Pinterest cut nearly 15% of the company's workforce and reduced office space in January as it pushes more resources into AI.
No-frills airline EasyJet has received a £5.7bn takeover proposal from US firm Apollo Management, surpassing a previous offer from Castlelake. Apollo's offer of £7.15 per share is considered superior to Castlelake's £6.90 per share bid.
EasyJet's stock surged over 13% Friday following a $7.7 billion takeover bid from Apollo Global Management. The cash offer values the budget carrier at £5.7 billion ($7.66 billion), with an alternative option for shareholders to retain voting rights.
No-frills airline EasyJet has accepted a £5.7bn takeover proposal from US firm Apollo Management, surpassing a previous offer from Castlelake. Shareholders would receive £7.15 per share under the Apollo proposal.
SK Hynix's Nasdaq debut via ADRs aims to reduce its 'Korea discount,' a valuation gap attributed to corporate governance concerns. Despite leadership in the HBM market, its stock trades at a lower P/E ratio than rivals like Micron, though analysts expect the discount to narrow, not disappear.
SK Hynix's Nasdaq debut via ADRs aims to reduce its "Korea discount," a valuation gap attributed to corporate governance concerns. Despite leadership in the HBM market, its P/E ratio is significantly lower than rivals like Micron, a gap experts believe the listing could narrow by improving investor access and familiarity.
South Korean chipmaker SK Hynix has achieved the largest ever foreign listing in the US, raising $26.5bn by selling 177.9 million shares on the Nasdaq. The offering highlights strong investor appetite for AI-related companies.
