Wirecard Explored Deutsche Bank Tie-Up in 2019

Wirecard Explored Deutsche Bank Tie-Up in 2019

Before its meltdown in an accounting scandal, Wirecard AG toyed with a deal to vault into the global financial elite. The embattled payments-processing company last year considered a tie-up with Deutsche Bank AG and even approached the lender with the idea, according...
Ackman’s Blank Check Company Could Raise Up to $6.45 Billion

Ackman’s Blank Check Company Could Raise Up to $6.45 Billion

Bill Ackman’s blank check company is seeking to raise as much as $6.45 billion through an initial public offering combined with a commitment from the billionaire’s hedge fund. The company known as Pershing Square Tontine Holdings Ltd. doesn’t specify what sectors it...

Bridgepoint acquires EQT’s credit business

EQT has sold its €4 billion credit division to London-based Bridgepoint. EQT Credit will be combined with  the buyer’s own credit business to create an entity with around €7 billion in assets under management. The deal will boost the Bridgepoint’s presence...
Jio rakes in another $1.5B from Saudi Arabia’s PIF

Jio rakes in another $1.5B from Saudi Arabia’s PIF

Saudi Arabia’s Public Investment Fund will inject 113.7 billion rupees (about $1.5 billion) in Jio Platforms, the digital unit of Indian telecom company Reliance Industries. The investment represents a 2.32% stake and gives Jio an equity valuation of 4.91...