Hostess to buy Voortman Cookies for $320 million
Hostess brands is buying Canadian wafer company Voortman Cookies in a $320 million cash deal. Yahoo Finance’s Dan Roberts, Brian Cheung and Sibile Marcellus break it down on YFi AM.
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With rising inflation, American consumers are increasingly turning to the Chinese e-commerce platform Temu for their shopping needs. With its enticing tagline “Shop like a billionaire,” Temu has captured 17% of the U.S. market share, posing a challenge to traditional American retailers such as Amazon.com Inc., Dollar Tree Inc. and Five Below Inc. The rise highlights the lucrative and disruptive nature of startups. Owned and operated by PDD Holdings Inc. (NASDAQ:PDD), Temu offers a wide range of
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Yahoo Finance•Zuckerberg Asks for Patience After Meta’s AI Push Irks Investors
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