SoftBank has agreed to sell US mobile phone distributor Brightstar in its latest asset disposal, effectively ending the Japanese conglomerate’s status as a significant telecoms operator. The disposal of Brightstar would cement SoftBank’s transition into a global...
Private equity giant Blackstone and holding company Fairfax Financial Holdings Limited have invested $500m into an algorithm-driven insurance syndicate at centuries-old Lloyd’s of London. The investment will boost the insurance marketplace’s plans to modernise with...
A large majority of shareholders in Spanish telecoms firm MasMovil have accepted a private equity bid to take it private in the first major deal of its kind since the coronavirus pandemic struck, the stock market regulator said on Thursday. United States-based funds...
Elliott Management’s Travelport Worldwide is nearing a restructuring settlement that would unwind a disputed $1bn shareholder rescue package and end a standoff with some of Wall Street’s biggest debt buyers, people familiar with the matter said. The settlement, if...
Insurer MetLife Inc. said on Thursday it will buy vision-care benefits company Versant Health for $1.68 billion from an investor group led by Centerbridge Partners and FFL Partners, to strengthen its vision insurance business. The deal, which is expected to close in... 