KKR to buy enterprise software firm BMC

KKR to buy enterprise software firm BMC

Investment firm KKR confirmed on Tuesday it would buy BMC Software from owners including Bain Capital and Golden Gate Capital, adding to a series of bets it has made on companies which provide software and IT systems for corporations. Houston-based BMC, which provides software that helps companies organize their tech support functions, was taken private for $6.9 billion in 2013 by a group led by Bain and Golden Gate, after pressure from activist hedge fund…

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Qualcomm to meet China regulators in push to clear $44 billion NXP deal

Qualcomm to meet China regulators in push to clear $44 billion NXP deal

Qualcomm is expecting to meet this week in Beijing with China’s antitrust regulators in a final push to secure clearance for its proposed $44 billion acquisition of NXP Semiconductors, three sources told Reuters. The acquisition has been caught in the crosshairs of rising U.S.-China trade tensions, with sources saying an approval would depend on the progress of broader bilateral talks. The deal has got a nod from eight of the nine required global regulators, with…

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Alibaba injects pharmacy assets into health-care unit in $1.4 billion deal

Alibaba injects pharmacy assets into health-care unit in $1.4 billion deal

Chinese e-commerce giant Alibaba will inject some of its online pharmacy business into a listed unit in a deal valued at HK$10.6 billion ($1.35 billion), the firm said in a statement on Tuesday. Alibaba Health Information Technology will buy Ali JK Nutritional Products, which controls sales of medical devices, health-care products, adult products, and health-care services on Alibaba’s Tmall platform. The deal will see parent Alibaba receive newly issued shares in Ali Health, taking its…

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Verint in talks to merge with Israel’s NSO Group in $1 billion deal

Verint in talks to merge with Israel’s NSO Group in $1 billion deal

An Israeli woman uses her iPhone in front of the building housing the Israeli NSO group, on August 28, 2016, in Herzliya, near Tel Aviv. Apple iPhone owners, were urged to install a quickly released security update after a sophisticated attack on an Emirati dissident exposed vulnerabilities targeted by cyber arms dealers. U.S.-based software company Verint Systems is in talks to merge its security division with Israeli cyber surveillance firm NSO Group in a deal…

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Eddie Bauer, Pacific Sunwear explore merger amid retail downturn

Eddie Bauer, Pacific Sunwear explore merger amid retail downturn

Eddie Bauer and Pacific Sunwear of California are exploring a merger to consolidate their store footprint and weather a prolonged downturn in the U.S. brick-and-mortar retail sector, people familiar with the matter said on Wednesday. The two sporty retailers have previously succumbed to bankruptcy and are searching for growth. In a merger, the companies could whittle down their store counts from their current total of nearly 700 together, the sources said. Eddie Bauer and Pacific…

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Sony to acquire Mubadala’s stake in EMI Music Publishing in $1.9 billion deal

Sony to acquire Mubadala’s stake in EMI Music Publishing in $1.9 billion deal

A wholly owned Sony subsidiary, Sony Corporation of America, reached an agreement to buy all of the interest in EMI Music Publishing that is currently held by a consortium of Abu Dhabi’s Mubadala Investment for about $1.9 billion. Sony said it expects to pay a total of about $2.3 billion for the majority stake in EMI Music Publishing, which it hopes will strengthen its entertainment portfolio, the Japanese company said Tuesday. That additional $400 million…

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SoftBank is selling its entire Flipkart stake to Walmart

SoftBank is selling its entire Flipkart stake to Walmart

SoftBank Group said on Wednesday it is selling its roughly 20 percent stake in Indian e-commerce firm Flipkart to Walmart. Walmart said earlier this month it will pay $16 billion for a roughly 77 percent stake in Flipkart, the U.S. retailer’s largest-ever deal. SoftBank did not disclose terms of the sale but this month CEO Masayoshi Son said its investment in the Indian firm was worth around $4 billion. The Vision Fund invested 2.5billion in…

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Barclays is reportedly looking at a potential merger with Standard Chartered

Barclays is reportedly looking at a potential merger with Standard Chartered

Barclays has spoken to its rival bank Standard Chartered about a potential merger but no formal or informal bid was made, the Financial Times reported on Wednesday, citing two unnamed sources. Barclays told CNBC it has no comment on the report. Two unnamed sources close to the bank, cited by Reuters, said there was no truth in the rumor and it wasn’t exploring any potential mergers with other lenders. Stanchart said it’s “entirely focused on…

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US has more than 5,600 banks. Consolidation is coming

US has more than 5,600 banks. Consolidation is coming

The US’s banks have largely sat out the mergers and acquisitions wave of recent years. While deal records have fallen in almost every other sector, big banks have done almost nothing, shrinking rather than expanding. And merger activity among small and mid-sized banks — some 5,607 of them, at last count — has been subdued. But when Fifth Third Bancorp of Cincinnati revealed its $4.7bn swoop for Chicago’s MB Financial on Monday morning, shares in…

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Blackstone to buy LaSalle Hotel for $3.7 billion

Blackstone to buy LaSalle Hotel for $3.7 billion

Private-equity firm Blackstone said on Monday it would buy U.S. hotel owner LaSalle Hotel Properties for $3.7 billion, topping a rival bid from Pebblebrook Hotel Trust in April for $3.5 billion. The deal values LaSalle at $33.50 per share compared with Pebblebrook’s offer of $31.75 per share and represents a premium of 5 percent to LaSalle’s closing price on Friday. Pebblebrook raised its offer in April after LaSalle rejected it a previous bid, saying it…

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