divest

The company said it is selling certain wholly owned subsidiaries to Apex Capital, a private equity fund. Financial terms weren’t disclosed. The company said it is selling certain wholly owned subsidiaries to Apex Capital, a private equity fund. Financial terms weren’t disclosed. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong…

The U.S. House Committee on Energy and Commerce on Thursday is expected to vote on legislation giving China’s ByteDance six months to divest from short video app TikTok or face a U.S. ban.Committee approval would set up a vote by U.S. House of Representatives that represents the first significant momentum for a U.S. crackdown on TikTok, which about 170 million U.S. users.Representative Mike Gallagher, the Republican chairman of the House select China committee, and Representative Raja Krishnamoorthi, the panel’s top…

A bipartisan group of U.S. lawmakers introduced legislation on Tuesday that would give China's ByteDance about six months to divest popular short video app TikTok or face a U.S. ban.Representative Mike Gallagher, the Republican chair of the House of Representatives' select China committee and Representative Raja Krishnamoorthi, the top Democrat, are introducing legislation along with more than a dozen other lawmakers to address national security concerns posed by Chinese ownership of the app.Elevate Your Tech Prowess with…

Warren Buffett says that he doesn’t want to compete with Elon Musk – and especially Tesla – as he divests from BYD. Over the last year, Warren Buffett’s Berkshire Hathaway has been divesting from Chinese automaker BYD. Last week, Berkshire Hathaway sold two million BYD shares again. Following the last sale, Buffett and his number two, Charlie Munger, said that they don’t want to compete with Elon Musk, Tesla CEO, during their annual shareholder meeting (via Business Insider): “We don’t…

Centene Corp will sell its artificial intelligence-powered healthcare analytics platform Apixio to investment firm New Mountain Capital as part of an ongoing portfolio review, the U.S. health insurer said on Wednesday.The company, which acquired Apixio in December 2020, did not disclose the terms of the transaction. Apixio compiles and analyzes large volumes of unstructured patient data, including medical charts and physician's notes, into insights and curated data. "As part of our ongoing portfolio review, it was…

Microsoft attended a closed hearing to address the European Union's concerns over the Activision Blizzard deal. Industry peers, such as Sony and other games and tech companies, were also present. Though media could not attend the court session, Microsoft held a press conference afterwards.Microsoft president Brad Smith couldn't discuss what was said at the closed hearing, according to live coverage by Eurogamer and GameIndustry.biz. Smith instead took the stage to signal Microsoft's determination and…

Whirlpool Corp. WHR 0.40% , whose European operations have been challenged by Russia’s invasion of Ukraine, said Tuesday it is turning over much of its appliance business in the region to a new entity controlled by a Turkish appliance maker. The new company, which will be majority-owned by Turkey-based Arcelik AS ARCLK.E 9.94% , is expected to have a combined $6.5 billion in sales,…

Singtel is divesting shares in India's Bharti Airtel that are worth an estimated SG$2.25 billion ($1.61 billion). The Singapore telco says the move is part of its "capital recycling" plans and will go towards funding its growth initiatives, which include 5G development. Singtel said in a statement Thursday that it would sell a 3.3% direct stake in Airtel to Bharti Telecom, the joint venture it had established with Bharti Enterprises. The sale would reduce Singtel's total Airtel shares to 29.7%, worth an estimated SG$22…

White House senior advisor Anita Dunn is being forced to divest an investment portfolio worth an estimated $16.8 million to $48.2 million that ethics attorneys say poses significant conflicts of interest in her new role.The political and communication's strategist will also have to recuse herself from a myriad of domestic and international issues that affect her former clients.Dunn's newly released financial disclosures, which are 93 pages long, show extensive stock, options, bond and private equity holdings — a fortune…