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Tencent in Talks With Softbank to Buy Japanese Firm’s Majority Stake in Supercell
May 23, 2016Chinese Internet major Tencent Holdings Ltd. is in talks with SoftBank Group Corp. to buy the Japanese telecommunications giant’s majority stake in Supercell Oy, the Finland-based maker of some of the world’s most popular mobile games, according to people briefed on the discussions.Continue Reading -
Verizon, Buyout Firms Expected to Bid About $2B-$3B in Yahoo Auction
May 19, 2016Verizon Communications Inc. and others are expected to bid around $2 billion to $3 billion in the auction for Yahoo Inc.’s core business, less than what the troubled Internet pioneer was expected to fetch, according to people familiar with the matter.Continue Reading -
Canada’s CPPIB CEO Mark Wiseman to Join BlackRock in Senior Executive Role
May 19, 2016BlackRock Inc. is adding the chief of Canada’s largest pension plan to its ranks of top leaders. Mark Wiseman will join the world’s largest money manager in September as head of global active equity, charged with leading an ongoing turnaround of its stock-picking unit. He will also become chairman of the firm’s global investment committee — a subunit of its executive committee — and chairman of its alternatives business, BlackRock said Thursday.Continue Reading
