Edition:
United Kingdom

Carl O'Donnell

Slack stock surges at debut, values company at more than $23 billion

21 Jun 2019

NEW YORK Shares of Slack Technologies Inc, the fast-growing workplace messaging and communication platform, soared nearly 50% in their public trading debut on Thursday, valuing the company at more than $23 billion. | Video

Slack to take unusual route to public markets, likely valuing it around $16 billion

20 Jun 2019

NEW YORK, June 20 Slack Technologies, the fast-growing workplace messaging and communication platform, is poised for an unusual public listing on Thursday that will see it trade on the New York Stock Exchange and could value it at around $16 billion, according to a person familiar with the matter.

Exclusive: Behind Grindr's doomed hookup in China, a data misstep and scramble to make up

22 May 2019

Early last year, Grindr LLC's Chinese owner gave some Beijing-based engineers access to personal information of millions of Americans such as private messages and HIV status, according to eight former employees, prompting U.S. officials to ask it to sell the dating app for the gay community. | Video

Occidental seen as a rare victory for hedge funds tracking corporate jets

09 May 2019

Hedge funds paying upward of $100,000 (76,511 pounds) per year to track the flights of corporate jets were vindicated when Occidental Petroleum Corp announced two deals last week that matched locations the U.S. oil and gas company's private plane had recently visited.

Exclusive: Hedge funds target Centene, may oppose WellCare deal - sources

06 May 2019

Hedge funds Corvex Management LP and Sachem Head Capital Management LP have built stakes in U.S. health insurer Centene Corp and are exploring challenging its planned $17.3 billion acquisition of WellCare Health Plans Inc, people familiar with the matter said on Monday.

EXCLUSIVE-Hedge funds target Centene, may oppose WellCare deal-sources

06 May 2019

May 6 Hedge funds Corvex Management LP and Sachem Head Capital Management LP have built stakes in U.S. health insurer Centene Corp and are exploring challenging its planned $17.3 billion acquisition of WellCare Health Plans Inc, people familiar with the matter said on Monday.

Meredith to explore sale of its U.S. broadcast stations: sources

01 May 2019

Meredith Corp, best known for its lifestyle magazines such as "Better Homes and Gardens", is preparing to explore a sale of its portfolio of local U.S. broadcast stations as it looks to streamline its business, people familiar with the matter said.

Exclusive: Meredith to explore sale of its U.S. broadcast stations - sources

01 May 2019

Meredith Corp, best known for its lifestyle magazines such as "Better Homes and Gardens", is preparing to explore a sale of its portfolio of local U.S. broadcast stations as it looks to streamline its business, people familiar with the matter said.

Uber takes IPO roadshow to New York as demand builds up

30 Apr 2019

NEW YORK Uber Technologies Inc CEO Dara Khosrowshahi and his top management team took the ride-hailing giant's investor roadshow for its initial public offering to New York on Tuesday, as demand for its shares already exceeded supply.

Exclusive: Anadarko to pursue deal talks with Occidental Petroleum - sources

29 Apr 2019

Anadarko Petroleum Corp, the U.S. oil and gas exploration and production company that agreed this month to sell itself to Chevron Corp for $33 billion (£25.5 billion), decided on Sunday to begin negotiations to sell itself to Occidental Petroleum Corp instead, according to people familiar with the matter.

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