Saudi Arabian Investors To Acquire Stake In SNK

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In 2015, Osaka-based game company SNK was acquired by Chinese investors. Now, it seems, the company has new investors.

Eikichi Kawasaki originally founded the company in 1978 as Shin Nihon Kikaku. Famous for its hardware and fighting games, the company became a giant in the Japanese gaming industry. At Esaka Station in Osaka, where the SNK headquarters used to be, there were signs in its heyday announcing that the location was the home of SNK.

However, in 2000, the company was acquired by a pachinko company and then found its iconic characters farmed out to pachinko machines. By 2015, a Chinese joint venture had acquired SNK, hoping to turn the company into a multimedia juggernaut. The acquisition made sense as

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Warren Buffett’s Berkshire Hathaway sold its Costco stake last quarter. Here are 3 reasons why that’s extremely surprising



Warren Buffett, Charlie Munger are posing for a picture: Warren Buffett and Charlie Munger REUTERS/Rick Wilking


© REUTERS/Rick Wilking
Warren Buffett and Charlie Munger REUTERS/Rick Wilking

  • Warren Buffett’s Berkshire Hathaway sold its Costco position after investing more than 20 years ago, a filing revealed this week.
  • The billionaire investor’s company grew its stake in the big-box retailer from 355,000 shares worth $32 million in 1999, to 4.3 million shares worth $1.3 billion in June of this year.
  • The sale is a shock because Buffett famously invests for the long term, two of Berkshire’s directors sit on Costco’s board, and both Buffett and his business partner, Charlie Munger, have repeatedly praised the retailer.
  • “If once or twice in a lifetime you’re associated with such a business, you’re a very lucky person,” Munger said about Costco in 2011.
  • Visit Business Insider’s homepage for more stories.

Warren Buffett’s Berkshire Hathaway revealed this week that it dumped its stake in Costco last quarter, exiting an investment it made more than

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Vodafone Idea Sells Indus Towers Stake for $506 Million

(Bloomberg) — Vodafone Idea Ltd., the debt-strapped Indian wireless carrier, sold its stake in a telecommunications tower firm for 37.6 billion rupees ($506 million), as part of efforts to shore up its strained finances.



a sign on the side of a building: Advertisements for Vodafone India Ltd. on a street in Mumbai, India.


© Bloomberg
Advertisements for Vodafone India Ltd. on a street in Mumbai, India.

The local arm of Vodafone Group Plc disposed of the 11.15% holdings in Indus Towers Ltd. to existing shareholders, the company said in a filing late Thursday. After the transaction, Bharti Infratel Ltd. will own 36.7% of Indus Towers, British operator Vodafone 28.1%, with the rest held by investors including KKR & Co. and Canada Pension Plan Investment Board.

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However, Vodafone Idea won’t receive all that cash. It owes the tower operator 24 billion rupees, which will be deducted from the total consideration, according to the statement.

The local venture of Vodafone, formed by the merger of its Indian operations and

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George Soros buys a stake in big data firm Palantir

By Paul R. La Monica | CNN Business

Two heavy hitters of the investment world recently bought stakes in Palantir, the secretive and controversial big data firm backed by Peter Thiel that began trading on Wall Street in September.

Soros Fund Management, run by billionaire investor and philanthropist George Soros, and Third Point, the firm led by occasional activist investor Dan Loeb, both disclosed late Friday that they own shares of Palantir.

Soros Fund Management acquired 18.5 million shares of Palantir while Third Point took a more modest position of 2.4 million shares.

The Soros investment was worth about $175.3 million, according to a filing with the Securities and Exchange Commission. That works out to a purchase price of $9.50 a share. Palantir’s stock is currently trading at just under $16 a share, so the Soros stake is now valued at about $294 million.

Palantir went public through a direct

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George Soros buys stake in big data giant Palantir

Two heavy hitters of the investment world recently bought stakes in Palantir, the secretive and controversial big data firm backed by Peter Thiel that began trading on Wall Street in September.



George Soros wearing a suit and tie: Hungarian-born US investor and philanthropist George Soros delivers a speech on the sideline of the World Economic Forum (WEF) annual meeting, on January 23, 2020 in Davos, eastern Switzerland. (Photo by Fabrice Coffrini/AFP/Getty Images)


© Fabrice Coffrini/AFP/Getty Images
Hungarian-born US investor and philanthropist George Soros delivers a speech on the sideline of the World Economic Forum (WEF) annual meeting, on January 23, 2020 in Davos, eastern Switzerland. (Photo by Fabrice Coffrini/AFP/Getty Images)

Soros Fund Management, run by billionaire investor and philanthropist George Soros, and Third Point, the firm led by occasional activist investor Dan Loeb, both disclosed late Friday that they own shares of Palantir.

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Soros Fund Management acquired 18.5 million shares of Palantir while Third Point took a more modest position of 2.4 million shares.

The Soros investment was worth about $175.3 million, according to a filing with the Securities and Exchange Commission. That works out to a purchase price

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Reliance buys majority stake in furniture retailer Urban Ladder

CHENNAI (Reuters) – Reliance Industries Ltd said on Sunday it has bought a 96% stake in online furniture retailer Urban Ladder for 1821.2 million rupees ($24.4 million), furthering its attempt to expand its presence in India’s online retail market.

The Indian conglomerate is expanding its so-called new commerce venture, which ties neighbourhood stores to Reliance for online deliveries of groceries, apparel and electronics in a space currently dominated by Walmart Inc’s Flipkart and Amazon.com Inc’s Indian arm.

“The aforesaid investment will further enable the group’s digital and new commerce initiatives and widen the bouquet of consumer products provided by the group,” Reliance said in a filing to exchanges on Sunday.

Reliance Retail Ventures Limited, a unit of Reliance Industries, has an option of buying the remaining stake, the company said, adding that it intends to invest a further 750 million rupees by December 2023.

Reliance Industries, controlled by Asia’s richest

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