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19 US Employees Become Millionaires After CEO Sells Company Stake For $1 Billion
Bill Phelps, the CEO of Dave's Hot Chicken and former CEO and co-founder of Wetzel's Pretzels, recently revealed that he turned 19 of his employees into millionaires after selling a majority stake to a private equity firm for close to $1 billion.
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Tesla's Public Robotaxi Rides Set for Tentative June 22 Start, CEO Elon Musk Says
Musk has staked Tesla's future on self-driving vehicles, pivoting away from plans to build a cheaper EV platform, and much of the company's valuation hangs on that vision. The EV maker tentatively plans to begin offering rides on its self-driving robotaxis to the public on June 22.
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RCB Owners Break Silence On Reports Of Potential Sale: "Like To Clarify..."
The share prices of United Sprits went up by over 3 per cent on Tuesday after reports surfaced that its parent company - Diageo - was looking to sell stakes in IPL franchise Royal Challengers Bengaluru.
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Ola Electric Shares In Spotlight As Hyundai, Kia Exit Via Rs 690 Crore Block Deals
Hyundai Motor sold its entire stake in Ola Electric, while rival South Korean carmaker Kia trimmed its holding, in a combined share sale worth 6.89 billion rupees ($80 million).
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Harvard In Talks To Sell $1 Billion Of Private Equity Stakes Amid Feud With Trump: Report
Harvard has allocated almost 40% of its $53 billion endowment to private equity, according to an annual report for the year ended in June.
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Binance Founders Refute Rumours of Potential Crypto Exchange Sale
Binance co-founders Changpeng Zhao and Ye Hi have clarified that the Binance crypto exchange is not up for sale. Both Yi and Zhao said that the exchange keeps getting offers to acquire a stake in the company, but the offers have not been considered. Zhao, did however mention, that in due time the company may allow some investments in the “single-...
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Mahindra Sales Up By 16 Percent In January 2025
Mahindra & Mahindra has registered a total sales growth of 16%. With a hold on SUV segment in the Indian market, it lost a few stakes in the commercial vehicle segment.
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Iconic Goa Nightclub Tito's Plans Stake Sale, IPO With Rs 1,000 Crore Valuation
Tito's Group, founded in 1971, is known for its hospitality, local culture, and vibrant nightlife in Goa.
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As Google Faces A Grave And Uncertain Future, Apple Steps In. Here's Why
Two of the world's largest tech behemoths - Apple and Google - are coming together in what is increasingly seeming like an indefensible case. Billions and billions are at stake and Google, the world's 'default' search engine, stares into the abyss.
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Trump Could Ease Regulatory Path For Musks Robotaxi, But Hurdles Remain
As Tesla's electric-vehicle sales have flattened this year, CEO Elon Musk has increasingly staked the company's future on his vision for self-driving robotaxis, despite the massive technological and regulatory obstacles in delivering them.
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Additional Tickets Released For West Indies vs South Africa Super 8 Clash In T20 World Cup
The increase in ticket sales comes due to the high stakes attached to the Super 8 game, with hosts West Indies' qualification on the line.
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WeWork Global In Talks To Sell Entire Stake In WeWork India: Report
Co-working firm WeWork Global, which has filed for bankruptcy in the US, is in talks with potential investors to sell its entire 27 per cent stake in WeWork India to monetise its investments, sources told Press Trust of India.
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Byju's Breached Loan Terms Worth $42 Million, Small Stake Sale Blocked: Report
Indian ed-tech startup Byju's breached terms of loans worth $42 million and has been asked by an arbitrator not to sell some shares of a group firm, a confidential order showed, the latest setback for the company.
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Tata Sons Eyes Mega Monetisation Of Assets Via Stakes Sale, IPOs
Tata Sons may be looking at a mega monetisation drive for the first time to raise funds for new businesses.
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Whirlpool Sells 24% Stake In India Unit For $468 Million
Whirlpool said on Tuesday it has executed a sale of 24% of its stake in its India unit for about $468 million.
-
19 US Employees Become Millionaires After CEO Sells Company Stake For $1 Billion
Bill Phelps, the CEO of Dave's Hot Chicken and former CEO and co-founder of Wetzel's Pretzels, recently revealed that he turned 19 of his employees into millionaires after selling a majority stake to a private equity firm for close to $1 billion.
-
Tesla's Public Robotaxi Rides Set for Tentative June 22 Start, CEO Elon Musk Says
Musk has staked Tesla's future on self-driving vehicles, pivoting away from plans to build a cheaper EV platform, and much of the company's valuation hangs on that vision. The EV maker tentatively plans to begin offering rides on its self-driving robotaxis to the public on June 22.
-
RCB Owners Break Silence On Reports Of Potential Sale: "Like To Clarify..."
The share prices of United Sprits went up by over 3 per cent on Tuesday after reports surfaced that its parent company - Diageo - was looking to sell stakes in IPL franchise Royal Challengers Bengaluru.
-
Ola Electric Shares In Spotlight As Hyundai, Kia Exit Via Rs 690 Crore Block Deals
Hyundai Motor sold its entire stake in Ola Electric, while rival South Korean carmaker Kia trimmed its holding, in a combined share sale worth 6.89 billion rupees ($80 million).
-
Harvard In Talks To Sell $1 Billion Of Private Equity Stakes Amid Feud With Trump: Report
Harvard has allocated almost 40% of its $53 billion endowment to private equity, according to an annual report for the year ended in June.
-
Binance Founders Refute Rumours of Potential Crypto Exchange Sale
Binance co-founders Changpeng Zhao and Ye Hi have clarified that the Binance crypto exchange is not up for sale. Both Yi and Zhao said that the exchange keeps getting offers to acquire a stake in the company, but the offers have not been considered. Zhao, did however mention, that in due time the company may allow some investments in the “single-...
-
Mahindra Sales Up By 16 Percent In January 2025
Mahindra & Mahindra has registered a total sales growth of 16%. With a hold on SUV segment in the Indian market, it lost a few stakes in the commercial vehicle segment.
-
Iconic Goa Nightclub Tito's Plans Stake Sale, IPO With Rs 1,000 Crore Valuation
Tito's Group, founded in 1971, is known for its hospitality, local culture, and vibrant nightlife in Goa.
-
As Google Faces A Grave And Uncertain Future, Apple Steps In. Here's Why
Two of the world's largest tech behemoths - Apple and Google - are coming together in what is increasingly seeming like an indefensible case. Billions and billions are at stake and Google, the world's 'default' search engine, stares into the abyss.
-
Trump Could Ease Regulatory Path For Musks Robotaxi, But Hurdles Remain
As Tesla's electric-vehicle sales have flattened this year, CEO Elon Musk has increasingly staked the company's future on his vision for self-driving robotaxis, despite the massive technological and regulatory obstacles in delivering them.
-
Additional Tickets Released For West Indies vs South Africa Super 8 Clash In T20 World Cup
The increase in ticket sales comes due to the high stakes attached to the Super 8 game, with hosts West Indies' qualification on the line.
-
WeWork Global In Talks To Sell Entire Stake In WeWork India: Report
Co-working firm WeWork Global, which has filed for bankruptcy in the US, is in talks with potential investors to sell its entire 27 per cent stake in WeWork India to monetise its investments, sources told Press Trust of India.
-
Byju's Breached Loan Terms Worth $42 Million, Small Stake Sale Blocked: Report
Indian ed-tech startup Byju's breached terms of loans worth $42 million and has been asked by an arbitrator not to sell some shares of a group firm, a confidential order showed, the latest setback for the company.
-
Tata Sons Eyes Mega Monetisation Of Assets Via Stakes Sale, IPOs
Tata Sons may be looking at a mega monetisation drive for the first time to raise funds for new businesses.
-
Whirlpool Sells 24% Stake In India Unit For $468 Million
Whirlpool said on Tuesday it has executed a sale of 24% of its stake in its India unit for about $468 million.
