Tag: Billion

Exclusive: Temasek, Trustbridge target majority stake in WeWork China at $1 billion valuation – sources

BEIJING/HONG KONG (Reuters) – Temasek Holdings and Trustbridge Partners have held talks with WeWork China over increasing their stake in the China branch of the troubled co-working startup to take majority ownership, three people familiar with the matter told Reuters. FILE PHOTO: People are seen outside the building of Wework’s co-working space during the National…

SNC-Lavalin woes see $5.2 billion stock wipeout, bonds spread widen

SNC-Lavalin Group Inc., the embattled Canadian engineering firm, is hitting investors from both sides now: stocks and bonds. Shares of Montreal-based SNC tumbled another 9 per cent Tuesday after the firm’s largest shareholder, the Caisse de dépôt et placement du Québec, said that SNC must build a culture of execution and take a “major step…

BOX OFFICE: ’Avengers Endgame’ nears global record with over $2 billion

LOS ANGELES — “Avengers: Endgame” continued its global domination at the box office in a second week victory lap that saw the blockbuster cross the $ 2 billion mark in record time and unseat “Titanic” as the second highest-grossing film ever worldwide. Domestically, newcomers, including thrillers (“The Intruder”), well-reviewed comedies (“Long Shot”) or animated family…