Tag: Divestments
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NextPoint strikes restructuring deal to sell assets
[ad_1] NextPoint Financial NACQF, +11.36% has reached a restructuring deal to sell assets and substantially reduce its debt. The Canadian financial-services company said the agreement struck with a set of lenders calls for them to buy NextPoint’s assets for up to $281 million, consisting of a credit bid of at least $100 million in secured…
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Disney lacks easy fixes to its numerous challenges, analyst warns
[ad_1] Walt Disney Co. Chief Executive Bob Iger is sticking around for longer in the company’s top post, and while he has ideas for changes at the company, they won’t necessarily be easy to execute. That’s the assessment of Dave Novosel, an analyst at Gimme Credit, who reiterated his underperform recommendation on Disney’s DIS, +1.53%…
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Alibaba’s Zhang to step down as CEO, chairman amid business shakeup
[ad_1] Alibaba Group Holding Ltd. is shaking up its leadership, with Daniel Zhang planning to step down from his roles as both chairman and chief executive. Joseph Tsai, Alibaba’s 9988, -1.62% BABA, -0.11% current executive vice chairman, will take on the chairman position effective Sept. 10, the Chinese e-commerce giant announced Tuesday. Eddie Yongming Wu,…
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SVB Financial reaches deal to sell its investment banking unit
[ad_1] SVB Financial Group said Sunday it has reached an agreement to sell its investment banking division to a group led by the unit’s chief executive, Jeff Leerink, and backed by The Baupost Group. In a statement Sunday, SVB Financial said Leerick’s group was the top bidder for SVB Securities. A price was not disclosed.…
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Comcast ‘more likely than not’ to sell Hulu stake to Disney next year, CEO says
[ad_1] The Hulu ownership saga between Walt Disney Co. and Comcast Corp. looks ever more likely to end with the most logical conclusion. A week after Disney DIS, -1.78% Chief Executive Bob Iger showed a renewed appreciation for general entertainment content and said that the company would integrate Hulu content into the Disney+ app for…
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Bed Bath & Beyond: from home-goods behemoth to bankruptcy
[ad_1] It’s the end of the road for Bed Bath & Beyond Inc., a company that was once a shining star of U.S. retail. The troubled home-goods retailer BBBY filed for chapter 11 on Sunday, after spending several months teetering on the brink of bankruptcy. The company said it aims to achieve an orderly wind…