Deals
Alibaba unit says to raise $1.6 billion in share sale for media acquisitions
Alibaba Pictures Group Ltd (1060.HK), the film and entertainment unit of China's largest ecommerce company, said on Thursday it plans to raise $1.6 billion in a share offering to select investors to finance media-related acquisitions.
Mutual funds chase head start on hit IPOs with pre-public investing
U.S. mutual funds are placing bigger bets on privately held companies to get a head start finding the next IPO superstar, a strategy that has yielded some dramatic payoffs and flameouts.
Dish and T-Mobile US in merger talks - WSJ
Dish Network Corp (DISH.O) and T-Mobile US Inc (TMUS.N) are in talks over a merger that would combine the second-largest satellite TV operator in the United States with the fourth-largest wireless carrier, the Wall Street Journal reported.
Wendy's to buy back $1.4 billion of shares; Trian to cut stake
Hamburger chain Wendy's Co (WEN.O) will buy back $1.4 billion of shares, including $211 million from Nelson Peltz's Trian Group, its largest shareholder, in its biggest repurchase program.