SEOUL/HONG KONG - Tesco has picked private equity firm MBK Partners as preferred bidder to buy its South Korean unit for as much as $6.6 billion, sources said, as the British supermarket retreats from overseas and focuses on revitalizing its domestic business.
WASHINGTON - German carmakers BMW, Audi and Mercedes have won U.S. antitrust approval to buy Nokia's maps business for around 2.5 billion euros ($2.8 billion), the Federal Trade Commission said on Wednesday.
WASHINGTON - Japan's Nikkei media group won U.S. antitrust approval for its $1.3 billion purchase of the Financial Times from Britain's Pearson PLC, the Federal Trade Commission said on Wednesday.
LONDON - Royal Dutch Shell gained EU approval on Wednesday for its $70 billion acquisition of Britain's BG Group , the second of four key markets needed to clear the deal.
- Online gambling company GVC Holdings Plc could go hostile in the 1-billion-pound ($1.5 billion) battle for Bwin.party Digital Entertainment if Bwin's board recommends a lower offer from 888 Holdings Plc , the Times newspaper reported the company's chairman as saying.
JAKARTA/HONG KONG - Providence Equity Partners and PT Indosat Tbk are the only bidders for a majority stake in Indonesian TV and broadband operator PT Link Net Tbk after the up to $1 billion price tag put off other potential buyers, people familiar with the process said.
- Citigroup Inc agreed to sell its consumer banking business in Hungary to Austria's Erste Group Bank AG as the third-biggest U.S. bank by assets continues to divest non-core operating businesses.
Tue, Sep 1 2015
- McGraw-Hill Education is pressing ahead with plans to go public and has hired underwriters to assist in an initial public offering valuing the company between $5 billion and $6 billion, including debt, according to people familiar with the matter.
LONDON - Whirlpool Corp , the world's biggest home appliance company, is set to battle Middleby for Britain's Aga Rangemaster , the maker of range cookers synonymous with affluent British middle-class country life.
- Online gambling firm 888 Holdings Plc stepped up the battle for Bwin.party Digital Entertainment Plc on Tuesday, submitting a revised takeover proposal as it looks to see off rival interest from GVC Holdings Plc .
Summer 2015 is drawing to an end, but Bloomberg notes that Donald Trump appears to be more than a seasonal fling.