WeWork sells control of China unit

US OFFICE-sharing firm WeWork on Thursday said it will sell control of its China division to one of its investors - private equity firm Trustbridge Partners - as it steps back from a competitive ... Read More

Temasek, Trustbridge target majority stake in WeWork China at US$1b valuation

BEIJING/HONG KONG: Temasek Holdings and Trustbridge Partners have held talks with WeWork China over increasing their stake in the China branch of the troubled co-working startup to take majority ... Read More

McDonald's Sells Majority Stake in China Business to Carlyle, CITIC for $2.1 Billion

McDonald's has sold a majority stake in its operations in China to Carlyle and a state-backed investment group for around $2.1 billion. McDonald's has sold a majority stake in its operations in ... Read More

Webasto sells majority stake in struggling EV charging unit

Webasto, a global maker of roof modules and heating and cooling systems, on Tuesday closed on the sale of a majority stake in its ... million. Webasto had been looking for an investor in the ... Read More

The Phoenix Rises WeWork’s Path to Emergence from Bankruptcy

With restructured lease agreements covering the majority of its real ... market and lingering concerns over its business model. However, supporters view WeWork’s emergence from bankruptcy ... Read More

Costco now sells up to $200 million a month in gold and silver

With the gold bullion selling out faster than the store could replenish its stock ... now sells $100 million to $200 million worth of gold and silver a month. The burgeoning business comes ... Read More

WeWork poised to shut more London sites as cost-cutting continues

WeWork is poised to close its Finsbury Pavement location and has removed a further four London offices from its website as the firm continues to scale back its portfolio to cut costs in the wake ... Read More

McDonald's increases its minority stake in China business with Carlyle deal

McDonald's is increasing its minority stake in its China ... took the majority stake, while private equity giant Carlyle bought a 28% stake. McDonald's held on to 20% of the business. Read More

FTX to Sell Majority of Stake in Anthropic for $884 Million

(Bloomberg) -- The estate of bankrupt crypto exchange FTX is offloading about two-thirds of its 8% stake in artificial ... buy close to $500 million of FTX’s shares in the business, according ... Read More

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The Association of Film Commissioners International is heading to Cannes. For its 77th edition in May, the festival — in partnership with AFCI — will debut the Global Film Commission Network ... Read More

Hilton Takes Majority Stake in Luxury NoMad Parent

Hilton Worldwide has acquired a majority stake in the parent company of the luxury NoMad Hotel ... several at the upper end of the market Hilton has made in 2024, following its pending acquisition of ... Read More