Tencent Holdings and its PE partner Hammer Capital made a buy-out offer for the Chinese car website Bitauto Holdings worth $16 for a share, valuing the firm at less than $1.2B.
The We Company, the owner of WeWork, has diminished the voting power of its CEO and founder Adam Neumann amid changes in its corporate governance deemed to boost demand for its planned IPO.
On Friday, the PG&E Corp power producer stated it had reached an $11.0B settlement agreement with the units representing around 85% of the insurance subrogation claims related to 2017-2018 wildfires.
On Friday, the London Stock Exchange flatly rejected the $39B takeover offer made by Hong Kong bourse, choosing to stick with the planned purchase of Refinitv, the data and analytics group.
Toyota Motor Corp is now using Tesla-style cylindrical batteries, made by Panasonic Corp, for its plug-in China hybrids, such as new Corolla and Corolla sedans, according to Reuters.
The owner of the majority of IKEA stores, Ingka Group, announced on Friday it was set to acquire 80% stake in the Romanian wind farms currently owned by Vestas, the wind turbine maker, in a deal worth $151M.
France's Finance Minister stated on Friday that the European Union must create a set of rules on cryptocurrencies, which are currently unregulated in the EU bloc, due to a necessity to counter possible risks posed by the Facebook-made virtual currency Libra.
Nestle's research institute ai8ms to develop the packaging of the future for its products, which would be more environmentally friendly, after the environmental group Greenpeace identified the company as one of the largest plastic waste producers.
On Friday, Philippines' AllHome Corp has launched an initial public offering worth up to $348M as the activity of the Southeast Asia market picks up from the prior year's depressed levels.
The US energy provider SSE announced on Friday it agreed for a sale of its SSE Energy Services unit to OVO Energy Limited, with the business value of £500M.
On Thursday, shares in the teeth alignment company SmileDirectClub fell 10.7%in the US market debut, as the company's IPO was priced above estimates.
According to sources familiar with the matter, Toyota has begun using batteries for its hybrids on Chinese market similar to ones created by Panasonic for Tesla cars.
The Australian Prudential Regulation Authority stated on Friday that very low interest rates most probably would give advantage to the country's biggest banks as they possessed larger capital than their smaller counterparts.
The US government posted a budget deficit of $200B in August, reaching the fiscal year-to-date deficit of $1 trillion, the Treasury Department reported.
Statistics New Zealand stated on Thursday that higher vegetable and fruit prices and increasing prices for meat, pushed overall prices of food up 0.7% in August.
PEC agreed to cut oil output with over-producing members Nigeria and Iraq promising to trim production 57K bpd and 175K bpd, respectively, aiming to prevent a glut due to soaring US production and slowing global economy.
Mexico's Pemex stated it launched an offer to prepay no more than $14.7B of bonds in the biggest financial operation to shore up the firm since the new President took office.
The Central Bank of Denmark cut its key interest rate to minus 0.75%, a historic low, following the ECB move earlier to lower rates and relaunch scheme of bond purchase.
Google agreed to pay $1.10B to France's authorities to settle probe on a fiscal fraud, which began in 2015 in a deal, which is likely to create legal precedent for other tech firms present in the country.
Telecom Italia's Chairman Fulvio Conti is set to step down from his post, signalling about easing tensions between the company's main shareholders, following a dispute with France'smedia group Vivendi.
On Thursday, the ECB has cut its interest key rates, reducing deposit rate to its record low of -0.5% from -0.4%, as well as announced about the bond purchases resumption to prop up the Euro zone growth, according to the bank's statement.
Waymo is considering to deploy the self-driving technology in the industry of trucking, its CEO John Krafcik announced on Thursday, as the company seeks to take a commercial opportunity provided by a shortage of the human drivers.
On Wednesday, General Electric Co stated it was planning to cut the ownership in the gas and oil company Baker Hughes from 50.4% to 38.4%, seeking to raise $2.7B in the process.
Active Ownership Capital, the activist investor, is opposing Sunrise Communications' planned takeover of the Liberty Global-owned Swiss cable operator UPC worth $6.36B, according to Reuters.