Walmart Sells Most of Japan’s Seiyu to Rakuten and KKR
Rakuten and KKR will seek to shore up Seiyu’s digital operations as demand for online retail grows in Japan amid the pandemic.
Walmart
Carlyle Backs Pharmapacks, as E-commerce Soars
Pharmapacks is an online marketplace that sells brands across sites such as Amazon, Walmart, Target, eBay.
Tata Group Chases E-Commerce Deals to Bolster Retail
India’s conglomerate that sells almost everything from cars to apparel and steel, is seeking to buy Indian online retailers to beef up its presence in e-commerce, reports Bloomberg News.
TDR Capital Buys U.K.-Based Grocer Asda from Walmart for $8.8 Billion
The world’s largest retailer had been seeking to offload Asda for at least two years, and now can focus on the U.S., where it gets three-quarters of its revenue. Walmart is introducing a new subscription program to compete better against Amazon Prime.
UnitedHealth reportedly in talks to buy pharmacy startup DivvyDose
Traditional health insurers are increasingly diversifying into other healthcare service businesses, including care delivery, pharmacy benefits, and technology.
ByteDance asserts control of TikTok and contests $5 billion fee
The world’s most valuable startup sought to play down speculation it’s giving up control of valuable Chinese technology and assets after striking a deal with Oracle and Walmart to create TikTok Global.
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Viral impact: How the coronavirus is affecting M&A and private equity
The Dow Jones plunged more than 1,200 points, as the number of worldwide coronavirus cases soars. To gauge how the middle market is viewing ongoing developments, we seek insights from dealmakers at Alvarez & Marsal, Riverside Co., Merrill Corp. and Paul Hastings.
Sporting goods retailer Modell’s files for bankruptcy
Sports merchandisers have experienced the pain of the retail upheaval that’s led to a wave of bankruptcies and a record number of store closings. The most prominent was Sports Authority.
Pier 1 files for bankruptcy, seeking time to sell troubled chain
Pier 1’s shoppers have been defecting to e-commerce players like Wayfair Inc., as well as conventional giants like Walmart Inc. that have expanded in the category.