Fidelity & Guaranty Life
Fidelity and Guaranty Life Insurance Company has helped countless people safeguard their financial futures since it was established in 1959 in Des Moines, Illinois. As a result, its own future has been anything but certain. In the past, Harbinger Group owned it. However, in 2013, the parent business made it available to the general public. F&G was of interest to Anbang Insurance Group, which purchased it for $1.57 billion. Everything appeared to be going according to plan until the Chinese company pulled out of the agreement at the eleventh hour. CF Corp bought F&G for about $1.84 billion in 2017 after the sudden change of plans.
Fidelity & Guaranty Life
Universal Music Group
A record deal with Universal Music Group would be a dream come true for any aspiring artist. Along with Warner Music Group and Sony Music, it is one of the “Big Three” record labels. Since nearly a century, UMG has been in the business of making music. Although it has aided in the development of many domestic musicians, the company is no longer wholly American. In the past, Vivendi, a French firm, had the bulk of the company’s stock, but Tencent acquired it in 2020. The Shenzhen-based firm paid $33.4 billion for a 10% stake in the record label.
Universal Music Group
