• Google will face another probe from the Department of Justice, this time over its $2.1 billion acquisition of Fitbit

    1 month ago - By Business Insider

    Hollis Johnson/Business Insider
    The Department of Justice will investigate Google's acquisition of the smart-fitness company Fitbit, the New York Post's Josh Kosman reported Tuesday .
    The government agency reportedly fought for jurisdiction over the deal with the Federal Trade Commission, which oversees a task force that monitors anticompetitive behavior in Silicon Valley.
    Google's broader business practices are already under investigation by the Department of Justice as well as by a group of 50 state attorneys general .
    Visit Business Insider's homepage for more stories.
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  • Saudi Aramco's IPO raised a record $25.6 billion - but an unusually low 1.5% of the company's shares will actually trade

    Saudi Aramco's IPO raised a record $25.6 billion - but an unusually low 1.5% of the company's shares will actually trade

    1 month ago - By Business Insider

    REUTERS/Hamad I Mohammed
    Saudi Aramco's record-shattering IPO made 3 billion shares available to public investors, though the offering only represents 1.5% of the oil giant's total value.
    Most large-cap companies offer far more of their stock in IPOs. Apple , Amazon , and Google-parent Alphabet all have more than 84% of their shares listed publicly.
    With the majority of Aramco's shares held by Saudi Arabia, government officials retain control of the firm and can lead it to take actions beneficial for the country.
    Watch Aramco stock here after it begins trading Wednesday .
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