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U Mobile targets US$500mil from IPO

KUALA LUMPUR: U Mobile Sdn Bhd, a Malaysian mobile service provider, is planning to raise about US$500mil in an initial public offering in Kuala Lumpur, according to people familiar with the matter.KUALA LUMPUR: U Mobile Sdn Bhd, a Malaysian mobile service provider, is planning to raise about US$500mil in an initial public offering in Kuala Lumpur, according to people familiar with the matter.

Factbox: From Madison Square Garden to Alibaba, Silver Lake's $43 billion empire

LONDON (Reuters) - U.S. private equity firm Silver Lake has bought a 10% stake in Manchester City's Abu Dhabi-controlled owner, adding to its $43 billion (£33.5 billion) worth of investments which include the world's best-known sports venues and teams as well as technology companies.