All articles tagged with #business sale
Originally Published 1 year ago — by The Mountaineer
Pactiv is planning to sell its operations, but the implications for its Canton mill remain unclear, leaving employees and stakeholders uncertain about the future.
Originally Published 1 year ago — by The Guardian
Just Eat Takeaway is selling its US arm, Grubhub, to Wonder for $650 million, marking a significant loss from its $7.3 billion purchase in 2020. The sale comes as Just Eat faces declining demand post-pandemic and increased competition. The deal, expected to close in early 2025, aims to enhance Just Eat's cash flow and growth, while Wonder plans to integrate Grubhub into its vision of a 'super app' for food delivery.
Originally Published 1 year ago — by NBC News
Sean Combs has sold his majority stake in Revolt, the media company he founded, amid mounting sexual assault allegations. Revolt announced that Combs' shares have been fully redeemed and retired, and the company will remain Black-owned and operated. This move comes after Combs faced multiple lawsuits and a federal investigation, with recent developments including a video apology for past abusive behavior.
Originally Published 1 year ago — by The New York Times
Sean Combs has sold his majority stake in Revolt, the media company he founded, amid mounting legal scrutiny over allegations of sexual and physical abuse. The largest shareholder group at Revolt is now made up of employees. This move follows a series of lawsuits filed against Combs, including one from his former girlfriend, Cassie, which has significantly impacted his business empire.
Originally Published 2 years ago — by Fox Business
A judge has ruled to keep the sale of John Oates' half of Whole Oats Enterprises on hold until an arbitrator settles the dispute between him and bandmate Daryl Hall. Hall filed a lawsuit accusing Oates of attempting to sell his share without permission, leading to a temporary restraining order. Lawyers for both parties argued in court, with Hall's attorney claiming that selling half of a partnership without consent is not allowed. The joint business venture includes Hall & Oates trademarks, royalties, and website assets. The legal battle between the two bandmates continues.