New York-based 3G said in a statement that it would pay $63 per share in cash for Skechers, a 30 percent premium to the company’s 15-day volume-weighted average share price. Going private would help Skechers weather Trump’s trade war without…
Anysphere has raised $900 million from investors including venture capital funds Thrive Capital, Andreessen Horowitz, and Accel. During the previous round of funding, which took place in January of this year, Anysphere was valued at $2.5 billion. Then the company…
The Maldives International Financial Centre, to be built in the Malian capital over the next five years, will have no corporate taxes or residency requirements and will also offer tax-free inheritance, MBS said in a statement. MBS, the family office…
The new round was led by Accel and New Enterprise Associates with participation from StepStone Group, Overmatch Ventures, Tru Arrow Partners and Valor Equity Partners. The Los Angeles-based startup specializes in advanced detection, monitoring, and communications solutions for the defense…
According to state-owned coal company Bukit Asam, which is building the plant in partnership with US firm Air Products and Chemicals, the plant is designed to process 6 million tonnes of low-grade coal to produce 1.4 tonnes of dimethyl ether…
The Austrian bank will acquire a 49% stake in Santander Bank Polska SA for €6.8 billion and fully take over the management of the Spanish lender’s assets in Poland for around €200 million, the two companies said on Monday. The…
This was reported by Bloomberg, citing sources familiar with the discussions. According to the publication, Shell has intensified internal consultations on the feasibility of the deal, but the final decision will depend on the further dynamics of BP’s quotes and…
PRIO will pay Equinor a total amount of up to $3.5 billion, including a maximum interest payment of $150 million. Equinor will continue to operate the Peregrino field until the deal is completed, after which PRIO will take over management.…
Novartis said it plans to build six new manufacturing facilities, some of which will produce pharmaceutical ingredients, as well as a new research and development center in San Diego, California. Novartis’ drugs, including the heart failure drug Entresto and the…
BofA Global Research reported that amid the turmoil caused by the imposition of tariffs, foreign investors have sold $6.5 billion worth of US stocks in five trading sessions. Safe-haven U.S. Treasury bonds saw their biggest weekly inflow of $18.8 billion,…
The new deal would be a reduction for Nuro from the reported $8.6 billion valuation it was valued at in 2021 after raising $600 million in a Series D round led by Tiger Global Management. After that round, the Mountain…
Elon Musk launched the Cybertruck, a cyberpunk-style electric pickup truck, in 2023 with the ambition of changing the rules of the pickup truck market. But demand turned out to be much lower than expected. Its manufacturer, Tesla, sold 40,000 units…