TRVE Brewing Relocates Production Amid Craft Beer Industry Shifts
Denver-based TRVE Brewing has announced the closure of its Acid Temple facility amid industry challenges post-COVID-19 pandemic.
Deals
Israeli Cybersecurity Startup Wiz Rejects Google’s $23 Billion Acquisition: Report
The startup said it will instead focus on reaching $1 billion in revenue before considering publicly selling its shares.
Barbie Creator Mattel's Shares at an Uptick After L Catterton Reveals Buyout Offer
French private equity firm L Catterton reportedly approached toymaker Mattel with an offer to acquire it, according to several sources quoted by Reuters...
Aurea Group Agrees to Acquire The Body Shop Out of Bankruptcy for Undisclosed Amount
The Aurea Group and several investors are expected to acquire The Body Shop after it announced its bankruptcy earlier this year...
US Online Spending Surge to $7.2 Billion, Thanks to Amazon Prime Day Frenzy
The first day of Amazon's Prime Day event in the U.S. saw $7.2 billion in online sales, surpassing expectations and marking an 11.3% increase from the previous year...
Macy’s Ends Buyout Deal with Arkhouse, Brigade After Talks Deteriorate
The board of the department store Macy’s unanimously decided to termin...
Chinese Carbon Tech Firm XDS Invests on Mark Cavendish’s Cycling Team Astana Qazaqstan
Chinese carbon bicycle technology manufacturer XDS confirmed Monday (J...
Latest News
Universal Music Group Announces Job Cuts After TikTok Deal Talks Fail
Universal Music Group (UMG) announced Wednesday that it would reduce its workforce and streamline operations to save €250 million ($27 million) by 2026.
US Regulatory Agency Moves to Block $25 Billion Kroger-Albertsons Supermarket Merger
The US Federal Trade Commission (FTC) sued Kroger and Albertsons to stop their $25 billion merger.
MWC 2024: Hewlett Packard Enterprise, Juniper Networks CEOs Discuss $14 Billion Merger Deal Benefits
The Hewlett Packard Enterprise (HPE) is set to acquire Juniper Networks in a $14 billion deal.
Shein Is Eyeing London IPO Due to Challenges of Listing in the US
Shein is reportedly looking into switching its initial public offering (IPO) from New York to London due to possible issues with a listing in the United States.
Stellantis Partners With Ayvens to Sell 500,000 Cars in Europe, Promoting Sustainable Transportation
Stellantis signed a multi-billion-euro framework arrangement with Ayvens to sell 500,000 automobiles in Europe over three years.
Walmart Signs $2.3 Billion Deal With Vizio To Expand Advertising Business
This year, the advertising business is Walmart's priority as they sign a billion-dollar deal with Vizio to tap into more audiences.
Warren Buffett-Backed Capital One to Buy Discover Financial in $35 Billion Deal
Warren Buffett-backed Capital One is set to acquire US credit card issuer Discover Financial Services in an all-stock deal valued at $35.3 billion.
Polymetal International Sells Its Russian Assets to Siberian Gold Miner for Nearly $3.7 Billion
Polymetal International announced on Monday that it agreed to sell its Russian assets to a Siberian gold miner for approximately $3.7 billion.
London Stock Exchange Group Plans to Increase CEO Pay
The London Stock Exchange Group (LSEG) is considering doubling CEO maximum pay amid concerns on UK firms' US listings and competition from high-paying American tech companies.
