Tag: deal

Fitch Group agrees deal for CreditSights to bolster debt research
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Fitch Group agrees deal for CreditSights to bolster debt research

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Fitch Group, the parent company of the credit rating agency, has agreed to buy the debt research company CreditSights in the latest bout of consolidation in financial information. The US group, owned by media conglomerate Hearst, announced the deal on Thursday, buying CreditSights from its founders and other investors for an undisclosed sum.  The financial… Continue reading Fitch Group agrees deal for CreditSights to bolster debt research

US development bank strikes deal to help Ecuador pay Chinese loans
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US development bank strikes deal to help Ecuador pay Chinese loans

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The US International Development Finance Corporation has struck a deal to help Ecuador repay billions of dollars in loans to China in exchange for excluding Chinese companies from its telecommunications networks. Adam Boehler, the chief executive of the US development bank, signed the deal at an event with Ecuadorian President Lenín Moreno on Thursday, calling… Continue reading US development bank strikes deal to help Ecuador pay Chinese loans

Mick Fleetwood goes his own way with BMG rights deal
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Mick Fleetwood goes his own way with BMG rights deal

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Mick Fleetwood has sold his share of future royalties derived from Fleetwood Mac songs to music company BMG, underscoring the increasingly fragmented nature of the lucrative song rights market as individual artists strike their own deals. The drummer, who co-founded the band in the 1960s, is the third member of the band to sell a… Continue reading Mick Fleetwood goes his own way with BMG rights deal

Northern Ireland loses new Stena ferry as Brexit deal disrupts trade
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Northern Ireland loses new Stena ferry as Brexit deal disrupts trade

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Ferry operator Stena has removed a new vessel from a service between Northern Ireland and Britain in the latest sign that post-Brexit trade rules are driving traffic away from the UK. The company has instead deployed the Stena Embla in the Republic of Ireland to meet surging demand for direct shipments to and from mainland… Continue reading Northern Ireland loses new Stena ferry as Brexit deal disrupts trade

EU clears LSE’s $27bn Refinitiv deal
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EU clears LSE’s $27bn Refinitiv deal

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EU regulators have approved London Stock Exchange Group’s $27bn purchase of data and trading group Refinitiv, removing the last major obstacle to a deal that will create a new powerhouse in financial markets. Competition authorities in Brussels on Wednesday formally signed off on the deal after accepting concessions made by the LSE, notably the UK… Continue reading EU clears LSE’s $27bn Refinitiv deal

Germany seeks global corporate tax deal with Biden administration
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Germany seeks global corporate tax deal with Biden administration

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German Finance Minister Olaf Scholz has said he will seek an agreement with the new Biden administration on global business tax rules, as hopes rise in Berlin that the end of the Trump presidency will usher in a new era of multilateral cooperation. Speaking at a Reuters conference in Berlin on Tuesday, he said the… Continue reading Germany seeks global corporate tax deal with Biden administration

Sixth Street nears deal to take control of sports group Legends Hospitality
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Sixth Street nears deal to take control of sports group Legends Hospitality

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The private investment group Sixth Street Partners is nearing a deal to take a majority stake in Legends Hospitality, the sports and entertainment company co-owned by New York Yankees and the Dallas Cowboys, that would value the group at $1.35bn, according to people briefed on the discussions. The deal, which could be announced as soon… Continue reading Sixth Street nears deal to take control of sports group Legends Hospitality

Crypto marketplace Bakkt to go public through Spac deal
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Crypto marketplace Bakkt to go public through Spac deal

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Bakkt Holdings, a cryptocurrency platform majority owned by Intercontinental Exchange, has announced plans to go public through a combination with a blank-cheque company, bringing together two of the frothiest elements of US markets. New York Stock Exchange parent ICE on Monday said Bakkt has agreed to combine with a Spac sponsored by Chicago-based investment firm… Continue reading Crypto marketplace Bakkt to go public through Spac deal

Marks and Spencer seals Jaeger deal
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Marks and Spencer seals Jaeger deal

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Marks and Spencer is set to acquire upmarket womenswear brand Jaeger out of administration in what would be its first fashion acquisition in almost two decades. Richard Price, who joined M&S from Tesco last year as head of clothing and home, said on Monday: “We have bought the Jaeger brand and are in the final… Continue reading Marks and Spencer seals Jaeger deal

KKR joins music rights party with Ryan Tedder deal
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KKR joins music rights party with Ryan Tedder deal

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KKR has joined a feeding frenzy for lucrative song rights after agreeing to buy a majority stake in the catalogue of songwriter Ryan Tedder who has penned hits for Beyoncé, Adele, Paul McCartney and Stevie Wonder. Mr Tedder, alongside Max Martin and Jason “Poo Bear” Boyd, is one of a number of professional hitmakers behind… Continue reading KKR joins music rights party with Ryan Tedder deal