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“Crypto lender BlockFi struggles to raise cash, source says” Crypto lender BlockFi is struggling to raise cash despite offering to take a steep discount on its valuation, raising the risk that it could be forced into a financial restructuring, The Post has learned. The Jersey City, NJ based startup, which last fall raised $400 million…
“#Intel replacing CEO Bob Swan after two years” Intel is replacing its CEO after only two years, but it has been a rough stretch for the chipmaker. Bob Swan, who became the company’s chief executive in early 2019, will be replaced in mid-February by industry veteran Pat Gelsinger. Shares spiked 8 percent on news of…
“#Dan Loeb’s hedge fund urges Intel to explore deal options” Activist hedge fund Third Point is pushing Intel to explore strategic alternatives, including whether it should remain an integrated device manufacturer, according to a letter it sent to the chipmaker’s chairman on Tuesday that was reviewed by Reuters. Third Point CEO Daniel Loeb wrote to…
“#Disney to reorganize entertainment operations with focus on streaming” Disney is restructuring its media and entertainment divisions as streaming has become the most important area of its business under the crush of the coronavirus pandemic. The Mouse House on Monday said that it aims to accelerate its streaming business by centralizing its media business into…