Lufthansa closes in on stake in Italy's ITA Airways
German airline giant Lufthansa submitted a fresh offer Wednesday for Italy's troubled ITA Airways, bringing a turbulent takeover process closer to the finish line.
Jan 18, 2023
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Business
News tagged with minority stake
Automotive
Porsche shares rise in one of Europe's largest market debuts
Shares in luxury carmaker Porsche AG rose on their first day of public trading after German parent company Volkswagen raised 9.4 billion euros ($9.1 billion) for one of the largest initial public offerings in European history.
Sep 29, 2022
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Automotive
Defying turmoil, Porsche to go 'full throttle' with blockbuster IPO
Luxury sports carmaker Porsche will debut on the Frankfurt stock exchange Thursday in one of Europe's biggest listings in years, hoping its brand power can attract investors despite market turbulence.
Sep 29, 2022
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9
Business
Foxconn strikes $19.4 bn deal to make chips in India
Taiwanese electronics giant Foxconn will invest $19.4 billion to make semiconductors in India with local conglomerate Vedanta, backed by New Delhi's push to boost tech self-reliance after a global chip shortage.
Sep 14, 2022
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Tencent buys stake in Japanese gaming firm behind Elden Ring
Chinese gaming giant Tencent has bought a minority stake in Japanese game developer FromSoftware, maker of the smash-hit fantasy title Elden Ring, the Tokyo-based firm said Wednesday.
Aug 31, 2022
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Business
New Italian airline to take off on October 15
Tough talks between Italy and the European Commission on a plan to replace struggling Alitalia have laid the groundwork for a new, streamlined flag carrier, the economy ministry said Thursday.
Jul 15, 2021
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2
Business
Indian food delivery giant Zomato eyes $1.3bn IPO
Indian food delivery giant Zomato announced plans Thursday to raise 93.75 billion rupees ($1.3 billion) via an initial public offering, the latest firm to take advantage of a strong rally in local equities.
Jul 8, 2021
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Business
TikTok urges US court order to block Trump ban
A federal judge Thursday urged the Trump administration to consider delaying a ban on new downloads of the popular video app TikTok and hinted he might block the government's order set to take effect on Sunday.
Sep 24, 2020
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4
Business
Trump says no TikTok deal yet amid security concerns
President Donald Trump said on Wednesday he wasn't ready to approve a deal for an American company to partner with Chinese-owned video app TikTok, which would allow it to continue operating in the United States.
Sep 17, 2020
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5
Business
James Murdoch takes stake in Vice Media: report
James Murdoch, one of the sons of mogul Rupert Murdoch, has taken a minority stake in the fast-growing millennial-focused Vice Media, the Financial Times reported Thursday.
Oct 11, 2019
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