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Thursday, January 4, 2018

Exclusive: China's Wanda mulls sport unit IPO and sale of overseas assets - sources

HONG KONG (Reuters) - China's Dalian Wanda Group is considering a Hong Kong listing for its sports assets as part of efforts to rationalize its portfolio that could also include other sales, according to five people familiar with the situation.

LightBay, founded by former Ares execs, raises $615 million for first fund

(Reuters) - LightBay Capital, a private equity firm founded by two former Ares Management LP executives, said on Thursday it had raised $615 million for its inaugural fund, exceeding its fundraising target.

DEA says talks over final merger agreement with Wintershall ongoing

FRANKFURT (Reuters) - Talks over a final agreement to merge BASF's oil and gas unit Wintershall with DEA, a vehicle of Russian billionaire Mikhail Fridman, are still ongoing, DEA said in a statement on Thursday.

Spotify makes confidential filing for U.S. IPO: source

NEW YORK/SAN FRANCISCO (Reuters) - Music streaming service Spotify has filed confidentially with U.S. regulators for an initial public offering and is targeting a direct listing in the first half of 2018 that would allow some longtime investors to cash out, a source familiar with the matter said on Wednesday.

BlackBerry surges on deal with Baidu for self-driving cars

(Reuters) - BlackBerry Ltd and Chinese internet search firm Baidu Inc on Wednesday signed a deal to jointly develop self-driving vehicle technology, sending BlackBerry's Toronto-listed shares up 13 percent to a four-year high.

Exclusive: Apollo nears deal for Fortress' stake in OneMain - sources

(Reuters) - Private equity firm Apollo Global Management LLC is nearing a deal to acquire investment firm Fortress Investment Group LLC's stake in U.S. subprime lender OneMain Holdings Inc , people familiar with the matter said on Wednesday.

Vale is negotiating BHP exit from Samarco venture: source‍

SAO PAULO (Reuters) - Vale SA is in talks with BHP Billiton Ltd over the future of their joint venture, Samarco Mineração SA, and one alternative is for the Brazilian miner to buy out its partner, a source with knowledge of the matter said on Wednesday.

Continental, Bosch to buy 5 percent stakes in map firm HERE

BERLIN (Reuters) - German automotive suppliers Continental and Bosch are to buy stakes of 5 percent each in digital mapping firm HERE to gain more expertise in driver-assistance and other data-based technologies.

Genworth, Oceanwide press on despite U.S. skepticism of Chinese deals

WASHINGTON (Reuters) - Genworth Financial Inc said on Wednesday it was pressing forward on its deal to be acquired by China's Oceanwide Holdings Co Ltd , which has stalled over concerns about Chinese access to sensitive U.S. personal data and faced renewed doubts after the collapse of Ant Financial's proposed purchase of MoneyGram.

Bosch buys 5 percent stake in mapping firm HERE

PARIS (Reuters) - Robert Bosch GmbH, the German auto supplier and engineering group, said on Thursday it had agreed to buy a 5 percent stake in HERE, the digital mapping firm jointly controlled by carmakers BMW , Daimler and Volkswagen's Audi.