COMPANIES THAT SPENT billions on poorly timed acquisitions in recent years are now offloading those assets at knockdown prices.
Alibaba Group Holding announced on Tuesday it's going to sell Chinese department-store chain Intime to a local apparel group for $1 billion. The price is around 30% of the company's valuation when Alibaba bought it during the heady days of 2017. The internet giant, which has largely abandoned its acquisitive ways amid government pressure, said it will book a $1.3 billion loss on the transaction.
Diese Geschichte stammt aus der December 20, 2024-Ausgabe von Financial Express Chandigarh.
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Diese Geschichte stammt aus der December 20, 2024-Ausgabe von Financial Express Chandigarh.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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Maharashtra portfolios: CM keeps home; Pawar gets finance
MAHARASHTRA CHIEF MINISTER Devendra Fadnavis on Saturday allocated portfolios to his council of ministers, retaining the crucial Home department with him.
Film fest raises toast to women, Kerala hopes industry follows
WHEN SHE SET out to direct her first feature film, Adithya Baby had an army of university classmates as her cast and crew.
AAP rejects claims of nod to prosecute Kejriwal
AAM AADMI PARTY leaders in Delhi, including chief minister Atishi, on Saturday rejected claims that Lieutenant Governor VK Saxena has granted sanction to the Enforcement Directorate to prosecute party supremo Arvind Kejriwal in the alleged excise policy scam.
US shutdown averted, with funding bill rushed by Senate
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Battle for Mont Choisy
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Big blows for the Constitution
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Shame and hypocrisy
WHAT REALLY NAUSEATED me about the shenanigans in Parliament last week was the hypocrisy.
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