BUSINESS ACQUISITIONS

Giovanni Ferrero, the man behind Nutella and Ferrero Rocher, has been on a shopping spree. Over the past decade, he's snapped up 21 companies across nine countries, turning his family's Italian candy business into a global food giant. The latest addition to his empire? WK Kellogg, the company behind Froot Loops and Corn Flakes, bought for a cool $3. 1 billion. Ferre...

Elon Musk, the world's wealthiest person, has clarified that he isn't interested in buying TikTok. He prefers starting companies from scratch rather than acquiring existing ones. This news comes as a relief to another potential buyer, Jimmy Donaldson, also known as MrBeast. Musk has a good relationship with China, having praised the country and operating a Tesla fac...