Fidelity & Guaranty Life
From the time it was established in Des Moines, Illinois, in 1959, the Fidelity and Guaranty Life Insurance Company has assisted millions of people in securing their financial future. Having said that, the organization’s own future had not been entirely secure. Harbinger Group previously owned it, but the parent company decided to make it available to the general public in 2013. After becoming interested in it, Anbang Insurance Group purchased F&G for 1.57 billion dollars. Everything appeared to be going smoothly until the Chinese company decided to cancel the agreement at the last minute. Following the abrupt change in plans, CF Corp acquired F&G for around $1.84 billion in 2017.
Fidelity & Guaranty Life
Universal Music Group
Getting a record deal with Universal Music Group would be a dream come true for every aspiring musician. One of the “Big Three” record companies, together with Warner Music Group and Sony Music Entertainment, dominates the music industry. UMG has been a part of the entertainment business for nearly a century. Although it has aided in the development of many local performers, the truth is that it is no longer a wholly American corporation. For more than a decade, a French corporation called Vivendi owned the bulk of the company. Still, it eventually agreed to sell its part to Tencent in the year 2020. The Shenzhen-based firm paid $33.4 billion for a 10 percent stake in Universal Music Group’s music industry.
Universal Music Group
