November 26, 2020 - Biz in 60

Turkey and Qatar ink deal on 10% sale of Borsa Istanbul Turkey and Qatar have agreed to finalise the sale of a 10-percent stake in Turkey's stock exchange, Borsa Istanbul. The signing ceremony was held during the sixth meeting of the Turkey-Qatar Supreme Strategic Committee. The Turkey Wealth Fund is the majority shareholder of Borsa Istanbul and will continue to own around 80-percent of the exchange. Salesforce in talks to acquire workplace messaging app Slack Cloud-based software company, Salesforce, is reportedly in talks to buy the workplace messaging app, Slack, as it looks to expand its business. Slack has a market value of more than 17-billion- dollars and would be Salesforce's largest ever acquisition. Shares in Slack jumped more than 30-percent on the reports, while Salesforce shares fell around 5-percent. ViacomCBS sells publishing unit to Bertelsmann for $2.18B ViacomCBS has agreed to sell its publishing house, Simon & Schuster, to media group Bertelsmann for almost 2-point-2 billion dollars. The German owner of Penguin Random House, outbid Rupert Murdoch's News Corp for the publisher. ViacomCBS says it will use the proceeds from the transaction to invest in strategic growth priorities like streaming.