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Deals Rumor Mill: Gland Pharma, SoundCloud, Xplornet

By Benjamin Horney (July 27, 2016, 5:34 PM EDT) -- Shanghai Fosun Pharmaceutical Group Co. Ltd. is putting the finishing touches on a deal to acquire a controlling stake in India-based drugmaker Gland Pharma Ltd., the Economic Times reported on Wednesday. According to the report, the deal will be worth $1.4 billion, and an official announcement could come any day now. Reports in April said Gland Pharma was receiving a ton of interest from multiple suitors, including Advent International and Baxter International. KKR & Co., together with Gland Pharma's founders, hold a roughly 96 percent ownership in the drugmaker....

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