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Flipkart’s Payments Firm PhonePe in Partial Spin-out, Valued at $5.5bn
Indian e-commerce giant has partially spun-out its mobile payments brand PhonePe, selling a stake in the startup to Walmart. The .....»»
Les Wexner stepping down from L Brands, selling majority stake in Victoria"s Secret
Les Wexner is stepping down as CEO of L Brands Inc. as the company sells its Victoria's Secret chain to a private equity investor. The company on Thursday announced a plan to sell a majority stake in its capstone Victoria's Secret brand to New York e.....»»
Exclusive: In break from past, Louis Dreyfus boss is open to selling stake
After 169 years of keeping the business in the family, agricultural commodity giant Louis Dreyfus Company (LDC) is open to selling a large non-controlling stake to an external stakeholder, its chairwoman told Reuters......»»
Mobile Phone Retailer Joins China’s Blockchain Land Grab With US Company Investment
One of the largest smartphone retailers in China is stepping into the blockchain world by investing in U.S.-based startup Monsoon. Sources said the stake was sold at a nine-digit valuation......»»
Check out the $600 million Alabama factory where Airbus builds jets for American, Delta, and JetBlue
Benjamin Zhang/Business Insider Airbus assembles its hot-selling A320-family jets at a handful of factories spread around the world. One of those assembly plants in located in Mobile, Alabama. The Mobile plant builds planes for the.....»»
Chinese company ByteDance denies reports that it"s considering selling stake in TikTok as the company looks to repair its image in the US
ByteDance is rumored to be considering selling off TikTok stake, but the company told Reuters and confirmed to Business Insider that it had no plans to sell. TikTok is a short-form video app especially popular among Gen Z, and it ha.....»»
Table of Experts: The Do’s and Don’ts of Selling a Business
Regardless of who starts a business, eventually that person will become unwilling or unable to run that venture. But the success or failure of an ownership transfer often depends on the strategies created long before the founder runs out of steam......»»
Square steps in to CBD space
The complicated business of selling products infused with cannabidiol, better known as CBD, has gotten a little simpler. Square, a San Francisco–based mobile payment firm, has unveiled a... To view the full story, click the title link......»»
WeWork is reportedly considering selling its stake in women"s coworking space The Wing
Sarah Jacobs/Business Insider WeWork is considering selling its 23% stake in the women's coworking space The Wing, Bloomberg reported on Tuesday.&.....»»
Slimmed-down WPP to net $3.1 billion selling Kantar stake to Bain
WPP is selling a 60% stake in Kantar to private equity firm Bain Capital, valuing the data analytics business at about $4 billion and giving the British owner of agencies including Ogilvy and Wunderman Thompson funds to cut debt and rebuild......»»
Scotts Miracle-Gro sells TruGreen stake to retire debt
Scotts Miracle-Gro Co. is getting out of the service business to focus on manufacturing and selling lawn and garden supplies. The Marysville-based company sold its 30 percent stake in TruGreen, the nation's No. 1 lawn service, for $234 million, accord.....»»
What"s next for Walmart after buying Flipkart and selling its UK stake
Walmart has agreed to cede control of its British business to a competitor and spend $16 billion to acquire Flipkart.....»»
Walmart to sell 80% stake in its Brazil business
Walmart Inc. is selling an 80 percent stake in its Brazilian operations to a global private equity firm as it reduces its presence in countries where it’s struggling. .....»»
Walmart Selling Majority Stake of Brazil Business in Latest International Shakeup
It's the third major international deal in as many months. Walmart Inc wmt has announ.....»»
Qorvo Starts Firing on All Cylinders
The chipmaker's mobile business has started ticking up, and IoT is playing a solid supporting role......»»
Thomson Reuters eyes multiple purchases after Blackstone deal
Thomson Reuters Corp is looking to make multiple acquisitions to boost its Legal and Tax & Accounting units after selling a majority stake in its financial terminal business, Chief Executive Jim Smith said on Tuesday......»»
Thomson Reuters eyes "substantive" purchases after Blackstone deal
Thomson Reuters Corp is looking to make "substantive" acquisitions to boost its legal and tax units after selling a majority stake in its financial terminal business, Chief Executive Jim Smith said on Tuesday......»»
South Korean company buys Schwan"s in $1.8 billion deal
The family that owns Schwan's Co., the Minnesota food company whose portfolio includes Red Baron Pizza and Mrs. Smith’s pies, is selling a majority stake in the business to South Korean food giant CJ CheilJedang in a deal worth $1.8 billion. The comp.....»»
ABB to sell Power Grids to Hitachi, revamp business structure
ABB reached a deal with Japan's Hitachi to sell its Power Grids division, with the Swiss engineering group adding it plans to return net cash proceeds of $7.6-7.8 billion from selling the 80.1 percent stake in the unit to shareholders......»»
Viacom said to discuss selling majority stake in China business
Viacom Inc. is in talks to sell a majority stake in some of its China operations, according to a person familiar with the matter......»»