Divestiture

Heavy Losses Force US-Sanctioned Wingtech to Divest Assets

10 days ago

In a significant development that showcases the ongoing economic pressures faced by firms under US sanctions, Wingtech, a major player in the electronics manufacturing sector, has announced its decision to divest assets following substantial financial losses. The company, which has been notably affected by sanctions imposed due to its connections with entities designated as national security threats, is now at a crossroads, forced to reassess its business strategies and financial viability.

Breaking News: DOJ Urges Google to Divest Chrome to Combat Search Monopoly

5 months ago

In a significant development within the ongoing scrutiny of tech giants, the U.S. Department of Justice (DOJ) is pressuring Google to consider selling off its popular web browser, Chrome, as part of a broader strategy to dismantle what officials describe as an "unfettered monopoly" over the internet search market. This move emerges from a series of antitrust investigations that have intensified in recent months, underscoring the growing concerns regarding the power exerted by major tech companies, particularly Google.

Rekeep Enters Exclusive Negotiations to Divest Energy Division Amidst Debt Concerns

6 months ago

In a strategic move to alleviate its financial burdens, Rekeep, a notable player in the maintenance and management services sector, has announced that it is currently engaged in exclusive talks to sell its energy division. This decision comes in the wake of increasing debt pressures that have been challenging the company's financial stability.

Prosus Fully Exits Stake in China's Trip.com

6 months ago

What seems to be a strategic financial move, Prosus NV reportedly sold all of its stake in Trip.com Group Ltd., one of China's major online travel agencies. According to people familiar with the transaction, the technology investment firm reached the deal recently, in what is perceived as a strategic shift in the investment strategy at Prosus.

Arm’s Attempt to Sell Product Unit to Intel Rejected

6 months ago

Of late, an effort by Arm Holdings Ltd. to sell off one of its product units has hit a roadblock. The UK semiconductor giant has reportedly approached Intel Corporation to buy the concerned unit, which the latter has rejected. The move is part of a larger effort by Arm to reshape its business by divesting fringe operations and focusing on its core business.