M & A wrap: Alibaba interested in Yahoo
Jack Ma, CEO of Chinese e-commerce giant Alibaba, is keen on buying Yahoo if the opportunity presents itself and has held discussions with other potential buyers about options. The potential deal is raising privacy concerns, reports the Financial Times. The WSJ also looks at what role Beijing would play in a merger.
Private equity funds in the Middle East and North Africa, under increasing pressure to produce returns for investors, have strategic buyers, including sovereign wealth funds, looming larger on their deal radar.
Pharmaceutical Product Development said it agreed to be acquired by private equity firms Carlyle Group and Hellman & Friedman in an all-cash deal valued at $3.9 billion, the latest in a string of private equity takeovers in the healthcare industry.