Global private equity firm Partners Group Holding AG has confirmed the acquisition of generic drugmaker Pharmathen SA from BC Partners in a deal worth approximately 1.6 billion euros ($1.9 billion). The Swiss-based Partners Group managed to edge out other potential buyers by sealing the deal before the planned auction...
With the demand for travel experiencing a drastic rise in recent times, Delta Air Lines confirmed recently that it expects to remain profitable for the remainder of the fiscal year. Furthermore, the Atlanta, Georgia-based airline revealed that it has exceeded estimates in its latest quarterly earnings. "The days of...
Dominion Energy confirmed on Monday that it has abandoned its sale of its natural gas pipeline to a unit of Berkshire Hathaway due to uncertainty over whether or not antitrust regulators would approve it. The Warren Buffet-led Berkshire planned to acquire Dominion's Questar Pipelines for $1.3 billion in cash...
Saudi Arabia revealed plans for the development of its new national airline targeting international travelers, thereby gearing up to compete head-to-head with existing Middle Eastern rivals Emirates and Qatar Airways. According to two sources familiar with the matter, the new airline is expected to provide all new international flight...
After raising $415 million from a group of investors led by SoftBank Group Corp.’s Vision Fund 2, Dubai-based startup Kitopi has skyrocketed to unicorn status, with the company's valuation exceeding $1 billion.
Following news of the startup's fundraising success, Kitopi Chief Executive Officer Mohamad Ballout explained in an interview that, "We...
In an effort to propel its fundraising efforts, UAE-based oil firm Adnoc raised $1.64 billion through the sale of stocks and bonds to institutional investors. In an announcement by Abu Dhabi’s state oil firm, the deals were completed on Wednesday and saw "significant demand" from both regional and international...
Indoor vertical farming startup Bowery Farming confirmed on Tuesday that it raised $300 million in its latest funding round, led by Fidelity Management & Research Company LLC. This new injection of capital sees the New York-based startup's value inflate to $2.3 billion.
With the coronavirus outbreak shedding light on the...
Hedge fund Elliot Investment Management has urged Duke Energy Corp. to separate into three companies; a move that the New York-based firm expects will attract approximately $15 billion in value for the energy company's existing investors.
While Duke may own an array of high-quality utility franchises, the electric power holding...
The U.S. Department of Labor released its weekly report on jobless claims this Thursday, with initial unemployment claims dropping to a new low since the start of the coronavirus pandemic. This improvement has been largely spurred by the return to in-person activities as more Americans are vaccinated and returning...
French media conglomerate Vivendi SE revealed on Wednesday that its most-prized asset, Universal Music Group, is now worth 33 billion euros ($40 billion). This means that Universal is now worth more than its parent company. With a general meeting scheduled in June, Vivendi has released related documents outlining the...