News Highlights: Top Company News of the Day
09 March 2021 - 2:30AM
Dow Jones News
Zoom CEO Transfers $6 Billion of His Shares
Eric Yuan transferred roughly 40% of his ownership in the
company he runs, a stake valued at about $6 billion, after Zoom's
shares more than tripled last year.
Apax Partners Seeks $1.5 Billion for Second Midmarket Digital Fund
Buyout firm Apax Partners is pitching its second digital fund
focused on midmarket technology companies just weeks after
collecting $11 billion for its latest main investment pool.
Apollo Reabsorbs Athene in Deal Valuing Firm at $11 Billion
Private-equity giant Apollo announced the acquisition of the
portion of Athene Holding it doesn't already own in an all-stock
transaction that values the insurance-and-retirement services firm
at around $11 billion.
KKR Invests in Paige.AI Through a $125 Million Financing Round
Aside from KKR & Co., the Paige.AI financing round also
included investors Casdin Capital, Catalio Capital Management and
Johnson & Johnson's strategic venture-capital arm.
U.S. Companies in China Say Political Tensions Remain Top Concern
The pessimism comes despite 50% of respondents predicting the
tone of the U.S.-China relationship would likely improve this year
following the change in leadership in Washington.
American Airlines to Use Frequent-Flier Program to Raise $7.5 Billion
The carrier will use the funds to replace a loan from the
federal government.
Christian Louboutin Sells 24% Stake to Italy's Agnelli Family
The stake values the luxury footwear brand, known for its red
soles, at $2.73 billion.
Meghan Markle and Prince Harry's Oprah Interview Drew About 17.1 Million Viewers
The conversation that aired Sunday on CBS was one of the
most-watched events of the TV season, but its audience was still a
far cry from the Super Bowl's.
Greensill Files for Insolvency, Leaving Pain for Investors
SoftBank-backed Greensill Capital filed for insolvency
protection, days after regulators took over its banking unit and
Credit Suisse froze key investment funds.
Selling Jet-Leasing Could Be a Breakup Too Far for GE
General Electric's aviation business might lose a key advantage
as CEO Larry Culp continues to unwind his predecessors' legacy.
(END) Dow Jones Newswires
March 08, 2021 21:15 ET (02:15 GMT)
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