In 1997 musician David Bowie sold asset-backed securities, called "Bowie bonds", which awarded investors a share in his future royalties for 10 years. They were bought for $55 million!
In 1997 musician David Bowie sold asset-backed securities, called "Bowie bonds", which awarded investors a share in his future royalties for 10 years. They were bought for $55 million!
A Chinese conglomerate announced that it will buy a major U.S. cinema chain, AMC Entertainment Holdings, for $2.6 billion. The deal reflects rising Chinese investment in U.S. corporate assets.