Bill Ackman has spent roughly two decades and close to $1 billion on philanthropy. His verdict: Capitalism can often have a stronger societal impact. “I’ve spent a fair amount of time on philanthropy, and it’s vastly less efficient at solving problems than capitalism,” the Pershing Square Capital Management founder and CEO told Fortune editor-in-chief Alyson
EasyJet has agreed to be taken over in a £5.7bn deal by US firm Apollo. The deal was announced after rival suitor Castlelake said it was dropping out of the bid battle for the no-frills airline. EasyJet is one of Europe’s largest airlines. It employs more than 19,000 people, and flies around 1,200 routes across
BOSTON– eBay Inc. agreed to pay nearly $50 million to a Massachusetts couple who said former company employees attacked them with threats and bizarre anonymous deliveries, including live insects, a funeral wreath and a bloody pig Halloween mask, according to settlement details released Tuesday. The parties reported reaching a tentative agreement in February as the
Data security company Cyera, which recently raised $600 million at a $12 billion valuation, announced Tuesday that it has signed a letter of intent to acquire Oasis Security for approximately $1 billion in a deal that is expected to be paid primarily in cash, with the remainder in Cyera stock. Oasis focuses on non-human identities,
The chess world has been thrown into turmoil after the president of the International Chess Federation (Fide), Arkady Dvorkovich, announced his resignation because he was included in the latest European Union sanctions list. Dvorkovich, 54, Russia’s former deputy prime minister and Kremlin adviser, now faces an EU travel ban and an asset freeze. The EU
Hungarian President Tamás Sulyok has agreed to resign and signed an amendment to the country’s constitution that will end his presidency at midnight Sunday. Prime Minister Péter Magyar’s Tisza party had pushed the law change in parliament to oust Sulyok, widely considered loyal to former Prime Minister Viktor Orbán, who lost power in April after