Search Results for:Liana B Baker

Tesla board seeks more information on Musk’s go-private plan

The board expects to make a decision on whether to launch a formal review of Musk’s proposal in the coming days and is speaking to investment bankers about hiring financial advisers to assist it in its review in such scenario.

US retailer Party City rebuffs acquisition offer from China’s Meisheng Cultural

Meisheng Cultural’s unsuccessful acquisition attempt illustrates how some Chinese companies see opportunities in marrying their low-cost manufacturing base with U.S. retailers

Cisco to buy cybersecurity company Duo for $2.35b

The deal is the biggest acquisition for Cisco since its $3.7-billion purchase of AppDynamics last year.

Activist investor Elliott builds $1b stake in Hyundai, pushes for changes

Elliott’s call adds to challenges for Hyundai, which is struggling from slowing sales in China and the United States, due to its delayed response to the sport utility vehicle segment, and Seoul’s diplomatic row with Beijing last year.

Dropbox’s higher-than-expected priced IPO raises $756m

The strong pricing bodes well for other highly anticipated IPOs from tech unicorns, or startups valued at more than $1 billion.

US computer maker Dell, VMware explore business options including merger

Dell is under pressure to boost its profitability after the EMC deal failed to deliver the cost savings and performance it projected.

Dalian Wanda Group considers HK listing for sport unit to rationalise portfolio

An IPO of Wanda’s sports assets would include Infront Sports & Media AG, a Swiss sports marketing company and World Triathlon.

Spotify makes confidential filing for U.S. IPO, targets listing in next 6 months

The company said in June it had more than 140 million active users while listing more than 30 million songs.

Baring Private Equity Asia nears $1b deal to buy US education firm Prometric

The deal would be the latest example of Asia-based investors stepping up their hunt for educational assets overseas

China Oceanwide, Genworth Financial extend $2.7b merger deadline

The merger has been held up by a US inter-agency panel that vets such takeovers for national security.