Everything you should know about economics, music and sports!
Mark Cuban to sell majority stake in Mavericks and Champions League results
Mark Cuban sells majority stake of Dallas Mavericks of the franchise to Miriam Adelson and her family for around $3.5 billion. The team is now worth about $4.5 billion according to Forbes. For that the family sold $2 billion worth of stock in the company, this is approximately 10% of her stake. Mark Cuban will keep the rest of the shares though and has still full control over the basketball operations. The deal is expected to be confirmed and done by the end of the year. mark Coban bought the shares for the basketball club back in 2000. They were worth $285 million at this point. He could more than 11x this price while still holding some shares and having the control over operations.
Volkswagen experiences big problems all around the company, especially with profitability and what to do next. To face these issues the board of directors planned to lay off some employees….
Many people thought that since the interest rate in Germany and Europe is high, the fees for bank accounts might be low. As it turns out, they are very wrong….
Intel is facing significant challenges due to delays in advancing its manufacturing processes and increasing competition from AMD, NVIDIA, and TSMC. The company’s internal leadership issues have also contributed to its struggles, leading to financial losses and reduced market share. To address these issues, Intel is investing in advanced manufacturing, strategic partnerships, and organizational changes.
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