International News - Page 24

Father's illness puts spotlight on unproven Samsung heir, Jay Lee

11 years ago

The only son of Samsung's frail 72-year-old chairman Lee Kun-hee, Jay has been groomed for years to take over the sprawling South Korean family-run "chaebol", a conglomerate with interests spanning technology and insurance to shipbuilding and construction. Samsung Group's 2012 revenue of 380 trillion won ($371 billion) was more than a quarter of South Korea's nominal GDP.<br />

Beats co-founder Jimmy Iovine could be key to $3.2 bn Apple deal

11 years ago

A source familiar with the deal said Iovine would likely leave his record label and join Apple to run Beats, but it hasn't been determined if he would take on a greater role. It also isn't yet clear whether Beats would operate as an independent unit or to whom its executives would report.<br />

Largest tech debut in history? China's Alibaba embarks on US IPO journey

11 years ago

Alibaba, which powers four-fifths of all online commerce conducted in the world's second-largest economy, is expected to raise upward of $15 billion and potentially surpass the $16 billion that Facebook Inc managed in 2012. It will become the largest Chinese corporation to have sought a home on US exchanges<br />

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