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  • Asian markets start Monday lower with U.S. mired in three-week losing streak
    MarketWatch

    Asian markets start Monday lower with U.S. mired in three-week losing streak

    Asian stock markets were mostly lower Monday after Wall Street declined for a third week and Britain reported a rise in coronavirus infections.

  • KPS Capital Partners Agrees To Acquire Substantially All Of The Assets Of Garrett Motion Inc.
    PR Newswire

    KPS Capital Partners Agrees To Acquire Substantially All Of The Assets Of Garrett Motion Inc.

    KPS Capital Partners, LP ("KPS") announced today that, through a newly formed affiliate, it has entered into a stock and asset purchase agreement with Garrett Motion Inc. (NYSE: GTX) ("Garrett" or the "Company"), under which KPS will acquire substantially all of the assets of Garrett for approximately $2.1 billion.

  • TikTok fact-checks: US IPO, Chinese ownership, $5B in taxes
    TechCrunch

    TikTok fact-checks: US IPO, Chinese ownership, $5B in taxes

    There is no shortage of speculations and reports around TikTok's future in the U.S. Amid a swirl of rumors, TikTok's Chinese parent ByteDance issued a statement (in Chinese) on Monday morning, bringing clarity to its ongoing deal that has captured global attention over the past few weeks. China's ByteDance confirms it will retain an 80% stake in TikTok after selling a total of 20% to Oracle, its "trusted technology partner," and Walmart, its "commercial partner." Sitting on TikTok's board are ByteDance's current members, all non-Chinese except ByteDance founder Zhang Yiming.

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