Walmart in talks to sell stake in Asda
February 27, 2020
Walmart has begun conversations with a “small number of interested parties” about taking a majority stake in Asda. The retailer, which saw its bid to merge Asda with Sainsbury’s blocked by UK regulators last year, is likely to retain a stake in the chain should it be successful in finding an investor.
Recent News
TikTok Suspends TikTok Lite Rewards Program in the EU
A TikTok service offering rewards such as gift vouchers for watching videos has been suspended by the social media site.
FCC Votes To Restore Net Neutrality Rules
The Federal Communications Commission (FCC) voted 3-2 on Thursday to reinstate net neutrality rules that were rolled back during the Trump administration.
Blackstone To Buy Tropical Smoothie Cafe
Alternative asset manager Blackstone is set to buy the restaurant chain Tropical Smoothie Cafe.
Ford’s Total EV Sales Post $1.3 Billion Loss in Q1
Ford’s EV division, known as Model e, faced a tough start to 2024.