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TikTok’s Chinese owner, ByteDance, signed binding agreements with three major investors to sell just over 80% of the company’s US assets to American and global investors to avoid a US government ban, TikTok CEO Shou Zi Chew told employees on Thursday. The deal is a major step toward resolving years of uncertainty about the short video app’s […]
CEO of Palantir Technologies Alex Karp attends the Pennsylvania Energy and Innovation Summit, at Carnegie Mellon University in Pittsburgh, Pennsylvania, U.S., July 15, 2025. Nathan Howard | Reuters It’s been a tough November for Palantir. Shares of the software analytics provider dropped 16% for their worst month since August 2023 as investors dumped AI stocks […]
Gucci owner Kering has agreed to sell its beauty business to L’Oreal for $4.66 billion, the company said on Sunday, as new CEO Luca de Meo moves to tackle the luxury group’s high debt and refocus on its core fashion business. Under the deal, French beauty giant L’Oreal will acquire Kering’s fragrance line Creed, as well as rights to […]
Michael Shvo, the once-high-flying New York developer, crashed to Earth on glam South Beach, Miami, boulevard Collins Avenue. Shvo was forced to unload the iconic Raleigh Hotel to Nahla Capital for $270 million this month, Bloomberg first reported. The project was beset by slow condo sales, stalled construction and a looming, $190 million mortgage payment. […]
These vets are living the high life! The Veterans of Foreign Wars has partnered with a Florida-based beverage company to sell cannabis-infused cocktails to its 1.4 million members across the country. The buzzy deal with Torch Drinks will allow the major veterans organization to sell low-dose spiked seltzers at its posts nationwide later this year, […]
Hertz sells hundreds of thousands of vehicles per year, in addition to running its signature car rental business. Courtesy of Hertz Hertz on Wednesday announced it will start selling preowned vehicles on Amazon Autos, a move meant to bolster the car rental company’s retail operations as it looks to bring in more profits. Shares of […]
French luxury goods group LVMH is in discussions to sell fashion label Marc Jacobs in a deal that could fetch around $1 billion, the Wall Street Journal reported Friday, citing people familiar with the matter. In 2024, Bloomberg reported that LVMH was exploring strategic options for the label with advisers after receiving interest from potential buyers, […]
President Trump’s push into crypto is proving to be very lucrative. A so-called “unlock” of Trump meme coins is expected to add nearly $100 million to the president’s fortune, according to a report. Starting Thursday, entities tied to the president will be able to sell 90 million of the $Trump tokens – worth nearly $930 […]
Owner Jeanie Buss of the Los Angeles Lakers and Jay Mohr prior to game one of a first round NBA basketball game between the Los Angeles Lakers and the Minnesota Timberwolves at Crypto.com Arena in Los Angeles on Saturday, April 19, 2025. Keith Birmingham | MediaNews Group | Pasadena Star-News | Getty Images The Buss […]
The Justice Department on Friday dropped a proposal to force Alphabet’s Google to sell its investments in artificial intelligence companies, including OpenAI competitor Anthropic, to boost competition in online search. The DOJ and a coalition of 38 state attorneys general still seek a court order requiring Google to sell its Chrome browser and take other measures aimed at addressing what a judge said […]
