All articles tagged with #stake reduction
The Trump family has reduced its stake in the crypto venture World Liberty Financial from 60% to 40%, marking a silent exit from the high-stakes project, which is part of their broader involvement in various crypto businesses.
Donald Trump's company reduced its stake in the crypto venture World Liberty Financial from 60% to 40%, amid ongoing sales and business expansion, with potential profits reaching hundreds of millions of dollars, highlighting continued backroom dealings during his presidency.
Warren Buffett's Berkshire Hathaway has further reduced its stake in HP to 5.2%, according to a regulatory filing. This comes after a nine-day selling streak in September and October, bringing down the conglomerate's bet on the printer and PC maker to about 10%. Despite the reduction, Berkshire still owns 51.5 million shares of HP, making it the third-largest institutional shareholder. HP's shares dipped over 1% in after-hours trading following the news.
Barclays shares slipped after Qatar Holding, one of the bank's largest shareholders, sold around £510 million ($644 million) worth of stock, reducing its investment in the bank. The sale, which represented about 2.4% of Barclays' outstanding shares, comes as the bank is undergoing a cost-cutting shake-up to revive its share price. Barclays' stock fell as much as 4.5% following the news. The timing of the sale ahead of the bank's strategy update in February raised questions among investors, but it is not necessarily indicative of the bank's underlying performance. Qatar became Barclays' largest shareholder during the 2008 financial crisis and injected £4 billion to help the bank avoid a taxpayer bailout.
Berkshire Hathaway has cut its stake in Activision Blizzard by 70% to 14.6 million shares, as Microsoft appears to be nearing a deal to acquire the video game maker.
Binance.US and its founder Changpeng Zhao are exploring ways to reduce his majority stake in the company, with Zhao attempting to sell some of his stake since last summer. The move is seen as a way to improve the company's regulatory compliance, following the CFTC's lawsuit against Binance for allegedly violating U.S. derivatives laws.