M&A Fallouts: Billion-Dollar Buys Sold for 30% of Original Price
Several major tech companies that invested heavily in acquisitions are now selling off underperforming assets at significantly lower prices. Alibaba Group, known for its aggressive acquisition strategy, is one such company. It has announced plans to sell Chinese department-store chain Intime to a local apparel group for $1 billion, marking a 30% decrease from the … Read more