Deals
Dalian Wanda Seals Its $1 Billion Deal To Buy Dick Clark Productions
For the consideration of $1 billion, the Dalian Wanda Group has finalized a deal for the purchase of Dick Clark Productions.
Alibaba Is Ready For A $1.48B Digital Media, Entertainment Investment Fund
Alibaba is investing $1.48B for its Digital Media and Entertainment. Likewise, it has been entering some investment deals like the one with Youtube.
Facebook Scores Really Big In Q3 Earnings
Facebook racked up $2.379 billion in profit, up an impressive 16% versus the $2.05 billion it raked in last quarter, and up a stellar 160% year over year. Expenditures were up slightly to $1.1 billion. Facebook is sitting on $26.14 billion in cash, equivalents, and securities now, just in case it wants to buy another WhatsApp.
Goodyear Profits $500M From Chinese Investments
Goodyear Tire & Rubber Co. from Akron, Ohio has laid foundation for a half-a-billion-dollar plant expansion in Pulandian Chinese district, located at a major port on the Yellow Sea near the border with North Korea.