TikTok Sells U.S. Operations to Oracle and MGX Consortium
TikTok is selling its U.S. operations to a consortium including Oracle and MGX, with an independent management structure to protect data privacy.
BP Appoints Meg O'Neill as CEO in Strategic Shift Back to Core Oil and Gas Operations
BP appoints Meg O'Neill as CEO, marking a strategic shift back to core oil and gas operations amid investor pressure for improved performance.
Ares Invests $100 Million in Dubai Family Office Amid Gulf Private Credit Expansion
Ares Management invests $100M in Dubai's Patrimium, boosting Gulf private credit amid rising global interest in alternative financing.
Ma'aden Receives Energy Ministry Approval for Fourth Phosphate Project to Boost Production
Ma'aden gets Energy Ministry approval for its Fourth Phosphate Project, boosting fertilizer production capacity to 12M tons annually.
US Video Game Console Sales Plummet 27% in November, Worst in 20 Years
US video game console sales fell 27% in November, the worst in 20 years, due to rising prices and tariffs.
Carlyle Launches Tender Offer for Japanese Medical Firm Hogy Medical
Carlyle Group offers $951M to acquire Hogy Medical, reaching pre-agreements with key shareholders amid rising M&A activity in Japan.
Warner Bros. Rejects Paramount Offer, Sticks with Netflix Deal
Warner Bros. rejects Paramount's acquisition offer, citing risks, and reaffirms commitment to Netflix deal for better value and stability.
Volkswagen Pressures Battery Unit 'PowerCo' After Spending Cuts and Seeks External Financing
Volkswagen reduces investments in PowerCo and searches for external financing amid financial pressure and slowing demand for electric vehicles.
Ford Cancels $6.5 Billion Battery Contract with LG Amid Electric Vehicle Restructuring
Ford cancels $6.5B battery deal with LG, signaling a shift in EV strategy amid restructuring and losses.
Apple Considers Shifting iPhone Chip Assembly to India for the First Time
Apple is exploring the possibility of shifting the assembly of iPhone chips to India, marking a new step to support its supply chain and reduce reliance on China.
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