Exact(4)
The price paid then was £642m but Thursday's sale, in which Chinese state-owned firm Bright Food is buying a 60% stake, values the cereal maker at £1.2bn.
The agreement, under which the former symbol of Japanese industrial might will keep a minority stake, values the operations at about $18 billion.
The deal, which gives Microsoft a 17.6 percent stake, values the Nook unit at $1.7 billion — roughly double Barnes & Noble's entire market value as of last Friday — and bolsters the bookseller's efforts to make its digital business the linchpin of its future growth.
While Telia Sonera's stake values Spotify at around $8.2 billion, sources tell us that the higher valuation and total round size are both accurate.
Similar(56)
Since buying Springleaf, Fortress has turned its $124 million investment into a stake valued at $1.9 billion.
Summit Partners, a private equity firm, acquired a 20percentt stake, valuing the company at about $1 billion.
Tony James would withdraw $188.5 million and retain a 4.9-per-cent4.9-per-cent4.9-per-centhan $1.6 billion.
The stake, valued at $325 million, would make the bank CheckFree's largest shareholder.
Berkshire Hathaway, Buffett's investment firm, is Coca-Cola's biggest shareholder with a 9.3% stake valued at about $17bn.
Tom Drury, the chief executive, sold shares worth almost £4.5 million and maintains a 5percentnt stake valued at nearly £18 million.
Intesa Sanpaolo, Italy's biggest bank, recently paid €100m for a 5% stake, valuing the firm at €2 billion.
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