Roku Nears Deal to Buy Rights to Quibi's Content 

Quibi is in advanced talks to sell its content catalog to Roku, as the short-form streaming service winds down its operations following an unsuccessful run.

Icahn Sells More Than Half of His Herbalife Stake 

Carl Icahn is also relinquishing his seats on the nutritional-supplements company's board, taking a step back from a longtime investment.

MGM Seeks to Buy Ladbrokes Owner Entain 

The offer, which would have a substantial stock component, comes after an earlier, roughly $10 billion all-cash overture was rebuffed.

China's Telecom Majors Yet to Hear From NYSE About Delisting Decisions 

China's three telecom majors said that they hadn't received notification from the New York Stock Exchange about the bourse's decision to delist their securities.

Fiat Chrysler's Chairman Nears Crowning Achievement With PSA Merger 

A descendant of Fiat's founding family, John Elkann, is seeking to create the world's third-largest car maker by closing the industry's biggest deal in decades.

Elon Musk Steers Tesla to Record Deliveries 

The company supplied 499,550 vehicles last year as sales soared despite a drop in global demand for new cars during the pandemic.

Turo CEO Says Car-Renting App Plans to Go Public in 2021 

Platform turned its first profitable quarter and increased revenue 7% during the coronavirus pandemic.

NYSE to Delist China's Major Telecom Operators 

The New York Stock Exchange move comes after a government order barring Americans from investing in companies the U.S. says help the Chinese military.

BlackRock Scales Back Private-Equity Fund Ambitions 

After struggling to meet a $12 billion fundraising goal, BlackRock staffers have set sights on growing the private-equity fund to $4 billion to $6 billion in assets over time.

Tribune Publishing to Review Alden's Buyout Offer 

The newspaper owner has appointed a special committee to review the offer from Alden Global Capital, which already holds 32% of Tribune's shares.


(END) Dow Jones Newswires

January 03, 2021 23:15 ET (04:15 GMT)

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