Occidental Petroleum Considers $10 Billion Sale of OxyChem Unit
Occidental Petroleum is in negotiations to sell its OxyChem chemical unit for approximately $10 billion, as part of its strategic business moves.
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Trump Claims Intel Will Sell 10% Stake to U.S. Government
President Trump claimed that the CEO of Intel agreed to give the U.S. government $10 billion, which he compared to 10% of the company's value, suggesting a partnership with the United States.
Merck Acquires Verona Pharma for $10 Billion in Diversification Effort
Merck is acquiring Verona Pharma for $10 billion to expand its portfolio with the lung-disease drug Ohtuvayre, aiming to diversify as its top-selling drug Keytruda faces patent expiration. The deal, Merck's largest since 2021, reflects its strategy to offset revenue decline from Keytruda and capitalize on promising COPD treatments, with analysts optimistic about Ohtuvayre's potential to become a multibillion-dollar therapy.
Buss family agrees to sell majority stake of Los Angeles Lakers in reported record $10B deal
The Buss family has agreed to sell a majority stake in the Los Angeles Lakers to Mark Walter in a record-breaking $10 billion deal, making it the most lucrative sports team sale ever. Walter, who already owns a minority stake, is expanding his involvement in the franchise, which has a rich history of NBA success, including recent championships and notable player trades. Buss will remain involved with the team post-sale.
Buss Family to Sell Lakers in $10 Billion Deal to Mark Walter
The Buss family is selling a majority stake in the Los Angeles Lakers to Mark Walter in a record-breaking $10 billion deal, with Jeanie Buss remaining as team governor, marking a significant shift in NBA franchise ownership.