John Malone plans to sell control of QVC and HSN to his longtime lieutenant, Greg Maffei, in what appears to also be the latest step by the 80-year old Malone to unwind his business empire. Whether the deal goes ahead is up to Qurate’s board, however, and isn’t certain. Maffei, who is chairman of the QVC-HSN holding company called Qurate Retail, on Tuesday offered $14 a share—$387 million—for...
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Instacart Cuts Staff, Curbs Hiring in Run-up to IPO
Instacart has been letting go of staff, slowing hiring and curbing other expenses as it heads toward a public listing, when the grocery-delivery company will try to convince public investors that it can maintain its growth—and make a profit—as the economy slows. The San Francisco startup over the last two months has fired some of its more than 3,000 workers after holding midyear...
Twitch’s Creators Chief Departs Amid Payout Cutbacks
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Google CEO Addresses Employee Questions about Cost-Cutting
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