Exits

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.


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...

Italy Formally Withdraws From Belt and Road Agreement With China

Italy has officially informed China that it is withdrawing from the Belt and Road Initiative (BRI), marking a significant shift in its international economic alliances...

SoFI Is Exiting the Crypto World — Here Are the 3 Best Alternatives for Trading Crypto

SoFi Invest is exiting the cryptocurrency world amid increased regulatory scrutiny...


Latest News

Marvell says not in talks with shareholder KKR on a buyout
Marvell Technology Group Ltd on Wednesday said it is not in talks with KKR & Co on a major transaction such as a buyout, a little over two weeks after the private equity firm reported a 6.8 percent st
Sandell Asset Management renews call for breakup of Greyhound unit
New York-based investment firm Sandell Asset Management has again pressured FirstGroup, the owner of Greyhound bus, to split the company and revamp its operations, Bloomberg reported.
Vietnam to exit stakes in airline, state-owned firms
The Vietnamese government plans to exit its stakes in 11 state-owned companies under the transport ministry via stock market listings to boost economic productivity and growth.
Bahrain's GFH agrees to sell part of Leeds United stake
Bahrain-based investment firm Gulf Finance House (GFH) agreed to sell part of its stake in West Yorkshire-based soccer club Leeds United for an undisclosed amount.
US apparel retailer Aeropostale approaches private equity firms to explore exit -Bloomberg
New York, US-based clothes retailer Aeropostale Inc contacted private equity groups amid pressure from investors to sell itself, according to sources cited in a Bloomberg report.
Mobius still betting on Thai investments even after first largest drop in 14 years- report
Emerging markets fund manager Mark Mobius is still betting heavily on Thailand, despite his Asia fund's largest decline in more than a decade, according to reports.
GAO upholds challenge from losing bidder, says SAIC Inc spinoff invalidates NASA contract
The Government Accountability Office said the spinoff of SAIC Inc invalidated the health services contract awarded to it by the National Aeronautics Space Administration, Bloomberg reported.
UBS AG's Ermotti denies spinoff of investment banking operations
UBS AG Chief Executive Officer Sergio Ermotti belied rumors that the biggest lender in Switzerland will be spinning off its investment banking business, Bloomberg reported.
Alcatel-Lucent in talks to divest enterprise business- sources
Alcatel-Lucent is in talks with interested buyers, including Unify GmbH & Co. KG, for the sale of its enterprise business, according to sources interviewed by Bloomberg.
Activist investors seek overhaul of property portfolio of British grocery chain Wm Morrison- report
Activist investors like Elliott Associates are seeking for an overhaul of the property portfolio of Wm Morrison, the fourth largest supermarket chain in Britain, the Financial Times reported.
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