U.S. buyout fund Lone Star has struck a $1.9-billion deal for hotel chain Unizo Holdings Co Ltd, the Japanese firm said on Friday, ending a nine-month bidding war among global investors such as Blackstone Group (BX) and Fortress Investment Group.
Japanese hotel chain Unizo
Holdings Co Ltd said on Friday U.S. buyout fund Lone Star had succeeded in buying out the company. U.S. investment fund Lone Star, together with a group of Unizo employees, secured 86.6% of Unizo's outstanding shares in an open bid that started in December, the hotel chain said in a statement.
Airbnb lowered its internal valuation by 16% to $26 billion, as the U.S. home rental firm grapples with a slowdown in bookings due to the global spread of the coronavirus pandemic, a source familiar with the matter told Reuters on Thursday. Airbnb was valued at $31 billion in its most recent private fund-raising round, the source said.
- Airbnb lowered its internal valuation by 16% to $26 billion, as the U.S. home rental firm grapples with a slowdown in bookings due to the global spread of the coronavirus pandemic, a source familiar with the matter told Reuters on Thursday.
- Airbnb lowered its internal valuation by 16% to $26 billion, as the U.S. home rental firm grapples with a slowdown in bookings due to the global spread of the coronavirus pandemic, a source familiar with the matter told Reuters on Thursday.
Airbnb lowered its internal valuation by 16% to $26 billion, as the home rental firm deals with a sharp drop in bookings due to the global spread of the coronavirus pandemic, the Financial Times reported on Thursday.
Major U.S. retail sector companies on Thursday moved to allay health and safety concerns of staff working at warehouses and stores through the coronavirus pandemic by promising face masks, gloves and sanitizers. Amazon.com Inc (AMZN) said it would roll out temperature checks and face masks for staff at all its U.S. and European warehouses and Whole Foods stores early next week.
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