Jay Y. Lee, the heir to the Korean electronics conglomerate Samsung, was sent back to jail for 30 months after getting convicted again after a retrial on bribery charges, the latest blow to the world’s largest smartphone maker. Lee had already been sentenced to jail in 2017 for his role in a corruption scandal that took down the country’s president at the time. But he was released early after...
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Logistics Startup Next Trucking Tries to Sell Itself
Sequoia Capital–backed logistics startup Next Trucking, facing a slowdown in the trucking sector, is trying to sell itself, according to people familiar with the matter and a pitch deck reviewed by The Information. Next has enlisted the help of BG Strategic Advisors, a Florida-based boutique investment bank specializing in transportation and logistics mergers and acquisitions, according...
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