US EditionStarbucks China attracts bids valuing the coffee chain at up to $10 billion: Report
CHINA, JUL 8 – Starbucks considers selling a majority stake in its China business to address sales challenges amid competition, with offers from about 30 investors including private equity firms.
- Starbucks China has attracted offers from around 30 domestic and foreign private equity firms, valuing the business between $5 billion and $10 billion.
- Starbucks is evaluating the offers and deal structure proposals, with a potential stake sale of up to 70% to a group of buyers, each holding less than 30%.
- Goldman Sachs is the financial adviser leading the process, but Starbucks may call off the deal if offers do not match its expected valuation.
Insights by Ground AI
Does this summary seem wrong?
40 Articles
40 Articles
All
Left
5
Center
10
Right
6
Starbucks China attracts bids valuing the coffee chain at up to $10 billion, sources say
About 30 PE firms have submitted non-binding offers, valuing Starbucks between $5 billion and $10 billion, with bidding expected to settle around the top end of that range, sources said.
·United States
Read Full Article
Coverage Details
Total News Sources40
Leaning Left5Leaning Right6Center10Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 24%
C 48%
R 29%
Factuality
To view factuality data please Upgrade to Premium
