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Facebook Inc. on Tuesday announced a $5.7 billion investment in India's Jio Platforms Ltd. The Indian tech company is part of Reliance Industries Ltd., and has brought nearly 400 million Indians on.....»»

Hedge fund Third Point LLC amassed a more than $2 billion stake in Prudential Plc and called on the British insurer on Monday to split into two companies......»»

Hedge fund Third Point LLC has amassed more than a $2 billion stake in Prudential Plc and plans to push Britain's biggest insurer to split into two companies, people familiar with the matter said on Monday......»»

Blackstone Group Inc is taking a majority stake in MagicLab, the parent company of dating app "Bumble" and "Badoo", valuing the company at about $3 billion, the private equity firm said in a statement on Friday......»»

Altria Group Inc., the U.S. maker of Marlboro cigarettes, reported a $4.5 billion charge related to its investment in Juul Labs Inc. as the nascent vaping market faces a reckoning......»»

AT&T shares rose Monday after activist investor Elliott Manamgent disclosed a $3.2 billion stake and called on the wireless carrier to sell non-core businesses to boost its stock price. Fred Katayama reports......»»

Elliott Mana.....»»

Elliott Mana.....»»

Sony Corp is selling its 5% stake in Olympus Corp back to the Japanese medical equipment maker for 80.4 billion yen ($762.88 million), a move that Daniel Loeb's activist hedge fund Third Point LLC had called for......»»

Apple agreed Thursday to pay $1 billion to acquire the majority of Intel's smartphone modem business, a move giving the iPhone maker more control over its supply chain......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Media conglomerate Hearst is becoming the sole owner of the Fitch Group, buying the remaining 20% stake in the credit-ratings information provider for $2.8 billion......»»

Walmart is near a deal to invest around $15 billion for a roughly 75% stake in Flipkart Group, India’s largest e-commerce company, taking its battle with Amazon to India......»»

Walmart is close to buying a roughly 75% stake in Flipkart, the biggest e-commerce business in India, for roughly $15 billion, n.....»»

BOSTON (Reuters) - Activist investing firm ValueAct Capital Partners invested $1.2 billion in Citigroup Inc and roughly $1 billion in SLM Corp's student lender Sallie Mae, according to a letter seen by Reuters on Monday......»»

(Reuters) - Activist investing firm ValueAct Capital Partners invested $1.2 billion in Citigroup Inc, citing the U.S. bank's low risk and reliable revenue and not calling for major changes, according to a letter seen by Reuters on Monday......»»

Walmart announced Wednesday morning that it will pay $16 billion for a 77% stake in India's Flipkart e-commerce business. The deal gives Walmart a leading position in the world's second-most populous........»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

(Reuters) - Billionaire investor William Ackman said on Wednesday that his hedge fund had taken a roughly $1 billion stake in Lowe's , boosting the U.S. home improvement retailer's stock by 10.4 percent......»»