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Messaging app Snap eyes softer valuation in biggest tech IPO since Alibaba

TMT

17 February, 2017

Messaging app Snap eyes softer valuation in biggest tech IPO since Alibaba

Snap Inc, owner of the popular messaging app Snapchat, set a lower-than-expected valuation range on Thursday, amid mounting investor concern ......

Sovereign wealth funds ramp up direct PE investments; hire specialists

General

17 February, 2017

Sovereign wealth funds ramp up direct PE investments; hire specialists

Some of the world's biggest sovereign wealth funds are increasingly striking their own private equity deals rather than relying on ......

Unilever rejects $143 bn takeover bid by Kraft Heinz

Consumer

17 February, 2017

Unilever rejects $143 bn takeover bid by Kraft Heinz

Unilever rejected a surprise $143 billion takeover bid from US food company Kraft Heinz Co on Friday, saying it saw ......

Reticent Patel flummox markets, businesses

General

17 February, 2017

Reticent Patel flummox markets, businesses

MUMBAI (Reuters) - Denny Jose, a small-town caterer in Kerala, was closely watching the RBI meeting last week.Newspapers and markets ......

Skype co-founder's VC firm Atomico raises $765 mn tech fund

General

16 February, 2017

Skype co-founder's VC firm Atomico raises $765 mn tech fund

Atomico, which has spent the past decade proving startups can prosper outside Silicon Valley, said on Thursday it had closed ......

Verizon may trim Yahoo deal value by up to $350 mn

TMT

16 February, 2017

Verizon may trim Yahoo deal value by up to $350 mn

Verizon Communications Inc (VZ.N) is close to a revised deal to buy Yahoo Inc's (YHOO.O) core internet business for $250 ......

Banks eye $40 mn fee pot for Vodafone-Idea merger

General

15 February, 2017

Banks eye $40 mn fee pot for Vodafone-Idea merger

BofA Merrill Lynch, UBS (UBSG.S) and Standard Chartered (STAN.L) are among banks scrambling to win advisory roles in a potential ......

SoftBank to acquire US private equity firm Fortress Investment for $3.3 bn

General

15 February, 2017

SoftBank to acquire US private equity firm Fortress Investment for $3.3 bn

Japan's SoftBank Group Corp on Wednesday said it has agreed to buy Fortress Investment Group LLC for about $3.3 billion, ......

How the entry of geeks is changing Goldman Sachs' M&A biz

General

15 February, 2017

How the entry of geeks is changing Goldman Sachs' M&A biz

Technology whizzes who helped Goldman Sachs eliminate hundreds of trading jobs over the past few years are venturing into the ......

India's wholesale prices rise 5.25% in January

General

14 February, 2017

India's wholesale prices rise 5.25% in January

India's wholesale prices rose at the fastest pace in two-and-a-half years in January as fuel prices climbed, reinforcing the Reserve ......