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Related Special Reports
...HPS has already invested more than a third of the $17bn it plans to put to work, including loans to wireless provider Consumer Cellular and Authentic Brands, the company behind Brooks Brothers and Reebok...
...They have a close to $1tn in buybacks going on. The third pushback is, why bother? Buybacks are better. But buybacks don’t benefit shareholders. They benefit share sellers by definition....
...Apple’s rising profit margins have helped to power huge share buybacks that have propelled stock performance even when top line growth has been middling. Change is neither guaranteed nor immediate....
...deliver a “high level of return” on past investments and will use cash flow to make investments with the potential for a high return on capital or to return cash to shareholders through dividends, share buybacks...
...Analysts at Citi upgraded the stock to a “buy” rating two weeks ago after the initial price decline, which they said was sparked by concerns over higher capital spending, betting the company’s buyback program...
...The DoJ’s complaint alleged Google sidelined competitors by paying wireless carriers, browser developers and device manufacturers billions of dollars via deals that ensure its search engine features prominently...
...In the ensuing months, DNP announced it would undertake the biggest share buyback in its history while also setting a return on equity target of 10 per cent....
...will stay low (FT) Patrick Drahi’s Altice lifts stake in BT to almost 25% (FT) GAM fund managers publicly back Liontrust takeover (FT) BAT investors call on tobacco group’s new chief to restart share buybacks...
...Apollo bought $2bn of AT&T preferred stock in a deal that allowed the wireless carrier to partially repay some of its outstanding preferred equity....
...But (as Lex notes) with its ad business sturdy enough and plenty of cash on hand, Google is buying time with $70bn in buybacks while it competes in the cloud. Google has good reason to do so....
...The complex deal needed the buyback to be via staggered completions in different jurisdictions at different stages....
...US president Joe Biden has slammed the big spending on dividends and buybacks at a time of high prices for consumers, calling it unacceptable “during a time of war”....
...If the buyback price is lower, the trade will be profitable. The difference with a long position is that returns cannot exceed 100 per cent, crystallised when a shorted stock falls to zero....
...Total announced an increase in its dividend, more share buybacks and a doubling of profits to a record $20.5bn....
...Tiger Management currently has big positions in Facebook, Google parent Alphabet, Microsoft, chipmaker Micron Technology, wireless technology firm Qualcomm, and ride-hailing and food delivery company Uber...
...private tech bets by billions (The Information) Tech investor Baillie Gifford warns of 2023 reckoning for private companies (FT) Meta cuts 11,000 staff in largest cull in company’s history (FT) SoftBank buyback...
...Following news of the scrapped acquisition, UBS promised to raise its dividend by a tenth to $0.55 a share and increase its proposed share buyback for 2022....
...Finback was considering buying a stake in Gideon Cyber Systems LLC, according to the term sheet....
...Adrian Justins rounds up the ones that caught his eye, from wireless televisions to an oven that uses artificial intelligence....
...But Big Tech is supposed to have big ideas, not just big buybacks....
...Lex advocates more buybacks of SoftBank shares, rather than investments. 2....
...Alphabet’s board also announced a $70bn share buyback plan, after spending $52bn on shares in 2021....
...Apple Pay, which debuted in 2014, allows iPhone and Apple Watch owners to use credit and debit cards by tapping their devices to wireless readers in stores....
...Tech tools — An avalanche of earbuds When Alexandra Heal tried to fix her faulty wireless earbuds, she discovered that the world is drowning in dead gadgets....
...Apple Pay Later will be serviced through a wholly owned subsidiary, Apple Financing LLC. Lex assesses the risks. 2....
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