Michaels to Go Private in Apollo Deal 

Private-equity firm Apollo Global Management is buying arts and crafts retailer Michaels in a deal the companies value at $5 billion.

Move Over, GameStop. Rocket Is Becoming the New Meme Stock. 

The parent company of Quicken Loans surged 71% Tuesday, as investors on Reddit's WallStreetBets tout the heavily shorted stock.

Google to Stop Selling Ads Based on Web Browsing 

The Alphabet company said that it plans next year to stop using or investing in tracking technologies that uniquely identify web users as they move from site to site across the internet.

Sands to Sell Las Vegas Properties for $6.25 Billion as It Focuses on Asia 

The company's exit from the U.S. gambling destination comes as the Covid-19 pandemic has roiled the casino industry.

Greensill Capital Planning to File for Insolvency in U.K. This Week 

The embattled financial startup plans to file for insolvency as it simultaneously moved toward a deal to sell its operating business to Apollo Global Management.

Jeep Maker Stellantis Needs Some Tech Star Dust 

The company formed from the merger of Fiat Chrysler and Peugeot-owner PSA has a strong industrial story to tell investors but a weak technological one.

China's Tencent Becomes an Investment Powerhouse, Using Deals to Expand Its Empire 

A tech-market boom has yielded huge gains for Tencent, which has invested in hundreds of up-and-coming businesses and is now sitting on a portfolio worth roughly a quarter of a trillion dollars.

Sports Streamer DAZN Taps Disney Veteran Kevin Mayer as Chairman 

Mr. Mayer, known for building the Disney+ streaming service from the ground up, aims to guide DAZN's expansion in European and Asian markets.

Commercial Property Giant Moves Into Rental Houses 

Jones Lang LaSalle struck a pact with Roofstock, which manages rental properties for big investors and operates an online marketplace

iCapital Takes Over Management of KKR Mutual Fund 

KKR took a stake in iCapital Network's fintech platform aimed at individual investors.


(END) Dow Jones Newswires

March 03, 2021 11:15 ET (16:15 GMT)

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