Big Moves in Business: Tech, Sports, and More

Naver Corp. Acquires Dunamu Inc.

Naver Corp. is making a significant move by acquiring Dunamu Inc., the company behind South Korea's popular crypto exchange, Upbit. This stock-based deal gives Naver substantial control over Dunamu's operations. Despite the recent drop in crypto values, Naver is proceeding with plans to create a stablecoin based on the South Korean won. Dunamu's revenue has been growing, primarily driven by trading activity on platforms like Upbit.

Grindr's Stock Price Surge

Grindr, the popular dating app, is experiencing a surge in its stock price following announcements from its controlling shareholder about potential additional share purchases. Earlier plans to take the company private fell through, but analysts now suggest the stock could be worth significantly more than the original offer.

U.S. Private-Equity Firm Invests in Mexican Football League

In the sports world, a U.S. private-equity firm is investing $100 million over seven years in Mexico's pro-American football league. This deal, facilitated by well-known sports figures, will see the firm take over the league's operations and drive its growth.

Rogue Ales & Spirits Files for Bankruptcy

On the downside, Rogue Ales & Spirits has suddenly closed four pubs and filed for bankruptcy. The company owes a substantial amount and is unable to pay its bills. This closure is part of a broader trend where many chains are struggling post-pandemic.

Saudi Aramco Seeks to Sell Part of Its Business

Saudi Aramco is looking to sell part of its business and has chosen Citigroup to assist with this. The deal is significant, and many infrastructure funds are expressing interest.

Electricite de France Explores Sale of U.S. Renewable Unit

Electricite de France is considering selling between 50% and 100% of its U.S. renewable unit. The new CEO has ambitious plans for the company.

Cohen & Gresser and HealthVerity Explore Sales

Cohen & Gresser, a law firm, is trying to sell a stake worth $40 million. HealthVerity, a health data analytics company, is also exploring its options, which might include a sale.

FNZ Group Ltd. Considers Selling German Custody Banking Arm

FNZ Group Ltd., a digital wealth management platform, is thinking about selling its German custody banking arm. The unit, acquired a few years ago, has significantly increased in value.

SoftBank Group Completes $6.5 Billion Acquisition

SoftBank Group has completed a major deal, acquiring a U.S. chip startup for $6.5 billion. This acquisition is part of their push into AI hardware, complementing their existing portfolio in the field.

Sinclair Eyes Full Acquisition of E.W. Scripps

Sinclair is attempting to buy the remaining shares of E.W. Scripps, a deal valued at approximately $553 million. Sinclair already owns a portion of the company.

S&P Global Finalizes $1.8 Billion Transaction

S&P Global has completed a $1.8 billion transaction, acquiring a company that provides data and analytics for private markets.