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

CROMWELL PROPERTY GROUP SELLS FOUR INDUSTRIAL ASSETS FOR $100 MILLION
Cromwell sells four industrial assets for $100 million.
AT&T plans to divest its wireline assets in Connecticut for $2B to Frontier
On Tuesday, AT&T agreed to sell its wireline assets in Connecticut to Frontier Communications for $2 billion in cash in order to fund the US phone company's ongoing massive network upgrades.
Statoil invests in Azerbaijan gas field, sells project stake
Norway-based oil company Statoil ASA (STO) said on Tuesday it has decided to invest in the Shah Deniz gas field development in Azerbaijan, together with its consortium partners.
Dubai World subsidiary exits 50% stake in landmark hotel Fontainebleau Miami Beach
Istithmar World, a subsidiary of state-owned conglomerate Dubai World, has sold its 50% stake in Fontainebleau Miami Beach to Florida-based developer Turnberry Ltd. for an undisclosed sum.
Australian agribusiness Ruralco to raise $25M through share offering
Australia-based agricultural firm Ruralco Holdings Ltd will raise $25 million for the company's growth through a fully underwritten institutional placement that prices its shares at $3.25 apiece.
US regulators clear Gannett's $1.5 billion Belo takeover, obliges Belo to divest KMOV
US antitrust regulators gave the green light to Gannett Co. Inc.'s $1.5 billion purchase of Belo Corporation as long as the deal excludes St. Louis television station KMOV-TV.
JPMorgan Chase & Co said to exit global investment unit- source
A person familiar with the matter told Bloomberg that JPMorgan Chase & Co plans to divest its global investment unit based in Hong Kong so it can simplify its operations.
Citigroup Inc sells private equity unit to abide by Volcker Rule
To follow the requirements of the Volcker Rule, Citigroup Inc sold private equity unit Metalmark Capital, Bloomberg reported. The terms of the deal were not disclosed.
Sale of French construction firm Materis' subsidiary stalls
The proposed sale of ParexGroup, the industrial mortars business of construction company Materis, has stalled after the highest bids only reached €800 million. Materis and its private equity backer We
Google Ventures grows into a $1.2B firm in assets managed, 9 exits, 75 new investments in 2013
Google Ventures released its year-end data and, and TechCrunch noted that it has done tremendously, quieting critics who had said that the investment arm of Google Inc had not secured any major deals
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