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Elon Musk disclosed on Monday that he had bought a 9.2% passive stake in Twitter Inc. Musk holds 73,486,938 shares of common stock in his personal capacity, according to a regulatory filing. This makes him Twitter’s largest shareholder. As a passive investor, Musk typically should not play an active part in running the company. However, […]
The online food delivery platform DoorDash announced its acquisition of Finnish delivery app Wolt in an all-stock transaction for €7 billion. The board of directors of both companies have approved the transaction and stockholders representing the majority of Wolt’s outstanding shares have committed to support the transaction. Goldman Sachs & Co. LLC is acting as […]
The Coca-Cola company announced that it has acquired remaining $5.6 billion worth of stake in BODYARMOR (a line of sports performance and hydration beverages) giving itself the full ownership. In the year 2018, Coca-Cola initially acquired 15% stake in BODYARMOR with a path to full ownership. The sport beverage drink BODYARMOR will be managed as […]
The tidal lagoon project to be built on the waterfront of Swansea for £1.7bn in U.K. will incorporate technologies including underwater turbines, floating solar power and battery storage has been announced. The Project also know as Blue Eden project will be led by a tech firm called DST innovations and other business partners, there will […]
The industrial vehicle leasing and distribution company Goldbell acquires BlueSG to drive its Electric Vehicle growth. Glodbell group mentioned its plan to invest S$70 million for the next five years and S$40 million will be made by 2023 as part of its growth acceleration strategy. The vehicle company also noted that it is on track […]
The cloud security innovator Orca Security, has announced its extended Series C fundraising of $550mn led by Temasek, a Singaporean investment company. The funding round brings the 2-year-old company’s total raised to $632 million and boosts its valuation to $1.8 billion. It joins the ranks of L.A. tech companies like Whatnot Inc. and Liminex Inc., […]
The Dubai Department of Finance (DoF) announced a new public-private partnership ( PPP ) project portfolio worth over Dhs25bn across several vital sectors. The portfolio includes more than 30 projects in the public transportation, infrastructure, and urban development sectors. The latest projects were announced at the Dubai International PPP Conference being held at Expo 2020, […]
The leading global provider and manager of alternative investment products, Investcorp, announced that it has successfully completed the acquisition of a portfolio of seven UK industrial assets (“the Portfolio”) from Custodian REIT, for £32.6 million. The Portfolio comprises two multi-let and five single-let industrial properties located in Bedford, Warrington, Stone, Gateshead, Stockton-on-Tees, Christchurch and Aberdeen. […]
The property developer Hopson Development Holding to acquire about 51 percent of the indebted Evergrande group’s property management unit, and the deal could be valued at more than 40 billion HKD ($5.14 billion) according to the reports. Trading in Hopson’s shares also was suspended Monday in Hong Kong, “pending the release of announcement(s) in relation […]
The financial services company Goldman Sachs and Bloomberg Philanthropies Deploys $25 Million to Advance Clean Energy Solutions and support sustainable low-carbon economic development with a focus on South and Southeast Asia to increase the pace, scale, and ambition of climate solutions and contribute to the clean energy transition. The Fund’s initial US$25 million in philanthropic […]
The American automotive multinational corporation GM has announced that it will invest $300 million in Chinese startup Momenta to develop next generation self driving technologies for future GM vehicles in china. With a vision of a world with zero emissions, zero congestion and zero crashes The company is investing aggressively in a comprehensive and highly-integrated […]
DWTCA (Dubai World Trade Centre Authority) and Securities and Commodities Authority (SCA) has issued approval and license to start crypto assets trading. The agreement was signed by Acting Chief Executive Officer of SCA, H.E. Dr. Maryam Al Suwaidi, and Director General of Dubai World Trade Centre Authority (DWTCA) H.E. Helal Saeed Almarri. The trade centre […]
