Apple Intelligence Cleared for China as Alibaba and Baidu AI Power iPhone Features 
Uber to Acquire Delivery Hero in $14.8 Billion Deal to Expand Global Food Delivery Business 
United Airlines Beats Q2 Earnings, Raises 2026 Profit Outlook Despite Higher Fuel Costs 
Hyundai Takes Full Control of Boston Dynamics to Accelerate Humanoid Robot and AI Strategy 
Rio Tinto Reports Strong Q2 Iron Ore Sales, Maintains 2026 Production Outlook 
Airbus Signs Cloud Deal With Scaleway to Power Secure AI and Defense Applications 
NY Times Challenges Trump Administration Subpoenas Over Air Force One Report 
Sodexo Unveils Shift & Grow 2030 Strategy, Targets Over 5% Revenue Growth by Fiscal 2030 
Stripe, Advent Offer $53 Billion Deal to Acquire PayPal: Reuters 
Nvidia Partners With Fanuc and Yaskawa to Accelerate AI Robotics in Japan 
SpaceX Stock Falls Below IPO Price as Investors Weigh Losses and Lockup Expiry 
BHP Faces Major Port Hedland Strike as Labor Talks Stall Ahead of Production Report 
Richemont Q1 Sales Beat Forecast as Cartier Demand Drives Strong Growth 
ASML Raises 2026 Outlook as AI Chip Demand Lifts Q2 Earnings 
Apple Intelligence China Approval Lifts Alibaba and Baidu Shares 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
SK Hynix Stock Soars as AI Memory Demand Outlook Fuels Chip Rally 
Australian fund manager Perpetual Ltd has officially ended discussions with private equity giant KKR regarding the sale of its wealth management and corporate trust units. The company cited shareholder interests as the primary reason for terminating the talks.
Initially announced in May last year, the A$2.2 billion ($1.4 billion) deal had been delayed due to an unexpectedly high tax bill. An independent expert reviewed KKR’s revised proposals and found them unfavorable for shareholders, leading Perpetual’s board to reject the terms.
"The board determined that the value and conditions of the revised proposals were not in the best interests of shareholders, and discussions have now ended," Perpetual stated.
Despite the deal collapse, Perpetual remains committed to selling its wealth management business separately. The company did not disclose potential buyers or a timeline for the sale.
KKR has yet to comment on the development.
The termination of talks marks a strategic shift for Perpetual as it explores new options for divesting its wealth management division while focusing on maximizing shareholder value.
