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

Italian real estate firm Risanamento inks deal to sell nine of its French properties
Risanamento has announced on Wednesday that the company would sell eight of its properties in France to Chelsfield and The Olayan Group while company shareholder Luigi Zunino was offered one property,
Tech selloff affects silicon valley's wealthiest men
According to Bloomberg's Billionaire Index, the selloff of technology shares caused the wealthiest men in Silicon Valley to lose USD11.5 billion.
Germany's E.ON hires Citi to advise on asset sale
Germany's E.ON hired Citi to advise a sale of its assets in Spain, said sources familiar with the matter who told Reuters.
Liberty Media sells stake in Barnes & Noble
Liberty Media announced selling a controlling stake in Barnes & Noble without disclosing the price and the potential bidders for the transaction, said a Reuters report.
Brookstone Inc. files Chapter 11 bankruptcy protection
Brookstone Inc. filed with US regulators in Delaware Chapter 11 bankruptcy protection to be able to push through a deal with Spencer Spirit Holdings Inc.
Osborne: No government interferance on Lloyds' branches sale
Finance Minister George Osborne made it clear that the government did not interfere with the sale of Lloyds branches to Co-op Bank, reported Reuters.
Sources: Sinopec to sell 30% of its stake in retail assets, hires Goldman Sachs
The biggest refiner in Asia, Sinopec would sell 30% of its shares in its retail assets said sources familiar with the matter but asked not to be named as the talks were held private, reported Bloomber
Lufthansa to selloff a part of its IT division
German airline company Lufthansa has been looking at interested parties to acquire a part of its IT business, according to a report from Reuters.
Canoe 2014 Flow-Through LP Raises $51.4 Million
Canoe Financial LP (the "Manager" or "Canoe") announced today that it has completed the second and final closing for the initial public offering (the "Offering") of limited partnership units ("Units")
Sun Capital Partners sells Certified Power Inc to Brinkmere Capital Partners
Sun Capital Partners has exited Certified Power when its affiliate sold the fluid power and power train solutions provider to Brinkmere Capital Partners. Financial details were not disclosed.
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