Jay-Z is divesting ownership with NBA team Brooklyn Nets to become a sports agent. Rap icon and producer Jay-Z has now offered his shareholdings in the National Basketball Association's Brooklyn Nets for sale in order to focus on the growth and development of his sports representation business.
Investors
Taylor Morrison’s IPO raises $628.3 million
The initial public offering of Taylor Morrison Home Corp, which is the latest for companies tied to the housing sector, has raised $628.3 million.
Qatar Makes Bond Deposits to Egypt
Aid in the form of bond deposits is what Qatar has given to Egypt in the latest round of assistance.
KKR Appoints New Leadership in Japan
KKR appoints Hirofumi Hirano as CEO and MD while former CEO and MD Shusaku Minoda becomes chairman.
Four Major Shareholders in Telecom Italia to Discuss Future
Telecom Italia's investors meet to discuss future moves Telecom Italia SpA's stockholders are meeting today to discuss its future moves on votes to be made at the annual shareholders meeting of the largest phone company of Italy.
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SM Investments Corp would merge SM Prime Holdings, SM Development Corp, Highlands Prime Inc and Belle Corp.
Activist investors are starting to earn the respect of U. S. institutional investors like mutual fund and state-run pension fund.
French media group Lagardere has raised $3 billion from the sale of its 7.4 percent stake in Europe’s top aircraft maker EADS.
Techno Group, a subsidiary of Gulf Capital, has acquired Dogu Tip. Gulf Capital, the private equity firm based out of Abu Dhabi announced last Wednesday that one of its portfolio companies has purchased a 75% stake in a diagnostic imaging services company.
An activist shareholder has questioned Dell Inc.’s evaluation of a $24.4 billion leveraged buyout deal with buyout firm Silver Lake.
PhosAgro has offered a share offering to the public worth about US$500 million. PhosAgro, the largest fertilizer company of Russia had raised about US$500 million in a share offer made last Wednesday.
Two global insurers are in the running to purchase HSBC Plc's life insurance unit in India. Manulife Financial Corp of Canada and its Indian afflilate Standard Life Plc are among the bidders for the HSBC Plc's Indian life insurance unit.
After approval of the Colombian government, the plan of Telefonica SA is to offer its Colombian unit for public listing in an IPO.
The European Financial Stability Facility was met with strong Asian demand for five year securities at interest of 0.875%.
