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SoftBank record loss estimate renews asset sale focus
SoftBank Group Corp's estimate it will post a record $13 billion full-year loss, dragged down by its spluttering $100 billion Vision Fund, has renewed attention on a planned asset sell-down aimed at raising cash and restoring confidence......»»
SoftBank shares untraded after estimating historic loss
SoftBank Group Corp shares were untraded with a glut of sell orders on Tuesday morning after estimating the Vision Fund will record a 1.8 trillion yen ($16.73 billion) loss in the year ended March due to faltering bets on unproven startups......»»
Dell to sell security business RSA for nearly $2.1B
Dell Technologies Inc. will sell its Massachusetts-based cybersecurity unit RSA for $2.08 billion in cash to a consortium of investors led by Palo Alto, California-based Symphony Technology Group as the computer maker tries to streamline its business. Jo.....»»
Palo Alto private equity firm buys RSA security business from Dell for $2.1B
Dell Technologies Inc. will sell its Masachusetts-based cybersecurity unit RSA for $2.08 billion in cash to a consortium of investors led by Palo Alto-based Symphony Technology Group as the computer makers tries to streamline its business. Joining.....»»
Dell to sell cybersecurity unit for $2.08 billion
Dell Technologies Inc said on Tuesday it would sell its cybersecurity unit RSA for $2.08 billion to a consortium led by Symphony Technology Group, Ontario Teachers' Pension Plan Board and AlpInvest Partners......»»
Exor expects $13 billion for careful acquisitions after PartnerRe sale
Investment group Exor will have around $13 billion in cash provided it closes a deal to sell its reinsurance unit PartnerRe and it would spend most of that on acquisitions, a source close to the matter told Reuters......»»
MUFG posts third-quarter loss on one-time charge for Indonesian unit, cuts outlook
Mitsubishi UFJ Financial Group Inc (MUFG) , Japan's largest lender by assets, posted on Tuesday a 25.7 billion yen ($236 million) net loss in the third quarter, as its banking unit booked a one-off charge on an Indonesian subsidiary......»»
MUFG posts third-quarter net loss due to one-time charge on Indonesian unit, cuts outlook
Mitsubishi UFJ Financial Group Inc (MUFG) , Japan's largest lender by assets, on Tuesday posted 25.7 billion yen ($236 million) net loss in the third quarter, as its banking unit booked a one-off charge on an Indonesian subsidiary......»»
Dow Jones Newswires: Vodafone to sell stake in Egypt unit to Saudi Telecom for $2.39 billion
Vodafone Group PLC said Wednesday that it has agreed to sell its 55% stake in its Egypt unit to Saudi Telecom Co. for $2.39 billion......»»
Sinochem unit gets $1.65 billion investment from state firms
Sinochem Energy, a unit of China's Sinochem Group, has agreed to sell a 20% stake to five state-owned firms for 11.56 billion yuan ($1.65 billion), Xinhua news agency reported......»»
Nestle makeover advances with $10 billion sale of skin health unit
Nestle has entered exclusive talks to sell its skin health business to a consortium led by EQT Partners for 10.2 billion Swiss francs ($10.1 billion), as the food group shifts its portfolio in response to changing consumer demands......»»
Nestle revamp advances with $10 billion sale of skin health unit to buyout funds
Nestle has entered exclusive talks to sell its skin health business to a consortium led by EQT Partners for 10.2 billion Swiss francs ($10.12 billion), as the food group shifts its portfolio in response to changing consumer demands......»»
Kellogg to sell Keebler cookie unit, other assets to Ferrero for $1.3 billion
Kellogg Co said on Monday it would sell some assets including cookie brands Keebler and Famous Amos to Nutella maker Ferrero Group for $1.3 billion, to focus on its core cereal and snacks businesses......»»
Shire to sell oncology unit to Servier for $2.4 billion
Shire PLC on Monday said it has entered into an agreement to sell its oncology unit for $2.4 billion to privately held French pharmaceutical group Servier S.A.S. The sale comes as th.....»»
Bank Leumi, Azrieli agree to sell credit card unit to Warburg Pincus
Israel's Bank Leumi and Azrieli Group have agreed to sell their credit card business Leumi Card to the U.S. private equity firm Warburg Pincus for 2.5 billion shekels ($685 million)......»»
Nestlé to Sell Gerber Life Insurance to Western & Southern Financial
Nestlé announced Monday it has agreed to sell its Gerber Life Insurance Co. unit to Western & Southern Financial Group for $1.55 billion in cash......»»
WorleyParsons buying unit of Texas-based Jacobs Engineering
The Jacobs Engineering Group has announced plans to sell its energy, chemicals and resources unit to Australia-based WorleyParsons Limited for $3.3 billion......»»
ABB to sell Power Grids to Hitachi, revamp business structure
ABB reached a deal with Japan's Hitachi to sell its Power Grids division, with the Swiss engineering group adding it plans to return net cash proceeds of $7.6-7.8 billion from selling the 80.1 percent stake in the unit to shareholders......»»
Liberty Global to Sell Swiss Operation
John Malone’s Liberty Global, a holding company for European cable assets, will sell its Swiss unit, UPC Switzerland, to Sunrise Communications Group in a deal with an enterprise value of about $6.3 billion......»»
GE posts lower sales, loss on restructuring moves
General Electric’s revenue fell 12% to $17.1 billion, reflecting a 28% decline in its aviation unit and a 9% drop in its healthcare unit after selling off part of the business......»»