partnership
Top StoriesChina’s Xi Will Visit Russia in 2025, Russian Ambassador Says
Top StoriesChina’s Xi Will Visit Russia in 2025, Russian Ambassador Says
BusinessSouth Korea’s Shinsegae to Set up Joint Venture With Alibaba International
BusinessSouth Korea’s Shinsegae to Set up Joint Venture With Alibaba International
Alibaba Nears $4 Billion Jv Deal With S.Korea’s E-Mart, Bloomberg News Reports
Date: December 26, 2024
(Reuters) -Alibaba Group is nearing a deal to merge its South Korean operations with E-Mart’s e-commerce platform in a transaction that would value the new joint venture at about $4 billion, Bloomberg News reported on Thursday. The companies are finalizing details of the deal, which could be announced as soon as this week, the report...
Factbox-What Does Len Blavatnik’s Streaming Platform Dazn Do?
Date: December 23, 2024
(Reuters) – Sports streaming platform DAZN has agreed to buy News Corp’s Australian cable TV unit Foxtel for A$3.4 billion ($2 billion) including debt. Here are some details about the company and its owner: WHAT IS DAZN? The London-headquartered platform has over 300 million viewers across 200 markets. It streams several thousand sporting events with...
BNP Paribas Signs €5.1bn Share Purchase Agreement for Axa Im
Date: December 23, 2024
BNP Paribas has formally signed the previously announced €5.1bn ($5.3bn) share purchase agreement for Axa Investment Managers. Axa and BNP Paribas Cardif entered into exclusive negotiations in August to offload Axa’s asset management division. The signing of the share purchase agreement follows the completion of the information-consultation procedure on strategic issues with the relevant employee...
Honda, Nissan Aim to Close Merger Talks in June 2025, Source Says
Date: December 23, 2024
By Maki Shiraki TOKYO (Reuters) -Honda and Nissan are likely to unveil on Monday a pact to explore a merger by setting up a joint holding company, a person familiar with the matter told Reuters, with the aim of reaching a deal by June 2025. The consolidation would create the world’s third-largest auto group by...
Exclusive-Nornickel in Talks With Xiamen C&d to Shift Copper Smelting to China
Date: December 20, 2024
By Polina Devitt and Amy Lv LONDON/BEIJING (Reuters) – Chinese conglomerate Xiamen C&D and Russia’s Nornickel are in talks to create a joint venture in China to process Nornickel’s copper raw material into metal, two sources with knowledge of the matter told Reuters. Nornickel has struggled to import equipment to sanctions-hit Russia, where it produces...
EssilorLuxottica and Prada Extend Eyewear Licensing Agreement
Date: December 19, 2024
MILAN (Reuters) – Italy’s Prada and eyewear maker EssilorLuxottica said on Thursday they renewed the licensing agreement for the production and worldwide distribution of eyewear under the Prada, Prada Linea Rossa and Miu Miu brands. The existing deal, set to expire at the end of 2025, will be extended to end-2030, with the provision to...