Monday , March 27 2017

News

China’s Zhonghong agrees to acquire 21% SeaWorld stake

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  Bloomberg China’s Zhonghong Zhuoye Group Co. agreed to acquire a 21 percent stake in SeaWorld Entertainment Inc. from Blackstone Group LP, becoming the embattled US theme-park operator’s largest shareholder. The Asian leisure and tourism holding company will pay Blackstone $23 a share, or about $448.5 million based on shares ...

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Fitbit moves towards trial in Jawbone ‘trade secrets theft’ controversy

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  Bloomberg Fitbit Inc. is headed toward a trial over claims it stole rival Jawbone Inc.’s trade secrets, after failing to persuade a judge to throw the case out. A California state judge has rejected Fitbit’s argument that the lawsuit is merely an attempt to rehash claims that were already ...

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