In a statement British real estate firms Capital & Counties Properties along with Shaftesbury Plc said, they are in advanced talks on a merger. In the potential merger, Shaftesbury would own 53% and Capco shareholders would own the remainder in a deal… Read More ›
In a statement Brazilian lender Itau Unibanco said, it has acquired a 11.36% stake in XP Inc a brokerage house, for around $1.61 billion (8 billion reais). In a securities filing, XP Inc said, the purchase does not change its governance… Read More ›
In a significant development, a Delaware judge ruled that Tesla Inc’s Chief Executive Officer, CEO, Elon Musk did not unjustly enrich himself when he guided the electric vehicle maker to acquire SolarCity Corp in 2016, when Musk was its chairman… Read More ›
In a significant development Elon Musk has agreed to acquire Twitter Inc for $44 billion in an all cash deal. Musk, who terms himself as a free speech absolutist, was earlier critical of Twitter’s moderation. He aims to place Twitter’s algorithm… Read More ›
On Monday, shares of Japanese automaker Nissan Motor Co Ltd slumped by 5%, marking their biggest fall in more than a month, following a report that Renault SA, its top shareholder, may consider lowering its stake in the company. Last week… Read More ›
Jack Dorsey, who co-founded Twitter Inc, took aim at the social media company in a series of tweets, following Elon Musk’s $43 billion takeover offer. Dorsey, who incidentally is on Twitter’s board, said Twitter’s board has “consistently been the dysfunction of… Read More ›
According to a report from the New York Post, Elon Musk is willing to invest between $10 billion and $15 billion of his own money to take Twitter Inc private. Musk, Twitter’s second-biggest shareholder, has a 9.1% stake in the company…. Read More ›
As per two sources familiar with the matter at hand, CVC Capital Partners has submitted a non-binding expression of interest for a stake up to 49% in Telecom Italia’s (TIM) enterprise services arm. The non-binding approach targets a business of… Read More ›
Shares of Occidental Petroleum Corp rose after Berkshire Hathaway Inc disclosed it had spent around $1 billion to buy additional shares in the oil company, raising its stake to 14.6%. In a regulatory filing, Berkshire disclosed that it owns 136.4 million… Read More ›
The number of Western companies looking to exit from Russia is growing with energy giants BP, Shell, HSBC and the world’s biggest aircraft leasing firm AerCap joining the list. Following Russia’s invasion of Ukraine, Western countries have slapped punitive economic… Read More ›
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