One of the world's largest port operators - the emirate DP World - will delist its shares from Nasdaq Dubai, the company said. "DP World’s parent company, Port and Free Zone World, has offered to acquire a 19.55% stake in DP World, traded on Nasdaq Dubai, returning the company to private ownership," a DP World press release said. Each share of DP World will be purchased for $ 16.75, which is...

The world's largest online auction site, eBay, has completed the sale of its StubHub service to the Swiss viagogo ticketing platform for $ 4.05 billion, according to the company’s message. "eBay Inc .... today announced that it has completed the sale of StubHub to viagogo for $ 4.05 billion," the release said. The deal was announced last November. After closing the transaction, eBay expects net...

Following the third fiscal quarter’s results, the net profit of Japanese SoftBank fell by 13 times. It was almost completely destroyed by the losses of the company’s investment fund, which failed with the key projects, Uber and WeWork. Net profit of Japanese SoftBank in the third financial quarter of 2019 amounted to 55.04 billion yen ($ 501 million) against 698.29 billion yen for the same period...

Italy's second largest air carrier, Air Italy, announced start of liquidation; its flights will end on February 25. The company said the two owners of its shares, Qatar Airways and Alisarda, have decided to "hassle-free" liquidation and suspension of flights. "From February 11 to February 25, 2020 inclusive, all Air Italy flights will be operated by other carriers at the appointed time and on...

The English Premier League (EPL) is considering introducing a new scheme for selling media rights. The idea is to phase out contracts with television companies and switch to signal distribution through its own streaming service. According to estimates of the EPL, whose global audience is around 200 million households, the project will allow significantly increasing revenue from the implementation...

Swedish Volvo Cars AB and its parent organization, the Chinese Geely Automobile Holdings, have begun to explore the possibility of combining businesses and creating a global group that will accelerate the financial and technological interaction of the two structures, according to Volvo’s press release. The combined company will have access to the global capital market through Hong Kong. Listing...

China warned France against excluding Huawei Technologies Co. from 5G networks amid the US campaign against the Chinese technology giant, Bloomberg reports. On Sunday, the Chinese Embassy in Paris called on France to establish "transparent criteria and treat all companies equally." They warned that a difference in treatment depending on the country of origin of the company would be seen as...

Uber founder and former CEO Travis Kalanick invested in a Habitas startup that raised $ 20 million to build hotels using 3D printing technology. The company creates hotels for millennials. Travis Kalanick (No. 298 in the ranking of the richest people in the world, with a fortune of $ 5.8 billion) became one of the investors of the Habitas startup. This company plans to expand its network of...

The board of directors of the French company Engie (formerly GdF Suez) decided not to renew the powers of the executive director Isabelle Kocher, expiring in May 2020. According to the company's press service, Engie needs a new leadership to become a leader in the energy and climate sectors. Jean-Pierre Clamadieu, Chairman of the Board of Directors, thanked Ms. Kocher "for her work at Engie over...