Hints and tips:
...Or they are enabling secure electronic transactions at light speed around the globe. But there is a clear sense that scale matters in payments and there will be big winners who take all....
...Amazon earned its first exclusive sports rights when it joined the current NFL package, paying roughly $1bn for the league’s Thursday night games, according to a person familiar with that transaction....
...The schemes are in surplus, but not by enough to secure an insurance buyout ahead of any transaction....
...Short-term loans made through the iPhone maker’s new Apple Pay Later service, announced on Monday, will be made through a wholly owned subsidiary, Apple Financing LLC, the company said....
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com. You can build it, but will they come?...
...Under the new arrangement, Qiagen has reduced the minimum threshold of its shareholders needed to vote in favour of the transaction to 66.7 per cent from 75 per cent....
...The consultancy predicts revenues across Europe’s Big Five leagues will drop by €1.5bn this season, but make a V-shaped recovery next season....
...Their position seems secure; BAM shareholders have earned compound annual returns of 18 per cent over the past 25 years....
...AstraZeneca didn’t specify terms for any transaction, they said....
...In interviews with the Financial Times, executives from several firms were keen to emphasise common themes between their most recent deals and the far smaller transactions from which they earned their stripes...
...In the second quarter of this year, TD Ameritrade received $83m in order routing revenues, out of total transaction revenues of $335m....
...Singapore’s sovereign wealth fund is close to buying a large stake in Mergermarket in a transaction that would value the data business at £1bn, according to three people familiar with the deal....
...After about $70bn of commitments, it was assumed there would be a break in the action to allow the PIF to secure more funds....
...After a dearth of big deals this year, a major media deal has raised hopes of further large transactions on the horizon....
...The press release noted debt financing would come from Goldman Sachs Bank USA and Goldman Sachs Lending Partners LLC. The bank also provided M&A advice to Thermo Fisher....
...It would also be a landmark deal for Liberty Media which would secure the prize only after a number of parties had kicked the tyres over the sports franchise over the past year....
...KKR’s $1.2bn acquisition of US retailer Mills Fleet Farm, for example, failed to secure any bank finance — forcing the private equity firm to use its own capital to back the takeover....
...Amgen’s last major acquisition was Onyx, which it bought in 2013 for roughly $10bn, primarily to secure the rights to its cancer drug Kyprolis....
...V.me allows people to make online purchases without having to punch in their card details each time....
...Such a deal, analysts noted, would secure control over Samsung C&T’s 4 per cent stake in group flagship Samsung Electronics....
...economic benefits based, directly or indirectly, on the value or price of, any capital stock of, or other securities or ownership interests in, the Company (the items in clauses (i), (ii), (iii), (iv) and (v)...
...It currently processes about $35m worth of transactions per day, according to Blockchain.info, the bitcoin information service....
...The company said this was not its intention and emphasised it was working with Stripe to ensure transactions on the platform are secure and payments data are kept private....
...The online payments market is still small, accounting for just 2-3 per cent of consumer transactions worldwide, says Patrick Collison, co-founder of payment service Stripe....
...The consumer might get inconvenienced, but ultimately an institution shields them — the banks absorb the costs, retailers reverse transactions and you go on your merry way,” he says....
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