How to Pull Off a $39 Billion Merger During a Lockdown

How to Pull Off a $39 Billion Merger During a Lockdown

A good month before China alerted health authorities to an unknown respiratory virus spreading through Hubei province, executives from Telefonica SA in Madrid and Liberty Global Plc in Denver began to assemble an audacious merger plan. The two communications...
Envision Pharma’s Private Equity Owners Weigh Sale

Envision Pharma’s Private Equity Owners Weigh Sale

Envision Pharma Group’s private equity owners are considering a sale of the medical communications company in a deal that could value the business at more than $500 million, people with knowledge of the matter said. Ardian SAS and GHO Capital are speaking with...
The Best — And Worst — Private Equity Vintages

The Best — And Worst — Private Equity Vintages

Private equity funds raised in 2016, 2017, and 2018 will likely endure the greatest damage from the current economic downturn, according to eFront, a BlackRock-owned financial software and research company. But funds closed in 2020 may fare quite well as they invest...
Amazon Weighs Direct Investment in India’s Future Retail

Amazon Weighs Direct Investment in India’s Future Retail

Amazon.com Inc. is considering adding to its investment in Future Retail Ltd. as the debt-ridden Indian retailer battles a cash crunch, according to people familiar with the matter. Amazon, which holds an indirect stake of 1.3% in Future Retail, is in talks with the...
Virgin Media, O2 Combine to Create $38 Billion Heavyweight

Virgin Media, O2 Combine to Create $38 Billion Heavyweight

Telefonica SA and Liberty Global Plc have agreed to create the U.K.’s largest phone and internet operator, a deal that threatens its rivals and marks another industry-defining merger for billionaire John Malone. The deal values the new company at 31 billion pounds...