The dearth of mega deals comes as countries across the world have shut down large swathes of their economies as they battle the COVID-19 pandemic that has infected over 2.33 million people and claimed 165,000 lives. Worldwide merger activity so far this year is down...
Expedia Group Inc. is in advanced talks to sell a stake to private-equity firms Silver Lake and Apollo Global Management Inc. APO, +2.70% after the widespread travel bans caused by the coronavirus pandemic ravaged the online-booking company’s business....
Tallgrass Energy shareholders on Thursday backed a buyout by a Blackstone-led group that valued the U.S. oil pipeline operator at $6.3 billion, a rare case of a pre-market crash deal going ahead without a price cut. Terms were struck ahead of this year’s collapse in...
Buyout firms are halting sale processes for European technology companies worth nearly $20 billion, as the market turmoil starts to crimp dealmaking in an industry that’s been a bright spot amid the coronavirus pandemic. Buyout firms are halting sale processes for...
Dan Loeb’s Third Point said its bets on Prudential Plc, Ray-Ban maker EssilorLuxottica SA and Sony Corp. were a drag in the first quarter and contributed to a 16% decline on investments along with a bad bet on the aerospace sector. The New York-based hedge fund has... 