the Turkish Mardan Palace became Titanic Hotels. This was reported by the Association of Tour Operators of Russia (ATOR).

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  • 31.08.2020
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SAP to buy customer sentiment tracker Qualtrics for $8 billion

Germany’s SAP said on Sunday it was buying Qualtrics International Inc for $8 billion in cash, pre-empting a planned stock market listing by the U.S.-based company that specializes in survey...

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  • 31.08.2020
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Apptio to go private in $1.94 billion with Vista Equity Partners

Software company Apptio Inc said on Sunday it agreed to be bought by private equity firm Vista Equity Partners for $1.94 billion in cash, two years after going public.

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  • 31.08.2020
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Veritas Capital, Elliott clinch $5.5 billion acquisition of Athenahealth: sources

Private equity firm Veritas Capital and hedge fund Elliott Management have agreed to acquire U.S. healthcare software maker Athenahealth Inc for $5.5 billion in cash, people familiar with th...

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  • 31.08.2020
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Diageo Sells Seagram's VO to Sazerac in $550 Million Deal

Diageo Plc agreed to sell Seagram’s VO whiskey and 18 other brands to closely held U.S. distiller Sazerac Co. for $550 million as the maker of Johnnie Walker focuses on higher-end labels.

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  • 31.08.2020
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Johnson Controls sells its power business to Brookfield in $13 billion deal

Johnson Controls International Plc said on Tuesday it would sell its power solutions business, which makes car batteries, to investment firm Brookfield Business Partners L.P., in a cash deal...

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  • 31.08.2020
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WeWork gets $3 billion in new funding from SoftBank

U.S. shared office space provider WeWork Cos has secured an additional $3 billion in funding from Japan’s SoftBank Group Corp, according to an investor presentation seen by Reuters.

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  • 31.08.2020
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Dan Gilbert to Sell Detroit Casino for $1 Billion

Quicken Loans Inc. founder Dan Gilbert agreed to sell his Detroit casino to Penn National Gaming Inc. and Vici Properties Inc. in a deal valued at $1 billion.

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  • 31.08.2020
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BlackBerry to buy cybersecurity firm Cylance for $1.4 billion

BlackBerry Ltd said on Friday it will acquire Cylance, an artificial intelligence and cybersecurity company, for $1.4 billion in cash to help expand its QNX unit that makes software for next...

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  • 31.08.2020
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Warburg Pincus plans to raise up to $4 billion for new China fund: sources

Warburg Pincus LLC is looking to raise its second China-focused private equity fund of up to $4 billion, giving the U.S. investment firm more firepower to cut deals in the world’s second-lar...

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  • 31.08.2020
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Tycoon Mistry Plans $1 Billion Share Offer Amid Rare Sales

India’s Shapoorji Pallonji Group plans to seek about $1 billion by bringing outside investors into its solar unit, as it embarks on a series of asset sales across the 153-year-old conglomera...

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  • 31.08.2020
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Johnson & Johnson makes $2.1 billion offer to buy out Japan cosmetics firm Ci:z Holdings Co

U.S. healthcare conglomerate Johnson & Johnson said on Tuesday it will buy all outstanding shares of Japanese skincare firm Ci:z Holdings Co Ltd that it does not already own for 230 billion...

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