The app, called Uber Works, has started operating in Chicago.
The investment “aligns well with the ambitions of Tencent’s Cloud and Smart Industries Group,” said Ling Ge, chief European representative at Te
PSP Investments currently holds a 19.1% stake in Webster.
The deal marks Temasek’s first direct investment in a US-based real estate investment bank.
LGC could fetch more than $2 billion including debt in a sale.
Cheetah Digital is backed by technology-focused global private equity firm Vector Capital.
IPOs & Markets
A direct listing allows firms to lower underwriting fees as they don’t raise any new capital. Slack and Spotify have taken this route.
After buying Rip Curl, Kathmandu said it would have 341 of its own stores around the world.
The US digital money transfer platform will be the first foreign firm to enter China's payment services market.
WeWork had a deadline for completing a successful stock listing by year-end to secure a $6-billion loan.
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