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Privately held company News & Breaking Stories

Disney talks on ABC sale heat up as Byron Allen makes offer
  • 16th Sep 2023

Disney talks on ABC sale heat up as Byron Allen makes offer

Disney has received an offer of $10bn from media mogul Byron Allen for its ABC TV network, local stations, and cable channels, as the company seeks to focus on streaming. Allen's offer is preliminary and could change, but is based on the assumption that the assets generated $1.25bn in earnings over the past year. Disney has also held talks with Nexstar Media Group about ABC and its eight local TV stations. No decision has been made about a sale, but the negotiations could help establish the value of television assets.

Bitcoin price drops 8% amidst ongoing cryptocurrency decline
  • 18th Aug 2023

Bitcoin price drops 8% amidst ongoing cryptocurrency decline

Bitcoin's price fell by nearly 8% in an hour of frenzied trading, erasing most of its gains since June. The sell-off coincided with news that Elon Musk's SpaceX had written down the value of its bitcoin holdings by $373mn and sold the cryptocurrency. The volatility comes as US regulators crack down on the sector and as expectations of interest rate cuts by the Federal Reserve are reassessed.

What news can we find under Privately held company News Section?

Exploring the Private Sector: Unveiling Privately Held Companies

Ever curious about what's shaking in the world of privately held companies? Unlike their public counterparts, these enterprises aren't required to spill the beans on every little detail. But don't worry – we can still dig up some fascinating stories beyond those Wall Street headlines!

Financial Performance: Let’s talk numbers first! While private firms keep stuff like earnings under wraps, industry analysts will sometimes get sneaky peaky at how they're doing. So when big news breaks—like stellar profits or a cheeky acquisition—you bet that cream-of-the-crop info finds its way into our news feed.

Innovations and Product Launches: Ever wondered where breakthrough products come from? Private businesses often lead the charge without investors breathing down their necks. When they launch something life-changing (or just plain cool), it sends ripples throughout their industries—and that makes for juicy reading, my friend.

Mergers and Acquisitions: Without being tied to stock prices, private companies can play the long game with mergers and acquisitions. Rumors swirl? You'll find speculative pieces written faster than you can say 'takeover.' Confirmed deals? That's front-page material right there!

C-Suite Shake-ups: Executive movements make waves too. A new CEO might mean a fresh direction for a business flying beneath your radar—one worth keeping an eye on.

We shouldn’t forget 'Exclusive Interviews'. Remember, these are companies tight-lipped by nature—but when leaders do open up to press folk... oh boy, is it insightful! They'd spill strategy gems and visions that could define market trends

To wrap things up: See how tantalizing following private company scoops can be? It gives us armchair analysts plenty to speculate upon while enjoying our morning coffee—or evening tea (I won't judge). So stay tuned-in if business landscapes tickle your fancy; there's always more bubbling beneath the surface!

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