A Chinese consortium that includes game developer Shanghai Giant Network Technology Co Ltd and e-commerce company Alibaba Group Holding Ltd founder Jack Ma has agreed to acquire Caesars Interactive Entertainment Inc's online games unit for $4.4 billion in cash, the companies said.
HONG KONG Fosun Group said on Saturday it has agreed to buy Brazilian fund manager Rio Bravo Investimentos, in the Chinese conglomerate's first acquisition in Latin America.
RIO DE JANEIRO/OSLO Brazil's Petrobras on Friday agreed to sell one of its largest oil and gas prospects to Norway's Statoil for $2.5 billion, the boldest step yet by the state-led energy company to advance its stagnant asset-sale plan and repair its battered finances.
BRUSSELS/BEIJING Brewer Anheuser-Busch InBev cleared a major hurdle toward its takeover of SABMiller with regulatory approval from China on Friday, leaving the acquisition's future in the hands of the British company's board.
HONG KONG Postal Savings Bank of China's up to $10 billion forthcoming IPO is drawing marquee foreign investors' attention due to its clean balance sheet, sources said, though unattractive valuations may mean it will still need local cornerstone investors to succeed.
LONDON Low valuations, weak sterling and continued interest from Chinese companies in overseas dealmaking is likely to see merger activity in Europe pick up again, according to Credit Suisse.
SEOUL South Korean defense firm Hanwha Techwin Co Ltd said on Friday it will buy Thales SA's 50 percent stake in their unlisted joint venture Hanwha Thales Co Ltd for 288 billion won ($257 million).
Anglo American Plc has rebuffed informal approaches by Indian mining and metals tycoon Anil Agarwal, Bloomberg reported, citing people familiar with the matter.
MILAN Italy's third-biggest lender, Monte dei Paschi di Siena, has received a last-minute rescue proposal by Swiss bank UBS, just hours before it is due to unveil its own bailout plan to meet regulators' concerns over its stability.
MILAN Former Italian industry minister and Intesa Sanpaolo CEO Corrado Passera will present on Friday a rival rescue plan for troubled lender Monte dei Paschi di Siena, three sources close to the matter said on Thursday.
It's a tearful night for some Bernie Sanders supporters at this year's Democratic National Convention, as delegates from all 57 U.S. states and territories cast their votes, ensuring Secretary Hillary Clinton the Democratic presidential nomination.