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Elliott affiliate wins Citgo share auction with $7 billion conditional offer
A conditional offer for shares in Citgo Petroleum's parent by financial firm Elliott Investment Management was accepted by a U.S. court officer overseeing an auction that could decide the future control of the Venezuela-owned oil refiner,
Elliott Affiliate Wins Citgo Auction With $7.3 Billion Bid
An Elliott Investment Management affiliate won an auction for Citgo Petroleum Corp.’s parent company with a bid for $7.3 billion, clearing a key hurdle in the fund’s push to acquire an oil refiner that was once Venezuela’s largest foreign asset.
Elliott-Led Group Named As Winner of Auction to Acquire Venezuela’s Citgo Petroleum
Elliott and other U.S. investors have agreed to pay nearly $7.3 billion to acquire Citgo’s parent company, with proceeds set to help compensate creditors of the bankrupt Venezuelan government.
Elliott wins Citgo share auction with $7 billion conditional offer
Activist investor Elliott Investment Management on Friday was named the presumptive winner in a U.S. court auction of shares in a parent of oil refiner Citgo Petroleum with a bid that puts an up to $7.
1d
on MSN
Google's reported $2.7 billion deal to bring back a former employee is proof AI geniuses are the new 'star quarterbacks'
Google reportedly paid an eye-popping amount to rehire AI scientist Noam Shazeer. It's the latest example of the hiring ...
10h
OpenAI sees $5 billion loss in 2024 and soaring sales as big ChapGPT fee hikes planned, report says
According to documents seen by the New York Times, OpenAI expects revenue of $3.7 billion in 2024, $11.6 billion in 2025, and ...
2d
Google has its AI veteran back, and it only cost $2.7 billion
Google paid $2.7 billion to gain one of its former AI minds back. This employee left the company back in 2021.
2d
Mark Cuban is worth $5.7 billion. Here's how the 'Shark Tank' investor makes and spends his fortune.
Mark Cuban built his net worth through a variety of business deals and has spent millions on luxury items.
3d
on MSN
The IMF approves a $7 billion loan for Pakistan, which will get $1 billion immediately
Pakistani officials say the executive board of the International Fund has approved a new $7 billion loan for the country ...
3d
Google Paid $2.7 Billion to Bring Back an AI Genius Who Quit in Frustration
Amid debate on whether tech companies are overspending on AI, Google’s pricey reunion with Noam Shazeer draws attention.
2d
Ukraine war latest: US announces new military aid package worth almost $8 billion for Ukraine
U.S. President Joe Biden announced a military aid package for Ukraine worth $7.9 billion on Sept. 26. "I am grateful to U.S.
10d
on MSN
Google wins challenge against $1.7 billion EU competition fine
Google won a legal challenge Wednesday against a €1.49 billion ($1.66 billion) antitrust fine from the European Union, while ...
5d
Springer Nature Targets €4.7 Billion Valuation in Frankfurt IPO
Springer Nature, the private equity-backed academic publisher, is aiming for a valuation as high as €4.7 billion ($5.2 ...
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