Tag

Stake Sale

All articles tagged with #stake sale

sports9 days ago•11 min saved

Jeanie Buss moves to block Lakers stake sale amid family trust feud

Jeanie Buss filed in LA Superior Court to block her siblings from selling the Lakers’ remaining stake (about 17.8%) and to remove the co-trustees for breach of fiduciary duty, arguing they acted without her knowledge and in violation of a 2017 order that named her Controlling Owner. The petition seeks contempt and damages, notes the sale would undermine her control and the Lakers’ value, and sets a Nov. 5 hearing as the family feud over ownership continues amid broader sale talks with Iger/Kushner.

via The New York Times|

#buss-family #fiduciary-duty #jeanie-buss

business17 days ago•3 min saved

Jeanie Buss Denies Selling Lakers Stake to Iger and Kushner

Jeanie Buss’s lawyers deny she will sell her Lakers stake to Bob Iger and Josh Kushner; the Buss family plans to sell its remaining shares as Iger and Kushner have already acquired a majority stake, but the deal is not yet closed and NBA ownership rules still apply.

via Bleacher Report|

#bob-iger #business #jeanie-buss

business24 days ago•2 min saved

GM Sells Its Indiana Battery Plant Stake, Samsung Takes Full Ownership

GM is selling its 49.99% stake in the $3.5 billion Indiana EV battery plant to Samsung, giving Samsung full ownership of the project; the Drive’s daily digest also covers a modified Chrysler Pacifica at Roadkill Nights, a downturn in China car sales with rising exports, McLaren naming David Woodhouse as Chief Creative Officer, a lighter, higher-capacity battery for the McLaren P1 from V Engineering, and a Virginia woman’s $10 million lawsuit against Tesla over a Model Y crash described as involving “Insane Mode.”

via The Drive|

#business #ev-battery #gm

business3 months ago•2 min saved

Mark Davis accelerates Raiders stake sale as succession plan looms

Raiders owner Mark Davis is selling additional minority stakes as investors move to buy slices of the team. Egon Durban seeks to raise his stake to 22%, Michael Meldman to about 12.9% total, with smaller purchases by Michael Dell, Joseph Baratta, Ari Emanuel and Mark Shapiro. A long‑standing succession plan would let Durban potentially take control if Davis cashes out, but for now Davis remains in charge while gradually selling stakes amid questions about a future full exit.

via NBC Sports|

#business #las-vegas-raiders #mark-davis

business7 months ago•2 min saved

Berkshire May Exit Kraft Heinz Stake After Decade-Long Bet

Berkshire Hathaway may sell its 27.5% stake in Kraft Heinz after more than a decade, per a regulatory filing, potentially ending the long-running investment; the update notes a company statement and the latest share movement.

via Seeking Alpha|

#berkshire-hathaway #brk-b #business

industries7 months ago•16 min saved

Kraft Heinz slides after Berkshire hints at near-full stake exit

Berkshire Hathaway could sell up to about 325.4 million Kraft Heinz shares (roughly 27% of the company), prompting Kraft Heinz stock to fall in after-hours trading as the company moves to unwind its 2015 merger and split into two public entities.

via MarketWatch|

#berkshire-hathaway #industries #kraft-heinz

business8 months ago•0 min saved

Octopus Energy to spin off Kraken at approximately $8.65 billion valuation

UK's Octopus Energy plans to sell its stake in the tech spin-off Kraken at a valuation of $8.65 billion, highlighting its strategic move in the energy and technology sectors.

via Financial Times|

#business #kraken #octopus-energy

business8 months ago•1 min saved

Nvidia Acquires $5 Billion Stake in Intel

Intel sold a $5 billion stake to Nvidia, acquiring 214.8 million shares at $23.28 each, marking a significant cross-shareholding in the semiconductor industry. The deal provides Intel with a financial boost to support its restructuring and technological investments, while Nvidia gains strategic and financial exposure to Intel's recovery and growth. Investors will monitor Intel's upcoming earnings and capital plans for further insights.

via Yahoo Finance|

#business #intel #investment

business8 months ago•3 min saved

BP to sell majority stake in Castrol in multi-billion dollar deal

BP has agreed to sell a 65% stake in its Castrol lubricants business to US investment firm Stonepeak for $10.1 billion, as part of BP's strategy to reduce debt and streamline operations, with proceeds to be used for debt repayment and strategic refocusing.

via The Guardian|

#bp #business #castrol

business8 months ago•2 min saved

BP to sell majority stake in Castrol lubricants for $6bn

BP has sold a 65% stake in its Castrol motor oil division to US investment firm Stonepeak for $6 billion, valuing Castrol at $10.1 billion, as part of BP's strategy to focus on core oil and gas businesses and reduce debt, while shifting away from green energy investments.

via BBC|

#bp #business #castrol

business8 months ago•2 min saved

BP to sell 65% stake in Castrol to Stonepeak for $6 billion

BP is selling a 65% stake in its Castrol lubricants unit to Stonepeak for $6 billion, valuing the unit at $10.1 billion, as part of a broader strategy to divest $20 billion of assets and focus on core oil and gas operations. The sale is a milestone in BP's strategic reset, which includes leadership changes and a focus on simplifying its business.

via CNBC|

#bp #business #castrol

business9 months ago•1 min saved

SoftBank Shares Drop Amid Nvidia Stake Sale and AI Investment Push

SoftBank's shares declined following the sale of its stake in Nvidia, impacting its stock performance and investor sentiment.

via Financial Times|

#business #investment #nvidia

business9 months ago•1 min saved

SoftBank liquidates Nvidia stake for $5.83 billion

SoftBank has sold its entire $5.83 billion stake in Nvidia, selling 32.1 million shares in October, as part of its broader investment strategy, while still maintaining investments in AI through other ventures.

via CNBC|

#ai #business #investment

business9 months ago•1 min saved

SoftBank's Profits Surge on OpenAI and Nvidia Investments

SoftBank has sold its stake in Nvidia for $5.8 billion as part of its preparations to increase investments in artificial intelligence technologies.

via Financial Times|

#ai-investments #business #financial-news

business9 months ago•2 min saved

SoftBank Sells Nvidia Stake for $5.8 Billion in Unexpected Deal

SoftBank sold its entire Nvidia stake for $5.83 billion to fund its AI projects, highlighting its focus on expanding in the AI ecosystem despite questions about a potential investment bubble, and leveraging proceeds to support ventures like OpenAI and data centers.

via Yahoo Finance|

#ai-investments #business #liquidity