Self-driving car company Wayve said on Tuesday that it has raised $1.05 billion in a funding round, led by SoftBank Group Corp. of Japan, to speed up its development of vehicles driven by artificial intelligence.
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TOP NEWS

Self-Drive Car Co. Wayve Gets $1B In Softbank-Led AI Funding

By Tom Fish

Self-driving car company Wayve said on Tuesday that it has raised $1.05 billion in a funding round, led by SoftBank Group Corp. of Japan, to speed up its development of vehicles driven by artificial intelligence.

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UK Bar Chain Gets 42 Purchase Offers Amid Talks With Rival

By Tom Fish

Revolution Bars Group PLC said on Tuesday that it has now received more than 40 serious expressions of interest in buying either "assets or subsidiaries" and that 32 of the potential bidders have signed confidentiality agreements with the U.K. pub operator.

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Everton Investors Bemoan Soccer Team Sale Amid Fraud Suit

By Elaine BriseƱo

The Everton FC Shareholders Association wants to slam the brakes on the "farce" sale of its Premier League soccer team to private equity firm 777 Partners LLC, arguing they are not qualified owners, a demand that comes as the firm faces allegations of fraud.

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M&A

Apax Unit Raises €23M From Parent's Sale Of Biz To KKR

By Dawood Fakhir

Investment company Apax Global Alpha said Tuesday that it has raised approximately €22.7 million ($24.4 million) from its parent company's sale of India-based medical devices maker Healthium MedTech Ltd. to investment giant KKR & Co. Inc.

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Orrick Advises Energy Trust On £91M Sale Of Green Biz

By Ashish Sareen

Energy sector investor SEEIT said Monday it has sold its British onsite solar portfolio to UK Power Networks Services Holdings Ltd. for £90.8 million ($114 million) in a transaction guided by Orrick Herrington & Sutcliffe (UK) LLP.

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CAPITAL MARKETS

BP To Return Another $1.75B To Shareholders

By Dawood Fakhir

BP PLC said Tuesday that it will now return $1.75 billion to its shareholders as part of a $3.5 billion buyback program it announced in February when it reported a $13.8 billion profit for 2023.

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PEOPLE

Kingsley Napley Hires M&A Pro From Deloitte

By Josh White

Kingsley Napley LLP has hired a partner from Deloitte LLP as it seeks to expand its corporate practice and its focus on mergers and acquisitions despite the slowdown in the U.K. deals market.

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LAW FIRMS IN TODAY'S NEWS

Bartlett LLP

Charles Russell Speechlys

DLA Piper

Freshfields

Kemp Little

King & Spalding

Kingsley Napley

Kirkland & Ellis

Mishcon de Reya

Morrison Foerster

Orrick Herrington

Simpson Thacher

COMPANIES IN TODAY'S NEWS

777 Partners

Apax Partners

BP PLC

Deloitte Touche Tohmatsu Ltd.

Google LLC

KKR & Co. Inc.

London Stock Exchange Group PLC

Microsoft Corp.

NVIDIA Corp.

PHC Inc.

S&P Global Inc.

SoftBank Group Corp.

Twitter Inc.

Waymo LLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

Bank of England

U.S. District Court for the Southern District of New York