April 27, 2021

takeover

Kevin Durant’s business world takeover has Oscar-nomination

Kevin Durant is hoping for a successful return to the court Sunday, when the Nets host the Suns. But this week has shown Durant, who has been upgraded to probable with a thigh injury, is becoming just as successful off the court.

For a two-time NBA Finals MVP, that’s saying a lot. But Durant doesn’t just have a shooting touch. He apparently has the Midas touch, as well.

When America’s biggest bitcoin brokerage — Coinbase — went public on April 14, Durant made back his initial investment more than 50-fold.

Durant owns a part of the MLS’ Philadelphia Union, who

Read More

Greenberg’s Chubb makes $23bn takeover approach to insurance rival Hartford

Chubb, the largest US non-life insurer by market capitalisation, has approached rival Hartford Financial Services Group with an unsolicited $23.2bn takeover offer, in what could be the first mega-deal in an industry battered by losses stemming from the coronavirus pandemic.

The company led by Evan Greenberg said it had offered $65 per share to buy Hartford, a 13 per cent premium on the Connecticut-based group’s closing share price on Wednesday before news of a potential approach emerged on Thursday. The offer was mostly cash and some stock, said Chubb, without providing exact details.

Hartford said its board of directors was

Read More