Text size William Hill is already equity partners in a U.S. venture with Caesars, running sports betting operations online and at Caesars locations. (Bryan Steffy/Getty Images for William Hill U.S.) Getty Images Caesars Entertainment has agreed a £2.9 billion ($3.7 billion) deal to buy British gambling company William Hill. The […]
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Text size William Hill’s board has indicated that the £2.9 billion offer—272p per share—is at a price that it would “be minded” to recommend to shareholders. Getty Images Caesars Entertainment said on Monday it is in “advanced discussions” with British bookmaker William Hill over a £2.9 billion ($3.7 billion) cash […]
Transit riders wait for the A Line at the 7th Street/Metro Center station in downtown Los Angeles in July. (Dania Maxwell / Los Angeles Times) Pummeled by a plunge in sales tax revenue during the COVID-19 pandemic, the Metropolitan Transportation Authority on Thursday locked in steep cuts to Los Angeles […]
(Bloomberg) — IAC/InterActive Corp.’s $1 billion investment in casino operator MGM Resorts International demonstrates media mogul Barry Diller is still a top dealmaker. IAC, a media and internet company with more than 150 brands and products, announced Monday that it built a 12% stake in MGM, just weeks after it […]
(Bloomberg) — Billionaire Jack Ma’s Ant Group is seeking a valuation north of $200 billion as it goes public in Hong Kong and Shanghai, people familiar with the matter said, kicking off a much-anticipated market debut for China’s leader in internet finance. The parent of China’s largest mobile payment company […]
FILE – In this Feb. 21, 2021, file photo, California Gov. Gavin Newsom takes questions from the media during a visit to a mobile vaccination site at Ramona Gardens Recreation Center in Los Angeles. Newsom signed a $7.6 billion coronavirus relief package on Tuesday, Feb. 23, 2021, that will give […]
Elon Musk. Steve Nesius/Reuters Elon Musk has had a tumultuous yet successful life. He was bullied as a child but ultimately attended an Ivy League university before going on to become the CEO of two companies, Tesla and SpaceX, and the founder of three more. He’s also been married three […]
Airbnb is set to make its debut into the market with an Initial Public Offering (IPO) floating at a price of $68 per share. Due to launch on the Nasdaq at market open on December 10, the short-term rental and booking platform upped the price of its IPO shares a […]
Airbnb Inc. pulled off one of the largest initial public offerings of 2020 despite a pandemic that laid waste to much of the travel industry. The lodging-booking platform priced its initial public offering at $68 a share Wednesday, the Wall Street Journal reported, well above its most recent target range […]
Airbnb (ABNB) intends to raise $2.44 billion from the sale of its Class A stock in an IPO, according to an amended registration statement. San Francisco, California-based Airbnb was founded to develop a two-sided marketplace between property hosts and consumer guests to provide lodging and related services on a temporary […]
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. For travelers looking to book a flight or hotel room, Booking.com and Expedia.com look a lot alike. Yet the two fared very differently when the coronavirus pandemic shut down travel, thanks to different strategies behind their websites. […]
Airbnb Inc. had to put its plans for an initial public offering on hold in the spring because of COVID-19, but after a bounceback from customers tired of sheltering in the same place for months, it is aiming to potentially raise $1 billion in an IPO by the end of […]
Josh Harris, the co-founder of Apollo Global Management Inc., obsessively weighs the risks and implications of decisions he makes: whom to hire for a role at the private-equity giant, whether to move forward with an investment or which trades to make to fill out the roster of the Philadelphia 76ers, […]
TipRanks 3 Stocks Flashing Signs of Strong Insider Buying For investors, finding the right sign is part of the game. Stocks don’t necessarily pick themselves, and the investors who do pick them need to know that they’re making the right choice. Fortunately for investors – and the safety of their […]
LONDON (Reuters) – Aero-engine maker Rolls-Royce will ask shareholders on Tuesday for 2 billion pounds ($2.6 billion) in a make-or-break attempt to survive the COVID-19 pandemic, which has stopped planes flying and hammered its finances. FILE PHOTO: A man looks at Rolls Royce’s Trent Engine displayed at the Singapore Airshow […]
LONDON (Reuters) – Aero-engine maker Rolls-Royce will ask shareholders on Tuesday for 2 billion pounds ($2.6 billion) in a make-or-break attempt to survive the COVID-19 pandemic, which has stopped planes flying and hammered its finances. At stake is the future of a company which has been at the heart of […]
Text size Arbor Investments focuses on food-and-beverage investments. Lacheev/Dreamstime Arbor Investments needed only 87 days to raise its fifth fund, collecting $1.5 billion in the latest bit of evidence that life goes on for private equity despite the pandemic. The pool is roughly double the $765 million secured by Arbor’s […]
Text size Speaker of the House Nancy Pelosi. Getty Images Here’s what you need to know about the impact of Covid-19, Hurricane Delta, and more ahead of the coming trading week. • House Speaker Nancy Pelosi on Saturday rejected the White House’s latest $1.8 trillion coronavirus relief package, saying in […]
Airbnb, the massively popular do-it-yourself accommodation rental site operator, is seeking to raise roughly $3 billion in its initial public offering (IPO). That’s according to a report published last Friday by Reuters, which cited “people familiar with the matter.” If it draws that amount of capital from investors, Airbnb’s total […]
TipRanks 3 “Strong Buy” Healthcare Stocks Under $5 That Could Go Boom Since 2019, the healthcare sector has been bracing for the wild ride that would be the election year. However, according to some Street pros, 2021 is looking a lot like 2009, and this could actually be a good […]
Airbnb CEO Brian Chesky. John van Hasselt | Corbis | Getty Images Home rental company Airbnb is aiming to raise around $3 billion in its upcoming initial public offering, people familiar with the matter said on Friday, taking advantage of the unexpectedly sharp recovery in its business after the COVID-19 […]