Ben Dummett
Wall Street Journal
Toronto, ON, Canada
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Past articles by Ben:
Private-Equity Giants Settle for Bite-Size Deals
Blackstone, KKR and other buyout firms are using their record war chests to snap up smaller companies in deals that typically are easier to accomplish. → Read More
Eisner’s Bazooka Gum Hits Auction Block
The iconic candy company has attracted interest from buyout firms and could fetch around $700 million in a sale. → Read More
GM may take small stake in Brazilian miner Vale
General Motors Co. has discussed taking a small stake in Brazilian miner Vale SA’s base metals unit, a business that mines and processes nickel and other... → Read More
Amgen reportedly in talks to buy Horizon Therapeutics
The U.S. biotechnology company AMGN was the last of three suitors standing in an auction for Horizon, according to sources cited by The Wall Street Journal. → Read More
Citi to fold Russian consumer bank
Bank had tried to sell the unit before war in Ukraine began → Read More
UPS nears deal to purchase Italian healthcare distributor Bomi Group
United Parcel Service Inc. is nearing a deal to acquire Italy’s Bomi Group, according to people familiar with the matter, as the transportation giant looks... → Read More
Klarna’s Slashed Valuation Creates Losers and a Few Winners
SoftBank and Silver Lake are poised to be among the biggest losers betting on the fintech start-up after it took a dramatic cut in valuation to raise fresh funds. → Read More
Klarna’s Valuation Set to Slip, Bringing Fintech Star Down to Earth
Some viewed Klarna as the next PayPal or Block Inc., companies that have grown by stealing business traditionally dominated by banks. → Read More
Fintech Giant Klarna Slashes Fundraising Ambition
The SoftBank-backed, buy-now-pay-later startup is discussing raising cash at a valuation of around $15 billion, down from 2021’s valuation near $46 billion. → Read More
Bayer’s Troubled Monsanto Megadeal Finally Shows Promise
The German conglomerate’s stock is up 41% this year as food shortages stoked by Russia’s invasion of Ukraine drive demand for seeds and pesticides to boost global crop production. → Read More
Enfamil Maker Reckitt Shops Baby-Formula Unit Amid Shortage
Reckitt Benckiser is pushing ahead with a multibillion-dollar sale of its infant-formula business as severe shortages scramble the key U.S. market. → Read More
SoftBank-Backed Fintech Giant Klarna Looks for New Funds at Lower Valuation
The SoftBank-backed buy-now-pay-later startup, valued last year at $46 billion, could see its valuation fall by one-third in a tough environment for technology companies. → Read More
Philip Morris International in Talks to Buy European Smokeless-Tobacco Rival
The tie-up would help accelerate Philip Morris International’s effort to generate more than 50% of revenue from smoke-free products. → Read More
Boehly-Led Group Said to Have Reached Deal to Buy Chelsea F.C.
The deal, which still requires U.K. government approval, attracted a who’s who of American bidders seeking to acquire the marquee sports brand from Russian oligarch Roman Abramovich. → Read More
Chelsea FC Enters Into Exclusive Talks With Todd Boehly, Part Owner of Dodgers
A group led by Los Angeles Dodgers part-owner Todd Boehly is set to enter exclusive talks to acquire Chelsea Football Club from Russian billionaire Roman Abramovich, according to people familiar with the matter. → Read More
Elon Musk Hints at Twitter Tender Offer With Cryptic Tweet
The Tesla CEO raised the prospect of launching a tender offer to acquire Twitter in a cryptic tweet following his offer to acquire the social-media platform last week. → Read More
Metals Tycoon Sanjeev Gupta Secures $125 Million Loan for U.S. Steel Operations
Liberty Steel USA has secured a $125 million loan from Eclipse Business Capital, replacing financing from Wells Fargo and Bank of Montreal. → Read More
Spotify Rival Deezer Nears Deal to Go Public
French music streaming service Deezer is nearing a deal to go public by merging with a special purpose acquisition company backed by the family behind luxury titan Kering SA, according to people familiar with the matter. → Read More
Deutsche Bank and Commerzbank Shares Tumble After Capital Group Dumps Shares
Capital Group unloaded roughly 5% stakes in both banks, according to people familiar with the sale, generating proceeds equivalent to $1.9 billion. → Read More
Roman Abramovich’s Chelsea Team Sale Poised to Rank Among Biggest in Sports
Several U.S. bidders for the Premier League soccer club have emerged. Net losses have reached more than $1 billion under Roman Abramovich. → Read More