Toshiba to sell chip unit to Bain Capital-led group for $18 billion


TOKYO Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange. | Video

AIA close to buying Commonwealth Bank of Australia's $4 billion insurance unit - sources 20 Sep 2017

HONG KONG Hong Kong-based insurer AIA Group Ltd is close to acquiring Commonwealth Bank of Australia's (CBA) insurance business which is likely to be valued at nearly $4 billion, two people with direct knowledge of the matter said.

Creditors back CBS's bid for Australia's Ten Network 19 Sep 2017

SYDNEY Creditors of Australia's embattled Ten Network Holdings Ltd on Tuesday agreed to a A$209.7 million ($167 million) buyout from CBS Corp, effectively ending a battle for control between the U.S. broadcasting giant and Lachlan Murdoch. | Video

Corrected: Norway's $1 trillion wealth fund backs Linde-Praxair deal 20 Sep 2017

OSLO The proposed $74 billion tie-up of German industrial gases group Linde and U.S. peer Praxair got a boost on Tuesday when the world's biggest sovereign wealth fund said it was backing the deal.

Ford, Mahindra alliance reflects pressures on automakers 19 Sep 2017

MUMBAI/DETROIT Ford Motor Co and Indian vehicle maker Mahindra and Mahindra Ltd said on Monday they will launch a strategic alliance to counter challenges posed by fast-changing technology and global competition.

Bayer dismisses antitrust concerns about digital farming 19 Sep 2017

MONHEIM, Germany Bayer said it was unable to propose the sale of any digital farming assets to allay EU concerns about its planned $66 billion takeover of Monsanto.

Australian moguls lose court challenge to CBS' planned buyout of Ten Network 18 Sep 2017

SYDNEY Two Australian media moguls have lost a court challenge to CBS Corp's planned buyout of bankrupt television broadcaster Ten Network Holdings Ltd, giving the U.S. media giant a strong upper hand ahead of a creditor vote on Tuesday.

China's Fosun Pharma to buy smaller stake in Gland Pharma for $1.1 billion 18 Sep 2017

BEIJING/MUMBAI Shanghai Fosun Pharmaceutical Group is trimming the size of the stake it will buy in India's Gland Pharma to 74 percent for $1.1 billion, in a bid to salvage the stalled deal that would be the biggest takeover by a Chinese firm in India.

Northrop Grumman to buy missile maker Orbital for $7.8 billion 19 Sep 2017

U.S. defence contractor Northrop Grumman Corp said on Monday it would buy Orbital ATK Inc for about $7.8 billion in a deal that gives it greater access to lucrative government contracts and expands its arsenal of missile defence systems and space rockets. | Video

Exclusive: Filipino fast food group Jollibee eyes bid for UK's Pret A Manger - sources 18 Sep 2017

HONG KONG Jollibee Foods Corp, popular in the Philippines for its sweet-style spaghetti and fried chicken, is exploring a bid for Britain's Pret A Manger which could value the upscale sandwich chain at over $1 billion, sources familiar with the matter said.