Hints and tips:
...In 2021, Apple and Google both introduced new privacy features that would make it harder for advertisers to harvest data for targeted ads....
...Bloomberg) Fund managers urge European regulators to mirror US move to T+1 (FT) Thomas Cook owner Fosun to sell brand to Poland’s eSky (SKY News) UK government vows to protect litigation funding that helped sub-postmasters...
...And in 2021, Restaurant Brands paid $1bn in cash for Firehouse Subs....
...One paper in this area caught my eye recently, “Standardizing and Unbundling the Sub Rosa DIP Loan”, co-authored by researchers Kenneth Ayotte and Alex Huang of UC Berkeley School of Law....
...He invited Oprah Winfrey to interview him and declared the merger to be “our rendezvous with destiny”....
...The TSE’s ambitions are not just meant for the worst-run Japanese companies, those with a sub-1 price/book ratio....
...It has become increasingly difficult to buy tickets to popular concerts, at least in part because of the rise of “bots” — automated software used to harvest tickets in bulk, so they can be resold online...
...The sub 20 per cent operating margin over the past year compares poorly with Activision’s 35 per cent. EA has not experienced the same stumbles as Activision....
...He gave away 52 per cent of the company to Vivendi to propel Activision into subscription online role-playing games, through the merger with World of Warcraft maker Blizzard, then part of Vivendi’s interactive...
Silicon Valley group looks to tap into huge mobile payments market with purchase of Lagos-based company
...US speciality coffee trader Sustainable Harvest has acquired the contracts and trading team of Twin Trading, the UK-based non profit coffee trader that ceased operations last month....
...“We are also very reluctant to sell sub-par businesses as long as we expect them to generate at least some cash and as long as we feel good about their managers and labour relations,” the manual said....
...Lex recommends the FT’s Due Diligence newsletter, a curated briefing on the world of mergers and acquisitions. Click here to sign up...
...Between them, the five companies have spent $17bn on sub-$1bn deals in the past five years alone. It is fair to ask whether any involved quashing competition — although proving this will be difficult....
...Those listing with sub-50 per cent gross margins, like Lyft, Uber and Slack, trade below listing prices....
...“We are going to enter a true harvest season,” Mr Son said at a press conference on Thursday....
Streaming group’s ‘happy ending’ could yet prove just another plot twist
...Almost £4bn of UK investors’ money languishes in so-called “orphan funds” — sub-scale funds with persistently low inflows and often high charges....
...“We would expect investors who were buying sub-$8 will see this offer as compelling; for investors buying during 2018 where the average share price was $14.20, the offer is more a peace offering to minimise...
...You don’t want to be the last remaining player with sub-scale brand, data and technology.”...
...Victory announced that it had won the battle to buy USAA just weeks after it unveiled a $300m deal to buy Harvest Volatility Management, a New York derivatives manager....
...Samuel Johar, chairman of board advisory firm Buchanan Harvey, argued it was likely to be a takeover target “because it is sub-scale with not a very strong pipeline”....
...Silver Lake would also at some stage need to harvest its gains and distribute them to its pension and endowment investors....
...the merger....
...The company said the appropriate calculation, as in the the profit bridge above, is: £78m Business improvements (£44m) Inflation (£26m) Synergies £6m Increase in central costs £14m Sub total...
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