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Volkswagen plans a $193bn investment in EV battery development.?
Microsoft inks licensing deal with cloud gaming provider Boosteroid.
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Apollo Global Management, Inc. , a high-growth, global alternative asset manager, agreed to acquire Univar Solutions , a global specialty chemical and ingredient distributor, for $8.1bn.
"Univar is a global leader in specialty chemicals and ingredients distribution, fueling a vast array of industries with innovative, safe and sustainable solutions. In recent years, David and his team have made tremendous progress enhancing the customer experience, and we believe Univar can accelerate its long-term strategy as an Apollo Fund portfolio company. We look forward to leveraging our extensive experience in the sector to support management in this exciting next phase," Sam Feinstein, Apollo Partner.
Univar Solutions is advised by 德意志银行 , 高盛 and Wachtell, Lipton, Rosen & Katz (led by? Andrew Brownstein ?and? John Robinson ). Apollo is advised by BMO Capital Markets , 法国巴黎银行 , 瑞信 , Guggenheim Partners , 汇丰 , J.P. 摩根 , Mizuho Securities , RBC Capital Markets , 富国银行 and Paul, Weiss, Rifkind, Wharton & Garrison LLP (led by? Taurie Zeitzer ?and? Justin Rosenberg ). ADIA is advised by Cleary Gottlieb Steen & Hamilton LLP .
Blackstone , an American alternative investment management company, agreed to acquire Cvent , a meetings, events and hospitality technology provider, from Vista Equity Partners , a private equity firm, for $4.6bn.
"We are excited to share this announcement and look forward to our next chapter alongside the Blackstone team. As one of the world's largest private equity firms, Blackstone brings deep expertise in the event and hospitality industry, and with their backing, we plan to continue to invest in our business and deliver the innovative solutions that meet our customers' needs and power the meetings and events ecosystem," Reggie Aggarwal, Cvent Founder and CEO.
Cvent is advised by J.P. 摩根 , Qatalyst Partners , Goodwin , Kirkland & Ellis (led by? David Klein ,? Daniel Wolf ?and? Chelsea Darnell )?and Sloane & Company (led by? TJ White ). Blackstone is advised by Evercore , 摩根士丹利 , 瑞银集团 and Simpson Thacher & Bartlett LLP .
STG – Symphony Technology Group -led consortium, agreed to acquire Momentive.ai , an experience management company that offers cloud-based software in brand insights, for $1.5bn.
"This new chapter will enable Momentive to advance our long-term strategy and mission. STG’s 20 years of investment experience in software, analytics, and data companies will provide us with invaluable expertise as we scale our customer base and product suite. Today’s volatile business climate necessitates that organizations consistently collect feedback from their stakeholders. That’s where we shine,” Zander Lurie, Momentive CEO.
Momentive is advised by Qatalyst Partners and Wilson Sonsini Goodrich & Rosati . Symphony Technology Group is advised by 普衡律师事务所 . Debt financing is provided by Silver Point Capital, L.P. .?
Volkswagen plans a $193bn investment in EV battery development.?
大众 plans to invest $193bn over five years in areas including battery production and raw material sourcing in a bid to cut electric vehicle costs and protect its market share,?Reuters ?reported.
Over two-thirds of the company's five-year investment budget announced?is allocated to electrification and digitalisation.
Microsoft inks licensing deal with cloud gaming provider Boosteroid.
微软 signed a 10-year licensing deal to bring Activision 's Call of Duty franchise to cloud gaming provider Boosteroid Cloud Gaming 's platform, a move partly aimed at allaying competition concerns over its?Activision acquisition ,?Reuters ?reported.
Ukraine-based Boosteroid's access to Call of Duty is conditional on regulatory approval for the Activision deal. The agreement will also bring Microsoft's Xbox PC games to Boosteroid's cloud gaming platform.
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