Category: stake
-
Bitcoin Bet For Amazon? 5% Stake Proposal Raises Eyebrows
•
This article is also available in Spanish. Bitcoin may become part of Amazon’s treasury strategy as shareholders in the online retail giant push for the cryptocurrency to be adopted into its assets. If Amazon embraces digital assets, it will join other business giants exploring including Bitcoin in their asset portfolios.…
-
Thoma Bravo selling CyberArk stake for $370m
•
The US investment firm became a party to the Israeli cybersecurity company’s interest earlier this year when it sold Venfai to it for $1.54 billion in a cash and stock deal. Share price Cyber arc (Nasdaq: CYBR) stock fell 1.3% on Friday after US investment fund Thoma Bravo offered more…
-
Why Warren Buffett Bought A $550 Million Stake In ‘Unbelievably Good’ Opportunities Domino’s And Pool Corp
•
Why Warren Buffett Bought a $550 Million Stake in ‘Incredibly Good’ Opportunity Domino’s And Pool Corp Warren BuffettThe Oracle of Omaha is at it again. He has proven that he knows how to spot a great opportunity when he sees it. In his latest move, Buffett’s Berkshire Hathaway has invested…
-
Strauss sells 50% Sabra dips stake to PepsiCo
•
Strauss Group (TSE: STRS) announced that it will sell its 50% stake in Sabra Dipping Co. and PepsiCo-Strauss Fresh Dips & Spreads International GmbH (Obela) for $243.8 million. In 2005, Strauss acquired 51% of Sabra for $9 million, and in 2008 PepsiCo bought the remaining shares and formed a joint…
-
Advance Plans to Borrow Against $1.2 Billion Reddit Stake
•
(Bloomberg) — A Reddit Inc. shareholder is seeking… to establish credit facilities using an ownership stake in the company, according to a person familiar with the matter. Most read from Bloomberg Advance Magazine Publishers Inc., the arm of the Newhouse family’s publishing empire that owns Conde Nast, is offering 7.8…
-
Natwest buys back £1bn in shares from Treasury as government stake drops to 11%
•
NatWest has bought £1bn of its own shares from the UK Treasury, reducing the government’s stake in the FTSE 100 lender to just over 11%. This buyback, the second of its kind in 2024, saw NatWest acquire 263 million shares at 380.8p per share, a move chief executive Paul Thwaite…
-
Billionaire Israel Englander Sold 40% of Millennium’s Stake in AT&T and Is Piling Into This Troubled Artificial Intelligence (AI) Stock Instead
•
Investors rarely lose important data on Wall Street. Earnings season provides an onslaught of operating results for many of America’s most important companies, while economic data is released almost daily Monday through Friday. But every so often, one of these important data dumps can slip through the cracks. For example,…
-
Brookfield buys £1.75bn stake in Orsted’s UK offshore wind farms
•
Brookfield, headed by former Bank of England governor Mark Carney, has acquired a 12.45% stake in four UK offshore wind farms owned by Ørsted for £1.75 billion ($2.3 billion). This landmark deal includes the world’s largest offshore wind farm, Hornsea 2, located 55 miles off the Yorkshire coast with a…
-
Investors in talks to buy Colmobil stake at NIS 8b valuation
•
Yoav Harlap appears ready to sell his 28% stake in Israel’s largest car importer to institutional investors. Yoav Harlap, who owns a 28% stake in Colmobile, is in talks to sell his stake to institutional investors at a valuation of the company at NIS 8 billion. Colmobile is the largest…
-
Investors in talks to buy Colmobil stake at NIS 8b valuation
•
Yoav Harlap appears ready to sell his 28% stake in Israel’s largest car importer to institutional investors. Yoav Harlap, who owns a 28% stake in Colmobile, is in talks to sell his stake to institutional investors at a valuation of the company at NIS 8 billion. Colmobile is the largest…
-
Equinor acquires $2.5 billion stake in Danish wind giant Orsted
•
Equinor ASA has taken a $2.5 billion stake in Danish wind energy giant Orsted A/S, merging one of the Nordics’ largest fossil fuel companies with its largest renewable energy developer. The deal with Equinor represents one of the most notable endorsements for the beleaguered offshore wind industry in years, just…
-
Rani Zim sells Psagot stake for huge loss
•
Yesterday, Rani Zim sold his entire 65.7% stake in Psagot, plus tradable options, to the company’s former CEO Yaniv Bender. Bandar will pay NIS 40 million in cash upon completion of the deal, and will then own 73% of Psagot, which became a shell company after selling its business. Bender…
-
Activist investor Starboard Value takes $1 billion stake in Pfizer, sources say By Reuters
•
(Reuters) – Activist investor Starboard Value has taken a stake worth about $1 billion Pfizer (NYSE:) wants the US pharmaceutical giant to make changes to turn around its performance, sources familiar with the matter said on Sunday. Starboard also reached out to Ian Read, former CEO of Pfizer, and Frank…
-
JPMorgan acquires stake in Australia’s cash-strapped Star Entertainment By Reuters
•
(Reuters) – U.S. bank JPMorgan Chase & Co. (NYSE:) has become a major shareholder in Star Entertainment, as shares of the beleaguered Australian casino operator have fallen sharply in the past few years amid liquidity issues, a stock exchange report showed. JPMorgan has become a shareholder with voting power of…
-
Exclusive-TPG in lead to buy stake in Creative Planning at $15 billion valuation, sources say By Reuters
•
Written by Milana Finn and David French (Reuters) – Buyout firm TPG has emerged as the front-runner to take a $2 billion minority stake in Creative Planning, in a deal that could value the wealth management company at more than $15 billion, people familiar with the matter said on Saturday.…
-
Next CEO sells £29m stake as capital gains tax reforms loom under Reeves
•
Next chief executive Lord Wolfson has sold a £29m stake in the retail giant ahead of potential changes to the capital gains tax (CGT) regime, expected in Chancellor Rachel Reeves’ first Budget next month. New filings reveal that the conservative peer offloaded 290,000 shares between Friday and Tuesday, valuing its…
-
Major insider slashes nearly all of its stake in Trump’s media firm By Reuters
•
(Reuters) – One of the largest shareholders in former US President Donald Trump’s media company has almost canceled his stake after sale restrictions recently expired. United Atlantic Ventures, run by Trump Media co-founder Andrew Letinsky, who appeared on Trump’s reality TV show “The Apprentice,” has reduced its 5.5% stake in…
-
Buffett’s Berkshire Hathaway offloads more of its Bank of America stake By Investing.com
•
Warren Buffett’s Berkshire Hathaway sold about $900 million of its stake in Bank of America this week, cutting its holdings in America’s second-largest lender to near the key reporting threshold. Berkshire’s stake in Bank of America now amounts to 10.8% of outstanding shares, or about $34 billion. Berkshire, which remains…
-
Intel declares no plans to divest Mobileye majority stake
•
Advanced Driving Assistance Systems (ADAS) Stock Price Mobily International Company Intel (NASDAQ: MBLY) shares rose 8% in premarket trading after Intel Corp. (NASDAQ: INTC) said it has no plans to sell its majority stake in the Israeli company. “As the majority shareholder of Mobileye, Intel remains focused on creating value…
-
Alcoa to sell its 25.1% stake in Ma’aden joint venture for $1.1 billion By Reuters
•
(Reuters) – U.S. aluminum company Alcoa Saudi Aramco (NYSE:) said on Sunday it will sell a 25.1% stake in its joint venture with Saudi Arabian Mining Co. (Maaden) for $1.1 billion. Alcoa said in a statement that the deal includes approximately 86 million Maaden shares and $150 million in cash,…