China’s looking at amending its rules on overseas listings so that companies which use variable interest entities, the legal structure used by companies such as Tencent, Alibaba, Didi Global and Pinduoduo to bypass restrictions on foreign investment, will need to seek approval before selling shares abroad, Bloomberg reported. The potential changes could have a huge impact on what has become...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals. As Musk has...
Twitter Valued at $20 Billion in New Employee Stock Grant
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