Global private equity fund CVC said on Wednesday it had raised $6.8 billion for its sixth Asia fund, its largest to date, showcasing strong investor demand in a challenging fundraising.
Warren Buffett-backed consumer bank Capital One plans to acquire credit card issuer Discover Financial Services in an all-stock transaction valued at $35.3 billion to create a global payments giant, the companies said on Monday.
Capital One to buy Discover Financial in $35 3 billion all-stock deal oann.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oann.com Daily Mail and Mail on Sunday newspapers.
Job cuts at western
investment banks in Asia are expected to increase this year as
revenue pressures rise due to deepening economic and market
turmoil in China, even as deal prospects brighten in.
Chinese conglomerate Fosun International is exploring the sale of a minority stake in its luxury resort chain Club Med, targeting a valuation of $800 million for the whole business, according to.