November 13, 20240 Comments

EU regulators quiz Novo Nordisk, Catalent rivals on $16.5 billion deal By Reuters

By Foo Yun Chee and Maggie Fick BRUSSELS/LONDON (Reuters) – EU antitrust regulators have asked pharma rivals and customers for feedback in four business areas in light of Novo Holdings’ planned $16.5 billion takeover of Catalent (NYSE:), people familiar with the matter said. Novo Holdings is the controlling shareholder of Danish drugmaker Novo Nordisk (NYSE:), whose profits from blockbuster weight-loss drug Wegovy propelled it to become Europe’s most valuable company

Read More
November 12, 20240 Comments

Rivian-Volkswagen joint venture deal up to $5.8 billion

A provided image of Oliver Blume, CEO of Volkswagen Group and RJ Scaringe, founder and CEO of Rivian, as the companies announce joint venture plans on June 25, 2024. Courtesy: Business Wire Rivian Automotive and Volkswagen Group have released details of their previously announced joint venture ahead of the operations launching Wednesday. The companies in a joint press release Tuesday said the size of the deal is now up to

Read More
November 11, 20240 Comments

FTX sues crypto exchange Binance and its former CEO Zhao for $1.8 billion

The estate of collapsed crypto exchange FTX has filed a suit against Binance and its former CEO Changpeng Zhao in an effort to wrest back at least $1.76 billion, citing a “fraudulent” share deal. In a Sunday filing with a Delaware court, FTX cites a 2021 transaction in which Binance, Zhao and others exited their investment in FTX, selling a 20% stake in the platform and a 18.4% stake in

Read More
November 11, 20240 Comments

SoftBank expected to book $1.87 billion profit on IPOs By Reuters

By Anton Bridge TOKYO (Reuters) – Japanese technology investor SoftBank (TYO:) Group is expected to report a 287 billion yen ($1.87 billion) quarterly profit on Tuesday, boosted by successful portfolio company listings even as a stronger yen dampened foreign currency-denominated gains. Analysts are also looking out for signs of new investment momentum driven by SoftBank’s robust balance sheet and management’s bullish stance on artificial intelligence (AI). The net profit forecast

Read More
November 11, 20240 Comments

Australia’s HMC Capital to list data centre trust worth $A4 billion By Reuters

By Scott Murdoch SYDNEY (Reuters) – Australia’s HMC Capital will press ahead with the initial public offering of its data centres business that would be worth $A4 billion, according to its regulatory filings on Monday (NASDAQ:). A deal of that size would be the largest IPO in Australia this year. HMC Capital said the Digico Investment Trust (REIT) would have 13 data centres in its portfolio and 586 customers. Its

Read More
November 8, 20240 Comments

Philadelphia Phillies raise capital at $3 billion valuation

Philadelphia Phillies managing partner and principal owner John Middleton signs autographs prior to the 2024 London Series game between the New York Mets and the Philadelphia Phillies at London Stadium in London on June 9, 2024. Daniel Shirey | Major League Baseball | Getty Images The Philadelphia Phillies recently raised close to $500 million in capital from three new investors in a transaction that values the Major League Baseball team

Read More
  • 1
  • 2