M&A, Investment, and Securities

Consumer, Retail Companies Scramble to Buy Tech Startups

Consumer, Retail Companies Scramble to Buy Tech Startups

According to a mid-year review by the PricewaterhouseCoopers’ deals team, purchases of tech startups by the consumer and retail industry has accounted for around 32% of cross-sector deals involving tech. Some of the more notable acquisitions this year was Nordstrom’s purchase of a sales communications platform called BevyUp and a brands-to-customer texting service called MessageYes. Meanwhile, Gannett announced last May that it will be buying cloud-based digital marketing company WordStream for $130 million. PwC’s U.S. deals solutions leader and China inbound deals leader Curt Moldenhauer says that an increasing number of larger convergence deals that continue to blurring industry lines […]

Google Pours $500 Investment into Chinese e-Commerce Giant

Google Pours $500 Investment into Chinese e-Commerce Giant

Google is set to invest $500 million into JD.com, one of China’s biggest ecommerce companies, in its continuing effort to gain ground against its rivals in Asia’s fast growing markets. The two companies revealed that the partnership will include the advertisement of JD.com products on Google’s shopping service, helping it gain exposure in US and European markets.   However, JD.com says that Google will not be pushing any new initiatives in China where its main services are still blocked due to the search giant’s refusal to comply with local censorship laws. In addition to Google, JD.com currently lists Tencent Holdings […]

SEC Expected to Clarify Position on Cryptocurrency This Week

SEC Expected to Clarify Position on Cryptocurrency This Week

SEC’s point-person in policy regarding bitcoin and blockchain, William Hinman, is expected to clarify the agency’s position on cryptocurrencies on his speech this Thursday at Yahoo’s All Markets Summit: Crypto in San Francisco. It is said that Hinman will confirm whether ICOs, alt-coins, and ether are securities which are required to register with the SEC. JJ Kinahan, chief market strategist for TD Ameritrade, remarked that everybody is currently uncertain as to what the rules are, and clarity on what is allowed and what is not would be of help to the markets. Source: CNBC

Toyota Pumps $1 Billion Investment Into Grab

Toyota Pumps $1 Billion Investment Into Grab

Southeast-Asian ride-hailing firm Grab announced this week that it will be getting $1 million in fresh investment from Japan’s Toyota Motors to expand their partnership and explore new strategies for the region. It was also revealed that a Toyota executive will be appointed to Grab’s board of directors and a team member will be elevated to an executive position in the Singapore-based company. Grab adds that the investment will allow Toyota to integrate services such as user-based insurance and predictive maintenance with them which may serve as an incentive for drivers to drive more safely to to lower their insurance […]

Microsoft Set to Buy World’s Largest Code Repository, GitHub

Microsoft Set to Buy World’s Largest Code Repository, GitHub

GitHub, considered to be the world’s largest code hosting service, reportedly saw a massive traffic spike over the weekend after Microsoft expressed its interest in buying the website. User sentiment, however, seemed negative as seen in a tweet by Bryan Lunduke where 68% of users said that they would move to another service if the acquisition falls through, fearing that Microsoft will get full access to millions of private projects that companies are currently hosting through GitHub’s premium service. While tech journalist Mary Branscombe pointed out that Microsoft is the single largest contributor to open source on GitHub, some users […]

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 […]