If both companies were to merge, the number of boardrooms she is sitting on will also diminish. Shari Redstone, the daughter of media mogul, Sumner Redstone has withdrawn her support for the merger of Viacom and CBS Corp. She wants… Read More ›
Entrepreneurship
Fox in acquisition talks with Sky – Sources
Following Brexit and the devaluation of the British pound, British companies have become more interesting for companies looking to expand. U.S. based Twenty-First-Century Fox is in exploratory acquisition talks with British broadcaster Sky in could be a blockbuster deal. As… Read More ›
Alipay Expands into Europe with Deals with Banks, Hints at Apple Pay Rival
As Ant Financial, the Alibaba affiliate, continues to expand in Europe, announced partnerships with European banks. The company runs the Alipay payments service. The company claimed that an additional 930,000 merchants would be allowed to start accepting Alipay if they wish to… Read More ›
Aetna’s $34 billion acquisition of Humana violates antitrust law – U.S. Justice Department
According to the Justice Department, the acquisition violates antitrust law since it adversely affects the insurance of individuals who are covered under Obamacare and the disabled who are on Medicare. However, changes to these laws are on the anvil with… Read More ›
Ford Motor to raise $2.8 billion to fund its foray into EVs and self-driving technology
At the same time, Ford Motor is also trying to catch up with General Motor by boosting the production and sale of its large SUVs. According to a filing with the U.S. SEC, Ford Motor Co is set to raise… Read More ›
Barclays exits from trading in energy
Barclays exit isn’t surprising since many large investment banks have also minimized their profile in the energy trade following the 2008 financial crisis. While merchant traders have sought to fill its shoes, given their aversion to the futures market and… Read More ›
Zenith Optimedia predicts ad revenues to hit $50 billion by 2019
In an increasingly digital world, businesses will shift their advertising strategy from traditional sources to mobile electronic ones. The leading forecaster has stated that advertising revenues from electronic mediums are likely to exceed traditional sources by 2020. Zenith Optimedia, owned… Read More ›
Panasonic in acquisition talks with LED manufacturer ZKW to expand its footprint in the auto industry
Japan’s Nikkei has reported the deal citing an anonymous source. Although it’s too early to confirm the deal, if it goes through, which could be as early as the end of this month, it will further consolidate Panasonic’s involvement in… Read More ›
Burberry rejects multiple takeover offers from Coach Inc.
If the merger would have gone ahead, according to the Financial Times, the market capitalisation of the combined company would have been in excess of $20 billion. As per the Financial Times, Burberry, a British luxury fashion brand, has rejected… Read More ›
BMW to offers its fleets of premium self-driving cars for ride-hailing services
In 2017, BMW will test its autonomous vehicles in Munich with a fleet of 40 vehicles. It will then gradually expand it to other cities as well. Although its cars will have self-driving capacity, they will be manned by a… Read More ›
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