All articles tagged with #divestment
More than 900 Google workers signed an open letter calling on the company to disclose contracts with ICE and CBP and divest from the agencies, citing Google’s involvement in surveillance and immigration enforcement. The letter also demands worker protections, an internal question-and-answer on DHS and military contracts, and transparency to determine where Google should draw the line.
French tech giant Capgemini announced an immediate divestment from its U.S. subsidiary Capgemini Government Solutions after scrutiny over ties to ICE and a major skip-tracing program that could be worth more than $1 billion; an independent board found U.S. legal restrictions limited proper control to align with Capgemini’s objectives, prompting the exit amid protests and broader Franco-U.S. tensions.
French IT group Capgemini says it will immediately begin selling its U.S. subsidiary Capgemini Government Solutions after lawmakers pressed for answers about a DHS ICE contract. Capgemini notes CGS accounts for a small share of revenue, and CEO Aiman Ezzat said the firm did not have access to classified information and will review the contract and CGS’s contracting procedures.
The U.S. and China signed off on ByteDance’s plan to divest TikTok’s U.S. business into an independent, mostly American‑owned entity led by Oracle and Silver Lake, with ByteDance retaining a minority stake and a seven‑member American‑majority board safeguarding data protection, content moderation and the algorithm, aiming to close by Jan. 22 to meet regulatory requirements.
Guardian analysis shows the Gates Foundation Trust held about $254 million in fossil-fuel extractors in 2024, a nine-year high and up 21% since 2016, signaling a rebound in exposure despite Bill Gates’ 2019 pledge to divest. The trust’s 2024 holdings include Glencore, BP, Occidental Petroleum, Inpex and Equinor, with growth partly driven by stock-price moves and new stakes after earlier rapid divestment; the piece notes the tension between philanthropy and climate commitments as the portfolio remains meaningfully exposed to upstream fossil fuels.
The U.S. President has ordered that Hiefo Corporation, controlled by a Chinese citizen, divest its interests in certain assets of Emcore Corporation due to national security concerns, prohibiting the transaction and requiring divestment within 180 days, with strict oversight and compliance measures enforced by CFIUS.
bp has agreed to sell a 65% stake in Castrol to Stonepeak for $10.1 billion, as part of its strategy to simplify its portfolio and strengthen its balance sheet, with the transaction expected to complete by the end of 2026 and proceeds used to reduce debt.
BP is selling a 65% stake in its Castrol lubricants business to private equity firm Stonepeak for $6 billion as part of its strategy to reduce debt and focus on core oil and gas operations, with BP retaining a 35% stake and the deal expected to complete by the end of 2026.
BP has agreed to sell a 65% stake in its Castrol lubricants business to US investment firm Stonepeak for $10.1 billion, as part of BP's strategy to reduce debt and streamline operations, with proceeds to be used for debt repayment and strategic refocusing.
BP is selling a 65% stake in its Castrol lubricants unit to Stonepeak for $6 billion, valuing the unit at $10.1 billion, as part of a broader strategy to divest $20 billion of assets and focus on core oil and gas operations. The sale is a milestone in BP's strategic reset, which includes leadership changes and a focus on simplifying its business.
Starbucks is selling a controlling stake in its China operations to Boyu Capital in a $4 billion deal, forming a joint venture where Starbucks will hold 40% and Boyu up to 60%, as part of its strategy to exit a declining market share in China due to fierce local competition.
Warner Bros. Discovery, the parent company of CNN and HBO, is considering selling its news and streaming units after announcing a split of its entertainment and sports/news divisions, following bid interest.
ABB is selling its Robotics division to SoftBank for $5.375 billion, aiming to leverage combined AI and robotics expertise, while using the proceeds to strengthen its core business areas and focus on electrification and automation.
Rep. John Moolenaar has called for an urgent White House briefing regarding the proposed TikTok deal, which aims to transfer ownership to U.S. entities while addressing legal and security concerns, amidst ongoing negotiations and legislative oversight.
There is no clear information on the potential sale of TikTok following a phone call between Trump and Xi, with U.S. lawmakers demanding full divestment from Chinese control to comply with bipartisan laws, and skepticism about any deal that involves partial ownership or control by China.