Four bidders are fighting to purchase the UFC, the biggest mixed martial arts organization in the world with an estimated value of between $3.5 billion and $4 billion. WME/IMG, China Media Capital, The Blackstone Group and Dalian Wanda Group have submitted their respective bids.
Electric automaker Tesla reported on Wednesday an adjusted loss that was narrower than analysts expected, but the report almost was overshadowed by news that two of the company's top manufacturing executives are planning to leave the company.
Etsy Inc. posted a profit in the first quarter -- the first time since April 2015 when it went public -- as growth in revenue and users stayed strong, according to a company statement released on Tuesday.
Mitel Networks Corp., a maker of videoconferencing equipment and other hardware, agreed to pay $1.96bn in cash and stock to buy Polycom Inc. in a merger deal that Elliott Management Corp. urged both companies to explore.
Mercedes-Benz posted increased sales in the first quarter, which is twice as fast as BMW, inching them closer to the top spot in the world's luxury-car market for the first time in a decade.
Alcoa Inc. posted a 92 percent decline in profit for first quarter of 2016 from a year ago, due to weak aluminum prices. The company also lowered its sales growth outlook this year for its global aerospace unit.