Punch Taverns decides to sell 158 of its pubs to NewRiver for an agreed sum of £53.5 million. The decision to sell off its non-core businesses is in line with their goal to take care of its accumulated debts.
Deals
Naver Corp waits for better market conditions before deciding on IPO
Giant South Korean web portal operator Naver Corp is yet to decide on when put its messenger app unit Line Corp on Initial Public Offering (IPO) due to the present volatility of the market.
First NBC and State Investors to extend merger agreement to December
First NBC Bank Holding Company and State Investors Bancorp, Inc. announced on August 27 that they will extend their merger agreement to December 31 this year.
Richest man in Asia acquires World Triathlon Brand for $650M
Wang Jianlin, head of Dalian Wanda Group, agreed to buy the Ironman Triathlon races organizer in a deal amounting to $650 milion. The deal was announced Thursday in a move for Asia's richest man to diversify his sports fortfolio. The developer also mentioned the possibility of another sports related purchase before the year ends.
Schlumberger announces merger offer with oilfield maker Cameron
Schlumberger had announced conclusive merger agreement with Cameron in which both companies shall combine in a stock and cash transaction. The agreement was unanimously confirmed by the boards of directors of both companies on Thursday.
Latest News
In a move that will strengthen the leadership of Oracle Marketing Cloud, Oracle (NYSE: ORCL) has acquired Maxymiser, a New York-based provider of cloud-based software for mobile marketing.
Adidas extended its contract with Indiana University for the next eight years, giving IU $6.7 million annually, which is twice the amount compared to their previous deal. The deal worth $53.6 million in total is good until 2024. The ten-year previous contract between IU and Adidas will end after this academic year.
It's more than a year ago when Disney acquired popular YouTube network for $500 million yet it seems the deal was not really as big as it appeared to be. The deal includes an outstanding offer of another $450 million to Maker if the latter meets certain milestones.
Online publication BuzzFeed announced on Tuesday that NBCUniversal agreed to invest $200M for the website to expand on movies and TV.
KKR is about to lose its cash investment in Samson Resources worth $4.1 billion from its $7.2 billion buyout four years ago. The unexpected and prolonged downward move of oil and gas pushed Samson to file for Chapter 11.
Billionaire investor Warren Buffett makes his biggest acquisition ever just a few weeks before his 85th birthday. For $37.2 billion, including debt, Buffett's Berkshire Hathaway has bought Precision Castparts Corp., a global manufacturer of aircraft and engine components.
Informatica, the enterprise software provider based in Redwood City and announced in April that it will be bought for $5.3 billion by Canada Pension Plan Investment Board and Permira Advisers.
China's Anbang Insurance Group Co is bidding to buy Japanese property asset manager Simplex Investment Advisors, four people with knowledge of the bid said, in a deal that could top $1 billion.
Adidas bought Runtastic, a fitness tracking app for €220 million (equivalent to $240M) from Axel Springer, the company's strategic partner in Germany.
