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 terminate its negotiations with Arkhouse Management and Brigade Capital regarding the group’s proposal to acquire the retailer...

Chinese Carbon Tech Firm XDS Invests on Mark Cavendish’s Cycling Team Astana Qazaqstan

Chinese carbon bicycle technology manufacturer XDS confirmed Monday (July 15) that it will invest in the professional cycling team Astana Qazaqstan...

Latest News

Dr. Pepper Outranks Pepsi as Second Largest US Soda Brand
While Coca Cola has a comfortable lead in the US soda market, Dr. Pepper has been inching forward to second place and toppling Pepsi’s traditional ranking.
Paramount, Skydance Agree on Merger Terms; $8 Billion M&A Deal Could Be Announced Soon
Paramount and Skydance agreed on their merger terms. Will Shari Redstone approve the M&A deal? Here are the latest details.
Former ESPN and Turner Chiefs Join Forces for New Women’s Basketball League
Former ESPN President John Skipper and ex-Turner President David Levy are spearheading Unrivaled, a new women’s basketball league launching in January 2025.
Boeing Clinches $7.5 Billion Deal to Develop 'Smart' Bombs for US Military
Boeing has secured a $7.5 billion contract from the US government to convert unguided bombs into Joint Direct Attack Munitions (JDAMs).
Queen's Music Catalog To Be Purchased by Sony; Electronics Giant In Talks With Investor To Make Billion-Dollar Acquisition
Sony wants to purchase Queen's music catalog. The electronics giant is willing to pay $1 billion to acquire it.
Anglo American Turns Down BHP’s $49 Billion Takeover Extension Request
Anglo American's rejection of BHP Group's bid to extend discussions on a proposed $49 billion takeover suggests a potential impasse as the deadline nears, impacting the mining industry and leaving the
Adam Neumann Withdraws $500 Million Offer to Buy Back WeWork
WeWork founder Adam Neumann has withdrawn his multi-million dollar offer to buy back the bankrupt firm.
Royal Mail and Anglo American Prepare for Foreign Takeovers by Czech Billionaire and Australia's BHP
Shareholders of Royal Mail's IDS and mining company Anglo American are bracing for final takeover offers, which could lead to possible foreign ownership of these UK firms.
T-Mobile Purchases US Cellular Operations, Expands 5G Coverage
T-Mobile is acquiring US Cellular’s wireless operations and spectrum assets for $4.4 billion, enhancing its network coverage and capacity while consolidating the industry.
Elon Musk's xAI Valued at $24 Billion After Securing New Funding to Compete Against OpenAI
Elon Musk's AI startup xAI has successfully secured $6 billion in series B funding, propelling its post-money valuation to an impressive $24 billion.
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