M&A, Investment, and Securities

Vietnam Mulls Formal Antitrust Investigation Into Grab-Uber Deal

Vietnam Mulls Formal Antitrust Investigation Into Grab-Uber Deal

Last Wednesday, Vietnam’s trade ministry said that it may launch a formal investigation into Grab’s acquisition of Uber’s Southeast Asia business, stressing that the transaction could be blocked since an initial probe found that the combined market share of both ride-hailing firms in Vietnam was over 50% percent, as per the nation’s law. It is unclear what kind of impact Vietnam’s move will have on the deal, which is already being scrutinized by other countries such as Singapore, the Philippines, and Malaysia. However, lawyers and analysts say that there is little that can be done to stop Uber from leaving […]

Apple Stocks Hit Record High on Buffet Praise

Apple Stocks Hit Record High on Buffet Praise

Apple shares hit an all time high of $185.18 last Monday, fueled by praises from billionaire investor Warren Buffett who revealed last week that his company had bought 75 million shares of the iPhone maker which currently valued at around $11 billion. Buffett even said that he loved the stock so much that he’s own 100% of it if he could. Apple CEO Tim Cook sent back some reciprocal praise on Buffett’s remarks, saying that he had always greatly admired the man and have always been grateful for his insight and advice. Buffett’s investment firm, Berkshire Hathaway, is now the […]

Australian Ethical Fund Removes Facebook After Privacy Scandal

Australian Ethical Fund Removes Facebook After Privacy Scandal

It was revealed last Friday that BetaShares Global Sustainability Leaders Exchange Traded Fund (ETHI) has removed Facebook from its roster, according to its Responsible Investment Committee. In its official statement, the Australia-based fund manager said that Facebook had been involved in a number of controversies and reputational issues, focusing particularly on the recent privacy issue involving British firm Cambridge Analytica which misused the personal data of around 50 million Facebook users without their consent. ETHI, which manages around $170 in funds, said that Facebook comprised 3.9% of its portfolio. The social network had already lost $50 billion of its value […]

US Lawmakers Relax Portions of BIll Limiting Chinese Tech Acquisitions

US Lawmakers Relax Portions of BIll Limiting Chinese Tech Acquisitions

Reuters said this week that it has seen draft revisions which revealed that lawmakers may be proposing relaxing elements to a bill which seeks to stop Chinese acquisition of sensitive US technology. This may have been due to the lobbying efforts of tech companies which slammed the original bill which threatened to cut into their export profits which amounted to $153 billion in 2016. The bill is set to broaden the reach of the inter-agency Committee on Foreign Investment in the United States (CFIUS), which conducted a probe into Broadcom’s acquisition plans of rival Qualcomm that President Trump eventually nixed. […]

Spotify to List Shares Directly on NYSE

Spotify to List Shares Directly on NYSE

Considered to be the world’s biggest music streaming service, Spotify was reported to have filed to list its shares directly on the New York Stock Exchange which can allow investors and employees to sell their stakes. The move is said to put the company’s valuation at around $  23 billion. UK music industry analyst at MIDiA Research Mark Mulligan says that Spotify may be letting investors cash in and let them know that they are on the right path. The company hinted in its filing that it may be expanding into other forms of radio to grow its user base […]

Google Announces Patent Cross-Licensing with Tencent

Google Announces Patent Cross-Licensing with Tencent

Earlier this week, Google announced that it will be entering into a patent cross-licensing agreement with Chinese tech giant Tencent which is estimated to be valued at $500 billion. The terms of the tie-in were not disclosed, but Google’s Head of Patents Mike Lee says that it is a long-term partnership where the two companies will be working on innovation for a broad range of products and technologies. Even though Google’s search service is still blocked in China, the company has recently increased its efforts in pursuing a number of projects in the country, including the creation of an AI […]

NHJ

Uber Admits to Informing Softbank of Breach Before Going Public

Last Thursday, Uber revealed that it had told Softbank of the breach prior to disclosing it with the public. The Japanese company is currently in talks with the ride-hailing firm in a deal that would amount to as much as $10 billion, effectively buying out existing shareholders. Uber said in its statement that it had a duty to inform Softbank, which was a potential investor, even though the information they had at the time was still incomplete. Uber added that they only went public after completing the forensic investigation which gave them a more complete understanding of the facts.    […]

India’s SEBI to Probe Indian Companies for Prescient Financial Information

India’s SEBI to Probe Indian Companies for Prescient Financial Information

SEBI, India’s market regulator, is seeking trading data brought to light by a Reuters investigation involving several prescient messages on major Indian companies that were posted on WhatsApp groups. Prescient information such as quarterly results, net profits, revenues, and even bonus share issues were apparently being posted on WhatsApp groups exclusive to traders and market insiders. Some of the information were linked to companies which were part of the National Stock Exchange (NSE) index. India’s insider trading rules, which were updated in 2015, now cover unpublished price-sensitive information which could impact the market significantly. SEBI Chairman Ajay Tyagi confirmed that […]

EU Launches Antitrust Investigation on Recent Suspicious Mergers

On a Wall Street Journal report, The European Union (EU) accuses companies Canon Inc (CAJ), General Electric (GE), Merck (MKGAY), and Sigma-Aldrich Corp of violating the EU’s antitrust laws. Margrethe Vestager, EU’s Competition Chief says her department is investigating new merger clearances if companies have in any way misled the commission upon registering for an antitrust review. Mergers that are under suspicion include the $1.65 billion deal with GE and LM Wind Power, as well as the $17 million merger between Merck and Sigma Aldrich. The commission also suspects that Canon’s deal with Toshiba Medical Systems had been implemented before […]

$9.94 Billion Deal on Worldpay – Vantiv Merger

Vantiv, a U.S credit card processing company, announced Wednesday that it plans to take over U.K payment processing company Worldpay. The deal is said to be worth $9.94 billion. Worldpay also revealed that they had been approached by finance companies Vantiv and JP Morgan Chase for acquisition. According to a statement from the bank, JP Morgan decided not to make an offer on the merger after preliminary considerations. Completion of the potential merger will de-list Worldpay shares from the London Stock Exchange and the common stock of Vantiv will continue its listing on the New York Stock Exchange. Shareholder approval […]