An office building with the Aon logo is seen amid the easing of the coronavirus disease (COVID-19) restrictions in the Central Business District of Sydney, Australia, June 3, 2020. Loren Elliott | Reuters Aon is nearing a roughly $17 billion deal, including debt, to acquire insurance brokerage USI from private-equity firm KKR, The Wall Street…
Moviegoers watch the film “Ne Zha 2” at an Imax GT Cinema on in Guiyang, China, Feb. 23, 2025. China News Service | China News Service | Getty Images In December, Imax CEO Rich Gelfond opened the door to a sale. Almost nine months later, the company’s stock has hit an all-time high, its box…
Singapore-based Vertex Ventures, backed by Singapore state investor Temasek, has made investments in Chinese robotics startups, including Unitree Robotics. SINGAPORE — Chinese robotics companies shut out of the U.S. by new restrictions on advanced robots can still reach American buyers by building genuine operations in Singapore, according to a Temasek-backed venture firm that counts humanoid…
Minority owner Jeanie Buss of the Los Angeles Lakers and her husband, Jay Mohr, prior a first round NBA playoffs game between the Lakers and the Minnesota Timberwolves at Crypto.com Arena in Los Angeles, April 19, 2025. Keith Birmingham | MediaNews Group | Pasadena Star-News | Getty Images Los Angeles Lakers governor Jeanie Buss is…
Sign on facade of Gong Cha Tea in San Francisco, California, January 22, 2026. (Photo by Smith Collection/Gado/Getty Images) Smith Collection/gado | Archive Photos | Getty Images Bain Capital won a battle to buy a global bubble tea chain as one of its top rivals remains under scrutiny from South Korean regulators. Bain on Thursday…
Procter & Gamble is buying supplement brand Thorne for $3.8 billion, CEO Shailesh Jejurikar said on CNBC’s “Squawk on the Street.” The acquisition, which is set to be announced Tuesday, is a bid for P&G to grow its health and wellness division. The consumer goods giant already owns other health brands, like Vick’s and Oral-B….
A smart acquisition strategy has made Bristol-Meyers, which has bought seven companies since October 2007, a big player in the cancer-treatment industry. Its purchase of Medarex in July added a key drug for metastic melanoma that’s in Phase III trials. The drug has possible multiple indications – industry jargon for its ability to treat more…
Sunglasses are displayed at the reception of the fast-fashion brand Shein’s office in Sao Paulo, Brazil, Dec. 15, 2025. Jorge Silva | Reuters Shein won Beijing’s approval for a Hong Kong listing after it publicly embraced the Chinese roots it spent years playing down. Now investors are questioning whether that blessing can carry a $40-billion-plus…
Shares of Jersey Mike’s fell about 7% during trading on Thursday afternoon after the company made its public market debut on the New York Stock Exchange under the ticker “JMKE.” The stock opened at $21 per share, below its initial public offering pricing of $23 per share, at the midpoint of the expected range of…
Stripe and private equity firm Advent International have reportedly submitted a joint bid to acquire PayPal in a deal worth about $53.4 billion. reuters The proposal was reportedly submitted earlier this month and is backed by approximately $50 billion in committed bank financing. Under the proposal, Stripe and Advent would jointly own PayPal, with each…
