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April 13, 2021

Deals

Samsung SDI to supply battery cells to EV startup Rivian

Reuters
FILE PHOTO: The logo for electric vehicle startup Rivian is seen on the hood of its new R1T all-electric truck in Mill Valley, California, U.S., January 25, 2020. REUTERS/Nathan Frandino (Reuters) – Electric vehicle startup Rivian, backed by Amazon.com Inc and Ford Motor Co, said on Monday that South Korean......

Microsoft in talks to buy AI firm Nuance Communications – Bloomberg

Reuters
FILE PHOTO: A Microsoft logo is seen in Los Angeles, California U.S. November 7, 2017. REUTERS/Lucy Nicholson/File Photo (Reuters) – Microsoft Corp is in advanced talks to buy artificial intelligence and speech technology company Nuance Communications Inc, Bloomberg News reported on Sunday. An agreement could be announced as soon as......

Federal prosecutors get the green light to start offering plea deals to Capitol riot defendants, attorneys say

CNN
USA TODAY – For more and to sign up click here Defense lawyers involved have long recognized that much of the evidence in the Capitol riot cases isn’t disputable enough to take to trial — especially because so much is on video — and that many of the more than......

Hunter Biden’s tell-all memoir leaves out China deals, missing gun, DOJ investigation, and more

WashingtonExaminer
USA TODAY – For more and to sign up click here Hunter Biden’s memoir is notable for what it doesn’t discuss, gliding past deals with shady Chinese businessmen, not mentioning the name of the child he had with a stripper, noting his infamous “purported” laptop only once, and avoiding a......

Breakingviews – Capital Calls – Cellebrite good times

Reuters
A Cellebrite forensic device extracts data from a Samsung mobile phone during a demonstration at a training centre in Beijing, China June 19, 2018. REUTERS/Cate Cadell NEW YORK (Reuters Breakingviews) – SOMETHING TO CELLEBRITE. Controversy over cops breaking into people’s cellphones is heading to a stock exchange near you. Israeli......

ACS interested in buying “significant” stake in Atlantia’s motorway unit – source

Reuters
FILE PHOTO: A view of the Autostrade per l’Italia headquarters in Rome, Italy, July 21, 2020. REUTERS/Yara Nardi/File Photo MILAN (Reuters) -Spanish infrastructure group ACS has sent a letter to Atlantia expressing interest in buying a “significant stake” in the Italian group’s motorway unit, a source with knowledge of the......

Insurer Genworth terminates $2.7 billion buyout deal with China Oceanwide

Reuters
(Reuters) – Genworth Financial Inc has terminated a $2.7 billion buyout agreement with investment firm China Oceanwide Holdings Group Co, the U.S. insurer said on Tuesday. Originally proposed in October 2016, the merger was stalled for years over concerns about Chinese access to sensitive data of U.S. citizens. Shares of......

South Korea’s SK Group buys 16.3% stake in Vietnam’s VinCommerce for $410 million

Reuters
FILE PHOTO: The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea, February 3, 2017. REUTERS/Kim Hong-Ji/File Photo SEOUL (Reuters) – South Korea’s third-largest conglomerate, SK Group, said on Tuesday it has agreed to acquire a 16.3% stake in Vietnam’s VinCommerce, a retail affiliate......

Air Canada and Transat terminate planned deal

Reuters
FILE PHOTO: Air Canada airplanes are pictured at Vancouver’s international airport in Richmond, British Columbia, Canada, February 5, 2019. REUTERS/Ben Nelms/File Photo (Reuters) – Air Canada and Transat AT Inc said on Friday they have mutually agreed to terminate the proposed acquisition of Transat by Air Canada. The two companies......

Brooklyn man accused of using information from Bloomberg reporter for insider trading

Reuters
WASHINGTON (Reuters) – A Brooklyn man indicted for an insider trading scheme used information from a Bloomberg News reporter about certain deals to trade, according to a review of the charging documents, in a case that comes as the volume of leaked information about mergers and acquisitions is rising. FILE......

Mastercard to invest $100 million in Airtel Africa’s mobile money unit

Reuters
FILE PHOTO: Mastercard Inc. credit cards are displayed in this picture illustration taken December 8, 2017. REUTERS/Benoit Tessier/Illustration (Reuters) – Mastercard Inc will invest $100 million in Airtel Africa’s mobile money operations valuing the business at $2.65 billion, the London-listed company said on Thursday. Mastercard will hold a minority stake......

Is this the future for international business deals?

BBC
https://www.bbc.co.uk/news/business-56544071 With restrictions on international flights in place due to Covid-19, many people who normally travel for business have had to come up with alternative ways to have meetings and get deals done.A new facility for business travel has now opened in Singapore – where people fly in, conduct their......

Breakingviews – Capital Calls – WFH animal spirits prompt deals

Reuters
Pastor Matt Johnson interacts with parishioners via Zoom in Sydney, Australia, April 12, 2020. NEW YORK (Reuters Breakingviews) – Concise insights on global finance in the Covid-19 era. ————————————————- IT’S VIRTUALLY FREE. Companies that service Wall Street-from-home are feeling their oats. On Monday Broadridge Financial Solutions, an $18 billion fintech......

Australia’s AMP says Ares keen to buy 100% of unit’s private markets business

Reuters
FILE PHOTO: The logo of AMP Ltd, Australia’s biggest retail wealth manager, adorns their head office located in central Sydney, Australia, May 5, 2017. Picture taken May 5, 2017.REUTERS/David Gray/File Photo (Reuters) – Wealth manager AMP Ltd said on Monday that U.S.-based Ares Management Corp was interested in buying a......

Large block trades involved more than $10 billion of stocks sold by Goldman: media

Reuters
(Reuters) – Large block trades on Friday causing a wave of selling in a clutch of companies were driven by sales of more than $10 billion executed by Goldman Sachs Group Inc, media reported on Saturday. FILE PHOTO: The Goldman Sachs company logo is seen in the company’s space on......

Dolphins’ deals make Giants look silly for standing pat in 2018 NFL draft

ESPN
EAST RUTHERFORD, N.J. — If New York Giants general manager Dave Gettleman needed a reminder of his past indiscretions, Friday’s action around the NFL should have done the trick. Let’s begin with this disclaimer (one that I’ve repeated countless times over the past three years): This has almost nothing to......

Brazil prosecutors to investigate Vale over Steinmetz complaint

Reuters
By Gram Slattery, Clara Denina RIO DE JANEIRO (Reuters) – Rio de Janeiro police have begun investigating allegations brought by Israeli billionaire Beny Steinmetz that Brazilian miner Vale illegally concealed from its shareholders the conditions under which Steinmetz’s company BSGR was supposed to mine one of the world’s biggest iron......

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