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Trump-Backed USD1 Stablecoin Chosen to Back MGX’s $2 Billion Binance Stake Deal: Report
Eric Trump has reportedly announced that the USD1 stablecoin has been picked as the mode of payment for MGX’s purchase of a minority stake in Binance. The announcement was made at the ongoing Token2049 event in Dubai on Thursday, May 1.
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Ubisoft Forms New Subsidiary for Assassin's Creed, Far Cry and Rainbow Six Franchises Backed by Tencent
Ubisoft is forming a new dedicated subsidiary for its core IPs of Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six in an effort to transform its operations, the company announced Thursday. The new entity will be backed by a €1.16 billion investment from Chinese conglomerate Tencent, which will hold a minority stake in the subsidiary.
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Binance Sells Minority Stake to Abu Dhabi’s MGX Sovereign Wealth Fund for $2 Billion
Abu Dhabi-based MGX wealth management fund has acquired an undisclosed stake in Binance for $2 billion (roughly Rs. 17,403 crore). According to Binance co-founder Changpeng Zhao, this marks the platform’s first institutional investment.
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US Drops Bid to Make Google Sell Anthropic Investments in Antitrust Case
The US DoJ dropped a proposal to force Alphabet's Google to sell its investments in AI firms. Google holds a minority stake worth billions of dollars in Anthropic. Losing the investment would hand a competitive advantage to OpenAI and its partner Microsoft, Anthropic wrote to the court in February.
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OpenAI To Remove Non-Profit Control And Give Sam Altman Equity, Sources Say
The OpenAI non-profit will continue to exist and own a minority stake in the for-profit company, the sources said.
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Amitabh Bachchan's Family Invests in Swiggy, Buys Shares Held By Employees
Amitabh Bachchan's family office has acquired a minority stake in food delivery and quick commerce app Swiggy, according to reports.
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Google Said to Invest $350 Million in Flipkart, Valuing Firm at $37 Billion
Google will invest $350 million in Walmart-backed Flipkart, and pick up a minority stake in the e-commerce firm. The latest funding round, led by biggest shareholder Walmart, values the firm at $37 billion. Flipkart said in a statement that Google will join in as an investor in the latest funding round for the Bengaluru-based company.
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Google To Buy Stake In Flipkart In Walmart-Led Funding Round
Flipkart today announced to add Google as a minority investor in the e-commerce platform as part of the latest funding round led by Walmart.
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Minority Groups Have Equal Stake In Democracy: US Envoy To India
US Ambassador to India Eric Garcetti on Wednesday said efforts should be made to ensure that every section of society including ethnic or religious minorities feels that it has an equal stake in a country's democracy.
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Disney, Reliance Said to Ink Binding Pact to Merge India Media Operations
Walt Disney and Reliance Industries have signed a binding pact to merge their media operations in India, according to people familiar with the matter, as the US entertainment giant recasts its strategy amid intense competition in the world’s most-populous country.
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British Billionaire Ratcliffe Completes Purchase Of Minority Stake In Man Utd
It was announced on December 24 last year that Ratcliffe had agreed to buy a 25 per cent stake in United from unpopular owners the Glazer family in a deal worth around £1.02 billion ($1.3 billion).
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Man Utd Fans Seek Clarity As Ratcliffe Eyes Minority Stake
Qatari banker Sheikh Jassim Bin Hamad Al Thani withdrew his attempt to buy the 20-time English champions.
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Adani Group Sells Stake In 4 Companies For Rs 15,446 Crore
The embattled Adani Group has sold minority stakes in four of its listed companies to US-based GQG Partners for Rs 15,446 crore as the apple-to-airport conglomerate, recovering from a sell-off triggered by a short-seller report,
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Tata Motors in Talks to Sell Minority Stake in Its EV Division, Intends to Raise Up to $1 Billion: Report
Tata Motors is in talks with sovereign wealth funds and private equity investors to sell a significant minority stake in the company's electric vehicle division, Economic Times newspaper reported on Thursday, citing sources.
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China Acquires 'Golden Shares' in Two Alibaba Units in Bid to Strengthen Control Over Online Content
China has purchased 'golden shares', or minority stakes with special rights, in two of Alibaba's domestic units. Golden shares grant government-backed funds or companies board representation and/or veto rights for key business decisions. Beijing is looking to extend a campaign to strengthen control over online content, and Alibaba has been one of t...
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Trump-Backed USD1 Stablecoin Chosen to Back MGX’s $2 Billion Binance Stake Deal: Report
Eric Trump has reportedly announced that the USD1 stablecoin has been picked as the mode of payment for MGX’s purchase of a minority stake in Binance. The announcement was made at the ongoing Token2049 event in Dubai on Thursday, May 1.
-
Ubisoft Forms New Subsidiary for Assassin's Creed, Far Cry and Rainbow Six Franchises Backed by Tencent
Ubisoft is forming a new dedicated subsidiary for its core IPs of Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six in an effort to transform its operations, the company announced Thursday. The new entity will be backed by a €1.16 billion investment from Chinese conglomerate Tencent, which will hold a minority stake in the subsidiary.
-
Binance Sells Minority Stake to Abu Dhabi’s MGX Sovereign Wealth Fund for $2 Billion
Abu Dhabi-based MGX wealth management fund has acquired an undisclosed stake in Binance for $2 billion (roughly Rs. 17,403 crore). According to Binance co-founder Changpeng Zhao, this marks the platform’s first institutional investment.
-
US Drops Bid to Make Google Sell Anthropic Investments in Antitrust Case
The US DoJ dropped a proposal to force Alphabet's Google to sell its investments in AI firms. Google holds a minority stake worth billions of dollars in Anthropic. Losing the investment would hand a competitive advantage to OpenAI and its partner Microsoft, Anthropic wrote to the court in February.
-
OpenAI To Remove Non-Profit Control And Give Sam Altman Equity, Sources Say
The OpenAI non-profit will continue to exist and own a minority stake in the for-profit company, the sources said.
-
Amitabh Bachchan's Family Invests in Swiggy, Buys Shares Held By Employees
Amitabh Bachchan's family office has acquired a minority stake in food delivery and quick commerce app Swiggy, according to reports.
-
Google Said to Invest $350 Million in Flipkart, Valuing Firm at $37 Billion
Google will invest $350 million in Walmart-backed Flipkart, and pick up a minority stake in the e-commerce firm. The latest funding round, led by biggest shareholder Walmart, values the firm at $37 billion. Flipkart said in a statement that Google will join in as an investor in the latest funding round for the Bengaluru-based company.
-
Google To Buy Stake In Flipkart In Walmart-Led Funding Round
Flipkart today announced to add Google as a minority investor in the e-commerce platform as part of the latest funding round led by Walmart.
-
Minority Groups Have Equal Stake In Democracy: US Envoy To India
US Ambassador to India Eric Garcetti on Wednesday said efforts should be made to ensure that every section of society including ethnic or religious minorities feels that it has an equal stake in a country's democracy.
-
Disney, Reliance Said to Ink Binding Pact to Merge India Media Operations
Walt Disney and Reliance Industries have signed a binding pact to merge their media operations in India, according to people familiar with the matter, as the US entertainment giant recasts its strategy amid intense competition in the world’s most-populous country.
-
British Billionaire Ratcliffe Completes Purchase Of Minority Stake In Man Utd
It was announced on December 24 last year that Ratcliffe had agreed to buy a 25 per cent stake in United from unpopular owners the Glazer family in a deal worth around £1.02 billion ($1.3 billion).
-
Man Utd Fans Seek Clarity As Ratcliffe Eyes Minority Stake
Qatari banker Sheikh Jassim Bin Hamad Al Thani withdrew his attempt to buy the 20-time English champions.
-
Adani Group Sells Stake In 4 Companies For Rs 15,446 Crore
The embattled Adani Group has sold minority stakes in four of its listed companies to US-based GQG Partners for Rs 15,446 crore as the apple-to-airport conglomerate, recovering from a sell-off triggered by a short-seller report,
-
Tata Motors in Talks to Sell Minority Stake in Its EV Division, Intends to Raise Up to $1 Billion: Report
Tata Motors is in talks with sovereign wealth funds and private equity investors to sell a significant minority stake in the company's electric vehicle division, Economic Times newspaper reported on Thursday, citing sources.
-
China Acquires 'Golden Shares' in Two Alibaba Units in Bid to Strengthen Control Over Online Content
China has purchased 'golden shares', or minority stakes with special rights, in two of Alibaba's domestic units. Golden shares grant government-backed funds or companies board representation and/or veto rights for key business decisions. Beijing is looking to extend a campaign to strengthen control over online content, and Alibaba has been one of t...
