Alibaba to Pay $3.6 Billion to Acquire Controlling Stake in Sun Art Retail
Alibaba Group Holding will invest about $3.6 billion to acquire a controlling stake in hypermarket operator Sun Art Retail Group, part of the technology giant's efforts to bridge e-commerce operations with physical stores.
Cimic Agrees to Sell 50% Stake in Thiess to Elliott-Linked Funds
Engineering and construction firm Cimic Group said it agreed to sell a 50% stake in mining unit Thiess to funds advised by Elliott Advisors, capping off several months of talks between the two parties.
Holiday Delivery Crunch Starts Early This Year
Both FedEx and UPS have told some of their largest shippers that most of their capacity is already spoken for. The outlook has sent retailers on the hunt for alternatives.
Zuckerberg, Dorsey and Pichai to Testify on Content Policies
CEOs of Facebook, Twitter and YouTube-parent Alphabet Inc. will appear before a Senate committee on Oct. 28 to face questioning about their policies for moderating content on their internet platforms.
Peter Roth to Step Down as Warner Bros. TV Chief
The longtime production head said he is stepping down early next year after helping to develop such hits as "The West Wing," "The Big Bang Theory" and "Two and a Half Men."
American Equity Chooses Brookfield Deal Over Takeover Offer
American Equity Investment Life Holding rejected a takeover offer by Massachusetts Mutual Life Insurance and Athene Holding and said it reached a partnership with Brookfield Asset Management.
LLR Collects $1.8 Billion to Invest in Lower Midmarket Businesses
Philadelphia-based LLR closed on the capital late last week, after kicking off fundraising for the new vehicle, LLR Equity Partners VI LP, in early March, said Mitchell Hollin, a partner at LLR.
Amazon Primes the Third-Party Pump
With so much going its way already, one might wonder why Amazon.com keeps bothering with Prime Day. The answer is that it seems to have become a profitable endeavor.
Apollo Bets on Royalty Financing to Unlock More Renewable-Energy Deals
Apollo Global Management is betting that a popular form of oil and gas financing-royalty investing-can help it expand its reach in the renewable-energy sector.
Citadel Securities Sues SEC for Approving New Stock-Order Type
Electronic trading giant Citadel Securities sued the Securities and Exchange Commission over the agency's decision to approve a new mechanism for trading stocks at upstart exchange operator IEX Group.
(END) Dow Jones Newswires