Tag Archives: billion

(Bloomberg) — Blackstone Inc. agreed to buy PS Business Parks Inc. for about $7.6 billion, expanding its bets on real estate across the U.S. Most Read from Bloomberg Affiliates of Blackstone Real Estate will buy Glendale, California-based PSB for $187.50 a share in cash, according to a statement Monday. The price is roughly a 12% premium to PSB’s closing price on Friday. Under the deal, Blackstone agreed to take over approximately 27 million square feet of industrial and office properties,… Source link

Yichuan Cao/NurPhoto via Getty Images Twitter officials are expected to meet Sunday to re-examine Musk’s offer to buy the company, WSJ reported. The company last week filed a shareholder rights plan or “poison pill” to prevent a hostile takeover by Musk. The Tesla CEO confirmed $46.5 billion in financing from banks and other entities in a regulatory filing earlier this week. Twitter is reportedly reconsidering Elon Musk’s bid to purchase the social platform, The Wall Street Journal… Source link

Twitter may be warming up to the idea of selling itself to . According to , the company is re-examining Musk’s takeover bid after the billionaire he had the financial backing to get the deal done. When Musk first announced he was ready to pay to buy the social media giant, noting at the time it was his “best and final offer,” Twitter was widely expected to reject the proposal. The company even went so far as to adopt a so-called “” strategy to ward off a hostile takeover… Source link

IDAHO — On April 13, Google released its Economic Impact Report for Idaho, sharing in a press release that it helped provide $1.11 billion of economic activity in 2021 for thousands of Idaho businesses, publishers, nonprofits, creators and developers who used Google products to increase their online presence and connect with the people and communities they serve. More than 119,000 Idaho… Source link

By Jonathan Stempel NEW YORK (Reuters) – Warren Buffett needed just two weeks to put together Berkshire Hathaway Inc’s $11.6 billion takeover of Alleghany Corp, its largest acquisition in six years, even as he balked at paying the insurer’s banking fee, a regulatory filing on Monday shows. Alleghany said its Chief Executive Officer Joseph Brandon met with Buffett for dinner in New York City on March 7, where after some “casual conversation” Buffett offered $850 per share in cash for the… Source link

(Bloomberg) — JetBlue Airways Corp. offered to buy budget carrier Spirit Airlines Inc. for $3.6 billion, potentially spoiling a competing bid by rival Frontier Group Holdings Inc. and reshaping the landscape for ultra-low-cost air travel. Most Read from Bloomberg Spirit said Tuesday it received an unsolicited proposal from JetBlue to buy outstanding shares for $33 apiece in cash. Spirit will work with financial and legal advisers to evaluate the offer, according to a statement. The surprise… Source link

(Bloomberg) — Alibaba Group Holding Ltd. ramped up its share buyback program to $25 billion, expanding that arsenal for a second time in less than a year to stanch a $470 billion loss of value during Beijing’s internet crackdown. Most Read from Bloomberg The board of China’s e-commerce leader has approved the program, which will run for two years through to March 2024, the company said in a statement. It also appointed a new independent director in Shan Weijian, chairman of alternative… Source link

All-cash transaction provides significant premium, delivering substantial and certain value for Alleghany stockholders Strong strategic fit between Berkshire Hathaway and Alleghany Alleghany and its subsidiaries will continue to operate as an independent entity with increased capital strength and support from Berkshire Hathaway OMAHA, Neb. & NEW YORK, March 21, 2022–(BUSINESS WIRE)–Berkshire Hathaway (NYSE:BRK.A; BRK.B) and Alleghany Corporation (NYSE:Y) today jointly announced they have… Source link

Alexander Manzyuk/Reuters The fifth-largest stockpile of gold in the world belongs to Russia, valued at nearly $140 billion. As with oil, sanctions are making it very difficult for Russia to trade the precious commodity. Demand for gold is still high within the country as the ruble has crashed to record lows. Like the price of crude oil, gold prices have been on a wild ride since Russia began its invasion of Ukraine. And like oil, Russia holds some of the world’s largest reserves of gold — some… Source link

Selling a much cheaper iPhone may pay off very well financially for Apple (AAPL). “We believe the launch should be a notable tailwind for Apple, which we think could ship >35M units in the phone’s first year. At a blended average selling price of ~$450 or modestly higher given a higher base price, shipments at that volume could generate an additional ~$15-20 billion in annual revenues (approx. ~4-5% of total sales). Assuming standard product operating margins, it could contribute ~25-30… Source link