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LVMH agrees $16.2 billion deal for jeweler Tiffany

French luxury goods group LVMH said on Monday it has reached a definitive agreement to buy U.S. jewellery chain Tiffany & Co for $135 per share in an all-cash offer, in a $16.2 billion deal......»»

Category: topSource: moneycentralNov 25th, 2019

LVMH agrees $16.2 billion deal for jeweler Tiffany

French luxury goods group LVMH said on Monday it has reached a definitive agreement to buy U.S. jewellery chain Tiffany & Co for $135 per share in an all-cash offer, in a $16.2 billion deal......»»

Category: topSource: moneycentralNov 25th, 2019

France"s LVMH nears deal to buy U.S. jewelry chain Tiffany for about $16.3 billion: sources

French luxury group LVMH is nearing a deal to buy U.S. jewelry chain Tiffany & Co for about $16.3 billion, sources familiar with the matter told Reuters on Sunday......»»

Category: topSource: reutersNov 24th, 2019

Alibaba opens bookbuild for Hong Kong listing: sources

Chinese e-commerce giant Alibaba Group has opened the trading books for its $13.4 billion Hong Kong listing, two sources with direct knowledge of the process told Reuters on Wednesday......»»

Category: topSource: reutersNov 13th, 2019

Exclusive: Alibaba planning launch of $15 billion HK listing for last week of November - sources

Alibaba Group Holding Ltd plans to launch a Hong Kong share offering to raise $10 billion to $15 billion in the final week of November, two people with direct knowledge of the matter told Reuters......»»

Category: topSource: reutersNov 8th, 2019

Exclusive: KKR"s new Asia-focused fund targets record $15 billion in 2020 - sources

Global private equity group KKR & Co Inc is targeting a record $15 billion for a new Asia-focused buyout fund, three sources with knowledge of the plan told Reuters......»»

Category: topSource: reutersNov 7th, 2019

Rolls-Royce takes another $1 billion hit to fix problem engine

The bill to fix Rolls-Royce's Trent 1000 engine has risen by another 800 million pounds ($1 billion) as the aerospace group battles to reduce disruption to airline customers that have had to ground Boeing 787 passenger planes for repairs......»»

Category: topSource: reutersNov 7th, 2019

"I shut my eyes," SoftBank CEO Masayoshi Son says after losing more than $4.7 billion on WeWork

Kim Kyung-Hoon/Reuters SoftBank lost at least $4.7 billion by investing in WeWork after the shared-workspace group's IPO collapsed and its valuation plunged from $47 billion in January to below $10 billion. "My own investment judgment was r.....»»

Category: topSource: businessinsiderNov 6th, 2019

SoftBank reported an eye-watering $6.5 billion loss in the wake of WeWork"s catastrophic failed IPO

Thomson Reuters SoftBank Group recorded an eye-watering quarterly loss of $6.5 billion early Wednesday, spurred by some of it biggest tech invstments like Uber and WeWork.  The Japanese investment giant last month spent over $10 billion bailing&nbs.....»»

Category: topSource: businessinsiderNov 6th, 2019

Fitbit surges 17% after Google agrees to buy the company for $2.1 billion (FIT)

Reuters Shares of Fitbit surged 17% Friday after Google agreed to buy the company for $2.1 billion. The acquisition is expected to help Google expand into the smartwatch market to compete with the likes of Apple and Samsung. The news confirms a repor.....»»

Category: topSource: businessinsiderNov 1st, 2019

Hudson"s Bay agrees to go private at $1.45 billion valuation

Hudson’s Bay Co. will go private in a deal valuing the 349-year-old Canadian retailer at $1.45 billion, allowing a group of investors led by Chairman Richard Baker to try their hand at reinvigorating the fading department-store chain......»»

Category: topSource: moneycentralOct 21st, 2019

Hudson"s Bay agrees to go private at $1.45 billion valuation

Hudson’s Bay Co. will go private in a deal valuing the 349-year-old Canadian retailer at $1.45 billion, allowing a group of investors led by Chairman Richard Baker to try their hand at reinvigorating the fading department-store chain......»»

Category: topSource: moneycentralOct 21st, 2019

MGM agrees to sell Bellagio to Blackstone for $4.25B

MGM Resorts International, pressured by investors to unload its remaining company-owned casinos, agreed to sell the Bellagio resort in Las Vegas to Blackstone Group for $4.25 billion and will... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkOct 19th, 2019

Walmart"s Asda agrees $4.9 billion Rothesay Life pension deal

Walmart's Asda has agreed a 3.8 billion pounds ($4.9 billion) 'buy in' with Rothesay Life to secure the benefits for 12,300 members of one of its pension schemes, in a deal that simplifies its balance sheet ahead of a possible standalone listing......»»

Category: topSource: reutersOct 18th, 2019

Exclusive: China Everbright Group to restructure, pursue billion-dollar HK IPO - sources

State-owned financial conglomerate China Everbright Group aims to restructure its sprawling business and pursue a billion dollar IPO next year in Hong Kong, three people with direct knowledge of the matter told Reuters on Thursday......»»

Category: topSource: reutersOct 10th, 2019

The owners of FanDuel and PokerStars have struck a $12 billion deal to create the world"s biggest online betting group

Reuters / Steve Marcus The owners of FanDuel and PokerStars have struck a $12 billion deal to create the world's biggest online betting group. Flutter and The Stars Group, which generated combined revenues of $4.7 billion las.....»»

Category: topSource: businessinsiderOct 2nd, 2019

Boris Johnson"s tax plans will place billions of pounds into the pockets of Britain"s richest people

Reuters Boris Johnson's tax plans would cost up to £20 billion a year and mostly b.....»»

Category: topSource: businessinsiderSep 27th, 2019

Lloyds warns mis-selling could cost it an extra $2.2 billion

Lloyds Banking Group will set aside up to an extra 1.8 billion pounds ($2.2 billion) to settle mis-selling claims in Britain's costliest consumer banking scandal, and said it was suspending its 2019 share buyback program......»»

Category: topSource: reutersSep 9th, 2019

Exclusive: Alibaba postpones up to $15 billion Hong Kong listing amid protests: sources

China's biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters......»»

Category: topSource: reutersAug 21st, 2019

Alibaba postpones up to $15 billion Hong Kong listing amid protests: sources

China's biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters......»»

Category: topSource: reutersAug 21st, 2019