Private equity firm Silver Lake buys $500 million stake in Manchester City: report

Silicon Valley private equity firm Silver Lake Partners is reportedly buying a $500 million stake in Manchester City, at a valuation that would make the English soccer team one of the world’s most expensive sports franchises. The Financial Times first reported the deal, which it said is expected to be officially announced Wednesday. The FT said Silver Lake is buying […]

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Foot Locker’s $275 million investment program will help build business in Asia

Foot Locker Inc.’s $275 million capital expenditure program planned for 2019 will put money behind the company’s business expansion in Asia, an continue a strategy put in place in 2018, according to Baird analysts. The company’s late-Wednesday announcement was accompanied by a 10% dividend increase to 38 cents per share, and $1.2 billion in new share buybacks. In 2018, Foot […]

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Alibaba to cut back on plans for U.S. cloud business: report

Alibaba Group Holding Ltd. BABA, +0.55% is planning to halt its plans for a U.S. expansion of its cloud business, according to a new report from The Information. The story, which cites multiple anonymous sources, said that Alibaba is putting its plans on hold after its initial attempts to compete with Amazon.com Inc. AMZN, +0.56% Microsoft Corp. MSFT, +0.00% and […]

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Tesla short sellers are up $1.2 billion since Elon Musk’s ‘going-private’ tweet

Investors betting that Tesla Inc. stock will fall appear to be having the last laugh, at least for now. Tesla TSLA, -8.93% short sellers are up $1.2 billion in paper gains since the day Chief Executive Elon Musk tweeted he was “considering” taking the company private at $420 and funding was “secured,” S3 Partners LLC, which tracks real-time short interest data, […]

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