stake
- Technology
Sources: an entity under China's CAC acquired a 1% stake, or "golden shares", in an Alibaba subsidiary, and plans on taking a similar stake in a Tencent unit (Financial Times)
Financial Times: Sources: an entity under China’s CAC acquired a 1% stake, or “golden shares”, in an Alibaba subsidiary, and…
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Internal email: Fanatics is selling its 60% stake in sports NFT company Candy Digital to an investor group led by Mike Novogratz's Galaxy Digital (Ian Thomas/CNBC)
Ian Thomas / CNBC: Internal email: Fanatics is selling its 60% stake in sports NFT company Candy Digital to an…
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Source: Magic Leap raised $450M in 2022, across $150M in equity and $300M in debt, giving Saudi Arabia's sovereign wealth fund a majority stake in the company (Matthew Field/Telegraph)
Matthew Field / Telegraph: Source: Magic Leap raised $450M in 2022, across $150M in equity and $300M in debt, giving…
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Flipkart no longer owns a stake in PhonePe, the two companies say; source: PhonePe is in talks to raise $1.5B at a pre-money valuation of $12B (Manish Singh/TechCrunch)
Manish Singh / TechCrunch: Flipkart no longer owns a stake in PhonePe, the two companies say; source: PhonePe is in…
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Changpeng Zhao confirms Binance acquired the remaining 49% stake in Indonesia's crypto exchange Tokocrypto; the unit will cut 58% of jobs and replace its CEO (Norman Harsono/Bloomberg)
Norman Harsono / Bloomberg: Changpeng Zhao confirms Binance acquired the remaining 49% stake in Indonesia’s crypto exchange Tokocrypto; the unit…
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Foxconn's Xingwei agrees to sell its entire stake in embattled Chinese chip conglomerate Tsinghua Unigroup for ~$771.79M (Meg Shen/Reuters)
Meg Shen / Reuters: Foxconn’s Xingwei agrees to sell its entire stake in embattled Chinese chip conglomerate Tsinghua Unigroup for…
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Microsoft acquires a 4% stake in the London Stock Exchange, valued at around £1.6B, as part of a 10-year agreement for data and cloud infrastructure (Amy Thomson/Bloomberg)
Amy Thomson / Bloomberg: Microsoft acquires a 4% stake in the London Stock Exchange, valued at around £1.6B, as part…
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Filings: Masayoshi Son's SoftBank stake grew from 32.2% in end-September to 34.2%, up from 26.7% in March 2019, granting additional rights over mergers and more (Bloomberg)
Bloomberg: Filings: Masayoshi Son’s SoftBank stake grew from 32.2% in end-September to 34.2%, up from 26.7% in March 2019, granting…
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