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Wall Street Journal

Fidelity halves valuation of Ant Group after Chinese crackdown: WSJ
Markets

Fidelity halves valuation of Ant Group after Chinese crackdown: WSJ

  • That figure compares to an appraised value of $295 billion as at the end of August. Fidelity was among a small group of global investors that bought into Ant three years ago.
  • Ant's initial public offering was canceled in spectacular fashion last November and Chinese regulators later ordered the enterprise to convert into a financial holding company, denting Ant's appeal in the eyes of investors.
Published 03 May, 2021 05:34pm
News Corp buys Houghton Mifflin's consumer arm for $349mn
Business & Finance

News Corp buys Houghton Mifflin's consumer arm for $349mn

  • The unit, HMH Books and Media, will be operated by News Corp's publishing division HarperCollins Publishers, and will give it access to over 7,000 titles including novels from writers like George Orwell, J.R.R. Tolkien and Robert Penn Warren.
  • The Wall Street Journal first reported the deal on Sunday.
Published 29 Mar, 2021 07:18pm
Column slamming Jill Biden's 'Dr' title sparks anger in US
World

Column slamming Jill Biden's 'Dr' title sparks anger in US

  • Northwestern University, where Epstein had taught until 2003, was quick to distance itself from him, saying in a statement that the article "casts unmerited aspersion on Dr Jill Biden's rightful public claiming of her doctoral credentials and expertise."
Published 15 Dec, 2020 10:53am