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4/5/21: What’s Going On

News from around the business world.
(fizkes)
(fizkes)
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“KKR & Co. agreed to pay $3.37 billion for a 20% stake in a Sempra Energy unit comprising the U.S. company’s infrastructure assets, including a liquefied natural gas project and a Mexican renewables and pipelines operator. The deal values Sempra Infrastructure Partners at about $25.2 billion, including expected asset-related debt, Sempra said Monday in a statement.”

“While Covid-19 ravaged the broader American economy, the largest U.S. employers added more jobs than they cut. Overall, global employment rose by about 370,000 people among the 286 members of the S&P 500 that filed annual reports between July 1 and March 31, a Wall Street Journal analysis of securities filings shows.”

Companies Raising Capital
NameAmountDescriptions
Meesho$300 MillionIndian Social Commerce Startup
dLocal$150 MillionUruguayan Payments Startup
FinanZero$7 MillionBrazil’s Free Online Credit Marketplace

“A Maryland hotel magnate and a Swiss billionaire have made a bid for Tribune Publishing Co. that the newspaper chain is expected to favor over a takeover deal it already struck with hedge fund Alden Global Capital LLC.”

“Republican Sen. Roy Blunt of Missouri on Sunday urged the Biden administration to cut its $2 trillion infrastructure plan to roughly $615 billion and focus on rebuilding physical infrastructure like roads and bridges.”

“General Motors unveiled an all-electric Hummer SUV Saturday that will top $110,000 when it goes on sale in 2023. The vehicle will be the stablemate to an upcoming Hummer pickup that’s scheduled to go on sale this fall.”

“Suez Canal authorities said Saturday they have cleared the massive traffic backlog that resulted when a giant container ship got stuck and blocked the important waterway, disrupting global trade.”

“Pioneer Natural Resources Co.’s $6.4 billion deal to buy DoublePoint Energy this week is the latest sign of renewed interest in smaller shale drillers as oil prices recover from last year’s pandemic lows.”

“Swiggy has raised about $800 million in a new financing round, the Indian food delivery startup told employees on Monday, as it looks to expand its business in the country quarters after the startup cut its workforce to navigate the pandemic.”

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