The Virginia-headquartered food, pet care, and confectionery giant is preparing to sell bonds worth between $25 billion and $30 billion as soon as next week to help finance its takeover of the Illinois-based maker of Pringles.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
PHOTO: HARRISON KEELY
Mars readying over $25B bond sale to help finance Kellanova bid
The Virginia-headquartered food, pet care, and confectionery giant is preparing to sell bonds worth between $25 billion and $30 billion as soon as next week to help finance its takeover of the Illinois-based maker of Pringles. Read here
Welltower to acquire Amica portfolio for $3.2B
The Ohio-based real estate investment trust specializing in healthcare infrastructure is set to take over the Canadian senior living company’s portfolio from the Ontario Teachers' Pension Plan.Read here
PHOTO: WELLTOWER
DeepSeek’s ‘theoretical’ profit margins hit 545%
The Chinese artificial intelligence startup has declared that its online services could be very profitable, claiming that usage of its V3 and R1 models could potentially generate $562,027 in daily revenue.Read here
PHOTO: DEEPSEEK
NEWS WORTH NOTING
Google’s Gemini now answers video questions
The California-headquartered software and search engine giant is adding a new “Screenshare” feature to its AI assistant that lets users ask it questions using video and content on the screen in real time.Read here
Honor Device pledges $10B for AI in bid for expansion
One of China’s biggest smartphone makers, which got its start as a spinoff from Huawei Technologies, plans to become a contender in the artificial intelligence race. Read here
China’s BYD launches share sale to raise up to $5.2B
The Chinese electric vehicle manufacturer has initiated the sale of its Hong Kong shares via an accelerated book-building, according to a deal term sheet. Read here
PAI close to Motel One investment at $3.6B value
The leading French private equity firm is set to become the majority owner of the German budget hotel chain in a deal valuing the hotel operator at about $3.6 billion. Read here
Prada moving closer to $1.6B deal for Versace
The Italian luxury house is moving closer to a deal to buy the fashion brand from upmarket fashion group Capri Holdings after agreeing to a price.Read here
