Trump’s Hush Money Trial Has Officially Begun. Here’s What’s At Stake
Jury selection began Monday in the first of former President Donald Trump’s criminal cases to go to trial, a case legal experts say is the weakest and most political but could nevertheless…
Elon Musk must face fraud lawsuit for disclosing Twitter stake late
By Jonathan Stempel NEW YORK (Reuters) – Elon Musk was ordered by a U.S. judge to face most of a lawsuit claiming he defrauded former Twitter shareholders last year by waiting too…
Former CNN Chief Jeff Zucker buys stake in Front Office Sports
(Reuters) – Jeff Zucker-led RedBird IMI has invested in Front Office Sports (FOS) and the former CNN president will join its board as co-chair, the media company focused on sports business said…
SingTel to sell stake in Trustwave for $205 million
(Reuters) – Singapore Telecommunications on Monday said it entered into an agreement with MC2 Titanium, LLC to sell its stake in cyber security business Trustwave for $205 million. Southeast Asia’s largest telecom…
Exclusive-Singapore’s GIC among bidders vying for stake in Vietnam’s third largest grocery chain – sources
By Yantoultra Ngui and Phuong Nguyen SINGAPORE/HANOI (Reuters) – Singapore’s sovereign wealth fund GIC is among investors vying to buy up to 20% stake in grocer Bach Hoa Xanh from Vietnam’s retail…
Xavier Niel buys Czech investor Kretinsky’s stake in Le Monde
PARIS (Reuters) – NJJ Presse, a holding of French telecoms maverick Xavier Niel, has purchased Czech billionaire Daniel Kretinsky’s stake in daily Le Monde and committed to transferring this and its existing…
In New York, Biden says he is running for re-election because democracy is at stake
By Steve Holland NEW YORK (Reuters) – U.S. President Joe Biden, who is raising cash for his re-election campaign while visiting New York for meetings with world leaders, acknowledged concerns about his…
KKR to acquire stake in SingTel’s regional data centre unit for $807 million
By Navya Mittal and Yantoultra Ngui (Reuters) -Singapore Telecommunications (SingTel) said on Monday global investment firm KKR will acquire a 20% stake in SingTel’s regional data centre business for S$1.1 billion ($806.87…
Berkshire sells some HP shares after taking big stake last year
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway said on Wednesday it has sold about 5.5 million shares of HP, undoing part of what has been a large, unsuccessful investment in…
Billionaire Ron Baron owns over $1 billion stake in Musk’s SpaceX – CNBC
(Reuters) – Billionaire investor and fund manager Ron Baron said on Wednesday he owned more than $1 billion worth of shares in Elon Musk’s rocket company SpaceX, in an interview to CNBC.…
Walmart to explore buying majority stake in ChenMed -Bloomberg News
(Reuters) – Walmart Inc is exploring buying a majority stake in ChenMed, a closely held operator of primary care clinics for seniors, Bloomberg News reported on Friday. The companies are in talks…
Saudi Arabia’s STC Group to become Telefonica top shareholder with 9.9% stake
By Andres Gonzalez, Amy-Jo Crowley, Pablo Mayo Cerqueiro and Hadeel Al Sayegh LONDON/DUBAI (Reuters) – Saudi Arabia’s STC Group has amassed a 9.9% stake in Telefonica worth 2.1 billion euros ($2.25 billion),…
Former Treasury Secretary Mnuchin’s PE fund buys Lions Gate Entertainment stake
(Reuters) – Liberty 77 Capital LP, a private equity fund set up by former U.S. Treasury Secretary Steve Mnuchin, has bought a 5.5% stake in Lions Gate Entertainment, according to a regulatory…
Exclusive: Barclays explores sale of stake in $2.5 billion UK payments unit – sources
By Amy-Jo Crowley, Pablo Mayo Cerqueiro and Milana Vinn LONDON/NEW YORK (Reuters) – Barclays Plc is exploring the sale of a stake in the unit that processes payments for UK merchants as…
SoftBank fund cuts stake in India’s Zomato in $115-million deal
BENGALURU (Reuters) – SoftBank Vision Fund on Wednesday sold a 1.17% stake in Indian food delivery firm Zomato in a deal valued at 9.47 billion rupees ($114.7 million), exchange data showed. The…
JPMorgan increases stake in Brazilian digital bank C6 to 46%
By Tatiana Bautzer NEW YORK (Reuters) – JPMorgan Chase & Co has increased its stake in Brazilian digital bank C6 to 46% from 40%, the banks said in a statement on Tuesday,…
Shares of Country Garden set to rise after it sells stake in development
HONG KONG (Reuters) – Shares of Country Garden are set to rise 14.8% on Monday after it sold a minority stake in a mixed development in Guangzhou for 1.3 billion yuan ($178.35…
Investors Millstone and Winter build 3.05% stake in Clariant
ZURICH (Reuters) – Investors David Winter and David Millstone have built a 3.05% stake in Clariant, filings on Swiss bourse SIX showed on Friday, buying back into the Swiss specialty chemicals group…
QIA to take stake in Ambani retail firm at $100 billion valuation
BENGALURU (Reuters) -Qatar Investment Authority will invest $1 billion for a 1% stake in India’s Reliance Retail Ventures, the retail arm of billionaire Mukesh Ambani’s Reliance Industries, nearly doubling its valuation to…
J&J to hold 9.5% stake in Kenvue after share exchange offer
(Reuters) – Johnson & Johnson said on Monday it was expecting to retain a stake of about 9.5% in its newly separated consumer health unit, Kenvue, after completing a share exchange offer.…
SoftBank buys Vision Fund’s stake in Arm at valuation of $64 billion-sources
By Anirban Sen NEW YORK (Reuters) – SoftBank Group Corp has acquired the 25% stake in Arm Ltd it does not directly own from its Vision Fund unit in a deal that…
Goldman Sachs used derivatives to help Exor build $2.8 billion Philips stake, filings show
By Toby Sterling, Pablo Mayo Cerqueiro and Andres Gonzalez AMSTERDAM (Reuters) – Investment company Exor was able to build a 15% stake in Dutch healthcare group Philips without triggering the usual disclosures…
Loss-making Wheels Up to give 95% stake to lenders for $500 million
(Reuters) -Money-losing private jet charter company Wheels Up Experience said on Tuesday it would give up 95% of its common stock in return for a $500 million lifeline from Delta Air Lines…
Activist investor Elliott Investment Management dissolves stake in PayPal
(Reuters) – Activist investor Elliott Investment Management has dissolved its stake in payments giant PayPal, according to a filing with the U.S. Securities and Exchange Commission. (Reporting by Manya Saini in Bengaluru;…
MSCI to acquire remaining stake in Burgiss for $697 million in cash
(Reuters) – Index provider MSCI said on Monday it will acquire the remaining 66% of Burgiss Group, a New Jersey-based provider of data and analytics solutions for investors, for $697 million in…
Australia’s Woodside to sell 10% stake in Scarborough to LNG Japan for $500 million
By Himanshi Akhand (Reuters) -Woodside Energy Group said on Tuesday it had entered a deal with LNG Japan to sell a 10% participating interest in its $12 billion Scarborough liquefied natural gas…
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