Cheetah Mobile files IPO
Beijing-based Cheetah Mobile Inc. filed an initial public offering with US regulators and appointed JP Mogran, Credit Suisse, Macquarie Capital and Morgan Stanley to be the underwriters for the deal.
Corporations
UMG Denies Involvement in Drake vs. Kendrick Lamar Beef as CEO Faces Shareholders’ Ire
Universal Music Group has denied allegations that it has intervened in the beef between Aubrey “Drake” Graham and Kendrick Lamar Duckworth, while also being under fire after Glass Lewis urged shareholders to revolt against a salary increase for its CEO, Lucian Grainge.
Warren Buffett Issues Grave Warning About AI, Saying It Would Make Scams Far More Convincing, Revving Up Fraud
Berkshire Hathaway Chairman and CEO Warren Buffett has warned about AI scams...
Donald Trump Secures Another $1.6 Billion Worth of Shares in Trump Media
Former President Donald Trump has received another $1.6 billion worth of shares in Trump Media & Technology Group...
Trump Media Investors Finally See Uptick in Their Shares for 2 Straight Days
Trump Media shares closed almost 26% higher on Thursday...
Moderna Pauses Kenya Plant Plan After Losing $1 Billion as COVID-19 Vaccine Demand Slumps
Moderna announced on Thursday that it has decided to halt its plans to...
Donald Trump's Truth Social Stock Continues to Rapidly Fall, Wiping Out Billions of Dollars in Value
Shares of Trump Media & Technology Group, the social media company tha...
Latest News
Plug Power Inc. acquired ReliOn for USD4 million
Plug Power Inc. acquired ReliOn Inc. in an all stock deal valued USD4 million, reported Reuters.
Lufthansa to selloff a part of its IT division
German airline company Lufthansa has been looking at interested parties to acquire a part of its IT business, according to a report from Reuters.
Sanofi looking growth in Africa through acquisitions
Sanofi is looking to grasp a good hold in Africa through acquisition of business units, according to the firm's CEO Chris Viehbacher who told Reuters.
Materialise NV files initial public offering
Belgium-based Materialise NV has filed for an initial public offering with US regulators on Wednesday, according to a report from Reuters.
The Rubicon Project Inc. announces IPO pricing
The Rubicon Project Inc. has announced pricing its initial public offering valued at USD15 per share of common stock listed on the New York Stock Exchange.
Redefine International acquires 40 percent stake BNRI Earls Court
Redefine International announced on Monday its acquisition of a 40% stake BNRI Earls Court in a deal valued GBP6.3 million, reported Ventures Africa.
Marriott International finalizing deal to acquirie Protea Hospitality Group in South Africa
Ventures Africa reported that Marriott International has finalized an acquisition deal for Protea Hotels valued USD191 million.
Apple Inc. to acquire a controlling stake in Renesas Electronics
US smartphone giant Apple Inc. had been in discussion with Renesas Electronics to buy a controlling stake in the company, according to a source familiar with the matter said a Reuters report.
Bitcoin derivatives platform BTC gets funding from Seedcoin
Bitcoin derivatives trading platform BTC.sx has secured funding from Seedcoin Fund, BTC.sx Chief Operating Officer George Samman told Reuters on Tuesday.
