divestment

Bayer sells €3 billion contraceptives stake to Apollo

Bayer announced on Friday that it has secured €3 billion ($3.4 billion) in equity capital from funds managed by Apollo Global Management through a deal involving its long-acting reversible contraceptives business, as the German conglomerate moves to shore up a…

Tencent seeks up to $1.55B from Kuaishou stake sale

Tencent Holdings is seeking to raise as much as $1.55 billion by selling part of its stake in Chinese short-video platform Kuaishou Technology, according to a term sheet reported by Reuters on Monday.

VW advisers push sale of Ducati, Lamborghini after Everllence deal

Volkswagen is facing mounting pressure to sell prized brands including Ducati and Lamborghini as its financial crisis deepens, with advisers pushing the automaker to capitalize on the momentum from its recent Everllence divestiture, according to a report in the Financial…

Tencent negotiates exits from Japan game studios to fund AI push

Tencent Holdings is negotiating exits from several game studio investments in Japan, including Tokyo-traded Marvelous, as part of a sweeping reassessment of its global portfolio, according to people familiar with the matter.