According to reports, Starbucks is evaluating proposals from five bidders for its China business, with a transaction valuation exceeding USD 10 billion
The Wall Street Journal reported that Starbucks (SBUX.US) is evaluating proposals from five bidders regarding its business in China. The company estimates that the deal will be worth over $10 billion, including royalties, potential partners' upfront investments, and the shares that Starbucks retains in its Chinese operations.
A Starbucks spokesperson stated that there has been strong interest from several high-quality partners and revealed that an unnamed bidder has submitted an offer, and the company is assessing the relevant proposals
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