The pressure on Japanese electronics conglomerate Toshiba is increasing as major shareholders urged the management to seek new options for potential buyers to compete to the $20bn buyout offer from CVC Capital partners, Reuters reported. The intentions of CVC were to take off Toshiba from the stock exchange and transform it in a private company in a move to improve corporate governance and improve market performance.

The Dutch technology company Prosus announced it had agreed terms to sell a package of its shares in Chinese gaming and social media giant Tencent in what proves to be the world’s largest block deal, Reuters reported. The value of the transaction involving a 2% stake is estimated at some 14.7 billion dollars. Tencent, in a Hong Kong Stock Exchange filing, confirmed Prosus sold 191.89 million shares for $14.67 billion, reducing its stake to 28.9%.

The troubled Japanese industrial conglomerate Toshiba eyes a lucrative $20 billion offer from private equity firm CVC Capital Partners, Reuters reported. The offer envisages a large premium for stockholders. The proposed deal, which comes three weeks after shareholders approved an independent probe into the scandal-hit company, could shield managers, particularly Chief Executive Nobuaki Kurumatani, from that scrutiny. It would, however, invite regulatory review given its government work.

IBM announced it had managed to secure a key tie-up deal with the lucrative German startup Celonis, Reuters reported. Celonis uses software to identify how work moves through an organization and suggests more efficient ways of getting the same work done, also known as process mining. IBM will train 10,000 consultants worldwide on Celonis.

The Japanese giant Hitachi announced its plans to expand its business development through acquiring new assets mainly in the US, Reuters reported. The envisaged deal is a planned merger with US software company GlobalLogic Inc for $9.6 billion, as the Japanese industrial conglomerate targets further expansion from electronics hardware to digital services.

WeWork has agreed to go public by accepting a deal with special purpose acquisition company (SPAC), Reuters reported. By finalizing the deal, WeWork will set its market valuation at 9 billion dollars. The targeted deal is with the blank-check firm BowX Acquisition Corp, the Wall Street Journal elaborated on Friday, citing people familiar with the matter.

The leading German insurer Allianz managed to outbid rivals in a move to acquire the Polish unit of UK Aviva in a deal valued at 2.5 billion euros, Reuters reported. Among the outbid companies were Dutch NN and the Italian Generali. Allianz is said to be close to entering exclusive talks with Aviva and an official information is expected by the end of the week.

Rupert Murdoch’s News Corp reached a content-supply deal with Facebook Inc in Australia, the companies said on Tuesday, a step toward settling a dispute that saw the social media giant briefly shut down thousands of pages in the country.

General Electric is combining its aircraft leasing business with Ireland’s AerCap Holdings in a deal valued at more than $30 billion, a big step in what has become a six year odyssey to reshape the one-time sprawling, global conglomerate.

Facebook launched a campaign to sign contracts to use contents, provided by German media, Reuters reported. However, Germany’s major publisher Axel Springer at this point has declined to join the accord.