VNV Global, a Swedish investment firm that backs startups in mobility, health and marketplaces, slashed the value of its holding in Wasoko, an African B2B e-commerce startup, by 48%, according to its annual report for 2023. In its annual report, VNV set Wasoko’s fair value at around $260 million as of December 2023, the month that … Read more
In this photo illustration, Anthropic logo is seen on a smartphone screen. Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Bankrupt crypto exchange FTX has struck a deal with a consortium of buyers to sell the majority of its stake in artificial intelligence startup Anthropic for $884 million, according to a filing submitted … Read more
OpenAI CEO Sam Altman says he has no equity in the $80 billion artificial intelligence startup he co-founded in 2015. His Reddit ownership is another matter altogether. Following Reddit’s stock market debut on Thursday, Altman’s stake in the social media site ballooned by $200 million to over $613 million. Shares of the 19-year-old company jumped … Read more
AB InBev Budweiser and Bud Light brand beer cans at a store in the Queens borough of New York on Feb. 28, 2024. Bloomberg | Getty Images Shares of AB InBev, the world’s biggest brewer, slipped more than 4% Thursday as trading resumed following a brief suspension amid emerging details of a sale by one … Read more
A Polestar Roadster concept electric vehicle during the Singapore Motorshow in Singapore, on Thursday, Jan. 11, 2024. The show runs through Jan. 14. Photographer: Lionel Ng/Bloomberg via Getty Images Lionel Ng | Bloomberg | Getty Images Shares of Volvo Cars dipped on Friday, after the company said it would dilute its stake in electric vehicle … Read more
Carl Icahn at the 6th annual CNBC Institutional Investor Delivering Alpha Conference on Sept. 13, 2016. Heidi Gutman | CNBC Activist investor Carl Icahn late Monday reported a nearly 10% stake in JetBlue Airways, saying the airline stock is undervalued. Shares of JetBlue were up more than 11% on Tuesday. Icahn amassed the stake in … Read more
JAKARTA, Indonesia — Indonesia, the world’s third-largest democracy, will open its polls on Wednesday to nearly 205 million eligible voters in presidential and legislative elections, the fifth since Southeast Asia’s largest economy began democratic reforms in 1998. The sprawling archipelago of 17,000 islands and more than 270 million people from about 1,300 ethnic groups is … Read more
Siemens Energy site in Muelheim an der Ruhr, Germany, August 3, 2022. Wolfgang Rattay | Reuters Siemens Energy swung to profit in its first fiscal quarter on the back of a surge in orders and a one-off gain from selling a stake in its Indian affiliate to parent company Siemens. The German renewables firm reported … Read more
ATHENS, Greece — Greece completed a major privatization Friday, selling its 30% stake in the biggest airport operator in the tourism-reliant country during an initial public offering, officials said. Shares in Athens International Airport are expected to begin trading on the Athens stock exchange starting Wednesday, the airport said in a statement. Finance Minister Costis … Read more
Squatters have staked their claim on land in Arkansas, claiming that they are part of a sovereign citizen group known to have engaged in violent confrontations with law enforcement. In a press release, Sharp County Sheriff Shane Russell said that the investigation into the squatters began in August 2023. Authorities said that they were alerted … Read more