financetom
Business
financetom
/
Business
/
Market Chatter: WW International Prepares to File for Bankruptcy
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: WW International Prepares to File for Bankruptcy
Apr 9, 2025 12:05 PM

02:32 PM EDT, 04/09/2025 (MT Newswires) -- WW International ( WW ) is preparing to file for bankruptcy in the months ahead as part of a plan to shift control of the business to creditors, the Wall Street Journal reported Wednesday, citing people familiar with the matter.

The company, known as WeightWatchers, is still in talks with a key group of lenders and bondholders, the report said.

The restructuring negotiations began prior to the current volatility in stock markets, the report said.

WW International ( WW ) didn't immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 0.26, Change: -0.20, Percent Change: -44.03

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
SAP Snags WalkMe For $1.5B: A Power Move In AI-Enhanced Business Solutions
SAP Snags WalkMe For $1.5B: A Power Move In AI-Enhanced Business Solutions
Jun 5, 2024
WalkMe Ltd. ( WKME ) shares are jumping today after it inked a definitive deal to be acquired by SAP SE ( SAP ) in an all-cash deal for an equity value of about $1.5 billion. The Executive and Supervisory Boards of SAP and the Board of Directors of WalkMe ( WKME ) have approved the transaction valued at $14.00...
Stock exchanges told to improve how they deal with outages
Stock exchanges told to improve how they deal with outages
Jun 5, 2024
LONDON, June 5 (Reuters) - Stock exchanges and other trading platforms should draw up and make public plans for dealing with outages to provide greater predictability for customers, global securities watchdog IOSCO said on Wednesday. Exchanges worldwide have been hit by glitches and outages for various reasons, such as software changes. A glitch at the New York Stock Exchange (NYSE)...
KKR Unit Acquires Swisscom Unit's 4.5% Stake in FiberCorp
KKR Unit Acquires Swisscom Unit's 4.5% Stake in FiberCorp
Jun 5, 2024
06:32 AM EDT, 06/05/2024 (MT Newswires) -- KKR (KKR) unit Optics Bidco has agreed to acquire Swisscom's Italian unit Fastweb's 4.5% stake in FiberCorp for 438.7 million euros ($475.8 million) in cash, Swisscom said on Wednesday. The value was described as in line with the pro rata price paid by KKR to Telecom Italia for its stake. The deal remains...
Update: Guidewire Software Fiscal Q3 Swings to Profit as Revenue Rises; Lifts Fiscal 2024 Sales Forecast; Shares Jump Premarket
Update: Guidewire Software Fiscal Q3 Swings to Profit as Revenue Rises; Lifts Fiscal 2024 Sales Forecast; Shares Jump Premarket
Jun 5, 2024
06:06 AM EDT, 06/05/2024 (MT Newswires) -- (Updates with the stock move in the headline and first paragraph, as well as minor edits.) Guidewire Software ( GWRE ) shares were up 7.9% in recent premarket activity on Wednesday after the company swung to a profit as sales surged in fiscal Q3 and raised its fiscal 2024 revenue guidance. The company...
Copyright 2023-2025 - www.financetom.com All Rights Reserved