In a significant development, Tencent Holdings Ltd said, technology investor Prosus NV has sold 2% of its stake for $14.7 billion in what is said to be the world’s largest-ever block trade. In a regulatory filing with the Hong Kong… Read More ›
Strategy
SEC blocks Amazon.com Inc’s move to stop non-binding racial equity audit
In a significant development, the SEC turned down an exemption sought by Amazon.com Inc to stop its investors from considering a shareholder proposal related to racial equity at its upcoming annual general meeting (AGM). The SEC’s decision comes in the… Read More ›
Twitter tried to acquire Clubhouse for $4 billion
According to a report from Bloomberg citing sources familiar with the matter at hand as saying, in recent months Twitter Inc had held discussions to acquire Clubhouse for $4 billion valuation. Discussions are no longer ongoing, and it is not… Read More ›
Shell sees Q1 earnings taking $200M hit from Texas storm
On Wednesday, Royal Dutch Shell said, it expects its first-quarter adjusted earnings to take a hit of up to $200 million due to an extreme cold snap in Texas in the quarter. In a guidance update ahead of its first-quarter… Read More ›
Short-seller Hindenburg Research takes aim at Ebang International Holdings Inc
With short-seller Hindenburg Research stating that it was going short on China’s Ebang International Holdings Inc, shares of the Chinese bitcoin mining machine producer slumped by nearly 20% in early trading. “Ebang claims to be a “leading bitcoin mining machine… Read More ›
Toshiba Corp evaluating $20 billion take-private offer from private equity firm CVC Capital Partners
In a significant development, a source familiar with the matter at hand has revealed, Toshiba Corp is weighing option which include a $20 billion offer from CVC Capital Partners, a private equity firm, to take it private. The development comes… Read More ›
SEC charges actor Zachary Horwitz with operating $690 million Ponzi scheme
In a statement the U.S. Securities and Exchange Commission said it had charged actor Zachary Horwitz with operating a $690 million Ponzi scheme.
Sony Pictures and Amazon Falls set up themed amusement park in Thailand
In a statement Sony Pictures Entertainment and Amazon Falls said, they have teamed up to set up an amusement park in Thailand, based on productions from Sony’s Columbia Pictures studio. The 14-acre Columbia Pictures’ theme and water park named Aquaverse,… Read More ›
Fox Corp sues Flutter Entertainment over dispute in sports betting firm FanDuel
In a statement Fox Corp said, it had filed a lawsuit against Flutter Entertainment for exercising its option to buy a 18.6% stake in U.S. sports betting firm FanDuel Group. According to a report from CNBC, while Fox wants to… Read More ›
Google’s Copying Of Oracle’s Code Was “Fair Use”, Rules US Supreme Court
The Supreme Court of eh United States has ended the decade-long legal tussle between tech giants Google and Oracle over the allegation that Google had copied a an Oracle owned code in Google’s Android operating system. A case against Google… Read More ›
manageria.biz 