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Triller says made $20 billion bid with Centricus for TikTok assets

Triller Inc executive chairman Bobby Sarnevesht said on Friday that the short-video app had made a $20 billion offer with investment firm Centricus Asset Management Ltd for the assets of

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Operator of Trump International Hotel in Vancouver files for bankruptcy

The company that operates the Trump International Hotel in Vancouver said on Friday it has filed for bankruptcy, blaming the coronavirus pandemic for lost revenue and financial hardship. TA Hotel

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Activist lawyer Wolosky sues Williams Cos over poison pill

Lawyer Steve Wolosky usually helps activist investors like Starboard Value take on corporate America. Now he is taking center stage himself, wading into a governance fight over a tool that

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Tech powers S&P 500 to record closing high, Dow now positive for the year

Wall Street advanced on Friday, with technology stocks driving the S&P 500 to its sixth record closing high since confirming a bull market on Aug. 18. The Nasdaq also set

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Walmart ad revenue could quickly jump if TikTok bid succeeds

Walmart Inc (WMT.N) could turn into an online advertising leader if its plan to acquire popular short-form video app TikTok goes through, analysts said on Friday. The proposed purchase, in

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Peter Thiel-backed Compass Pathways files for U.S. IPO

Peter Thiel-backed Compass Pathways Plc on Friday filed for an initial public offering (IPO), adding to a flurry of filings from tech companies during a week that has already seen

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Stocks rally on consumer data, yen surges as Japan’s Abe quits

Global equity markets rose to a new high on Friday as U.S. consumer spending in July suggested a strong economic rebound lies ahead, while the Japanese yen surged on safe-haven

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