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Dollar Tree Inc. has announced the sale of its struggling Family Dollar business for $1 billion to investment firms Brigade Capital Management and Macellum Capital Management. Dollar Tree Inc.’s stock climbed 3.4% early Wednesday to lead S&P 500 premarket gainers, however, at 9:08 am pre-market, it was up by only 0.55%. The deal, expected to… Continue reading Dollar Tree stock rises despite sale of Family Dollar at a huge loss: here’s why

When Assaf Rappaport, Ami Luttwak, Yinon Costica, and Roy Reznik were riding a bus to their Israeli army base nearly a decade ago, they weren’t just swapping stories. They were shaping what would become one of the biggest exits in venture capital history. What started as a conversation among four Unit 8200 cyber operatives is… Continue reading Google’s record-breaking acquisition of Wiz: the story behind the deal

Burger King UK, the main operator of the fast-food chain’s British business, is set to begin discussions with lenders for a major refinancing deal nearly eight years after it was acquired by private equity firm Bridgepoint, according to a report by Sky News. The company is looking to secure an additional £40 million in borrowing… Continue reading Burger King UK seeks £40M refinancing to fund expansion: report

The UK’s Financial Conduct Authority (FCA) has imposed a £1.8 million fine on hedge fund manager Crispin Odey and banned him from working in the financial services industry, citing a “lack of integrity.” The Financial Conduct Authority asserted that Crispin Odey “deliberately sought to frustrate” the disciplinary proceedings at his hedge fund, Odey Asset Management… Continue reading Crispin Odey faces £1.8M fine and UK industry ban for obstructing hedge fund probe

Metashot, a Bangalore-based cricket gaming company, recently made waves on Shark Tank India when its founders—Prince Thomas, Ranjit Behera, and Ajith Sunny—sought ₹80 lakh for a 1.5% stake, valuing the company at ₹53 crore. Their pitch drew interest from multiple investors. In the end, Vineeta Singh and Anupam Mittal joined forces to make a counteroffer… Continue reading Interview: Our revenue has almost doubled—MetaShot CEO on Shark Tank boost and future plans

Walgreens Boots Alliance will be taken private by Sycamore Partners in a $10 billion deal, the companies announced Thursday, marking the end of nearly a century of public trading for the US pharmacy giant. The move comes after years of financial turbulence that saw Walgreens’ market value plummet from a peak of $100 billion to… Continue reading Walgreens to go private in $10B deal with Sycamore: how the pharmacy giant fell from grace

Rystad Energy research forecasts that the global offshore wind industry will rebound in 2025, with capacity additions predicted to hit 19 gigawatts (GW) and sector-wide spending expected to reach $80 billion. The slowdown at the end of last year, when new installations dropped by 2 GW to approximately 8 GW, has been followed by a… Continue reading Global offshore wind poised for landmark 19GW of additions in 2025

Ola Electric has laid off more than 1,000 employees and contract workers as the company looks to curb rising losses, Bloomberg reported. The cuts impact several departments, including procurement, fulfillment, customer relations, and charging infrastructure. This marks the second major round of layoffs in less than five months, following a workforce reduction of around 500… Continue reading Ola Electric lays off over 1,000 workers as losses mount: what’s ailing the EV maker?

Anthropic has introduced Claude 3.7 Sonnet, a frontier AI model designed to provide users with both immediate and more considered responses. The company touts it as the industry’s first “hybrid AI reasoning model,” allowing users to choose how long the AI “thinks” before generating an answer. The rollout, announced on Monday, is part of Anthropic’s… Continue reading Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer