(Bloomberg) — Two months ago, global investors including Warburg Pincus, Carlyle, Temasek and GIC were on the cusp of a massive windfall from what would have been the world’s largest initial public offering. Now, returns on the hundreds of millions of dollars they invested with Ant Group Co. are in […]
Windfall
Ant Turning From Windfall to Nightmare for Its Global Investors
(Bloomberg) — Two months ago, global investors were on the cusp of embracing a windfall from what would have been the world’s largest initial public offering. Now, returns on the hundreds of millions of dollars invested with Ant Group Co. are in jeopardy. China ordered Ant to reexamine its fintech […]
With A Potential Disney+ Windfall, Will Studio Still Need Movie Theaters?
Right now Universal and AMC are looking like saints in the exhibition business after taking a kicking in the teeth by rival circuits for their controversial deal last week to crunch the theatrical window to 17 days with an option for PVOD thereafter. Disney’s announcement after the market closed to […]