Big Moves in Business: Tech, Sports, and More

In the world of business, things are always changing. Let's take a look at some recent developments. First up, Naver Corp. is making a big move. They're buying Dunamu Inc. , the company behind South Korea's popular crypto exchange, Upbit. This deal is all about stocks, and it means Naver will have a big say in how things run. Despite the recent drop in crypto values, Naver is pushing forward with plans to create a stablecoin based on the South Korean won. Dunamu's revenue has been growing, but almost all of it comes from trading activity on platforms like Upbit. Grindr, the dating app, is also seeing some action. Its stock price has been going up after the controlling shareholder said they might buy more shares. Earlier, there was a plan to take the company private, but that fell through. Now, analysts are saying the stock could be worth a lot more than the original offer. In the world of sports, something interesting is happening in Mexico. A U. S. private-equity firm is investing $100 million over seven years in the country's pro-American football league. This deal was made possible by some well-known sports figures. The firm will now run the league and help it grow. On the downside, Rogue Ales & Spirits is in trouble. They suddenly closed four pubs and filed for bankruptcy. They owe a lot of money and can't pay their bills. This is part of a bigger trend where many chains are struggling after the pandemic. In other news, Saudi Aramco is looking to sell part of its business. They've chosen Citigroup to help with this. It's a big deal, and many infrastructure funds are interested. Electricite de France is also selling part of its business. They're looking to sell between 50% and 100% of their U. S. renewable unit. The new CEO has big plans for the company. Cohen & Gresser, a law firm, is trying to sell a stake worth $40 million. HealthVerity, a health data analytics company, is also exploring its options, which might include a sale. FNZ Group Ltd. , a digital wealth management platform, is thinking about selling its German custody banking arm. They bought this unit a few years ago, and it's now worth a lot more. SoftBank Group has completed a big deal. They've bought a U. S. chip startup for $6. 5 billion. This is part of their push into AI hardware. They already own other companies in this field. Sinclair is trying to buy the rest of E. W. Scripps. They already own some of it, and now they want the rest. This deal is worth about $553 million. S&P Global has wrapped up a $1. 8 billion transaction. They bought a company that provides data and analytics for private markets.