Investing.com -- Bank of America analysts believe there is “a big opportunity” for Reddit Inc (NYSE:RDDT) ahead, highlighting positive takeaways from their recent meetings with the social media company’s management and Bay Area investors.The analysts noted that the rollout of Reddit’s new search format, Answers, was a key area of investor focus, alongside questions about the sales organi ...
(Reuters) - Saudi Aramco (TADAWUL:2222) is in the early stages of considering a potential bid for BP (NYSE:BP)’s lubricant business Castrol, according to a person with knowledge of the matter.BP has been exploring all options around its Castrol business, including a possible sale, as part of a strategic review.The business would be expected to be worth around $6 billion to $8 billion, Ashley K ...
By Joanna Plucinska and Andres GonzalezLONDON (Reuters) - Europe’s major airlines are targeting smaller deals and tie-ups after facing regulatory push-back against full mergers, focusing on minority stakes to strengthen their position against rivals. Reuters spoke with two airline executives and others with knowledge of ongoing deals, who said they were pivoting towards smaller stakes to cut exp ...
(Reuters) -Defense technology startup Epirus has raised $250 million in a Series D funding round, as it looks to scale up production of its anti-drone weapons, the company said on Wednesday. Epirus did not disclose its valuation for this round. The company was previously valued at $1.35 billion when it raised $200 million in Series C funding. The cash infusion comes at a time when defense contract ...