News & Analytic Centre

MSP Recovery to go Public via Nearly 33B Mega SPAC Deal

MSP Recovery, which helps recover money from Medicare and Medicaid secondary payments, will go public through a deal with a blankcheck firm, giving the combined company an enterprise value of 32.6 billion in the second biggest SPAC merger. The deal with Lionheart Acquisition Corp II is expected to fetch 230 million in proceeds for MSP, […]
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BlackRock Profit Beats Estimates as Assets Soar to 9.49Tn

Reuters BlackRock Inc, the worlds largest asset manager, reported a betterthanexpected quarterly profit on Wednesday as investors poured more money into the companys funds, boosting its assets under management to new highs. BlackRocks assets under management jumped to a record 9.49 trillion in the second quarter from 7.32 trillion a year earlier. Revenue from investment […]
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Google Expands India Cloud Services

NEW DELHI Reuters Alphabet Incs Google is ramping up cloud infrastructure in India with a second cluster of data centres in and around capital New Delhi to meet increasing customer demands in a key growth market, senior company executives said. The Google cloud region in Delhi and its outskirts is the U.S. tech giants second […]
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Sydney Airport Rejects 17B Buyout Proposal amid Deal Frenzy

SYDNEY Reuters Sydney Airport Holdings Pty Ltd said on Thursday it would reject a A22.26 billion 16.6 billion takeover proposal from a group of infrastructure funds, the biggest of a frenzy of Australian deals fuelled by recordlow interest rates. The operator of Australias largest airport said directors had unanimously concluded the proposal undervalued the airport […]
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HellmanFriedman Raises 24.4B for its Biggest ever PE Fund

July 15 Reuters Hellman Friedman said on Thursday it had closed a 24.4 billion fund, the U.S. private equity firms largest ever, which will allow it to continue targeting largescale investments. Hellman Friedman Capital Partners X, the PE firms tenth fund, was significantly oversubscribed and reached its hard cap, it said. The fund also includes […]
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Zoom to Buy CloudBased Call Center Operator Five9

Reuters Zoom Video Communications Inc announced a 14.7 billion allstock deal to buy cloudbased call center operator Five9 Inc in its largestever acquisition, as competition intensifies in its core videoconferencing sector. The teleconferencing services provider has become a household name and investor favorite in the year since the coronavirus pandemic, as businesses and schools adopted […]
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QuickDelivery Retail Startup Jokr Raises 170 Million

BERLIN Reuters German ecommerce pioneer Ralf Wenzels quickdelivery retail platform Jokr, which has gone live in seven countries since launching barely four months ago, said on Tuesday it had raised 170 million from investors to power growth. The Delivery Hero and Softbank veteran has styled the business as an Amazon on steroids and, with revenue […]
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CocaCola Raises Revenue Forecast as Demand Rebounds

Reuters CocaCola Co raised its fullyear sales and profit forecasts on Wednesday, as demand rebounds for its beverages from the reopening of theaters, restaurants and stadiums. Shares of the worlds largest soda maker rose 2 in early trading. Revenue in CocaColas North America business rose 28 in the second quarter, helped by the vaccineaided reopening […]
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UKs Next Lifts Profit Forecast as Summer Sales Surge

LONDON Reuters British fashion retailer Next lifted its profit forecast on Wednesday after pentup demand for adult clothes and warm weather helped it smash sales forecasts for the last 11 weeks. The mainstay of Britains shopping streets said fullprice sales jumped 19 over the 11 weeks compared with the same period two years ago, before […]
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