Acquisition, Private Equity Firm | featured news

Private equity firms Apollo Global Management LLC and C. Dean Metropoulos & Co are near a deal to buy snack cake brands including Hostess Twinkies and Donettes, two sources familiar with the matter said on Tuesday.

Shares of Dell rose more than 12 percent early Monday afternoon after Bloomberg News reported that the personal computer maker was in talks with at least two private equity firms about going private.

European private-equity firm Permira said it would buy Japanese sushi chain Akindo Sushiro for around $1 billion, making a bet that the popular restaurant brand can expand beyond Japan.

AT&T Inc. on Monday said that it had agreed to sell a majority stake in its Yellow Pages business to the private-equity firm Cerberus Capital for $950 million.

Private equity firm Blackstone Group LP has agreed to sell its 50 percent stake in Universal Orlando to Comcast-controlled NBCUniversal for $1.03 billion.