Tegna Board Nominee Withdraws, Citing CEO's 'Cultural Insensitivity' 
 

A candidate for broadcaster Tegna's board of directors has withdrawn his nomination, citing potential conflicts of interest and an incident that he says demonstrated cultural insensitivity by the company's chief executive.

 
Zoom CEO Transfers $6 Billion of His Shares 
 

Eric Yuan transferred roughly 40% of his ownership in the company he runs, a stake valued at about $6 billion, after Zoom's shares more than tripled last year.

 
U.S. Companies in China Say Political Tensions Remain Top Concern 
 

The pessimism comes despite 50% of respondents predicting the tone of the U.S.-China relationship would likely improve this year following the change in leadership in Washington.

 
Apax Partners Seeks $1.5 Billion for Second Midmarket Digital Fund 
 

Buyout firm Apax Partners is pitching its second digital fund focused on midmarket technology companies just weeks after collecting $11 billion for its latest main investment pool.

 
Apollo Reabsorbs Athene in Deal Valuing Firm at $11 Billion 
 

Private-equity giant Apollo announced the acquisition of the portion of Athene Holding it doesn't already own in an all-stock transaction that values the insurance-and-retirement services firm at around $11 billion.

 
KKR Invests in Paige.AI Through a $125 Million Financing Round 
 

Aside from KKR & Co., the Paige.AI financing round also included investors Casdin Capital, Catalio Capital Management and Johnson & Johnson's strategic venture-capital arm.

 
American Airlines to Use Frequent-Flier Program to Raise $7.5 Billion 
 

The carrier will use the funds to replace a loan from the federal government.

 
Christian Louboutin Sells 24% Stake to Italy's Agnelli Family 
 

The stake values the luxury footwear brand, known for its red soles, at $2.73 billion.

 
Meghan Markle and Prince Harry's Oprah Interview Drew About 17.1 Million Viewers 
 

The conversation that aired Sunday on CBS was one of the most-watched events of the TV season, but its audience was still a far cry from the Super Bowl's.

 
Greensill Files for Insolvency, Leaving Pain for Investors 
 

SoftBank-backed Greensill Capital filed for insolvency protection, days after regulators took over its banking unit and Credit Suisse froze key investment funds.

 
 

(END) Dow Jones Newswires

March 09, 2021 01:15 ET (06:15 GMT)

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