by Sebastian | Mar 12, 2020 | News
Chinese gaming company Beijing Kunlun Tech Co Ltd (300418.SZ) said on Friday that it has agreed to sell Grindr LLC, a popular gay dating app it acquired in 2016, for about $608.5 million. The deal comes after a U.S. government panel asked Kunlun to divest itself of...
by Sebastian | Mar 12, 2020 | News
It’s a ripe time for buyout titans — if they can rustle up the financing to take advantage. The stock market’s severe downturn is making takeover targets cheap again after a decade-long rally left buyout firms with record war chests. With interest rates getting...
by Sebastian | Mar 12, 2020 | News
Largest takeovers do not always generate the biggest returns When a group of private equity firms struck a €17.2bn deal to buy Thyssenkrupp’s lifts business last month — even as global stocks whipsawed on fears about the coronavirus outbreak — it became one of the...
by Sebastian | Mar 12, 2020 | News
The billionaire co-owner of the Ritz in London, Frederick Barclay, said suitors have submitted “a number of competing offers” in excess of one billion pounds ($1.3 billion) for the hotel, the Press Association reports, citing a statement. “There is no place for any...
by Sebastian | Mar 12, 2020 | News
More than 250 private equity firms operating in France have pledged that women will make up 40% of their investment teams within a decade, according to the country’s leading industry association. The companies also committed to putting women in at least a quarter of...
