Billionaire Jack Ma’s Ant Group generated about $2 billion of profit in the December quarter, underpinned by its push to help Chinese lenders dole out money to the country’s under-banked consumers. The finance giant generated about $721 million in profit for Alibaba...
CVC Capital Partners has completed its acquisition of a 28% stake in the Pro 14 rugby league in a deal that will likely increase the private equity firm’s influence in ongoing discussions to remodel the global rugby calendar. The company already has a minority stake...
Liquidnet Holdings Inc., an operator of private trading venues, is exploring a sale that could value the company at about $1 billion, according to people familiar with the matter. The New York-based company is working with a financial adviser to field offers, said the...
The German government’s 9 billion-euro ($9.8 billion) bailout of Deutsche Lufthansa AG may cost the stricken carrier some valuable assets: Key flight slots at airports in Frankfurt and Munich. The European Commission wants Lufthansa to surrender the slots out of...
As BlackRock starts to kick the tires of Sweden’s credit market at the behest of the Riksbank, a world of trouble is about to reveal itself. “This market seems completely dead,” said Hakan Karlsson, chief executive of MaxFastigheter i Sverige AB, a property firm with...
