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Tag: reportedly

Chinese Uber competitor Didi Chuxing reportedly in talks to launch $80 billion IPO

Chinese Uber competitor Didi Chuxing reportedly in talks to launch $80 billion IPO

Finance
Chinese ride-hailing giant Didi Chuxing is holding talks about an initial public offering (IPO), according to a report.Didi Chuxing was last valued at more than $ 50 billion in December, after raising $ 4 billion from investors including Japanese conglomerate SoftBank. It now wants to reach a valuation of between $ 70 and $ 80 billion through an IPO, The Wall Street Journal reported, citing unnamed sources.The company could go public as early as the second half of 2018, sources told the WSJ, but as talks are in the early stages a set date for the listing is not entirely clear.Didi Chuxing declined to comment on the report when contacted by CNBC.Didi said Tuesday that it was expanding its service to Mexico, a move that pits the company directly against Uber. Didi has also said it wants to ...
Travelport surges 17% after Paul Singer's hedge fund reportedly in talks to get financing for bid

Travelport surges 17% after Paul Singer's hedge fund reportedly in talks to get financing for bid

Finance
Shares of Travelport Worldwide soared 17 percent on Monday after a report said activist hedge fund Elliott Associates is in talks to make a bid for the company. Reuters reported that Elliott, the New York-based hedge fund founded by Paul Singer, has held talks with banks about financing a potential bid for Travelport. The report, citing sources, comes after Elliott said in a regulatory filing it owns 11.8 percent of Travelport's outstanding shares. The hedge fund also said in the filing it would talk to Travelport about exploring a potential sale.The news sent Travelport's stock surging to its biggest one-day gain ever. Matthew Broome, an analyst at Cowen, said Elliott's involvement could bring further gains to the stock."Activist interest in TVPT is understandable, given its positioning, ...
Lions reportedly devour suspected poacher in South Africa

Lions reportedly devour suspected poacher in South Africa

World
South African police are trying to identify a suspected poacher who was reportedly killed and partially devoured by lions in a private game reserve near the Kruger National Park. The man’s mauled remains, including his head, were reportedly found today alongside a hunting rifle and ammunition. "The process of identifying the deceased has already commenced and it might be made possible by the fact that his head is amongst the remains that were found at the scene,” South African Police Service spokesman Lt. Col. Moatshe Ngoepe told the country’s News24. Ngoepe added: “We are now waiting for a person from the family but we are also utilizing our investigative resources to see if we can successfully identify the deceased." Ngoepe told Agence France-Presse news agency: “It seems the victim
New York Giants reportedly trim coaching search to three candidates

New York Giants reportedly trim coaching search to three candidates

Sports
The New York Giants narrowed their coaching search to Josh McDaniels, Matt Patricia and Pat Shurmur, according to a report by the New York Post on Thursday. According to the newspaper, Carolina Panthers defensive coordinator Steve Wilks did get past the first round of interviews. The report also said former Denver Broncos running backs coach Eric Studesville and Steve Spagnuolo, who finished the season as the team's interim coach are not being considered for the position. All three remaining candidates are currently preparing for playoff games and are linked to other openings. Shurmur, who is the Minnesota Vikings offensive coordinator, is considered a candidate for the Arizona Cardinals opening. McDaniels, who is the offensive coordinator for the New England Patriots, also may be a candid...
Market Chatter: Exxon Mobile, Shell Reportedly Win Oil Blocks in Brazil at Auction

Market Chatter: Exxon Mobile, Shell Reportedly Win Oil Blocks in Brazil at Auction

Finance
Shutterstock photoRoyal Dutch Shell (RDS.A, RDS.B) and Exxon Mobil (XOM.N) won blocks in Brazil's pre-salt oil region at an auction on Friday, Reuters reported.Shell won two of the initial four blocks under the hammer as part of consortia and Exxon, in a consortium with Norway's Statoil ( STO ) and Portugal's Petrogal, a unit of Galp Energia (GALP.LS), won another, according to the report.There were no bids for the fourth block, and another four blocks will be auctioned later on Friday, it said.The eight blocks on offer contain a total of more than 12 billion barrels of estimated oil reserves, according to the report.The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.Copyright (C) 2016 MTNewswires.com. All r...