Tuesday, 30 January 2018

Reuters Deals Today: January 30, 2018

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Tuesday, January 30, 2018
SAP forces the pace on cloud, buys $2.4 billion U.S. software firm
WALLDORF, Germany (Reuters) - Europe's top technology company SAP announced a $2.4 billion U.S. acquisition to help it boost revenues from its cloud platform and CEO Bill McDermott said it would streamline its overall business this year to bolster margins.
Exclusive: Blackstone in talks to buy majority stake in key Thomson Reuters unit
LONDON (Reuters) - U.S. private equity firm Blackstone Group LP is in advanced talks to buy an approximate 55 percent stake in the Financial and Risk business of Thomson Reuters Corp, a deal that would value the unit at about $20 billion including debt, three sources familiar with the matter said on Monday.
Wanda gets lift as Tencent-led group invests $5.4 billion in property unit
HONG KONG (Reuters) - Dalian Wanda Group's commercial property arm has snagged a $5.4 billion investment from a group led by tech giant Tencent Holdings, one of the Chinese conglomerate's biggest deals aimed at easing financial strains and streamlining operations.
Uber sells vehicle lease portfolio of unit to startup firm Fair
(Reuters) - Ride-hailing firm Uber on Tuesday said it would sell vehicles and the existing lease portfolio of its auto-leasing business Xchange Leasing to startup digital car marketplace Fair.
Israel's Teva Pharm to raise $5 billion in debt securities
JERUSALEM (Reuters) - Teva Pharmaceutical Industries said on Tuesday it planned to raise $5 billion of debt securities as it pushes ahead with a global overhaul aimed at cutting costs and managing its massive debt burden.
Noble's creditors in driver's seat as group seeks to slash debt
SINGAPORE (Reuters) - Noble Group's shares slumped 12 percent on Tuesday after the crisis-wracked commodity trader proposed a deal under which existing shareholders' equity would be nearly wiped out, while the restructured company would have much lower debt.
Israel's Blockchain Mining looks at Nasdaq, Toronto listings
TEL AVIV (Reuters) - Blockchain Mining Ltd said on Tuesday it was preparing to list its stock on Nasdaq and the Toronto Stock Exchange by July after Israel's market regulator said it might ban companies involved in cryptocurrencies from the Tel Aviv exchange.
Brazil's Fibria approached by Paper Excellence to create pulp behemoth - newspaper
SAO PAULO (Reuters) - Brazilian pulpmakers Eldorado Brasil Celulose SA and Fibria Celulose SA may form a joint venture to combine operations at Três Lagoas, in the state of Mato Grosso do Sul, Valor Econômico reported on Tuesday without naming sources.
Varian Medical swoops on Australia's Sirtex as medical M&A soars
SYDNEY (Reuters) - U.S. cancer-treatment company Varian Medical Systems agreed on Tuesday to buy Australian liver-cancer treatment maker Sirtex Medical for $1.3 billion, the latest in a wave of big M&A deals sweeping the global healthcare sector.
Informa expects 60 million pounds in annual cost savings from UBM deal
LONDON (Reuters) - Britain's Informa will achieve cost savings of at least 60 million pounds ($84.6 million) a year from its takeover of rival UBM , it said on Tuesday.
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