Fortune: Goldman Sachs Is Raising $2b To Buy Celsius Assets
The Wall Street firm is seeking $2 billion in commitments from investors to buy distressed assets at steep discounts if the crypto lender goes bankrupt.
Source
Category: Big Deal
Zendesk drama concludes with $10.2bn private equity acquisition
Zendesk has had a difficult time over the last several months. It has been hounded by activist investors, Jana Partners. It turned down a $17bn acquisition in February believing it was worth more....
Plot Thickens As Shareholder Advisory Firm Backs Spirit-Frontier Merger – The New York Times
After Frontier raised its offer for Spirit on Friday, the firm ISS reversed its recommendation that shareholders consider a rival bid from JetBlue.
Source: Shareholder Advisory Firm Backs...
Reuters: Private equity bidders weigh offers valuing Toshiba at up to $22bn
KKR, Baring Private Equity Asia, Blackstone, Bain Capital, Brookfield Asset Management, MBK Partners, Apollo Global Management and CVC have submitted initial bids, sources said.
Source
Kellogg’s to split into three separate food businesses, all public
Kellogg plans to split into three public companies, keeping a core global snacking business while spinning off the North American cereal brands with which the maker of Corn Flakes began and a smaller...
Are private equity firms the new conglomerates?
Plus, THG tries to win back shareholder confidence and a group of America’s most elite universities get $40bn richer
Source: Are private equity firms the new conglomerates?
Partners Group hires ex-CEO of Kindred Healthcare; will fundraising finally slow down?
Partners Group will announce today it is hiring Ben Breier, former CEO of Kindred Healthcare, who led the $1.4 billion sale of the healthcare provider to health insurer
Source: Partners Group hires...
In Twitter Meeting, Elon Musk Fields Questions From 8,000 Employees
Mr. Musk answered questions from Twitter’s 8,000 workers for the first time in a virtual meeting on Thursday.
Source: In Twitter Meeting, Elon Musk Fields Questions From 8,000 Employees
Sen. Warren asks bank regulator to reject TD’s $13.4 billion acquisition after customer-abuse report
In a letter sent Tuesday to the OCC, Warren cited a May 4 report that alleged that TD used tactics similar to those in the Wells Fargo fake accounts scandal. Source: Sen. Warren asks bank regulator...
BREAKING: Facebook Mostly Loses Giphy Merger Appeal, But Case In Limbo
The U.K.'s specialist antitrust tribunal on Tuesday largely rejected Facebook's challenge to a decision blocking its $315 million acquisition of GIPHY, but agreed that Britain's competition watchdog...