Tag: stake
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FIFA mulls stake sale through new $20 billion entity, source says
July 28 : FIFA is planning to sell a significant minority stake in a new commercial entity with a valuation of about $20 billion, a source familiar with the matter told Reuters on Tuesday.World soccer’s governing body is working with bankers at JPMorgan to raise billions of dollars by bringing in external inv
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Seven & i shares jump 3% on Zabka stake talks in Europe push
TOKYO, July 17 : Shares in Seven & i rose 3 per cent in Tokyo on Friday as the Japanese retailer said it was in talks to buy a stake in Polish convenience store operator Zabka Group as it seeks new growth drivers following investor pressure over weak earnings. The 7-Eleven owner is considering acquiring…
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Hyundai Motor Group to own Boston Dynamics in full with SoftBank stake buy
SEOUL, July 16 : Hyundai Motor Group on Thursday disclosed that it would make U.S. robotics company Boston Dynamics a wholly owned subsidiary by acquiring SoftBank Group’s stake of around 10 per cent, a move it said would help it deploy advanced robotics across its operations.Terms of the deal were not disclo
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OpenAI proposes handing Trump administration 5% stake, FT reports
July 2 : OpenAI has discussed giving the U.S. government a 5 per cent stake, the Financial Times reported on Thursday, as AI firms face growing scrutiny in Washington over the potential misuse of advanced models and whether Americans will share in the sector’s profits.Under the proposal, OpenAI has suggested
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Exclusive-SoftBank renews talks for $10 billion loan against OpenAI stake, adds concessions, sources say
July 1 – SoftBank Group has reopened talks with a consortium of lenders for a $10 billion loan backed by its stake in OpenAI, after earlier attempts to secure a loan stalled over concerns about the difficulty of valuing private companies, two people familiar with the matter said.To make lenders more comfortab
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Explainer-Three ways Trump could get a stake in AI firms for the US
WASHINGTON, June 22 : U.S. President Donald Trump said he is exploring options to give the public a stake in leading AI companies, in response to concerns that individual Americans will not share in the sector’s expected profits.Policymakers, companies and advocates have proposed several pathways for Trump’
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South Korea’s Hanwha to raise KAI stake above 12% by end-2026, cites global space race
SEOUL, June 16 : South Korean defence-to-aerospace group Hanwha said on Tuesday it plans to raise its combined stake in Korea Aerospace Industries (KAI) to more than 12 per cent by the end of 2026, citing the need for closer ties as global competition in the space industry intensifies. Hanwha said the rise of
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Hanwha to raise stake in Korea Aerospace Industries to 12% by end-2026
(Corrects headline to Hanwha, not Hanwha Aerospace)SEOUL, June 16 : South Korean defence firm Hanwha Aerospace said on Tuesday it will buy 500 billion won ($331.41 million) worth of shares in Korea Aerospace Industries (KAI). This was in addition to Hanwha Aerospace deciding to acquire 499.9 billion w
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Woodside exercises pre-emptive right to buy PetroChina’s stake in Browse JV
June 12 : Woodside Energy said on Friday it had exercised its pre-emptive right to acquire PetroChina’s 10.67 per cent stake in the Browse gas fields off the coast of Western Australia, blocking a deal agreed with Japan’s Inpex.Under the terms of the transaction, Woodside will pay $225 million to PetroChina,
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