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Music-streaming site Spotify has raised $1 billion in convertible debt from investors, a deal that extends the money-losing company’s runway but comes with some onerous guarantees.
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The boards of Sharp and Foxconn will meet separately on Wednesday to discuss a revised takeover package that could initially shave more than $2 billion off the nearly $6 billion price for Japanese electronics maker Sharp.
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Beijing’s Anbang, locked in a bidding war with Marriott over Starwood Hotels, has a complicated web of investors that is difficult to unravel.
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Deals of the Day: Dell Sells IT Arm, Avon Avoids Proxy Fight
Deals of the Day is your one-stop-shop for the morning's biggest news from the finance beat, including M&A, IPOs, banks, hedge funds and private equity.
Investment Banking Revenue Tumbles to Lowest Level Since Financial Crisis
The volatility that racked markets earlier this year is weighing on the performance of investment banks this quarter.
Dealpolitik: Could One Word Doom Thermo Fisher's Affymetrix Deal?
Can a single word in a 35,000-word merger agreement cause a buyer to lose a deal to a higher bidder? In the case of Thermo Fisher Scientific Inc.'s pending buyout of Affymetrix Inc., it's possible.
Slowly, Painfully, Firms Recognize Losses From Energy Deals
Although oil and gas prices began their steady decline in 2014, many private equity firms that invested heavily during the shale boom are only beginning to register the pain.
The Morning Leverage: Hastings Equity Sees Promise in Cactus Fuel
A roundup of private equity-related news.
Shares of Boutique Investment Bank PJT Partners Fall Sharply After Executive's Arrest
Shares are off sharply following charges of criminal fraud against a PJT executive.
The parent company of Los Angeles's iconic Roscoe's House of Chicken and Waffles restaurants has filed for bankruptcy protection, owing more than $3 million to an ex-employee who said he was a target of racial discrimination and sexual harassment.
Parent of Southcross Energy Files for Chapter 11
Southcross Energy's parent filed for bankruptcy, as did Cetera Financial. Also, Molycorp made a deal with bondholders.
Check out the latest bankruptcy moves in Coming and Going Concerns: Kristen Campana, Abigail Lerner, David Sharp and Eric Mark