A consortium led by Alibaba Group is the frontrunner to take over struggling Chinese semiconductor giant Tsinghua Unigroup in a deal likely worth more than 50 billion yuan ($7.8 billion), Bloomberg reported. The Alibaba-led consortium includes funds backed by the local government of Zhejiang province, where the Chinese e-commerce company is headquartered, Bloomberg said. The transaction could...
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Pinterest’s Tardy CEO Shakeup
What timing! No one could say they were surprised that Ben Silbermann is stepping down as CEO of Pinterest—that’s something we’ve expected for a while. After all, while he and his co-founder, Evan Sharp, built the business into a public company worth $13 billion—even after the stock plunge of recent months—Silbermann lately has been grappling with falling user numbers in the U.S. No, what is...
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