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Strategic Options

All articles tagged with #strategic options

businesstechnology1 year ago

"Potential Buyers Circle as UK Chipmaker Graphcore Explores Sale"

U.K.-based AI processor developer Graphcore is reportedly exploring a potential sale due to financial challenges, with rumored buyers including Arm, OpenAI, and Softbank. Despite raising substantial funds, the company has struggled to gain traction in the AI processor market and faces the need to raise more funds by May 2024. The company's recent financial difficulties, including staff layoffs and office closures, have led to speculation about a potential sale, with national security scrutiny likely due to the strategic importance of AI technology.

via Tom's Hardware|
#ai-processors#businesstechnology#financial-challenges
finance2 years ago

Equities Lose Momentum as August Starts with Sluggishness

Stock futures rose slightly on Sunday evening as Wall Street aimed to rebound from a sluggish start to August. Last week, the S&P 500 and Nasdaq Composite experienced losses, while the Dow Jones Industrial Average had a positive week. The upcoming week will be influenced by earnings reports from Home Depot, Target, and Walmart, as well as retail sales data. U.S. Steel announced a review of strategic options after receiving unsolicited proposals for deals.

via CNBC|
#august#earnings-reports#finance
business2 years ago

Disney's Strategic Moves in India: Sale or Joint Venture on the Table

The Walt Disney Company is reportedly reviewing its strategic options in India, including a potential sale of its business or a joint venture, as it seeks to address the challenges of the country's developing entertainment market. Disney's acquisition of 21st Century Fox in 2019 gave it a strong market position in India, but the rise of mobile broadband delivery and new competitors have impacted its streaming service, Disney+ Hotstar. The loss of significant cricket telecast rights has also weakened the product, leading to a potential loss of subscribers. The Indian streaming market is price-sensitive, and Disney+ Hotstar India has a low average revenue per user. The overall revenue and earnings of Disney's Star business in India are expected to decline, reflecting the challenges faced in the market.

via Variety|
#business#disney#entertainment-industry
business2 years ago

PacWest Bancorp to offload real estate loans to Kennedy-Wilson

PacWest Bancorp has agreed to sell a portfolio of 74 real estate construction loans worth around $2.6bn to a unit of Kennedy-Wilson Holdings. The bank will also sell an additional six real estate construction loans worth around $363m to Kennedy-Wilson. The sale comes as PacWest has been exploring strategic options and focusing on core products such as homeowners' association banking. The transaction is expected to close in multiple tranches during Q2 and early Q3 of 2023.

via CNBC|
#business#kennedy-wilson#pacwest-bancorp