Patrick Drahi, founder of the European-based telecom group Altice, has bought a 12.1% stake in telecommunications company BT, worth approximately £2.2 billion. Altice is now BT’s largest shareholder after the purchase of 1.2 billion shares by recently-formed Altice UK. BNP Paribas and Morgan Stanley handled the share purchases. Drahi, who has a net worth of […]
On Wednesday, video game retailer GameStop announced that it has appointed former Amazon executive Matt Furlong as the company’s new CEO. Mike Recupero, another former executive of Amazon, has also been appointed as GameStop’s chief financial officer. Having worked for Amazon for almost a decade, Furlong will step into his new role on June 21. […]
Italian physicist Benedetto Vigna has been named Ferrari’s next CEO. Vigna will take over from interim chief John Elkann. Elkann stepped in in December after the resignation of Louis C. Camilleri, who retired with immediate effect due to personal reasons. Vigna will become Ferrari’s chief executive officer this coming September. Vigna has served as the […]
After stepping down as Amazon’s CEO, Jeff Bezos is set to fly to space next month alongside his brother. It will be the first crewed flight by Bezos’ aerospace company, Blue Origin. Turning to Instagram, Mr Bezos said that space flight was something he had wanted to do his entire life. Space travel is a […]
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