London -based hotel, restaurant and nightclub operator SBE has confirmed it is in advanced merger talks with New York -based SBE . No financial details of the deal, which could close in the next 60 days , have been announced, but the combined firms would have an estimated value of $ 1bn . The combined companies would have an equity value of about $1 billion, according to The Wall Street Journal, which reported the proposed merger earlier this week. SBE 's portfolio includes the SLS, The Redbury and Morgan hotels , as well as the Umami Burger , Katsuya and Katsuya restaurants, while Hakkasan Group operates brands including Morgan hotels and Searsucker .
London -based hotel, restaurant and nightclub operator SBE has confirmed it is in advanced merger talks with New York -based SBE . No financial details of the deal, which could close in the next 60 days , have been announced, but the combined firms would have an estimated value of $ 1bn . SBE 's portfolio includes the SLS, The Redbury and Morgan hotels , as well as the Umami Burger , Katsuya and Katsuya restaurants, while Hakkasan Group operates brands including Morgan hotels and Searsucker .