A number of large institutional investors, such as Blackstone and H&F private equity funds, plan to file a joint application for the acquisition of Nielsen Holdings, which provides data and marketing information, the Financial Times reports, citing informed sources. The cost of Nielsen is estimated at 17 billion dollars. The shareholder of Elliott Management put forward requirements that imply an assessment of possible business development options. Among the options he sees the transition of the company to private ownership, its full or partial sale. The deal to buy Nielsen can be one of the largest buybacks using borrowed funds over the past 10 years.
The dollar was briefly lifted on Thursday after the U.S. Federal Reserve offered no concrete clues about its next course of action, while investors hoped for an easy policy as the coronavirus resurgence stalled economic recovery. The dollar ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...