(Reuters) – Alphabet Inc’s (GOOGL.O) Google is buying a 6.6% stake in home security firm ADT Inc (ADT.N) for $450 million in a deal that will allow it to provide service to customers of its Nest home security devices. ADT said on Monday the companies will work... More »
(Reuters) – Blackstone Group Inc (BX.N) is taking a majority stake in MagicLab, the parent company of dating app “Bumble” and “Badoo”, valuing the company at about $3 billion, the private equity firm said in a statement on Friday. Following the deal, Andrey An... More »
(Reuters) – Warren Buffett’s Berkshire Hathaway (BRKa.N) has raised its stake in Bank of America Corp (BAC.N), the company said in a regulatory filing on Thursday. The company owned 950 million shares in the bank as of July 17. () It had reported 896.2 million... More »
((This Feb. 22 story corrects paragraph 4 to clarify NBIM’s partnership with Crown Estate)) By Noor Zainab Hussain and Esha Vaish (Reuters) – The sovereign wealth fund of Norway bought a 245 million pounds ($342 million) stake in British property group Shaftes... More »
Earphones are seen on a tablet screen with a Spotify logo on it, in Zenica, Bosnia and Herzegovina, February 20, 2014. REUTERS/Dado Ruvic/File Photo – S1BETDCCQSAB (Reuters) – The music group of China’s Tencent Holdings Ltd and Sweden’s Spotify AB are in talks... More »
An affiliate of Amazon.com Inc has agreed to buy a 1.79 billion-rupee ($27.6 million) stake in Indian retailer Shoppers Stop Ltd, the Indian company said in a filing. More »
FILE PHOTO – Nelson Peltz speaks at the WSJD Live conference in Laguna Beach, California October 25, 2016. Nelson Peltz’s Trian Fund Management LP said on Monday it was seeking a seat for its billionaire chief executive at Procter & Gamble Co’s (PG.N) board as... More »
FILE PHOTO – The logo of Dow Jones Industrial Average stock market index listed company Procter & Gamble (PG) is seen on a tube of toothpaste in Los Angeles, California, United States, April 25, 2016. REUTERS/Lucy Nicholson Trian Fund Management LP disclosed a... More »
Viacom Inc’s (VIAB.O) second-largest shareholder has urged the media company to sell a stake in its Paramount movie studio to Alibaba Group Holding Ltd (BABA.N), according to the Financial Times. “If Alibaba is going to be serious about getting into the entert... More »
Hulu is looking to sell a stake to Time Warner Inc (TWX.N) in talks that would value the video-streaming service provider at above $5 billion, The Wall Street Journal reported. The talks include cash investment and content licensing, the Journal reported, citi... More »
Nelson Peltz’s Trian Fund Management has accumulated $2.5 billion in General Electric (GE.N) shares since May — a roughly 1 percent stake — making it one of the company’s top 10 shareholders, the Wall Street Journal reported. In a white paper Trian plans to di... More »
