Divestment

President Donald Trump is expected to grant another extension on the TikTok divestment deadline, as ByteDance, the Chinese tech giant behind the app, strengthens its financial footing with soaring revenue and a $330 billion valuation. Fourth Deadline Extension Expected The Trump administration will...

Editor’s Note: The article has been updated with a response from Trian Partners. Activist investor Nelson Peltz has divested his entire stake in Disney (NYSE:DIS) at approximately $120 each, netting around $1 billion. What Happened: The sale follows a recent proxy battle loss for Peltz’...

XPO Logistics Inc (NYSE: XPO) said on Tuesday it plans to split its key North American business units into two publicly traded units and aims to divest its European business and North American intermodal operation, a move that it says will unlock value for investors. What Happened: ...