‘We see signs of credit and funding stress,’ JPMorgan analysts warns Stress is beginning to take shape in corporate debt markets as the spread of the coronavirus chokes off crucial sales and revenues to companies — and the problems could accelerate if these companies...
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...
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...
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...
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...
