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Why JOYY's Stock Is Trading Higher Today
2020 Nov 17, 11:01am | 138Read More...Joyy (NASDAQ: YY) shares are trading higher on Tuesday after it was announced Baidu is planning to buy the company's live streaming business in China for $3.6 billion in cash. Joyy is a social media platform. JOYY enables users to interact with each other in real-time through online live media...
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Walmart Offloads 85% Stake In Japanese Retailer Seiyu To KKR, Rakuten
2020 Nov 15, 9:24pm | 390Read More...Walmart Inc (NYSE: WMT) has sold a majority of its stake in the Japanese supermarket chain Seiyu to investment firm KKR & Co, Inc (NYSE: KKR) and local e-commerce conglomerate Rakuten Inc (OTC: RKUNY) in a $1.65 billion (JPY 172.5 billion) deal. What Happened: KKR will acquire a 65% stake...
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TikTok Seeks Extension Of US Deadline On Forced Sale To Oracle, Walmart
2020 Nov 11, 3:37am | 577Read More...ByteDance has filed a petition in the D.C. Circuit Court of Appeals to extend the Nov. 12 deadline of a forced sale to Walmart Inc (NYSE: WMT) and Oracle Corporation (NYSE: ORCL), the Wall Street Journal reports. What Happened: The TikTok...
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Curaleaf Completes Purchase Of ATG's Massachusetts Facilities, Sells Maryland Assets
2020 Nov 06, 11:56am | 581Read More...Cannabis company Curaleaf Holdings Inc. (OTCQX: CURLF) finalized the purchase transaction of Alternative Therapies Group's licensed cultivation and processing facility in Amesbury, Massachusetts. Expanding its Cultivation Operations in Massachusetts The acquisition agreement,...
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IAC Shares Rally On Vimeo Funding, Possible Spinout
2020 Nov 06, 10:06am | 307Read More...IAC/InterActive Corp (NASDAQ: IAC) shares are trading higher after reporting third-quarter earnings and announcing a possible spinoff of its Vimeo business. Q3 Earnings: Third-quarter revenue was up 12% year-over-year. The company reported revenue up 9% to $389.9 million for its ANGI...
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Nielsen Offloads Its Global Connect Business To Private Equity For $2.7B
2020 Nov 02, 8:41am | 460Read More...Data analytics company Nielsen Holdings PLC (NYSE: NLSN) has agreed to sell its Global Connect business segment to private equity firm Advent International for $2.7 billion. The company announced Sunday that former CEO of TransUnion (NYSE: TRU...
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Las Vegas Sands Looks To Sell Vegas Casinos For $6B, But Analyst Isn't Optimistic
2020 Oct 27, 9:29am | 429Read More...Iconic casino operator Las Vegas Sands Corp. (NYSE: LVS) may be leaving the Vegas Strip, but one analyst says Sands may have a difficult time finding buyers for its Vegas properties at the current asking price. What Happened? On Monday, Reuters reported Las Vegas Sands is looking for a...
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Wells Fargo Considers Sale Of Corporate-Trust Unit, Student-Loan Portfolio: Report
2020 Oct 27, 1:19am | 354Read More...Wells Fargo & Co (NYSE: WFC) has been reportedly planning to offload some of its units which are not part of its core U.S. banking franchise. The latest ones to be put up for sale may include its corporate trust unit for proceeds of $1 billion or more as well as its portfolio of...
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Blackstone Agrees To Buy Simply Self Storage From Brookfield In $1.2B Deal: WSJ
2020 Oct 25, 11:07pm | 372Read More...Blackstone Group Inc (NYSE: BX) has agreed to buy self-storage company Simply Self Storage from Brookfield Asset Management Inc (NYSE: BAM) for a $1.2 billion consideration, according to the Wall Street Journal. The deal reportedly involves Simply’s 8 million square-foot portfolio...
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Wells Fargo Looks To Shed Asset Management Unit: Report
2020 Oct 23, 12:58am | 443Read More...Wells Fargo & Co (NYSE: WFC) is in plans to delink its asset management business and is currently holding talks with private equity firms and peers in the asset management space, according to Reuters. Based on initial estimates, the deal could be valued at over $3 billion. In the third-quarter...
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Brookfield Shuffles Real Estate Portfolio With Multiple Deals
2020 Oct 20, 2:36am | 490Read More...The Canadian asset management company Brookfield Asset Management Inc (NYSE: BAM) is reshuffling its real estate portfolio with multiple deals. In one deal, it is considering the sale of 2.3 million square feet of life sciences real estate for $3 billion, according to...
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Why Cree's Stock Is Trading Higher Today
2020 Oct 19, 10:29am | 106Read More...Cree (NASDAQ: CREE) shares are trading higher on Monday after the company announced that it sold its LED business to SMART Global for up to $300 million. Cree is a United States-based company that is involved in the manufacturing of wide bandgap semiconductor products for power and radio-frequency...
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American Equity Agrees To Sell 20% Stake To Brookfield, Snubbing Athene's Takeover Bid
2020 Oct 19, 2:15am | 499Read More...Insurance company American Equity Investment Life Holding Company (NYSE: AEL), has agreed to a strategic partnership with Brookfield Asset Management Inc (NYSE: BAM), which will reinsure up to $10 billion of American Equity's fixed index annuity products, and...
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Aurora Continues To Sell Assets, Places Focus On 'Core Markets'
2020 Oct 14, 9:44am | 386Read More...Aurora Cannabis Inc. (NYSE: ACB) opted to part ways with Australia-based Cann Group. The Canadian cannabis company sold its 12% stake via off-market trades "to a small number of undisclosed buyers" on Friday, Oct 9, after the market closed. Aurora is also selling its...
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Jim Cramer Loves Bed Bath & Beyond's Asset Sale, Praises CEO Tritton
2020 Oct 14, 9:31am | 359Read More...In his daily “Stop Trading” segment on CNBC, Jim Cramer took a look at Bed Bath & Beyond (NASDAQ: BBBY). The Transaction: On Tuesday, Bed Bath & Beyond announced plans to sell its Christmas tree store business of 80 stores, its linen business and a distribution center. The three...
