The future of two prominent venues of the Sundance Film Festival in Utah hangs in the balance as their owner, Metropolitan Theaters Corporation, filed for Chapter 11 bankruptcy.
Deals
ByteDance Investors Could Stand to Gain in TikTok Sale, US Lawmaker Claims
A Republican lawmaker from the United States says investors in TikTok's Chinese parent company could potentially gain from a potential sale.
Sats Sells US Military Contractor Unit Maytag Aircraft To Albion River For $61.55 Million
Sats, a Singaporean company known for its aviation services, has recently completed the sale of its military contractor division, Maytag Aircraft, for $61.55 million to optimize operations and focus on core expertise.
HashiCorp Shares Surge 12% After Report of Possible Sale
HashiCorp's shares surged on Friday after it was reported that the software developer was considering a sale.
Japan’s Nippon Steel Is Determined to Acquire US Steel Despite Joe Biden's Opposition
After President Joe Biden voiced opposition to the $14.1 billion plan of Japan's Nippon Steel to acquire US Steel, the Japanese firm said it is committed to pursuing the buyout deal.
Latest News
The Body Shop has ceased operations in the US and is closing dozens of stores in Canada and the UK amid deepening financial troubles.
Bobby Kotick, former Activision CEO, seeks to acquire TikTok amid US government inquiry and concerns over data exchange between ByteDance and China.
Reddit wants $748 million to reach $6.5 billion in its most anticipated IPO in the US. Reddit seeks to generate $748 million, putting its worth at $6.
The $100 billion free trade agreement will boost exports, investments, and job creation while removing most import tariffs on industrial products from the bloc.
Aldi has announced a five-year expansion plan that will see the opening of 800 more of its discount supermarket stores across the US.
Hertz has partnered with Stripe to process worldwide payments for car rentals, ensuring a consistent payment experience across 3,000 Hertz establishments worldwide.
Huawei also has similar agreements with Vivo, Xiaomi, and Oppo, allowing innovation and enabling the development of new products and services without the fear of patent infringement litigation.
US private equity giant Carlyle will buy Southend Airport after a debt settlement. Carlyle, a United States private equity firm, will become the latest foreign corporation to acquire a company in the United Kingdom with the acquisition of Southend Airport after a debt settlement deal.
Accenture has announced its plan to acquire the EdTech startup Udacity. Accenture has announced its plan to acquire the EdTech startup Udacity to bolster its educational offerings in response to the growing demand for AI-focused learning resources.
