Archive for September 2020
ByteDance asserts control of TikTok and contests $5 billion fee
The world’s most valuable startup sought to play down speculation it’s giving up control of valuable Chinese technology and assets…
Read MoreIllumina buys healthcare startup Grail
Grail, originally founded by Illumina and later spun out as a standalone company, is developing a blood test that aims…
Read MoreLinkedIn co-founder Reid Hoffman raises SPAC
Hoffman is a partner at the venture capital firm Greylock Partners, which backs several companies planning debuts this fall.
Read MoreApollo weighs deal for plastics firm Covestro
Buying Covestro would mean the private equity firm once again enters highly-competitive markets like polycarbonates, used widely in the building…
Read MoreM&A wrap: Carlyle, Victory Innovations, Richard Branson, Uber, Antares, Clearlake, GI
Carlyle backs Victory Innovations, which is seeing a high demand for its sprayers, as more businesses reopen. Virgin Group founder…
Read MoreUber to sell part of $6.3 billion Didi stake
The Didi sale would be the latest divestiture by Uber designed to consolidate operations and abandon once sprawling global ambitions.
Read MoreRichard Branson seeks $400 million to fund next business foray
Branson is inviting investors to buy shares of a listed shell firm, known as a SPAC.
Read MoreArdian raises $2.4 billion for new European PE fund
Europe-focused buyout funds have raised about $100 billion so far this year, compared with about $130 billion in all of…
Read MoreUber sells European freight unit to Sennder
Uber will acquire a minority stake in Sennder as part of the transaction. The partnership includes a program in which…
Read MoreThe new ‘blank check’ barons are coming for Wall Street
It’s the hot ticket on Wall Street, a symbol that you’ve arrived or can at least persuade investors that you’re…
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