Starbucks Stock Drifts Higher Amid Brewing China Business Sale Chatter
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Zinger Key PointsStarbucks is reviewing proposals from investors interested in its China business unit.The company is in the process of narrowing down some of the interested investors for a subsequent bidding round.From tariffs to inflation, macro risks are rising—Matt Maley reveals how he’s trading it all, live this Wednesday July 9 at 6 PM ET.Starbucks CorpSBUXshares are warming up in after-hours Tuesday following reports suggesting the coffee giant has drawn interest from potential investors regardingits China business.What To Know:After the market close on Tuesday, Bloombergreportedthat Starbucks is reviewing proposals from investors potentially interested in taking a controlling stake in the company’s operations in China.People familiar with the matter said the company is in the process of narrowing down some of the interested investors for a subsequent bidding round.The report indicates that Starbucks was aiming to sell a minority stake in its China business to a partner who could help return operations to growth, but is now considering selling a controlling stake to a private equity firm or other industry players.SBUX Price Action:Starbucks shareswere up 0.53% in after-hours, trading at $95.44 at the time of publication on Tuesday. The stock closed Tuesday’s regular session up 1.39% and is now up approximately 4% since the start of the year, according toBenzinga Pro.Loading...Loading...Read Next:Uber CEO’s Mother Refuses To Buy Starbucks Coffee Thanks To Her Frugal Beginnings — Even Though Her Son’s Company Delivers It: ‘You Got To Talk It Up’ Says Dara KhosrowshahiPhoto: Cloudy Design/Shutterstock.comSBUXStarbucks Corp$95.501.99%Stock Score Locked: Want to See it?Benzinga Rankings give you vital metrics on any stock – anytime.Reveal Full ScoreEdge RankingsMomentum70.87Growth35.74QualityN/AValue22.50Price TrendShortMediumLongOverviewMarket News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. . .Posted In:NewsGlobalAfter-Hours CenterMoverswhy it's moving