Private Equity Firm CD&R to Purchase Rest of Cornerstone Building Brands

Manufacturer of metal roofing and wall systems Cornerstone Building Brands Inc. (CNR) says that private equity firm Clayton, Dubilier & Rice (CD&R) has presented a proposal to purchase the rest of the company’s equity for $24.65 per share in cash. Currently, CD&R owns 49% common stake in Cornerstone Building Brands. The share price in the […]

Toshiba Planning a Spin-Off into Two Units

Japan based conglomerate engaging in diversified products and services Toshiba Corp. (TYO: 6502) is planning a spin-off to breakup the company into two units instead of three as efforts to boost shareholders’ returns and to try and appease the angry investors. According to the new restructuring, Toshiba will separate its devices businesses which comprises of […]

HBO Max to Launch in 15 Countries Across Europe Next Month

Mass media and entertainment company Warner Media LLC announced that its subsidiary HBO will be launching its HBO max streaming service in 15 European countries on March 8. The countries will include Romania, Poland and Portugal. HBO max streaming initially entered Europe last year in October after the company launched it in the Nordics and […]

Goldman Sachs’ CEO to Receive $35M as 2021 Compensation

David Solomon, the chief executive officer of U.S based investment bank and financial service provider Goldman Sachs Group Inc. (GS) will be receiving $35 million as his total compensation for last year. This announcement was made by the bank late last week. This amount is double the $17.5 million received he in the year 2020 as […]

Logitech Reports 2% Decline in Third Quarter Sales

Sweden based manufacturer of computer peripherals and software Logitech International SA (SWX: LOGN) has reported its results for the third quarter in which it recorded a 2% sales decline compared to what it reported in a similar quarter a year ago. The company however increased its forecast for the current year to between 2% and […]

Upcoming Intel’s Ohio Plant Could be World’s Largest Chip Plant

Technology company and world’s largest semiconductor chip manufacturer Intel Corp. (INTC) says that its upcoming $20 billion Ohio factory could arguably become the world’s largest chip manufacturing plant. Late last week, the company said it will be spending $100 billion to build world’s largest chip manufacturing facility in Ohio. The company will be taking this […]

Kenyan Based Online Retailer Copia raises $50 Million for Africa Expansion

Kenyan based e-commerce platform and goods distributor Copia Global announced having raised $50 million from its investors to finance its expansion in the African continent. The company made this announcement on January 19. The company says this Series C financing round was led by Netherlands-based Goodwell Investments. Other investors who took part in the financing […]

Microsoft to Buy Activision Blizzard in a Deal Worth $67.8 Billion

Technology company developing computer software and consumer electronics Microsoft Corp. (MSFT) will be purchasing video game maker Activision Blizzard Inc. (ATVI) in a deal worth $67.8 billion. This will go down as the largest ever acquisition deal in the video gaming industry. This announcement was made by Microsoft which said the deal will be an […]

Netflix Hikes Monthly Subscription Fees For Users in the U.S and Canada

Subscription streaming platform and production company Netflix Inc. (NFLX) has increased its monthly subscription charges for users in the United States and Canada by $1 to $2 depending on the plan a user is subscribed to. The company says these new adjustments come as a way to help it pay for new programming to compete […]

Tesla Inks First U.S Nickel Supply Deal With Talon Metals

EV maker Tesla Inc. (TSLA) has signed its first ever United States nickel supply deal with Talon Metal Corp. (TLO) owned Tamarack mine project in Minnesota as part of its continued plans of making electric vehicle battery metal in a manner which is more environmentally friendly. In recent times, the demand for nickel has been […]