The long suffering shareholders of Macy’s (M) just scored an early Christmas gift. Macy’s has received a $5.8 billion buyout offer from real estate investor Arkhouse Management and asset manager Brigade Capital Management, a source familiar with the matter told Yahoo Finance late Sunday. The offer — which values Macy’s at about $21 a share … Read more
A sign stands outside a Abbvie facility in Cambridge, Massachusetts, May 20, 2021. Brian Snyder | Reuters AbbVie on Wednesday said it will acquire neuroscience drugmaker Cerevel Therapeutics for roughly $8.7 billion. Under the terms of the deal, AbbVie will pay $45 per share for Cerevel. AbbVie said it expects to complete the acquisition in … Read more
Alaska and Hawaiian Airlines planes takeoff at the same time from San Francisco International Airport (SFO) in San Francisco, California, United States on June 21, 2023. Tayfun Coskun | Anadolu Agency | Getty Images Alaska Airlines has agreed to acquire rival Hawaiian Airlines in a $1.9 billion deal as the carriers make a push to … Read more
Over the years, Berkshire Hathaway CEO Warren Buffett has made no bones about his difficulty understanding some of the world’s latest technological innovations. The legendary investor had for years avoided technology stocks, saying he prefers “simple businesses,” stating categorically, “If there’s lots of technology, we won’t understand it.” Despite those assertions, over the past few … Read more
Sultan Ahmed Al Jaber, President of the UNFCCC COP28 Climate Conference, attends a press conference following the opening session of the conference on November 30, 2023 in Dubai, United Arab Emirates. Sean Gallup | Getty Images News | Getty Images The United Arab Emirates on Friday said it would contribute $30 billion to a new … Read more
Google’s bet on RCS is paying off, or at least that’s what it wants us to think. After a few minor wins, including Apple quietly confirming RCS support in the next iPhone and officially surpassing 1 billion monthly active users, Google is celebrating its successes by announcing new features for Messages users on Android. “Even … Read more
Nigeria’s leader has presented a $34.8 billion spending plan for 2024 to federal lawmakers with a focus on stabilizing Africa’s largest but ailing economy and tackling a deadly security crisis ByCHINEDU ASADU Associated Press November 29, 2023, 11:22 AM ABUJA, Nigeria — Nigeria’s leader on Wednesday presented a 27.5 trillion naira ($34.8 billion) spending plan … Read more
Investment giant Prosus has written down the valuation of edtech giant Byju’s to below $3 billion, marking a steep drop from the $22 billion valuation the Indian startup hit just early last year. Byju’s is facing many “challenges” and Prosus and other backers are working alongside to aid the Bengaluru-headquartered startup’s recovery, Prosus interim chief … Read more
(Bloomberg) — Miriam Adelson, the widow of casino magnate Sheldon Adelson, is selling $2 billion of stock in Las Vegas Sands Corp. so the family can acquire a majority stake in an unidentified professional sports team. Most Read from Bloomberg The family already has a binding purchase agreement for a team, according to a regulatory … Read more
Foxconn plans to invest $1.54 billion in India, the latest in its growing expansion plan, following a surge in revenues in the South Asian market. Foxconn said in a stock exchange filing that the investment will help it fulfil “operational needs.” The investment comes two months after the Taiwanese firm said it plans to double … Read more