• Nissan Is Selling Its Daimler Stake for $1.4 Billion USD

    1 month ago - By Hypebeast

    Japanese auto company Nissan has announced that it is selling its entire 1.54 percent stake in German auto giant Daimler. The move comes shortly after French partner Renault did the same. The two companies exchanged stakes with Daimler over a decade ago to strengthen their industrial partnership and now, both have deemed the cross-shareholding no longer necessary. According to Japan Times , Nissan's divestment was largely due to its mission to "further strengthen and enhance its business competitiveness, including investments to promote electrification." Daimler responded by stating that...
    Read more ...

     

  • Drake-Backed Toronto Brokerage Company Hits $4 Billion USD Valuation After Latest Funding Round

    Drake-Backed Toronto Brokerage Company Hits $4 Billion USD Valuation After Latest Funding Round

    1 month ago - By Hypebeast

    Toronto -based online brokerage company Wealthsimple has recently raised $610 million USD in fundraising, bringing a final valuation of up to $4 billion USD. The Drake -backed company plans to use the funding to expand its market share in the growing online brokerage market. Drake is not the only Canadian celebrity that has invested in Wealthsimple. Big names such as Ryan Reynolds , Michael J. Fox and Kelly Olynyk have also invested in the company over the years. Recently, due to the rising interest from Canadians in the stock market, the company has seen a surge in valuations due to...
    Read more ...