Connect with us

Business

$8.9b bid to takeover Crown Resorts gets approved

Published

on

Australia’s Federal Court has officially approved the $8.9 billion takeover bid of Crown Resorts

Australia’s Federal Court has approved US company Blackstone‘s $8.9 billion offer to take over Crown Resorts.

The acquisition is set to give James Packer a $3.36 billion pay day for his 37 per cent share. 

Packer has been involved with the troubled casino business since 1999.

This court decision is the final hurdle in the approval process.

It means Crown will become a private company and no longer be listed on the Australian Stock Exchange. 

Crown has been plagued by scandals including inquiries detailing money laundering and links to criminal gangs.

Katerina Kostakos contributed to this report.

Continue Reading

Business

Disney’s Drama

Published

on

What’s going on at Disney and why is the world’s largest entertainment company in trouble?

 
Dreams are a wish your heart makes, or at Disney, dreams are having a tough time of coming true.

After decades of turning children’s dreams into fantasies, the mouse-house is facing a crisis of leadership.

This Ticker Original looks at how the Walt Disney Company got here, and what happens next. #disney #bob iger

Continue Reading

Business

The Tech Market Crash

Published

on

Since the Global Financial Crisis, tech companies have been riding high and making billions, so what happened?

 
It’s been a shocking year for tech companies. Riding high off the back of the pandemic, reality suddenly hit.

Across Silicon Valley, and spreading to Wall Street, the once darlings of the Nasdaq were suddenly hit hard.

So what happened, and where to from here?

This Ticker Original investigates. #snapchat #apple #tech stocks #nasdaq

Continue Reading

Business

Shell delivers record 2022 profit

Published

on

Petrol company Shell has delivered a record $40 billion profit in 2022

It comes on the back of surging energy prices, and the war in Ukraine.

The company also reported a fourth-quarter profit of almost $10 billion, beating estimates.

The $40 billon in annual profit soared past the previous record of $31 billion in 2008.

Continue Reading
Live Watch Ticker News Live
Advertisement

Trending Now

Copyright © 2023 The Ticker Company PTY LTD