Category: Business

Business
Nigerian Company IHS Towers Acquires Brazil’s CCS From Goldman Sachs
Nigerian Company IHS Towers Acquires Brazil’s CCS From Goldman Sachs

In a new development, Nigerian telecommunications company HIS Group announced on Monday that it has managed to acquire Cell Site Solutions, a Brazilian infrastructure company. The acquisition was made from Centaurus Capital LP and Goldman Sachs, but the value of the deal remains undisclosed. The deal is part of a concerted effort from the company […]

Business
Chevron’s Australian Arm to Acquire Puma Energy’s Fuel Retail, Storage Business
Chevron’s Australian Arm to Acquire Puma Energy’s Fuel Retail, Storage Business

Chevron Corp’s Australian arm has announced that it will buy Puma Energy’s fuel-storage and petrol station businesses in Australia for $291 million. With this deal, Chevrons Australian arm will acquire Puma Energy’s network of 270 petrol pumps, 20 fuel storage depots and three seaboard import terminals in Australia. Chevron exited the fuel storage and retail […]

Business
CBS and Viacom Merge Again— A Big Victory for Shari Redstone
CBS and Viacom Merge Again— A Big Victory for Shari Redstone

After remaining apart for over a decade, the two leading media giants CBS and Viacom have finally merged together. Soon after this merger, the combined company’s shares also began trading on Thursday on the NASDAQ index. Prior to this merger, the boards of CBS and Viacom arrived at an agreement on an all stock-swap transaction […]

Business
Property Tycoon of Dubai Purchases Italy’s Renowned Fashion House Cavalli
Property Tycoon of Dubai Purchases Italy’s Renowned Fashion House Cavalli

Hussain Sajwani, Dubai-based Damac Properties’ Chairman, has purchased the world-renowned fashion house of Italy, Roberto Cavalli, in what can be called a rescue effort. Both the companies announced this new development through a joint statement dated November 28, 2019. The purchase process has been completed, as per the reports, but the amount of the deal […]

Business
eBay to Sell Stubhub to Viagogo for $4.05 Billion
eBay to Sell Stubhub to Viagogo for $4.05 Billion

Recently eBay Inc. has announced that it is looking to sell its StubHub business to a Swiss enterprise, Viagogo Entertainment Inc., for a whopping $4.05 billion. This would create possibilities for a further boost to the already growing live events business. Viagogo and StubHub are important contributors to the live events market, such as sports, […]

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