Friday, November 22

Tag: Divestments

Mark Cuban Is Set to Sell Majority Stake in Dallas Mavericks to Adelson Family
29Nov By adminNo Comments
World

Mark Cuban Is Set to Sell Majority Stake in Dallas Mavericks to Adelson Family

One week before the NBA touches down in Las Vegas for the final of its inaugural In-Season Tournament, Sin City has forged another link to the hardwood. The family of the late casino mogul Sheldon Adelson has agreed to buy a majority stake in the Dallas Mavericks from entrepreneur Mark Cuban, a source familiar with the deal said Tuesday.Las Vegas Sands disclosed plans by Miriam Adelson, Sheldon Adelson’s widow, to sell an estimated $2 billion in stock in the company, which a regulatory filing said would be “used to fund the purchase of a majority interest in a professional sports franchise…subject to customary league approvals.” NBA reporter Marc Stein first reported that the franchise in question would be the Mavericks.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87...
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Mark Cuban Is Set to Sell Majority Stake in Dallas Mavericks to Adelson Family
29Nov By adminNo Comments
World

Mark Cuban Is Set to Sell Majority Stake in Dallas Mavericks to Adelson Family

One week before the NBA touches down in Las Vegas for the final of its inaugural In-Season Tournament, Sin City has forged another link to the hardwood. The family of the late casino mogul Sheldon Adelson has agreed to buy a majority stake in the Dallas Mavericks from entrepreneur Mark Cuban, a source familiar with the deal said Tuesday.Las Vegas Sands disclosed plans by Miriam Adelson, Sheldon Adelson’s widow, to sell an estimated $2 billion in stock in the company, which a regulatory filing said would be “used to fund the purchase of a majority interest in a professional sports franchise…subject to customary league approvals.” NBA reporter Marc Stein first reported that the franchise in question would be the Mavericks.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87...
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Amazon Deal for iRobot May Restrict Competition, European Commission Says
27Nov By adminNo Comments
World

Amazon Deal for iRobot May Restrict Competition, European Commission Says

Updated Nov. 27, 2023 1:32 pm ETThe European Commission said Monday that Amazon’s proposed deal to buy Roomba-maker iRobot may limit competition in the robot vacuum cleaner market.European regulators said that they had informed Amazon of the commission’s preliminary view following an investigation of the proposed acquisition.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Bayer CEO Says Breakup Wouldn’t Fix All of the Company’s Ills
25Nov By adminNo Comments
World

Bayer CEO Says Breakup Wouldn’t Fix All of the Company’s Ills

BERLIN—Bayer Chief Executive Bill Anderson said the company would bounce back quickly from a recent spate of bad news, and warned that a breakup of the pharmaceutical and agricultural company was no universal cure for its ailments.A stream of negative news has rekindled calls from investors for Bayer to unlock value by spinning off its units into separate businesses. But in an interview with The Wall Street Journal this week, Anderson said the company couldn’t be distracted from the tough restructuring to fix the businesses.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Former Norwegian Cruise Line CEO Frank Del Rio Asks $15.9 Million for Florida Home
18Nov By adminNo Comments
World

Former Norwegian Cruise Line CEO Frank Del Rio Asks $15.9 Million for Florida Home

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert.Former Norwegian Cruise Line CEO Frank Del Rio is listing his Florida vacation home for $15.9 million, he said, because now that he’s retired, he’ll be too busy cruising to spend time there.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Alibaba Scraps Cloud Unit Spinoff, Citing Washington’s Chip Curbs
16Nov By adminNo Comments
Technology

Alibaba Scraps Cloud Unit Spinoff, Citing Washington’s Chip Curbs

Nov. 16, 2023 10:10 am ETSINGAPORE—Washington’s latest curbs on the export of high-performance chips to China are beginning to bite.Alibaba on Thursday said it had scrapped its plan to spin off and list its cloud-computing division, citing the impact of the export controls that took effect late last month. The restrictions “may materially and adversely affect” the cloud business’s ability to offer products and services and to perform under existing contracts, Alibaba said, adding that it would focus on the division’s growth.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Alibaba Scraps Cloud Unit Spinoff, Citing Washington’s Chip Curbs
16Nov By adminNo Comments
World

Alibaba Scraps Cloud Unit Spinoff, Citing Washington’s Chip Curbs

Nov. 16, 2023 10:10 am ETSINGAPORE—Washington’s latest curbs on the export of high-performance chips to China are beginning to bite.Alibaba on Thursday said it had scrapped its plan to spin off and list its cloud-computing division, citing the impact of the export controls that took effect late last month. The restrictions “may materially and adversely affect” the cloud business’s ability to offer products and services and to perform under existing contracts, Alibaba said, adding that it would focus on the division’s growth.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Alibaba’s Spinoff Plans Fall to Earth
16Nov By adminNo Comments
World

Alibaba’s Spinoff Plans Fall to Earth

Alibaba’s shareholders finally got their first dividend. But that may not be enough to compensate for hiccups in its spinoff plan and slowing growth.The Chinese e-commerce giant on Thursday announced its first annual dividend since going public in 2014. The company will dish out around $2.5 billion—but that translates to only a 1.1% dividend yield using Wednesday’s closing price.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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