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Tag: billion

OnlyFans Considers Selling for $8 Billion Valuation

OnlyFans Owner Considering Sale at $8 Billion Valuation Sources indicate that Leonid Radvinsky, the owner of OnlyFans, is contemplating the sale of the adult social network, with a possible valuation around $8 billion. According to a report, OnlyFans, which is based in London and is known for its adult content, is in the process of […]

Aditya Mittal puts $1 billion into acquiring the Boston Celtics.

Aditya Mittal, CEO of ArcelorMittal and member of one of India’s wealthiest families, is reportedly investing $1 billion to acquire a stake in the Boston Celtics. This investment positions him as the second-largest shareholder of the iconic NBA team, which has won the championship 18 times, and he may serve as an alternative governor for […]

IMF supports Pakistan’s $2.3 billion bailout while India highlights its terror funding

IMF Addresses Concerns Over Pakistan’s Financial Aid Usage The International Monetary Fund (IMF) recently clarified that Pakistan is not permitted to misuse the financial assistance provided through its Extended Fund Facility (EFF) designed to tackle balance of payments issues. Alongside this, India has expressed apprehensions about the timing of this support, linking it to Pakistan’s […]

Owner of OnlyFans negotiating to sell UK adult content platform for £5.9 billion

Potential Sale of OnlyFans for $8 Billion The owners of OnlyFans, a popular subscription platform known for adult content, are reportedly in talks to sell the UK-headquartered business for approximately $8 billion (£5.9 billion). The discussions involve Fenix International, the platform’s owner, and a consortium led by the US investment firm Forest Road Company (FRC). […]

Texas lawmakers decide to prohibit hemp products, impacting the $4 billion industry.

Texas is poised to heavily restrict hemp products, as the Republican-dominated Senate and House have passed legislation to prohibit the sale and possession of THC-infused hemp items, encompassing food, oils, and vaping products. This potential ban could significantly impact the state’s burgeoning $4 billion hemp sector, with industry representatives pledging to challenge the law through […]

Trump’s new legislation could lead to significant tax hikes for Canadian businesses, potentially costing investors as much as $81 billion over seven years.

Changes in US Tax Policy Affecting Canadian Businesses President Donald Trump’s proposed tax legislation could lead to a notable rise in tax rates for Canadian firms, which may ultimately burden investors with up to $8.1 billion in extra taxes over a seven-year timeframe. Recently, the House approved a Republican measure—dubbed “The One, Big, Beautiful Bill”—by […]

Hyperliquid initiates a $1.1 billion Bitcoin long position with 40x leverage

A major player in the crypto world has ramped up its leveraged long position on Bitcoin, now totaling $1.1 billion, through the decentralized exchange, Hyperliquid. An account on X, going by “James Wynn,” claims responsibility for this hefty investment, which has reportedly gained $36 million in recent trading. Data from Hypurrscan’s Block Explorer supports this […]

Bitcoin ETFs Gain $1 Billion in Just 2 Days as BTC Price Hits Record High

Simply put On Wednesday, US investors invested close to $1 billion into Bitcoin ETFs. Bitcoin prices have surged to new heights. US Bitcoin ETFs have seen over $42 billion in net inflows. Investors are showing significant interest, funneling nearly $1 billion into a newly launched Bitcoin ETF in the US. This trend highlights a growing […]