Mergers and Acquisitions Divestments

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  • In February, Baidu received an offer for its 80.5 percent stake in iQiyi from Robin Li and Yu Gong, the chief executives of Baidu and iQiyi, respectively. The offer valued the whole of iQiyi, China's second-biggest online video provider, at $2.8 billion on a cash- and debt-free basis. "We worry that embracing what is an inherent conflict of interest will lead to damage...

  • In February, Baidu received an offer for its 80.5 percent stake in iQiyi from Robin Li and Yu Gong, the chief executives of Baidu and iQiyi, respectively. The offer valued the whole of iQiyi, China's second-biggest online video provider, at $2.8 billion on a cash- and debt-free basis. "We worry that embracing what is an inherent conflict of interest will lead to damage...

  • A 'To Let' letting sign is seen displayed outside a rental property in an area that is popular for buy-to-let properties

    Bargain-hunters circling the U.K. property market after the post-Brexit plunge in sterling stand to get their fingers burned, analysts say.

  • July 11- Thomson Reuters Corp on Monday said it agreed to sell its intellectual property and science business to private equity firms Onex Corp and Baring Private Equity Asia for $3.55 billion in cash. Analysts have estimated that the business would be valued at more than $3 billion, or more than 10 times EBITDA. Guggenheim Securities and J.P. Morgan Securities...

  • AMSTERDAM, July 1- Rabobank said on Friday it had agreed to sell its Athlon car leasing business to Daimler Financial for 1.1 billion euros. Daimler plans to integrate Athlon, which manages a fleet of 250,000 vehicles in 11 European countries, into its own Daimler Fleet Management. Athlon is part of Rabobank's DLL unit, one of the world's largest vendor financing...

  • June 20- Wal-Mart Stores Inc said on Monday it plans to sell its Chinese e-commerce business Yihaodian to Chinese online retailer JD.com Inc for a 5 percent equity stake in JD.com, a strategic alliance that aims to expand WalMart's reach in China to more customers. Shares of Wal-Mart rose 26 cents, or 0.4 percent, to $71.21 in afternoon New York Stock Exchange...

  • June 20- Wal-Mart Stores Inc said on Monday it would sell its Chinese e-commerce business, Yihaodian, to China's JD.com Inc and create a strategic alliance that could help boost Wal-Mart's business in China. Walmart's China stores will be listed as a preferred retailer on JD.com' s crowd-sourced platform, O2O JV Dada. Walmart's financial adviser on the deal was...

  • June 20- Wal-Mart Stores Inc said it would sell its Chinese e-commerce business, Yihaodian, to China's JD.com Inc.. Under the deal, JD.com will issue about 145 million new class A shares to Wal-Mart, representing about 5 percent of its total shares. Wal-Mart took a stake in Yihaodian, which caters to affluent female customers, in 2011 before taking full ownership in...

  • June 20- Wal-Mart Stores Inc is in talks to sell its Chinese e-commerce business, Yihaodian, to JD.com Inc, the Wall Street Journal reported, citing people familiar with the situation. The exact terms of the proposed deal are unclear and discussions remain fluid, but one of the people said it could include a broader partnership between Wal-Mart and JD.com,...

  • The sale could fetch around $800 million and help Canada's biggest energy company pay down debt incurred by recent acquisitions, the people said this week. Calgary, Alberta- based Suncor, which merged with Petro-Canada in 2009, is working with Bank of America Corp on the sale process, said the sources, asking not to be identified because the matter is...

  • TV station operators, has launched an auction to divest its digital and data business in a sale it hopes will fetch at least $800 million, according to three people familiar with the matter. The move represents the first asset sale by Tribune Media after it announced in February that it had hired investment banks Moelis& Co and Guggenheim Securities to explore...

  • BRIEF-LSE GROUP SAYS COMPLETED SALE OF FRANK RUSSELL'S ASSET. *Expected net proceeds to be realised by LSEG will be approximately us $920 million, as previously indicated,. *Has received cash proceeds at closing, net of payment of tax on gains, of approximately $650 million.

  • LONDON, June 1- Barclays has completed the sale of its Italian insurance business to CNP Assurances, the British lender said on Wednesday. The deal will see Barclays transfer 700 million euros worth of assets under management to the buyer, Barclays said, as the bank continues to dispose of assets under a plan to shrink its size and increase profits.

  • *Between $5 bln and $6 bln to be sold to institutional investors. *Alibaba will buy $2 bln worth of stock. June 1- SoftBank Group Corp said it will sell at least $7.9 billion of shares in Alibaba Group Holding Ltd- a move that will cut the Japanese firm's debt amid worries about losses at its U.S. telecoms unit Sprint Corp.

  • *Yusuf Alireza moving on after transformation- company. SINGAPORE, May 30- Embattled commodity trader Noble Group announced the surprise resignation of CEO Yusuf Alireza on Monday and said it planned to sell a U.S. unit to bolster its balance sheet as it seeks to regain investor confidence. It appointed senior executives William Randall and Jeff Frase as...

  • Yahoo signage at their headquarters in Sunnyvale, California.

    The auction for Yahoo's core business may draw bids several billion dollars below previous estimates, the WSJ reported Thursday, citing sources.

  • SAO PAULO, May 12- State-controlled Petróleo Brasileiro SA has entered exclusive talks with Brookfield Asset Management Inc over the sale of natural gas pipeline unit Nova Transportadora do Sudeste SA, as part of a plan to dispose of $15 billion of non-essential assets by year-end. In a Thursday securities filing, Petrobras, as Brazil's state oil producer is...

  • LONDON/ FRANKFURT, May 11- European travel group TUI is to sell its specialist adventure and education holiday brands to focus on its main mass market tourism business and plans to use proceeds from disposals for future growth. These M&A deals are the latest step by TUI management to reshape the tourism group which was created in 2014 by the merger of London-...

  • *Bidders include Canada pension fund, SALIC and Qatar. Bidders include a different Canadian pension fund, state-backed Saudi Agricultural and Livestock Investment Co and Qatar's sovereign wealth fund, the sources said. Last month, CPPIB agreed to buy a 40 percent stake in the unit for $2.5 billion, placing the equity value of the business at $6.25 billion.

  • May 5- Telus Corp, one of Canada's three big telecom providers, said it would sell a 35 percent stake in outsourcing service provider Telus International in a deal that values the unit at C $1.2 billion. The company said it would sell the business to Baring Private Equity Asia and use proceeds of about C $600 million to expand its wireless and wireline networks in...