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Friday, July 14, 2017

AT&T planning organizational changes, including new role for CEO: Bloomberg

(Reuters) - Broadband provider AT&T Inc is planning a redefined role for Chief Executive Randall Stephenson amid major organizational changes following its $85.4 billion acquisition of Time Warner Inc , Bloomberg reported on Friday.

Chinese buyout group wins $11.6 billion bid to buy Global Logistic Properties

SINGAPORE/HONG KONG (Reuters) - A leading Chinese private equity consortium backed by senior executives from Global Logistic Properties (GLP) won a bid to acquire GLP for S$16 billion ($11.6 billion), marking Asia's largest private equity buyout in a buoyant sector.

Urgent care operator American Family Care inks $1 billion deal

(Reuters) - American Development Partners, a private equity and real estate firm, has agreed to invest $1 billion alongside American Family Care, the largest operator of urgent care centers in the United States, to expand its franchises, the company said on Thursday.

Exclusive: Neoenergia seeks $11 billion valuation in Brazil, U.S. IPO, sources say

SAO PAULO (Reuters) - Neoenergia SA, whose takeover of a smaller rival will turn it into Brazil's No. 1 power utility by customers served, is working on a dual initial public offering in São Paulo and New York that could value it at up to 35 billion reais ($11 billion), three people with direct knowledge of the plan said.

FanDuel, DraftKings scrap troubled merger

WASHINGTON (Reuters) - Daily fantasy sports companies FanDuel and DraftKings scrapped a plan to merge on Thursday following a legal challenge by U.S. antitrust enforcers.

Woodford equity income fund sells BAT stake, keeps Imperial Brands

LONDON (Reuters) - Veteran UK investor Neil Woodford's 10 billion pound ($12.97 billion) equity income fund has sold its stake in British American Tobacco after strong performance, although it has kept its stake in Imperial Brands , the fund said.

China says concerned over tighter German curbs on takeovers

BEIJING (Reuters) - China expressed concern on Friday after Germany became the first European Union country to tighten its rules on foreign corporate takeovers, following a series of Chinese deals giving access to Western technology and expertise.

Murdoch's Fox unlikely to offer remedies in Sky deal: source

LONDON (Reuters) - Rupert Murdoch is unlikely to offer any new concessions to protect the editorial independence of Sky , increasing the chance that the $15 billion takeover deal goes to a lengthy investigation, a person familiar with the situation said.

Uber and Yandex to combine ride-hailing in Russia and beyond

FRANKFURT/MOSCOW (Reuters) - Uber and Yandex, the "Google of Russia", have agreed to combine their Russian ride-sharing businesses, with Yandex the leading partner in a deal that extends to five nearby markets.

New German rules unlikely to put brake on Chinese auto sector deals

FRANKFURT (Reuters) - Several German companies in talks with potential buyers from China are pushing ahead with negotiations undeterred by Germany's new takeover code, people close to the matter said.