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(Reuters) -The European Union is probing whether China provided unfair subsidies for a BYD electric car plant in Hungary, the Financial Times reported on Thursday, citing people familiar with the matter. The European Commission is in the preliminary stages of a foreign subsidy probe into the BYD plant, and if Brussels finds that the Chinese …

EU investigates BYD’s Hungary plant for potential unfair Chinese subsidies, FT reports Read More »

By Krystal Hu (Reuters) -The venture capital firms that invested in cybersecurity firm Wiz, which agreed to a $32 billion buyout by Google’s parent Alphabet, stand to reap returns as high as 200 times for seed investors, among them Sequoia Capital, Cyberstarts and Index Ventures.  The $32 billion all-cash Wiz deal on Tuesday marked a …

Alphabet’s $32 billion Wiz deal promises windfall for VC backers Read More »

By Foo Yun Chee BRUSSELS (Reuters) – French engine and aircraft equipment maker Safran has offered the sale of a business in North America which it agreed in December, as a remedy to address EU concerns about its $1.8 billion bid for Collins Aerospace’s flight controls business, a person with direct knowledge of the matter …

Safran offers sale of North American unit to win EU okay on Collins deal, source says Read More »

(Reuters) – Sports technology company Sportradar Group has entered into a definitive agreement to acquire IMG Arena and its portfolio of global sports betting rights from Endeavor Group Holdings, Inc, Sportradar said on Wednesday. Sportradar said the deal would enhance its content and product offering and strengthen its position as a leading content provider in …

Sportradar to acquire IMG Arena and its global sports betting rights portfolio Read More »