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☆ South Africa's Telkom says bigger rival MTN has terminated buyout talks
▼ + stars: | 2022-10-19 | by ( Makiko Yamazaki | David Carnevali | ) www.reuters.com time to read: +1 min

JOHANNESBURG, Oct 19 (Reuters) - South African mobile operator Telkom (TKGJ.J) said on Wednesday bigger rival MTN Group (MTNJ.J) had terminated talks to buy the former in what would have created the country's biggest telecoms company. Telkom said it could not offer MTN assurances to enter into exclusive talks sought by the country's second biggest telecoms service provider. It withdrew the offer later only to come back last month with a revised offer asking Telkom to buy it out. "MTN terminated discussions... as Telkom was not in a position to provide MTN with assurances around exclusivity," Telkom said in a statement. The talks between Telkom and MTN were at an early stage and had not progressed to due diligence, Telkom said, adding that it had not received any binding offer from MTN.

Oct 18 (Reuters) - U.S. rapper Kanye West, who now goes by Ye, has agreed in principle to buy social media platform Parler, which is popular among U.S. conservatives, the app's parent company said on Monday. Here is what you need to know about the social media platform. Parler was founded in 2018 as a self-styled free speech platform. Its hands-off approach to content moderation has made it popular among U.S. conservatives who disagree with content limits on social media sites like Facebook and Twitter. Ye's move comes as others includingTrump and Tesla (TSLA.O) CEO Elon Musk have turned to social media ownership to combat censorship on prominent social media networks.

☆ Moelis hires former Morgan Stanley bankers for healthcare dealmaking
▼ + stars: | 2022-10-18 | by ( David Carnevali | ) www.reuters.com time to read: +1 min

NEW YORK, Oct 18 (Reuters) - Moelis & Co. has hired two former Morgan Stanley bankers, Arek Kurkciyan and Dennis Crandall, as managing directors to help drive dealmaking in the life sciences and outsourced pharmaceutical services sectors for the investment bank. Both Kurkciyan and Crandall were managing directors in the healthcare investment banking unit at Morgan Stanley. Register now for FREE unlimited access to Reuters.com RegisterIn their previous roles at Morgan Stanley, both bankers worked on significant deals involving large healthcare corporations and financial sponsors. In recent months, Moelis has been attempting to shore up its healthcare M&A unit. It recently hired another senior banker Igor Sokolovsky to help with dealmaking across sectors, with a special focus on healthcare.

Oct 19 (Reuters) - Australian miner New Hope (NHC.AX) said on Wednesday it was not part of a consortium with private-equity firms Oaktree Capital Management and Brookfield (BAMa.TO), which according to a report was bidding for Aurizon's (AZJ.AX) East Coast Rail business. read moreAurizon declined to comment on the media report on Wednesday, but pointed to its annual general meeting held last week at which it said the divestment process was "well advanced" and that it would announce a decision next month. Register now for FREE unlimited access to Reuters.com RegisterBrookfield declined to comment on the media report. Shares in coal miner New Hope fell 7% after rival Whitehaven Coal's (WHC.AX) weak quarterly production update. ($1 = 1.5820 Australian dollars)Register now for FREE unlimited access to Reuters.com RegisterReporting by Shashwat Awasthi and Upasana Singh; Editing by Vinay Dwivedi and Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ Consortium including Aker, Trafigura offers to buy OMV's E&P unit -report
▼ + stars: | 2022-10-18 | by ( David Carnevali | Foo Yun Chee | ) www.reuters.com time to read: +2 min

REUTERS/Denis Balibouse/File PhotoVIENNA, Oct 18 (Reuters) - A consortium including Norwegian energy group Aker has made an unsolicited offer to buy most of Austrian oil and gas firm OMV's exploration and production business, according to newspaper report on Tuesday which an industry source confirmed to Reuters. Register now for FREE unlimited access to Reuters.com RegisterAn industry source confirmed the consortium's expression of interest but identified Aker BP as the member rather than Aker ASA. OMV confirmed that it had received a letter expressing interest in its E&P business. The offer also did not include OMV's Romanian unit Petrom or E&P business in Russia, Kurier reported. The consortium estimated the value of the 51% stake in the E&P division at $5.5 billion to $7 billion, Kurier added.

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