EU Opens FSR Probe Into JD.com’s $2.5B Ceconomy Bid
Brussels launched an in-depth Foreign Subsidies Regulation probe into JD.com’s EUR2.2B/$2.5B takeover of MediaMarkt-Saturn parent Ceconomy AG.
Capital Markets
FedEx Freight (FDXF) Joins S&P 500 as Spinoff Closes June 1
FedEx Freight Holding (FDXF) begins trading June 2, replaces EPAM in the S&P 500, and takes American Airlines’ Dow Transports slot as the $3.7B-funded spinoff closes.
Citi, BlackRock’s HPS Strike €15B EMEA Credit Deal
Citi and HPS Investment Partners launch a €15B EMEA private capital program — the European sequel to Citi-Apollo, now with BlackRock’s scale behind it.
Non-Traded BDC Outflows Top Inflows for First Time on Record
Stanger data shows Q1 2026 non-traded BDC gross sales of $4.9B vs $6.9B redemptions met — the first net outflow quarter ever for the $200B-plus segment.
Uber Eyes Full Delivery Hero Bid After 25% Stealth Stake
Bloomberg: Uber holds 19.5% of Delivery Hero plus 5.6% in options. A full bid on the EUR10B Frankfurt-listed delivery giant would reshape global food delivery.
FedEx-Advent $9.3B InPost Tender Opens May 26
InPost’s €7.8B/$9.3B take-private tender from FedEx, Advent, PPF and founder Rafal Brzoska opens May 26 at EUR15.60/share – a 50% premium over Jan 2 levels.
Publicis to Buy LiveRamp for $2.5B in Ad-Tech Data Bet
Publicis Groupe is acquiring data-collaboration platform LiveRamp in an all-cash deal valued at about $2.5B equity / $2.2B enterprise value, betting on first-party data after cookies.
Bullish to Buy Equiniti for $4.2B in Tokenization Bet
Crypto exchange Bullish is acquiring transfer agent Equiniti from Siris in a $4.2B deal to build the first blockchain-native transfer agent for tokenized securities.
CLOs Explained: How Collateralized Loan Obligations Work
What is a CLO? How collateralized loan obligations slice up leveraged corporate loans into rated tranches and where the AAAs actually stand.
Alphabet’s Record $3.6B Yen Bond Funds Its AI Capex Spree
Alphabet sold ¥576.5B ($3.6B) of yen bonds on May 15, 2026 — the biggest foreign issue ever, beating Berkshire’s 2019 record. Why Tokyo, why now.