Author: Yahoo

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Michaels Will Go Private in a $3.3 Billion Deal

Michaels Will Go Private in a $3.3 Billion Deal

Michaels Will Go Private in a $3.3 Billion Deal Getty Images Arts-and-crafts retailer Michaels announced Wednesday that it has entered into an agreement with Apollo Global Management, taking the company private. The deal has an equity value of $3.3 billion and a transaction value of $5 billion. Apollo (ticker: APO) will acquire all outstanding shares...

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Sands to Sell Vegas Hotels to Apollo, Vici for $6.25 Billion

Sands to Sell Vegas Hotels to Apollo, Vici for $6.25 Billion

Sands to Sell Vegas Hotels to Apollo, Vici for $6.25 Billion (Bloomberg) — Las Vegas Sands Corp., the world’s largest casino operator by market value, agreed to sell its properties in Las Vegas to Apollo Global Management Inc. and Vici Properties Inc. for $6.25 billion, refocusing the company on its successful Asian resorts and other...

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Workhorse Wants to Overturn the USPS Decision. What That Would Mean for the Stock.

Workhorse Wants to Overturn the USPS Decision. What That Would Mean for the Stock.

Workhorse Wants to Overturn the USPS Decision. What That Would Mean for the Stock. Courtesy Workhorse Workhorse‘s stock after the commercial electric-vehicle maker lost a bid to replace the U.S. Postal Service’s aging fleet of delivery vans. Shares fell more than 50% in the days following the contract award. Now Workhorse (ticker: WKHS) is meeting...

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Tesla stock price target more than doubled at UBS, as long-time skeptic sees EV leader ‘winning’ in software

Tesla stock price target more than doubled at UBS, as long-time skeptic sees EV leader ‘winning’ in software

Tesla stock price target more than doubled at UBS, as long-time skeptic sees EV leader ‘winning’ in software A long-time skeptic on Tesla Inc. ‘s stock, UBS analyst Patrick Hummel, has more than doubled his stock price target, saying the narrative is no longer about the company’s leadership in electric vehicles, it’s about “winning” in...

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Josh Kushner’s Thrive Capital Earns Hefty Payday With Oscar IPO

Josh Kushner’s Thrive Capital Earns Hefty Payday With Oscar IPO

Josh Kushner’s Thrive Capital Earns Hefty Payday With Oscar IPO (Bloomberg) — A sprained ankle turned into a $7.9 billion business for Josh Kushner. Bewildered by the paperwork he received after a 2012 leg injury, Kushner, 35, thought there might be a way to improve the experience with technology. He teamed up with Mario Schlosser,...