Finance

BlackRock to Purchase Aperio in a Deal Worth $1.5 Billion

World’s largest asset manager BlackRock Inc. (BLK) announced that it will be acquiring investment manager service provider Aperio Group LLC for $1.5 billion. BlackRock will be purchasing Aperio from its current owner Golden Gate Capital, a private equity firm. Some employees of Aperio also own notable stake in the company the purchase transaction will be […]

German Luxury e-Commerce Mytheresa Files for U.S IPO

German based luxury e-commerce Company Mytheresa Group announced having filed for an initial public offering in the United States stock exchange markets. The news was announced by its parent company MYT Netherlands Parent B.V which said the number of American depositary shares to be offered in the IPO is yet to be established. This move […]

Banco Santander Acquires Wirecard’s Tech Assets

German based payment processor and financial service provider Wirecard AG (ETR: WDI) has sold its tech platform together with its tech assets to Spain based financial services provider Banco Santander SA (BME: SAN). The sale was announced by Wirecard’s insolvency administrator Michael Jaffe “Banco Santander will acquire the technology platform of the payment service provider […]

Huawei Selling its Smartphone Brand Honor

Leading Chinese tech giant Huawei Technologies Co Ltd will be selling its budget brand smartphone unit Honor with an aim of keeping the brand alive. Huawei will be selling the smartphone brand to a consortium of more than 30 agents and dealers. On Nov 17 the consortium issued a statement announcing the deal. The deal […]

Simon Property Scales Down Buying Price for Taubman Stake by 18%.

U.S based commercial real estate company Simon Property Group Inc. (SPG) will be cutting down its purchase price for an 80% stake in fellow real estate investment company Taubman Realty Group (TRG). During a joint statement the companies said Simon Property will be reducing its purchase price by 18% due to what the companies call […]

Apollo Global to Acquire Great Canadian Gaming for $1.66 Billion

Apollo Global Management (APO) will be purchasing Great Canadian Gaming Corp (GC) in a deal worth C$2.16 billion ($1.66 billion). Apollo says it will use cash managed by its affiliates to finance the deal. Apollo is offering C$39 per share which represents a 34.9% share premium of the stock’s closing price on November 10. The deal […]

Nexi Seeking to Merge With Nets in an $8 Billion Deal

Italian based bank which specializes on payment systems Nexi SpA (BIT: NEXI) has prolonged its exclusive merger talks with Nets up to November 16. The company made the announcement when it was reporting its third quarter results. In the beginning of the month, Nexi opened discussions over a potential $8 billion merger deal. The company […]

Aphria to Acquire Sweetwater in a Deal Worth $300 Million

Canada based pharmaceutical company and cannabis producer Aphria Inc. (APHA) will be purchasing craft brewer SweetWater Brewing Co in a deal worth $300 million. Aphria will be using this acquisition to broaden its market share in the United States and also enter the alcoholic beverages market. Following the acquisition, Aphria will become the first cannabis […]

Samsung Posts Best Quarterly Operating Profit in Two Years in Q3

South Korea based Tech giant Samsung Electronics Co Ltd. (005930) reported its third quarter results of the year posting the best quarterly Operating profit in the past two years in the quarter. In the third quarter ended September 30 Samsung reported an operating profit of 12.35 trillion won ($11 billion) denoting a 59% increase. It’s […]

Huawei Reports Single Digit Growth in Q3 Results

China based tech giant Huawei Technologies Co Ltd announced its results for the third quarter registering a 3.7% growth in the quarter. This becomes the only quarter of the year the company failed to post double digit growth in its quarterly results. In a statement provided by the company, for the period January to September […]