Sam Altman sells minority stake in OpenAI held by Sequoia Capital
The revelation comes against the backdrop of OpenAI's shift to a limited-profit model and the challenges it faces.
OUE Healthcare subsidiary acquires majority stake in Rehab Matters
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Amazon sells 4% stake in Indian retail chain for $33 million
Amazon originally acquired a stake in Shoppers Stop in 2017 for $21.5 million.
Dubai-based real estate tech startup Stake considers setting up headquarters in Saudi Arabia
The company officially launched operations in Saudi Arabia on December 9.
Indian billionaire brothers to acquire 40% stake in Coca-Cola India bottler
Bottles of Coca-Cola are displayed in grocery stores. Getty Images Jubilant Bhartia Group, controlled by billionaire brothers Shyam and Hari Bhartia, has agreed to buy a 40% stake in Coca-Cola India bottler,
Boost to fight bad loans as potential stake sale looms
The fintech business of a Malaysian telecommunications giant reported $5.9 million in bad loans and is suing to recover about $2.3 million.
Dubai-based real estate technology startup Stake enters Saudi Arabia market
Stake’s first investment in Saudi Arabia involves a commercial real estate fund in North Riyadh.
Paytm parent company shares soar after PayPay sells stake to SoftBank
On Monday, the rupee hit a record high of 1,007 rupees ($11.87).
Paytm parent company to sell $250 million stake in PayPay to SoftBank
Through the expected stake sale, Paytm's cash reserves may increase from more than $1.1 billion to about $1.4 billion.
Vodafone to sell stake in Indian telco worth $335 million
Vodafone had previously sold an 18% stake in Indus Towers for $1.8 billion in June.
Dai's Security Bank acquires Mitsubishi UFJ Financial Group's stake in Home Credit Philippines Bank
Philippine banks are relying on higher-margin consumer loans as yields on commercial loans tighten. Getty Security Bank, a Manila-based bank controlled by tycoon Frederick Dy and his family, will acquire a 25%