Companies overinvested during the heady growth days of 2020 and 2021, and, with a recession possibly around the corner, growth rates have fallen significantly. Among the losers are Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Amazon (NASDAQ: AMZN). While Alphabet gets attention for its cloud business and other bets, the company is an advertising platform at its core, and that is the source of nearly all of its profits. Read More...
Reuters
Toshiba’s preferred bidder moving closer to securing financing for buyout -sources
Japan Industrial Partners, the preferred bidder to buy out Toshiba Corp, has moved closer to securing financing from banks, three people with knowledge of the matter said. Concrete restructuring steps proposed by JIP have made a group of lenders, including Toshiba’s main banks Sumitomo Mitsui Banking Corp and Mizuho Bank Ltd, more confident in JIP’s post-acquisition plans, said two of the people who have direct knowledge of the financing discussions. JIP, which is planning to form a consortium, is hoping to secure commitments from banks this month for a buyout that would value the industrial conglomerate at around 2.2 trillion yen ($16 billion) including debt, one of the people and a fourth source said.
Add Comment