Wells Fargo & Co. is exploring the sale of its asset-management unit as the biggest banks choose paths of diving deeper into the business or getting out. The Wells Fargo unit could fetch more than $3 billion, according to a person briefed on the matter, who said...
Private equity firms are testing investors’ appetite for returns with new sales of payment-in-kind bonds that offer juicy interest rates but are among the riskiest deals since the Covid crisis began. The re-emergence of PIKs underscores how fixed-income investors are...
Europe’s top soccer leagues are in a state of upheaval. Revenue has plummeted as attendance at matches has been restricted. Broadcasters have demanded rebates for games canceled by the virus. And teams, who in normal times spent much of their revenue buying high...
Link Administration Holdings on Friday rejected a takeover offer of A$2.76 billion ($1.96 billion) from private equity firms Carlyle Group and Pacific Equity Partners, but said it was willing to continue talks over the bid. The shareholder registry firm said it had...
Goldman Sachs Group is betting on data centers. The New York-based firm’s infrastructure arm, part of its merchant bank, agreed to invest an initial $500 million in Global Compute Infrastructure LP, a platform helmed by Scott Peterson, the former chief investment... 