US seeks Intel stake without governance rights: Lutnick
Commerce Secretary Howard Lutnick confirmed discussions between the US and Intel for the government to take a stake in the chipmaker, casting the plan as a bid to convert Chips and Science…
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stake
Dongfeng Motor to sell 50% stake in joint venture with Honda
The plan to divest the business highlights how cut-throat the Chinese market has become in its fast-paced shift to electric vehicles State-owned Chinese automaker Dongfeng Motor…
Buffett buys US$1.6 billion UnitedHealth stake, sells T-Mobile
Warren Buffett’s Berkshire Hathaway bought shares of UnitedHealth Group in the second quarter, sending the health insurer’s stock soaring in post-market trading. The chief executive…
For just US$1 million, wealthy investors can buy a stake in hedge fund Millennium
For just US$1 million, investors are being offered a slice of one of the world’s largest hedge fund firms. Goldman Sachs is offering clients a stake in Izzy Englander’s Millennium…
Trump rolls the dice with Alaska summit -- but what's at stake playing Putin's game
President Trump's summit Friday with Russian President Vladimir Putin is fraught with geopolitical risks for Europe and the U.S., experts say, but it also offers the potential reward of…
Temasek-backed ST Telemedia is said to consider selling stake in data centre operator GDS: sources
ST Telemedia (STT) is considering selling its holding in Chinese data centre operator GDS Holdings, people familiar with the situation said. The company, backed by Singapore state investor…
Petronas said to seek US$1 billion for Rio oil field stake sale
Malaysia’s Petroliam Nasional Berhad is working with Bank of America to sell its 50 per cent stake in the Brazilian oil field Tartaruga Verde, according to sources familiar with…
GIC takes 25% stake in Spain’s broadband venture
Sovereign wealth fund GIC will take a 25 per cent stake in a fibre optic broadband venture between MasOrange, partly owned by France’s Orange, and Vodafone Spain, which is owned by…
Brunei tweaks Bridgewater bet to a lucrative 20% stake in firm
Brunei’s sovereign wealth fund pulled money from an investment in a Bridgewater Associates strategy to buy an almost 20% stake in the hedge fund manager’s holding company, a move…
Tai Sin Electric to acquire 25% stake in charging station contractor
Its subsidiary Lim Kim Hai Electric has subscribed for 333,333 new ordinary shares of EV Mobility for S$1.5 million Power distribution solutions provider Tai Sin Electric has entered into…
Fox Corp. Extends IndyCar Media Rights, Acquires 33% Stake in Penske Entertainment
Fox Corp. feels the need for more speed. The media company announced that it acquired a one-third interest in Penske Entertainment, which owns the Indianapolis Motor Speedway, the NTT…
Temasek sees 10 times gain with 5.5 billion euro stake sale in Indian JV with Schneider
Temasek Holdings has sold its minority stake in an Indian joint venture (JV) to its partner Schneider Electric for 5.5 billion euros (S$8.2 billion) in cash – over 10 times what the state…
Ermenegildo Zegna Group Inks Agreement to Sell Stake to Temasek
MILAN – Capitalizing on the momentum of its brands, the Ermenegildo Zegna Group is welcoming a new partner. Zegna has inked an agreement to sell 14.1 million shares to Venezio Investments…
Temasek to buy a 5% stake in Italian luxury group Ermenegildo Zegna
Temasek has signed a share-purchase agreement with Ermenegildo Zegna to purchase a 5 per cent stake in the Italian luxury group at US$8.9 a share, for a total of US$126.4 million on…
Temasek to buy 5% stake in Ermenegildo Zegna
Temasek has signed a share-purchase agreement with Ermenegildo Zegna to purchase a 5 per cent stake in the Italian luxury group at US$8.95 a share, for a total of US$126.4 million on…
Buffett’s Berkshire sells one-third of VeriSign stake for US$1.23 billion
BERKSHIRE Hathaway sold about one-third of its stake in VeriSign, an internet infrastructure and domain name registry company that Warren Buffett’s conglomerate has invested in since 2012,…
Music Industry Moves: HarbourView Acquires Stake in Kelly Clarkson’s Music Catalog
HarbourView Equity Partners has acquired a portion of Kelly Clarkson‘s catalog, including: “Since U Been Gone,” “Because of You,” “Stronger (What Doesn’t Kill You),” “Behind These Hazel…
Sony buys stake in ‘Gundam’ owner to grow anime business
Sony has bought a strategic 2.5 per cent stake in Japanese game franchise giant Bandai Namco, which owns Gundam and arcade classic Pac-Man, with a view to growing its anime…
Sony Takes Strategic Stake in Bandai Namco With $464 Million Deal
Sony Group Corporation has inked a strategic business alliance with anime and gaming powerhouse Bandai Namco Holdings Inc., with the electronics and entertainment conglomerate also…
Indonesian oil giant Chandra Asri buys 11.9% stake in Hiap Seng Industries; shares up 58.3%
Future partnerships between both companies could be on the horizon, says Hiap Seng Industries Indonesian petrochemical producer Chandra Asri has purchased an 11.9 per cent stake in the…
Hiap Seng shares soar 75% after Indonesian oil giant Chandra Asri buys 11.9% stake
Shares end Wednesday at multi-year high of S$0.021; future partnership between both companies could be on the horizon, says Hiap Seng CEO Max Tan Indonesian petrochemical producer Chandra…
China threatens to block Panama ports deal unless its shipping giant gets stake: report
Chinese officials have told BlackRock, MSC and Hutchison that if Cosco is left out of the deal, Beijing would take steps to block Hutchison’s proposed sale of the ports China is…
Trek 2000 International divests stake in Terrenus Energy valued at around S$8.2 million
Technology provider Trek 2000 International announced on Thursday (Jul 17) that it will be disposing its 4.3 per cent stake in Terrenus Energy back to the renewable energy solutions…
Trek 2000 divests stake in Terrenus Energy valued at around S$8.2m
The shares are currently held as investment and do not generate any income or revenue for FY2024 Technology provider Trek 2000 International announced on Thursday (Jul 17) that it will be…