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Thursday, August 31, 2017

Toshiba misses target date for chip unit sale, increasing business risks

TOKYO (Reuters) - Toshiba Corp failed to seal a deal to sell its prized chip business by an internal deadline of Thursday, raising doubts about whether it can plug a balance sheet hole in time to avoid a delisting and keep the unit competitive.

New Uber CEO promises change, sees IPO in 18-36 months

SAN FRANCISCO/GEORGETOWN, Del. (Reuters) - Uber Technologies Inc's new Chief Executive Dara Khosrowshahi told employees on Wednesday the ride-services company would change its culture and may go public in 18 to 36 months.

AstraZeneca sought to buy Japan's Daiichi Sankyo last year: report

TOKYO (Reuters) - Britain's AstraZeneca PLC offered to buy peer Daiichi Sankyo Co Ltd last year, a business magazine reported on Thursday, sending the Japanese drugmaker's share price soaring as much as 13 percent and triggering a trade suspension.

Bertelsmann aims to close Penguin Random House deal in fourth quarter

FRANKFURT (Reuters) - German media group Bertelsmann aims to close its $1 billion deal to raise its stake in Penguin Random House to 75 percent in the fourth quarter, it said on Thursday.

Elliott demands at least 74.40 euros/share for its Stada stake

FRANKFURT (Reuters) - Activist investor Elliott Management said on Thursday it wanted at least 74.40 euros per share for its stake in Stada as private equity firms Bain Capital and Cinven seek to tighten their grip on the German generic drugmaker.

BBVA in talks to sell Chilean bank to Scotiabank

MADRID (Reuters) - BBVA said on Thursday it was looking at the possible sale of its retail bank in Chile after Canada's Bank of Nova Scotia expressed an interest in buying up to 100 percent.

Woehrl wants to team up with another bidder to buy Air Berlin

FRANKFURT (Reuters) - German aviation investor Hans Rudolf Woehrl wants to tie up with another bidder, preferably Lufthansa , to buy up insolvent Air Berlin and turn it into a charter carrier, his firm Intro said on Thursday.

France's Galeries Lafayette to buy out online retailer La Redoute

PARIS (Reuters) - French luxury department store Galeries Lafayette is to buy a majority stake in online and catalog retailer La Redoute, the companies said on Thursday, in a deal Lafayette said would deliver cost-savings and boost its digital businesses.

Chinese magnate revamps Hollywood deal amid crackdown on overseas investment

BEIJING/SHANGHAI (Reuters) - A Chinese magnate, known for the purchase of English soccer club Aston Villa, has revised a plan to buy the majority of a Hollywood studio for $100 million due to increased government scrutiny over outbound deals in the entertainment sector.

Germany's Ceconomy shrugs off challenge to Fnac Darty stake

BERLIN (Reuters) - German consumer electronics retailer Ceconomy rejected on Thursday criticism by a minority shareholder of its purchase last month of a stake in French music and book retailer Fnac Darty.