https://www.meuinvestors.com The term mergers and acquisitions (M&A) refers to the consolidation of companies or their major business assets through financial transactions between companies. https://irp.cdn-website.com/d03c036c/dms3rep/multi/M-A.jpg https://www.meuinvestors.com https://www.meuinvestors.com/technology/2022/nov/08/binance-to-buy-ftx-in-major-cryptocurrency-exchange-merger Public squabble between the two largest offshore exchanges’ bosses led to run on FTX and forced saleThe two largest offshore cryptocurrency exchanges are merging, after a week of public squabbling between Binance’s chief executive, Changpeng Zhao, and FTX’s boss, Sam Bankman-Fried, triggered a bank run at the latter’s exchange and an embarrassing forced sale on Tuesday.“This afternoon, FTX asked for our help,” tweeted Zhao. “There is a significant liquidity crunch. To protect users, we signed a non-binding [letter of intent], intending to fully acquire FTX.com.” Continue reading... <div> <img src="https://irp.cdn-website.com/d03c036c/dms3rep/multi/Binance+to+buy+FTX.webp" alt=""/> </div> <div data-rss-type="text"> <p> Public squabble between the two largest offshore exchanges’ bosses led to run on FTX and forced sale </p> </div> <div data-rss-type="text"> <p> The two largest offshore cryptocurrency exchanges are merging, after a week of public squabbling between Binance’s chief executive, Changpeng Zhao, and FTX’s boss, Sam Bankman-Fried, triggered a bank run at the latter’s exchange and an embarrassing forced sale on Tuesday. </p> </div> <div data-rss-type="text"> <p> “This afternoon, FTX asked for our help,” tweeted Zhao. “There is a significant liquidity crunch. To protect users, we signed a non-binding [letter of intent], intending to fully acquire FTX.com.” </p> </div> <div data-rss-type="text"> <p> <a href="/technology/2022/nov/08/binance-to-buy-ftx-in-major-cryptocurrency-exchange-merger"> Continue reading... </a> </p> </div> Tue, 08 Nov 2022 18:13:00 GMT https://www.meuinvestors.com/technology/2022/nov/08/binance-to-buy-ftx-in-major-cryptocurrency-exchange-merger https://www.meuinvestors.com/commentisfree/2022/nov/04/the-guardian-view-on-the-book-publishing-industry-no-one-size-fits-all The failure of a recent bid to merge two large publishing companies shines a light on a central issue of cultural powerDespite a rise in self-publishing, commercial publishers are still the main gatekeepers of what arrives on our bookshelves. As such, they have great cultural and – if a book takes off – economic power. A case decided in a US court this week provided an insight into just how much of that power is now concentrated in a small handful of multinational companies.At issue was a planned merger of Simon & Schuster with Penguin Random House (PRH) – two of the so-called big five, which between them control 90% of the US publishing market, a fact not always obvious to the casual observer, as books usually carry on their spines the names of imprints, or subdivisions, of the parent company. PRH, itself the result of a mega-merger in 2013, runs about 300 imprints. Given the reach of these companies – PRH is active in more than 20 countries – the Department of Justice’s successful argument that the planned $2.2bn deal would “exert outsized influence over which books are published in the United States and how much authors are paid for their work” applies globally. Continue reading... <div> <img src="https://irp.cdn-website.com/d03c036c/dms3rep/multi/concentrated+in+a+small+handful+of+multinational+companies..webp" alt=""/> </div> <div data-rss-type="text"> <p> The failure of a recent bid to merge two large publishing companies shines a light on a central issue of cultural power </p> </div> <div data-rss-type="text"> <p> Despite a <a href="https://www.forbes.com/sites/bernhardschroeder/2019/10/30/while-26-billion-publishing-industry-is-flat-this-vertical-segment-is-exploding-leverage-these-insights-to-ride-the-wave/"> rise in self-publishing </a> , commercial publishers are still the main gatekeepers of what arrives on our bookshelves. As such, they have great cultural and – if a book takes off – economic power. A case decided in a US court this week provided an insight into just how much of that power <a href="https://www.publishersweekly.com/pw/by-topic/industry-news/publisher-news/article/89038-over-the-past-25-years-the-big-publishers-got-bigger-and-fewer.html"> is now concentrated </a> in a small handful of multinational companies. </p> </div> <div data-rss-type="text"> <p> At issue was a planned merger of Simon &amp; Schuster with Penguin Random House (PRH) – two of the so-called big five, which between them <a href="https://www.theguardian.com/books/2022/oct/31/penguin-random-house-simon-schuster-merger-blocked"> control 90% of the US publishing market </a> , a fact not always obvious to the casual observer, as books usually carry on their spines the names of imprints, or subdivisions, of the parent company. PRH, itself the result <a href="https://www.theguardian.com/books/2013/jul/28/penguin-random-house-merger-reactions"> of a mega-merger </a> in 2013, runs about <a href="https://www.penguinrandomhouse.com/imprints"> 300 imprints </a> . Given the reach of these companies – PRH is <a href="https://www.penguinrandomhouse.com/about-us/our-story/"> active in more than 20 countries </a> – the Department of Justice’s successful argument that the planned $2.2bn deal would “exert outsized influence over which books are published in the United States and how much authors are paid for their work” applies globally. </p> </div> <div data-rss-type="text"> <p> <a href="/commentisfree/2022/nov/04/the-guardian-view-on-the-book-publishing-industry-no-one-size-fits-all"> Continue reading... </a> </p> </div> Fri, 04 Nov 2022 18:25:00 GMT https://www.meuinvestors.com/commentisfree/2022/nov/04/the-guardian-view-on-the-book-publishing-industry-no-one-size-fits-all https://www.meuinvestors.com/technology/2022/oct/30/twitter-trolls-bombard-platform-after-elon-musk-takeover Platform says 300 accounts carried out 50,000-plus tweets in ‘organised effort to make users think firm has changed content policy’Banned British far-right figures return within hours of takeoverHeaven or hellscape – what will Musk’s Twitter look like?Fears raised over disinformation and hate speechTwitter has been hit by a coordinated trolling campaign in the wake of Elon Musk’s takeover, with more than 50,000 tweets from 300 accounts bombarding the platform with hateful content.The social media platform said it has been targeted with an attempt to make users think Twitter has dropped or weakened its content policies after the world’s richest man bought the company for $44bn (£38bn) last week. Continue reading... <div> <img src="https://irp.cdn-website.com/d03c036c/dms3rep/multi/Elon+Musk-s+platform+must+-fly+by+our+rules-+as+UK+minister+raises+concerns+over+content+moderation.webp" alt=""/> </div> <div data-rss-type="text"> <p> Platform says 300 accounts carried out 50,000-plus tweets in ‘organised effort to make users think firm has changed content policy’ </p> </div> <div data-rss-type="text"> <p> Twitter has been hit by a coordinated trolling campaign in the wake of Elon Musk’s takeover, with more than 50,000 tweets from 300 accounts bombarding the platform with hateful content. </p> </div> <div data-rss-type="text"> <p> The social media platform said it has been targeted with an attempt to make users think Twitter has dropped or weakened its content policies after the world’s richest man <a href="/technology/2022/oct/28/elon-musk-twitter-hate-speech-concerns-stock-exchange-deal"> bought the company for $44bn (£38bn) last week </a> . </p> </div> <div data-rss-type="text"> <p> <a href="/technology/2022/oct/30/twitter-trolls-bombard-platform-after-elon-musk-takeover"> Continue reading... </a> </p> </div> Sun, 30 Oct 2022 10:54:00 GMT https://www.meuinvestors.com/technology/2022/oct/30/twitter-trolls-bombard-platform-after-elon-musk-takeover https://www.meuinvestors.com/business/2022/oct/30/twitter-deal-may-signal-turning-point-when-the-everything-bubble-bursts China’s property meltdown, the unwinding of QE and the tech stock plunge all show a fragile global financial ecosystem under stressThere’s always one deal that symbolises the end of an era. In the early 2000s AOL’s merger with Time Warner served notice that the dot-com boom was over. Royal Bank of Scotland’s over-priced takeover of ABN Amro was followed by the global financial crisis of 2008-09. The question now is whether Elon Musk’s purchase of Twitter will be seen as the moment the global economy tipped into recession.The signs are not promising. Even before Musk sealed the deal, tech stocks had seen a sharp sell-off. The stock market value of Meta, the parent of Facebook, fell by $80bn on Thursday after Mark Zuckerberg’s company announced a 50% drop in third-quarter profits. The reason was simple: advertisers are reining in spending in response to slowing global growth. Continue reading... <div> <img src="https://irp.cdn-website.com/d03c036c/dms3rep/multi/-everything+bubble-+bursts.webp" alt=""/> </div> <div data-rss-type="text"> <p> China’s <a href="https://www.theguardian.com/business/2022/sep/25/china-property-bubble-evergrande-group"> property meltdown </a> , the unwinding of QE and the tech stock plunge all show a fragile global financial ecosystem under stress </p> </div> <div data-rss-type="text"> <p> There’s always one deal that symbolises the end of an era. In the early 2000s AOL’s merger with Time Warner served notice that <a href="https://www.theguardian.com/technology/2000/dec/30/internetnews.business"> the dot-com boom was over </a> . Royal Bank of Scotland’s <a href="https://www.theguardian.com/business/nils-pratley-on-finance/2011/dec/12/what-rbs-board-thinking-abn-amro"> over-priced takeover of ABN Amro </a> was followed by the global financial crisis of 2008-09. The question now is whether Elon Musk’s <a href="/technology/2022/oct/28/elon-musk-twitter-hate-speech-concerns-stock-exchange-deal"> purchase of Twitter </a> will be seen as the moment the global economy tipped into recession. </p> </div> <div data-rss-type="text"> <p> The signs are not promising. Even before Musk sealed the deal, tech stocks had seen a sharp sell-off. The stock market value of Meta, the parent of Facebook, <a href="https://www.theguardian.com/technology/2022/oct/26/meta-earnings-report-facebook-stocks"> fell by $80bn on Thursday </a> after Mark Zuckerberg’s company announced a 50% drop in third-quarter profits. The reason was simple: advertisers are reining in spending in response to slowing global growth. </p> </div> <div data-rss-type="text"> <p> <a href="/business/2022/oct/30/twitter-deal-may-signal-turning-point-when-the-everything-bubble-bursts"> Continue reading... </a> </p> </div> Sun, 30 Oct 2022 10:16:00 GMT https://www.meuinvestors.com/business/2022/oct/30/twitter-deal-may-signal-turning-point-when-the-everything-bubble-bursts https://www.meuinvestors.com/technology/2022/oct/28/twitter-takeover-fears-raised-over-disinformation-and-hate-speech EU commissioner says Elon Musk’s platform must ‘fly by our rules’ as UK minister raises concerns over content moderation Elon Musk’s Twitter acquisition has been polarizing, sparking reactions from politicians, regulators and non-profits across different continents.Some have expressed concerns about potential changes to Twitter’s content moderation policies now that it’s in the hands of the Tesla billionaire, while others celebrated how they expect the platform’s newly minted leader will handle content and speech on Twitter. Continue reading... <div> <img src="https://irp.cdn-website.com/d03c036c/dms3rep/multi/Elon+Musk-s+platform+must+-fly+by+our+rules-+as+UK+minister+raises+concerns+over+content+moderation.webp" alt=""/> </div> <div data-rss-type="text"> <p> EU commissioner says Elon Musk’s platform must ‘fly by our rules’ as UK minister raises concerns over content moderation </p> </div> <div data-rss-type="text"> <p> Elon Musk’s Twitter acquisition has been polarizing, sparking reactions from politicians, regulators and non-profits across different continents. </p> </div> <div data-rss-type="text"> <p> Some have expressed concerns about potential changes to Twitter’s content moderation policies now that it’s in the hands of the Tesla billionaire, while others celebrated how they expect the platform’s newly minted leader will handle content and speech on Twitter. </p> </div> <div data-rss-type="text"> <p> <a href="/technology/2022/oct/28/twitter-takeover-fears-raised-over-disinformation-and-hate-speech"> Continue reading... </a> </p> </div> Fri, 28 Oct 2022 20:10:00 GMT https://www.meuinvestors.com/technology/2022/oct/28/twitter-takeover-fears-raised-over-disinformation-and-hate-speech https://www.meuinvestors.com/business/2022/oct/28/twitter-bosses-120m-dollars-payout-elon-musk Compensation for fired executives adds to already hefty bill for Elon Musk’s debt-funded takeoverMusk completes Twitter takeover and ‘fires top executives’Shares taken off stock exchange after Musk seals takeoverFears raised over disinformation and hate speechTwitter’s top executives will be entitled to “golden parachute” payouts worth more than $120m if removed as expected by the company’s new owner, Elon Musk.Musk reportedly immediately removed the chief executive, Parag Agrawal, finance boss Ned Segal, and Vijaya Gadde, the head of legal, policy and safety, after closing the $44bn takeover of the social network company. Continue reading... <div> <img src="https://irp.cdn-website.com/d03c036c/dms3rep/multi/Twitter+bosses+entitled+to+-120m.webp" alt=""/> </div> <div data-rss-type="text"> <p> Compensation for fired executives adds to already hefty bill for Elon Musk’s debt-funded takeover </p> </div> <div data-rss-type="text"> <p> </p> </div> <div data-rss-type="text"> <p> Twitter’s top executives will be entitled to “golden parachute” payouts worth more than $120m if removed as expected by the company’s new owner, Elon Musk. </p> </div> <div data-rss-type="text"> <p> Musk reportedly immediately removed the chief executive, Parag Agrawal, finance boss Ned Segal, and Vijaya Gadde, the head of legal, policy and safety, after <a href="/technology/2022/oct/27/elon-musk-completes-twitter-takeover"> closing the $44bn takeover of the social network company </a> . </p> </div> <div data-rss-type="text"> <p> <a href="/business/2022/oct/28/twitter-bosses-120m-dollars-payout-elon-musk"> Continue reading... </a> </p> </div> Fri, 28 Oct 2022 16:33:00 GMT https://www.meuinvestors.com/business/2022/oct/28/twitter-bosses-120m-dollars-payout-elon-musk https://www.meuinvestors.com/technology/2022/oct/28/elon-musk-twitter-hate-speech-concerns-stock-exchange-deal Shares delisted and top execs reportedly fired as world’s richest man closes deal to buy social media platformThe world’s richest man, Elon Musk, has completed his $44bn acquisition of Twitter, amid warnings from politicians and campaigners that hate speech on the platform must be held in check.The social media group confirmed the deal in a brief filing on the New York Stock Exchange on Friday morning, disclosing the deal had closed the day before. Shares in the company have been suspended and will delist on 8 November, capping a chaotic saga that began when the Tesla CEO first announced his plans to take the tech business private in April. Continue reading... <div> <img src="https://irp.cdn-website.com/d03c036c/dms3rep/multi/Elon+Musk+completes+Twitter+takeover+amid+hate+speech+concerns.webp" alt=""/> </div> <div data-rss-type="text"> <p> Shares delisted and top execs reportedly fired as world’s richest man closes deal to buy social media platform </p> </div> <div data-rss-type="text"> <p> The world’s richest man, Elon Musk, has completed his $44bn acquisition of Twitter, amid warnings from politicians and campaigners that hate speech on the platform must be held in check. </p> </div> <div data-rss-type="text"> <p> The social media group confirmed the deal in a brief filing on the New York Stock Exchange on Friday morning, disclosing the <a href="https://www.sec.gov/Archives/edgar/data/876661/000087666122000890/ruleprovisionnotice.htm"> deal had closed </a> the day before. Shares in the company have been suspended and will delist on 8 November, capping a chaotic saga that began when the Tesla CEO first announced his plans to take the tech business private in April. </p> </div> <div data-rss-type="text"> <p> <a href="/technology/2022/oct/28/elon-musk-twitter-hate-speech-concerns-stock-exchange-deal"> Continue reading... </a> </p> </div> Fri, 28 Oct 2022 16:25:00 GMT https://www.meuinvestors.com/technology/2022/oct/28/elon-musk-twitter-hate-speech-concerns-stock-exchange-deal https://www.meuinvestors.com/technology/2022/oct/27/elon-musk-completes-twitter-takeover The $44bn deal will give world’s richest man control of social media platform with more than 230m usersElon Musk has completed his $44bn takeover of Twitter, taking control of the company and reportedly firing several top executives, including the chief executive, Parag Agrawal.The world’s richest man tweeted “the bird is freed”, in a reference to Twitter’s corporate logo, just hours before a court-ordered deadline to buy the business expired. Continue reading... <div> <img src="https://irp.cdn-website.com/d03c036c/dms3rep/multi/Elon+Musk+-fires+top+executives-.webp" alt=""/> </div> <div data-rss-type="text"> <p> The $44bn deal will give world’s richest man control of social media platform with more than 230m users </p> </div> <div data-rss-type="text"> <p> Elon Musk has completed his $44bn takeover of Twitter, taking control of the company and reportedly firing several top executives, including the chief executive, Parag Agrawal. </p> </div> <div data-rss-type="text"> <p> The world’s richest man tweeted “the bird is freed”, in a reference to Twitter’s corporate logo, just hours before <a href="https://www.theguardian.com/technology/2022/oct/06/elon-musk-twitter-litigation-takeover"> a court-ordered deadline </a> to buy the business expired. </p> </div> <div data-rss-type="text"> <p> <a href="/technology/2022/oct/27/elon-musk-completes-twitter-takeover"> Continue reading... </a> </p> </div> Fri, 28 Oct 2022 08:40:00 GMT https://www.meuinvestors.com/technology/2022/oct/27/elon-musk-completes-twitter-takeover https://www.meuinvestors.com/technology/2022/oct/27/elon-musk-twitter-advertisers-donald-trump Tweet comes as advertisers fear one of his first moves as chief will be to restore Donald Trump’s accountElon Musk has claimed he has “acquired Twitter” in a post to the social network reassuring advertisers it will stay a safe place for their brands, amid fears one of his first actions as chief executive will be to restore Donald Trump’s account.After months of uncertainty over whether or not his $44bn acquisition of the social media platform would go through, the Tesla chief executive’s post is the strongest acknowledgment yet that the deal is expected to be sealed before its deadline of 5pm in Delaware on Friday. Continue reading... <div> <img src="https://irp.cdn-website.com/d03c036c/dms3rep/multi/Elon+Musk+acquired+Twitter.webp" alt=""/> </div> <div data-rss-type="text"> <p> Tweet comes as advertisers fear one of his first moves as chief will be to restore Donald Trump’s account </p> </div> <div data-rss-type="text"> <p> Elon Musk has claimed he has “acquired Twitter” in a post to the social network reassuring advertisers it will stay a safe place for their brands, amid fears one of his first actions as chief executive will be to restore Donald Trump’s account. </p> </div> <div data-rss-type="text"> <p> After months of uncertainty over <a href="https://www.theguardian.com/technology/2022/oct/23/elon-musk-twitter-saga-could-draw-to-end-as-deadline-looms"> whether or not his $44bn acquisition of the social media platform would go through </a> , the Tesla chief executive’s post is the strongest acknowledgment yet that the deal is expected to be sealed before its deadline of 5pm in Delaware on Friday. </p> </div> <div data-rss-type="text"> <p> <a href="/technology/2022/oct/27/elon-musk-twitter-advertisers-donald-trump"> Continue reading... </a> </p> </div> Thu, 27 Oct 2022 15:46:00 GMT https://www.meuinvestors.com/technology/2022/oct/27/elon-musk-twitter-advertisers-donald-trump https://www.meuinvestors.com/media/2022/oct/21/murdochs-succession-who-wins-from-move-to-reunite-fox-and-news-corp Deal would seal legacy with favoured heirs, but markets question whether companies should merge in the first placeThis week’s 200th anniversary soiree for the Sunday Times gathered some of the biggest names in media at the headquarters of the British Academy of Film and Television Arts in London’s Piccadilly to celebrate one of the jewels of Rupert Murdoch’s empire.But talk of famous front pages and scoops among guests at Monday night’s event, where the attendees included News Corp boss Robert Thomson and News UK chief Rebekah Brooks, was overshadowed by the news that broke three days earlier: the mogul’s plan to reunify his media empire. Continue reading... <div> <img src="https://irp.cdn-website.com/d03c036c/dms3rep/multi/Rupert+Murdoch+and+eldest+son+Lachlan.webp" alt=""/> </div> <div data-rss-type="text"> <p> Deal would seal legacy with favoured heirs, but markets question whether companies should merge in the first place </p> </div> <div data-rss-type="text"> <p> This week’s 200th anniversary soiree for the Sunday Times gathered some of the biggest names in media at the headquarters of the British Academy of Film and Television Arts in London’s Piccadilly to celebrate one of the jewels of Rupert Murdoch’s empire. </p> </div> <div data-rss-type="text"> <p> But talk of famous front pages and scoops among guests at Monday night’s event, where the attendees included News Corp boss Robert Thomson and News UK chief Rebekah Brooks, was overshadowed by <a href="https://www.theguardian.com/media/2022/oct/14/rupert-murdoch-possible-fox-news-corp-merger"> the news that broke three days earlier: </a> the mogul’s plan to reunify his media empire. </p> </div> <div data-rss-type="text"> <p> <a href="/media/2022/oct/21/murdochs-succession-who-wins-from-move-to-reunite-fox-and-news-corp"> Continue reading... </a> </p> </div> Fri, 21 Oct 2022 14:56:00 GMT https://www.meuinvestors.com/media/2022/oct/21/murdochs-succession-who-wins-from-move-to-reunite-fox-and-news-corp https://www.meuinvestors.com/business/2022/oct/17/eve-sleep-calls-in-administrators-madecom-rescue-deal Bensons hopes move will widen appeal to younger customers as Eve chief blames ‘economic tsunami’ for demiseBensons for Beds has bought Eve Sleep hours after the online mattress specialist called in administrators, having succumbed to what its chief executive described as an “economic tsunami”.Bensons, which has 166 stores and is owned by the private equity group Alteri Investors, said it had bought the website, brand and other related assets of Eve, including its creative content, in an attempt to widen its appeal to a younger customer. Continue reading... <div> <img src="https://irp.cdn-website.com/d03c036c/dms3rep/multi/Bensons+for+Beds.webp" alt=""/> </div> <div data-rss-type="text"> <p> Bensons hopes move will widen appeal to younger customers as Eve chief blames ‘economic tsunami’ for demise </p> </div> <div data-rss-type="text"> <p> Bensons for Beds has bought Eve Sleep hours after the online mattress specialist called in administrators, having succumbed to what its chief executive described as an “economic tsunami”. </p> </div> <div data-rss-type="text"> <p> Bensons, which has 166 stores and is owned by the private equity group Alteri Investors, said it had bought the website, brand and other related assets of Eve, including its creative content, in an attempt to widen its appeal to a younger customer. </p> </div> <div data-rss-type="text"> <p> <a href="/business/2022/oct/17/eve-sleep-calls-in-administrators-madecom-rescue-deal"> Continue reading... </a> </p> </div> Mon, 17 Oct 2022 18:40:00 GMT https://www.meuinvestors.com/business/2022/oct/17/eve-sleep-calls-in-administrators-madecom-rescue-deal https://www.meuinvestors.com/technology/2022/oct/07/what-happens-now-twitter-elon-musk-deal-trial-delayed All you need to know about the latest developments in the twisting takeover sagaWhat Musk might do with Twitter if deal to buy it goes aheadThe legal fight between Twitter and Elon Musk over his failure to complete his agreed purchase of the company has been postponed after a judge granted the Tesla chief executive’s request for a delay.The social media platform and Musk, who this week U-turned on his decision to walk away from the deal, have until 28 October to close a transaction or else the case will be back on in Delaware in November. Continue reading... <div> <img src="https://irp.cdn-website.com/d03c036c/dms3rep/multi/Elon+Musk+-fires+top+executives-.webp" alt=""/> </div> <div data-rss-type="text"> <p> All you need to know about the latest developments in the twisting takeover saga </p> </div> <div data-rss-type="text"> <p> The legal fight between Twitter and Elon Musk over his failure to complete his agreed purchase of the company <a href="https://www.theguardian.com/technology/2022/oct/06/elon-musk-twitter-litigation-takeover"> has been postponed </a> after a judge granted the Tesla chief executive’s request for a delay. </p> </div> <div data-rss-type="text"> <p> The social media platform and Musk, who <a href="/technology/2022/oct/04/twitter-shares-halted-amid-reports-elon-musk-to-go-ahead-with-44bn-buyout"> this week U-turned on his decision to walk away from the deal </a> , have until 28 October to close a transaction or else the case will be back on in Delaware in November. </p> </div> <div data-rss-type="text"> <p> <a href="/technology/2022/oct/07/what-happens-now-twitter-elon-musk-deal-trial-delayed"> Continue reading... </a> </p> </div> Fri, 07 Oct 2022 10:56:00 GMT https://www.meuinvestors.com/technology/2022/oct/07/what-happens-now-twitter-elon-musk-deal-trial-delayed https://www.meuinvestors.com/business/2022/oct/06/viasat-inmarsat-merger-may-lead-lower-quality-onboard-wifi-uk-watchdog Competition and Markets Authority says other operators may not be able to compete after merger of Inmarsat and ViasatThe $7.3bn (£5.4bn) takeover of the British satellite company Inmarsat by its US rival Viasat could result in higher-priced and lower-quality wifi for aeroplane passengers, according to the UK competition watchdog.The Competition and Markets Authority said its investigation has identified concerns with the merger possibly leading to airlines being offered lower-quality products for onboard wifi and facing higher prices to deliver it. Continue reading... <div> <img src="https://irp.cdn-website.com/d03c036c/dms3rep/multi/Viasat.webp" alt=""/> </div> <div data-rss-type="text"> <p> Competition and Markets Authority says other operators may not be able to compete after merger of Inmarsat and Viasat </p> </div> <div data-rss-type="text"> <p> The <a href="https://www.theguardian.com/business/2021/nov/08/uk-satellite-firm-inmarsat-agrees-73bn-takeover-by-us-rival-viasat"> $7.3bn (£5.4bn) takeover </a> of the British satellite company Inmarsat by its US rival Viasat could result in higher-priced and lower-quality wifi for aeroplane passengers, according to the UK competition watchdog. </p> </div> <div data-rss-type="text"> <p> The Competition and Markets Authority said its investigation has identified concerns with the merger possibly leading to airlines being offered lower-quality products for onboard wifi and facing higher prices to deliver it. </p> </div> <div data-rss-type="text"> <p> <a href="/business/2022/oct/06/viasat-inmarsat-merger-may-lead-lower-quality-onboard-wifi-uk-watchdog"> Continue reading... </a> </p> </div> Thu, 06 Oct 2022 15:57:00 GMT https://www.meuinvestors.com/business/2022/oct/06/viasat-inmarsat-merger-may-lead-lower-quality-onboard-wifi-uk-watchdog https://www.meuinvestors.com/technology/2022/oct/06/twitter-elon-musk-takeover-deal-delaware-trial-what-happens-next The Delaware trial that the social media firm brought is still due to proceed despite Musk’s latest U-turnThe judge presiding over the Twitter v Elon Musk trial in Delaware says the case will go ahead on 17 October because neither side has asked for a postponement yet.This is despite the Tesla chief executive offering this week to buy the business on the terms agreed in April at the $44bn (£39bn) price, performing a U-turn on his July decision to walk away. Continue reading... <div> <img src="https://irp.cdn-website.com/d03c036c/dms3rep/multi/Twitter+v+Elon+Musk.webp" alt=""/> </div> <div data-rss-type="text"> <p> The Delaware trial that the social media firm brought is still due to proceed despite Musk’s latest U-turn </p> </div> <div data-rss-type="text"> <p> The judge presiding over the Twitter v Elon Musk trial in Delaware says the case <a href="https://www.theguardian.com/technology/2022/oct/05/twitter-v-musk-trial-still-on"> will go ahead on 17 October </a> because neither side has asked for a postponement yet. </p> </div> <div data-rss-type="text"> <p> This is despite the Tesla chief executive <a href="/technology/2022/oct/04/twitter-shares-halted-amid-reports-elon-musk-to-go-ahead-with-44bn-buyout"> offering this week </a> to buy the business on the terms agreed in April at the $44bn (£39bn) price, performing a U-turn on his <a href="https://www.theguardian.com/technology/2022/jul/08/elon-musk-buy-twitter-withdraw"> July decision </a> to walk away. </p> </div> <div data-rss-type="text"> <p> <a href="/technology/2022/oct/06/twitter-elon-musk-takeover-deal-delaware-trial-what-happens-next"> Continue reading... </a> </p> </div> Thu, 06 Oct 2022 11:04:00 GMT https://www.meuinvestors.com/technology/2022/oct/06/twitter-elon-musk-takeover-deal-delaware-trial-what-happens-next https://www.meuinvestors.com/business/nils-pratley-on-finance/2022/oct/05/twitters-board-deserves-credit-for-elon-musks-u-turn By sticking to its guns the firm has defended the principle that bidders should do what they’ve agreed to doBuying Twitter “is an accelerant to creating X, the everything app”, said Elon Musk by way of a non-explanation of why he was now prepared to do the deal he was desperately trying to escape. One must conclude he judged his legal case to be doomed before it had even reached a Delaware courtroom.That assumes, of course, that the latest plot-twist is not another wheeze to play for time. Twitter’s board sensibly signalled it wanted to nail down every detail of Musk’s latest offer to proceed on April’s agreed $44bn (£39bn) terms. Quite right: don’t leave an inch of wriggle room. Continue reading... <div> <img src="https://irp.cdn-website.com/d03c036c/dms3rep/multi/Twitter-s+board.webp" alt=""/> </div> <div data-rss-type="text"> <p> By sticking to its guns the firm has defended the principle that bidders should do what they’ve agreed to do </p> </div> <div data-rss-type="text"> <p> Buying Twitter “is an accelerant to creating X, the everything app”, said Elon Musk by way of a non-explanation of why he was now <a href="/technology/2022/oct/04/twitter-shares-halted-amid-reports-elon-musk-to-go-ahead-with-44bn-buyout"> prepared to do the deal </a> he was desperately trying to escape. One must conclude he judged his legal case to be doomed before it had even reached a Delaware courtroom. </p> </div> <div data-rss-type="text"> <p> That assumes, of course, that the latest plot-twist is not another wheeze to play for time. Twitter’s board sensibly signalled it wanted to nail down every detail of Musk’s latest offer to proceed on April’s agreed $44bn (£39bn) terms. Quite right: don’t leave an inch of wriggle room. </p> </div> <div data-rss-type="text"> <p> <a href="/business/nils-pratley-on-finance/2022/oct/05/twitters-board-deserves-credit-for-elon-musks-u-turn"> Continue reading... </a> </p> </div> Wed, 05 Oct 2022 19:42:00 GMT https://www.meuinvestors.com/business/nils-pratley-on-finance/2022/oct/05/twitters-board-deserves-credit-for-elon-musks-u-turn https://www.meuinvestors.com/technology/2022/oct/04/elon-musk-twitter-deal-least-bad-option-analysis Elon Musk will proceed with the $44bn buyout of Twitter, but a bumpy road still lies ahead for the companyElon Musk was always going to struggle to win in Delaware. He had signed a binding agreement to buy Twitter for $44bn and to make his “reasonable best efforts” to complete the deal. Saying he didn’t want to buy it any more wasn’t going to work in Delaware, the state where Twitter is incorporated and one that carries a reputation for making sure agreed company transactions happen.And so it appears that Musk has chosen the least bad option, which is going ahead with the deal before spending millions more dollars trying to convince a judge that he should be allowed to walk away even though he had no grounds to do so. Continue reading... <div> <img src="https://irp.cdn-website.com/d03c036c/dms3rep/multi/Elon+Musk+twitter+deal.webp" alt=""/> </div> <div data-rss-type="text"> <p> Elon Musk will proceed with the $44bn buyout of Twitter, but a bumpy road still lies ahead for the company </p> </div> <div data-rss-type="text"> <p> Elon Musk was always going to struggle to win in Delaware. He had signed a binding agreement to buy Twitter for $44bn and to make his “reasonable best efforts” to complete the deal. Saying he didn’t want to buy it any more wasn’t going to work in Delaware, the state where Twitter is incorporated and one that carries a reputation for making sure agreed company transactions happen. </p> </div> <div data-rss-type="text"> <p> And so it appears that Musk has <a href="/technology/2022/oct/04/twitter-shares-halted-amid-reports-elon-musk-to-go-ahead-with-44bn-buyout"> chosen the least bad option </a> , which is going ahead with the deal before spending millions more dollars trying to convince a judge that he should be allowed to walk away even though he had no grounds to do so. </p> </div> <div data-rss-type="text"> <p> <a href="/technology/2022/oct/04/elon-musk-twitter-deal-least-bad-option-analysis"> Continue reading... </a> </p> </div> Wed, 05 Oct 2022 00:43:00 GMT https://www.meuinvestors.com/technology/2022/oct/04/elon-musk-twitter-deal-least-bad-option-analysis https://www.meuinvestors.com/technology/2022/oct/04/twitter-shares-halted-amid-reports-elon-musk-to-go-ahead-with-44bn-buyout Tesla chief executive had been set for court showdown after attempting to scrap dealElon Musk has offered to complete his proposed $44bn (£38bn) acquisition of Twitter in a dramatic U-turn on his decision to walk away from the deal.Lawyers for Musk confirmed in a court filing on Tuesday that the world’s richest man is prepared to push ahead with the transaction on the agreed terms following months of legal drama. Continue reading... <div> <img src="https://irp.cdn-website.com/d03c036c/dms3rep/multi/Elon+Musk.webp" alt=""/> </div> <div data-rss-type="text"> <p> Tesla chief executive had been set for court showdown after attempting to scrap deal </p> </div> <div data-rss-type="text"> <p> Elon Musk has offered to complete his proposed $44bn (£38bn) acquisition of Twitter in a dramatic U-turn on <a href="https://www.theguardian.com/technology/2022/jul/10/can-elon-musk-really-walk-away-from-44bn-twitter-takeover"> his decision to walk away from the deal </a> . </p> </div> <div data-rss-type="text"> <p> Lawyers for Musk confirmed in a court filing on Tuesday that the world’s richest man is prepared to push ahead with the transaction on the agreed terms following months of legal drama. </p> </div> <div data-rss-type="text"> <p> <a href="/technology/2022/oct/04/twitter-shares-halted-amid-reports-elon-musk-to-go-ahead-with-44bn-buyout"> Continue reading... </a> </p> </div> Tue, 04 Oct 2022 19:42:00 GMT https://www.meuinvestors.com/technology/2022/oct/04/twitter-shares-halted-amid-reports-elon-musk-to-go-ahead-with-44bn-buyout https://www.meuinvestors.com/business/2022/sep/27/bumper-city-bonuses-takeover-frenzy-pound-hits-record-low UK firms now temptingly cheaper, with a ‘wave of bids’ from overseas buyers meaning payouts for bankersBankers could rake in bumper bonuses from a “wave of bids” by overseas buyers for UK businesses made temptingly cheaper as a result of the plunge in the pound against the dollar. A fresh frenzy of merger and acquisition activity would mean a ramp-up in payouts for City dealmakers.Sterling fell by nearly 5% at one point on Monday to $1.0327, its lowest since Britain went decimal in 1971. The currency has fallen by more than a fifth against the dollar this year. Continue reading... <div> <img src="https://irp.cdn-website.com/d03c036c/dms3rep/multi/Bumper+City+bonuses.webp" alt=""/> </div> <div data-rss-type="text"> <p> UK firms now temptingly cheaper, with a ‘wave of bids’ from overseas buyers meaning payouts for bankers </p> </div> <div data-rss-type="text"> <p> Bankers could rake in bumper bonuses from a “wave of bids” by overseas buyers for UK businesses made temptingly cheaper as a result of the plunge in the pound against the dollar. A fresh frenzy of merger and acquisition activity would mean a ramp-up in payouts for City dealmakers. </p> </div> <div data-rss-type="text"> <p> Sterling fell by nearly 5% at one point on Monday to $1.0327, its lowest since Britain went decimal in 1971. The currency has fallen by more than a fifth against the dollar this year. </p> </div> <div data-rss-type="text"> <p> <a href="/business/2022/sep/27/bumper-city-bonuses-takeover-frenzy-pound-hits-record-low"> Continue reading... </a> </p> </div> Tue, 27 Sep 2022 05:00:00 GMT https://www.meuinvestors.com/business/2022/sep/27/bumper-city-bonuses-takeover-frenzy-pound-hits-record-low https://www.meuinvestors.com/business/2022/sep/21/french-billionaire-xavier-niel-buys-stake-in-vodafone-telecoms Investment vehicle of tech disruptor Xavier Niel cites chance to spur ‘streamlining’ of UK telecoms groupThe French telecoms billionaire Xavier Niel has acquired a 2.5% stake in Vodafone, citing opportunities to accelerate a “streamlining” of the London-listed group’s business.Niel, who founded the telecoms company Iliad, has taken the stake through his investment vehicle Atlas Investissement, which said it was “supportive of Vodafone’s publicly stated intention to pursue consolidation opportunities”. Continue reading... <div> <img src="https://irp.cdn-website.com/d03c036c/dms3rep/multi/Xavier+Niel.webp" alt=""/> </div> <div data-rss-type="text"> <p> Investment vehicle of tech disruptor Xavier Niel cites chance to spur ‘streamlining’ of UK telecoms group </p> </div> <div data-rss-type="text"> <p> The French telecoms billionaire Xavier Niel has acquired a 2.5% stake in Vodafone, citing opportunities to accelerate a “streamlining” of the London-listed group’s business. </p> </div> <div data-rss-type="text"> <p> Niel, who founded the telecoms company Iliad, has taken the stake through his investment vehicle Atlas Investissement, which said it was “supportive of Vodafone’s publicly stated intention to pursue consolidation opportunities”. </p> </div> <div data-rss-type="text"> <p> <a href="/business/2022/sep/21/french-billionaire-xavier-niel-buys-stake-in-vodafone-telecoms"> Continue reading... </a> </p> </div> Wed, 21 Sep 2022 15:25:00 GMT https://www.meuinvestors.com/business/2022/sep/21/french-billionaire-xavier-niel-buys-stake-in-vodafone-telecoms https://www.meuinvestors.com/business/2022/sep/20/harris-family-trusts-buys-butlins-for-300m Deal does not include Butlin’s property assets that were sold earlier this year to a private pension fundButlin’s has been bought by one of the holiday camp’s family backers for an estimated £300m.The seaside resort group, founded in 1936 in Skegness by Billy Butlin, includes sites in Minehead and Bognor Regis, which have played host to generations of entertainers. Recent bookings include Peppa Pig and Mister Maker to Peter Andre, Leo Sayer, Jason Donovan, Fatboy Slim and Sophie Ellis-Bextor. Continue reading... <div> <img src="https://irp.cdn-website.com/d03c036c/dms3rep/multi/Butlins.webp" alt=""/> </div> <div data-rss-type="text"> <p> Deal does not include Butlin’s property assets that were sold earlier this year to a private pension fund </p> </div> <div data-rss-type="text"> <p> Butlin’s has been bought by one of the holiday camp’s family backers for an estimated £300m. </p> </div> <div data-rss-type="text"> <p> The seaside resort group, founded in 1936 in Skegness by Billy Butlin, includes sites in Minehead and Bognor Regis, which have played host to generations of entertainers. Recent bookings include Peppa Pig and Mister Maker to Peter Andre, Leo Sayer, Jason Donovan, Fatboy Slim and Sophie Ellis-Bextor. </p> </div> <div data-rss-type="text"> <p> <a href="/business/2022/sep/20/harris-family-trusts-buys-butlins-for-300m"> Continue reading... </a> </p> </div> Tue, 20 Sep 2022 16:54:00 GMT https://www.meuinvestors.com/business/2022/sep/20/harris-family-trusts-buys-butlins-for-300m