Tag

Private Ownership

All articles tagged with #private ownership

science1 month ago•204 min saved

Gus the T. rex poised to set fossil auction record at Sotheby’s

A privately unearthed 38-foot Tyrannosaurus rex skeleton nicknamed Gus from South Dakota’s Hell Creek Formation is heading to Sotheby’s in New York for auction, with estimates around $30 million and a potential to become the world’s most expensive fossil. Gus is about 61% complete by bone count (roughly 75–80% by mass) and shows bite marks and fractures. The sale reignites a debate over fossil ownership and science, since many researchers argue fossils should be in public collections to allow study and verification, while opponents say private owners can still enable research or loans. Excavated by Theropoda Expeditions from 2021–2023 on Gary Licking’s land after his death, Gus may disappear from public view if sold to private parties, unlike publicly loaned specimens in museums.

via CNN|

#fossil-auction #paleontology #private-ownership

science1 month ago•5 min saved

Gus the T. rex heads to auction, fueling debate over fossil ownership and science access

One of the most complete T. rex skeletons, nicknamed Gus, goes to Sotheby’s in New York with a $20–30 million estimate, spotlighting a growing tension between selling fossils as high‑value collectibles and preserving them for research; scientists caution that private sales can cut access for study, while others point to museum loans and donations as potential paths to public science, with calls for fossils to eventually reside in public trusts or museums rather than in private hands.

via The Guardian|

#auction #fossils #museums

science1 month ago•204 min saved

Gus the T. rex Heads to Sotheby’s Auction, Sparking Science-Access Debate

A newly unearthed, 38-foot-long T. rex skeleton nicknamed Gus from the Hell Creek Formation is set to be auctioned at Sotheby’s in New York, potentially becoming the most expensive fossil sale; while it’s among the largest and most complete finds, experts warn that private ownership risks removing critical specimens from public, verifiable scientific study and museum access, fueling a broader debate about fossil stewardship and open science.

via CNN|

#fossil-auction #hell-creek-formation #private-ownership

local7 months ago•3 min saved

Chicago parking meters sold to private operator, Johnson confirms

Chicago’s parking meters have been sold to a private company in a deal critics call lopsided. The sale price is reported to be at least twice the original 2008 price of $1.15 billion, and Mayor Brandon Johnson says his administration looked into buying them back but found it prohibitively expensive and risky since 100% of revenues would go toward debt. City Council will need to vote to transfer the contract to the new owner.

via abc7chicago.com|

#brandon-johnson #chicago #daley-deal

business1 year ago•2 min saved

Sycamore Partners Acquires Walgreens, Names New CEO

Sycamore Partners has completed its acquisition of Walgreens Boots Alliance, with Walgreens operating as a standalone company under private ownership, and the company's stock ceasing trading on Nasdaq. The deal includes a cash consideration and potential future payments from WBA shareholders, with key stakeholders expressing confidence in the future of the pharmacy chain and its related businesses.

via Walgreens Boots Alliance|

#acquisition #business #pharmacy

business1 year ago•2 min saved

Soho House to Go Private in $2.7 Billion Deal with Ashton Kutcher on Board

Soho House is planning to go private again through a $2.7 billion deal led by MCR, with Ashton Kutcher joining its board, aiming to leverage private ownership to build on its growth in the luxury hospitality sector.

via The Hollywood Reporter|

#ashton-kutcher #business #hospitality

business1 year ago•3 min saved

Soho House to Go Private in $2.7 Billion Acquisition

Soho House is going private in a $2.7 billion deal led by investors including MCR Hotels and Ashton Kutcher, after returning from its 2021 IPO. The company, known for exclusive private clubs, has faced challenges such as losses and criticism of its business model, but aims to continue expanding globally with new investment support.

via The New York Times|

#business #club-expansion #dollar27-billion-deal

business1 year ago•3 min saved

Soho House to Go Private in $2.7 Billion Deal Led by MCR

Private members' club chain Soho House was acquired for $2.7 billion by a consortium led by MCR Hotels and including Ashton Kutcher, who will join the company's board. The deal marks Soho House's return to private ownership after struggling with profitability and declining exclusivity since its NYSE listing in 2021. The company, known for its celebrity clientele and upscale venues, aims to expand further despite concerns about its business model and market challenges.

via BBC|

#ashton-kutcher #business #hospitality

business2 years ago•2 min saved

"Joann, Arts and Crafts Retailer, Declares Bankruptcy After 81 Years"

Crafts retailer Joann, known for its arts-and-crafts supplies, has filed for bankruptcy as consumer spending on at-home projects has declined. The company has struck a deal with its lenders for a $132 million cash injection to reduce its debt by $505 million, leading to private ownership. Despite the bankruptcy, Joann's roughly 800 stores nationwide will continue to operate as the deal closes, with its shares set to be delisted from the Nasdaq stock exchange.

via The New York Times|

#bankruptcy #business #consumer-spending

business2 years ago•0 min saved

Toshiba's Delisting Marks New Era of Private Ownership

Toshiba, the crisis-plagued Japanese conglomerate, has officially delisted from the Tokyo Stock Exchange and entered a new era of private ownership. The move comes after years of financial struggles and scandals, including a massive accounting scandal in 2015. Toshiba's delisting marks a significant turning point for the company as it seeks to rebuild and regain stability under private ownership.

via Financial Times|

#business #crisis #delisting