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MoneyGram deal collapse may force rethink at Jack Ma’s Ant

Bloomberg Ant Financial may have to re-tool its global ambitions after stiff US opposition scuppered what would have been its largest overseas acquisition. The Chinese financial services giant controlled by Alibaba co-founder Jack Ma abandoned a plan to buy MoneyGram International Inc. after failing to win approval for the deal from a key government panel. China’s largest online wealth management ...

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Samling prepares $250 million IPO for Bentley dealer

Bloomberg Samling Group, the Malaysian timber giant, is planning an initial public offering of its automotive operations that could raise more than $250 million, people with knowledge of the matter said. Samling is working with advisers to explore a possible dual listing of the business in Kuala Lumpur and Singapore later this year, according to the people. The share sale ...

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BlackBerry, Baidu to work on car software

Bloomberg BlackBerry Ltd.’s efforts to push into self-driving cars took a new step forward as the former smartphone maker signed a deal with Chinese internet giant Baidu Inc. to work together on automotive software. Baidu will bundle BlackBerry’s QNX vehicle operating system into its Apollo self-driving car platform, a set of tools that automakers can use when designing autonomous vehicles. ...

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