Business news

US bars $1.2B Chinese acquisition of MoneyGram

Chinese billionaire Jack Ma has dropped his bid to buy U.S. money transfer company MoneyGram after Washington rejected the $1.2 billion deal in a fresh example of heightened American scrutiny of Chinese investment.

dateJan 03, 2018 in Business
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SoftBank group acquires major stake in Uber

A group led by Japanese technology conglomerate Softbank has acquired a major stake in Uber, potentially tamping down internal warfare at the troubled ride-hailing company and strengthening the hand of CEO Dara Khosrowshahi ...

dateDec 29, 2017 in Business
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