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October 22, 2019
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Exclusive: Blackstone, CVC seek to take Paysafe public – sources

Reuters
MADRID/FRANKFURT/NEW YORK (Reuters) – Private equity firms Blackstone Group Inc (BX.N) and CVC Capital Partners Ltd are seeking to hire underwriters for an initial public offering (IPO) of Paysafe Group Ltd that could value the payments processing firm at more than $10 billion, including debt, according to people familiar with...
Reuters - Business

Intel files antitrust case against SoftBank-backed firm over patent practices

Reuters
FILE PHOTO: The Intel logo is displayed on computer screens at SIGGRAPH 2017 in Los Angeles, California, U.S. July 31, 2017. REUTERS/Mike Blake (Reuters) – Chipmaker Intel Corp (INTC.O) has filed an antitrust lawsuit against a SoftBank Group Corp-owned (9984.T) investment company alleging the firm stockpiled patents to hold up...
Reuters - Business

Gojek CEO quits to join Indonesian cabinet, replacements named

Reuters
JAKARTA (Reuters) – Gojek CEO and co-founder Nadiem Makarim said on Monday he had resigned to join Indonesia’s cabinet, and the ride-hailing and payments company said two senior officials would jointly take over running operations of the $10 billion firm. Nadiem Makarim, founder of the Indonesian ride-hailing and online payment...
Reuters - Business

Thomson Reuters says engaged in CEO succession planning

Reuters
FILE PHOTO: Thomson Reuters Chief Executive Jim Smith speaks about the deal with U.S. private equity firm Blackstone Group LP, during a staff town hall meeting in Toronto, Ontario, Canada January 31, 2018. REUTERS/Chris Helgren/File Photo NEW YORK (Reuters) – Thomson Reuters Corp (TRI.TO) is engaged in succession planning for...
Reuters - Business

SoftBank seeks to avoid WeWork’s liabilities with new investment: sources

Reuters
NEW YORK (Reuters) – SoftBank Group Corp (9984.T) is attempting to become the majority owner of WeWork without assuming the onerous lease obligations of the U.S. office-space sharing firm, according to people familiar with the matter. FILE PHOTO: A WeWork logo is seen outside its offices in San Francisco, California,...
Reuters - Business

Blackstone’s financing for Merlin deal unsettles bond market

Reuters
(This October 17 story refiles to change Thursday to Wednesday in fifth paragraph) FILE PHOTO: A LEGO Windsor Castle is worked on by staff at Legoland, in Windsor, Britain May 10, 2018. REUTERS/Peter Nicholls/File Photo By Abhinav Ramnarayan and Yoruk Bahceli LONDON (Reuters) – A buyout consortium led by Blackstone...
Reuters - Business

Exclusive: WeWork owner creates committee to decide on financing lifeline – sources

Reuters
NEW YORK (Reuters) – WeWork owner, The We Company, has formed a special board committee to consider proposals for a $5 billion financing lifeline from its largest shareholder SoftBank Group Corp (9984.T) and its main lender JPMorgan Chase & Co (JPM.N), four people familiar with the matter said on Wednesday....
Reuters - Business

Undercover entrepreneurs: fearful Mexican tech startups shun spotlight

Reuters
MEXICO CITY (Reuters) – In Mexico’s burgeoning startup scene, publicity is the last thing many entrepreneurs want. A device from Mexican payments startup Clip is seen in this picture illustration taken in Mexico City, Mexico October 11, 2019. REUTERS/Luis Cortes/Illustration Unlike plenty of their P.R.-hungry counterparts in Silicon Valley, Mexican...
Reuters - Business

Unizo shares jump after Blackstone launches tender offer

Reuters
FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid/File Photo TOKYO (Reuters) – Shares of Unizo Holdings Co Ltd (3258.T) jumped on Wednesday after U.S....
Reuters - Business

Unizo says has not decided how to respond to Blackstone offer

Reuters
FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid/File Photo TOKYO (Reuters) – Japanese hotel operator Unizo Holdings (3258.T) said on Wednesday it had not...
Reuters - Business

How Amazon.com moved into the business of U.S. elections

Reuters
WASHINGTON (Reuters) – Amazon.com Inc’s (AMZN.O) cloud computing arm is making an aggressive push into one of the most sensitive technology sectors: U.S. elections. FILE PHOTO: The Amazon.com logo and stock price information is seen on screens at the Nasdaq Market Site in New York City, New York, U.S., September...
Reuters - Business

Blackstone turns up heat on hotelier Unizo with tender offer

Reuters
TOKYO (Reuters) – Private equity firm Blackstone Group (BX.N) said on Tuesday it would launch a tender offer for Unizo Holdings (3258.T) at 5,000 yen a share, doubling down on its $1.6 billion offer after the proposal was rebuffed by the Japanese hotel chain. FILE PHOTO: The ticker and trading...
Reuters - Business

Groups bidding for PES refinery due to tour fire-damaged site: sources

Reuters
NEW YORK (Reuters) – Groups vying for the idled Philadelphia Energy Solutions oil refinery have entered the second phase of the bidding process and are gearing up for visits to the plant, according to three sources familiar with the matter. FILE PHOTO: The Philadelphia Energy Solutions oil refinery is shown...
Reuters - Business

Facebook’s Libra announces board as support shrinks further

Reuters
LONDON/SAN FRANCISCO (Reuters) – Backers of Facebook Inc’s (FB.O) Libra cryptocurrency project pledged to forge ahead after selecting a five-member board on Monday, shrugging off the latest member defection by online travel company Booking Holding earlier in the day. FILE PHOTO: A small toy figure stands on representations of virtual...
Reuters - Business

Stocks pause on unsettled trade deal; earnings eyed

Reuters
NEW YORK (Reuters) – Wall Street edged lower on Monday as uncertainties following recent U.S.-China trade negotiations clouded sentiment and investors turned their focus on the third-quarter earnings season, which begins in earnest on Tuesday. Traders work on the floor at the New York Stock Exchange (NYSE) in New York,...
Reuters - Business

Wall Street takes a breather after trade talks, eyes on earnings

Reuters
NEW YORK (Reuters) – Wall Street struggled for direction on Monday as inconclusive U.S.-China trade negotiations dampened sentiment and investors turned toward third-quarter earnings season, which begins in earnest on Tuesday. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October 9, 2019....
Reuters - Business

Wall Street flat as trade deal optimism wanes, earnings in focus

Reuters
(Reuters) – U.S. stocks stalled on Monday after three straight sessions of gains as a bare-bones trade deal with China announced on Friday dampened sentiment and triggered a 2% drop in oil prices, ahead of the start of third-quarter earnings season. Traders work on the floor at the New York...
Reuters - Business

Facebook’s Libra faces support test after payment giants jump ship

Reuters
LONDON (Reuters) – Facebook’s (FB.O) Libra cryptocurrency faces a pivotal meeting of backers on Monday, days after the ambitious project to bring digital coins into mainstream commerce suffered a severe setback when major payment firms quit. FILE PHOTO: A small toy figure stands on representations of virtual currency in front...
Reuters - Business

Buyout firm Thoma Bravo adds Sophos to its cybersecurity chest with $3.8 billion deal

Reuters
(Reuters) – U.S. private equity firm Thoma Bravo is adding Sophos Group (SOPH.L) to its cybersecurity stable, announcing on Monday a buyout deal that values the British maker of antivirus and encryption products at about $3.8 billion. FILE PHOTO: Silhouettes of laptop users are seen next to a screen projection...
Reuters - Business

WeWork India fighting for new funds after talks with local lender collapse

Reuters
(Reuters) – WeWork’s India franchise has seen talks with local lender ICICI Bank Ltd (ICBK.NS) on $100 million in funding break down since The We Company’s botched stock market launch, and is in early discussions to raise $200 million from new investors, the venture’s chief shareholder Jitu Virwani said on...

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