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Jim Cramer raises concerns about tech’s ‘Lazy Susan’ deals

Jim Cramer raises concerns about tech’s ‘Lazy Susan’ deals

CNBC’s Jim Cramer on Wednesday expressed trepidation about circular transactions between tech companies as Wall Street weighs the value of artificial intelligence heavy hitter OpenAI. “These days, we’re constantly hearing about what I’d call these ‘Lazy Susan’ deals, except they’re being celebrated as good news for both parties,” he said. To Cramer, a “Lazy Susan”…

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Western food giants tap Chinese PE funds in battle for market share

Western food giants tap Chinese PE funds in battle for market share

Starbucks and Burger King are betting big on a partnership model that’s gaining traction in China: selling majority stakes to local private equity firms as the battle for market share rages on. Foreign food-and-beverage chains once thrived in China without adapting much — premium Western products practically sold themselves. Today, decisions made from distant headquarters…

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