March 12, 2014 8:29 am
According to people familiar with the process, Walt Disney Co. is currently negotiating over the purchase of the online-video producer, promoter and distributor Maker Studios in a deal estimated to about 500 million dollars. As reported by the Wall Street Journal, one of the people with knowledge of the matter revealed that the price of […]
Read moreMarch 11, 2014 2:36 pm
The luxury car manufacturer Audi AG, which is owned by Volkswagen AG, announced its forecasts of reaching higher sales in 2014. Audi also projected a steady growth in all regions of the world but it also warned that its revenue is expected to be influenced by both harsh climate regulation and investments made in new […]
Read moreMarch 11, 2014 10:18 am
According to people with knowledge of the process, Vivendi SA has asked both competing bidders for its Paris-located phone unit SFR – Bouygues SA and Altice SA – to submit their final offers by Wednesday. The company is also said to have provided them with a chance to improve the terms they have proposed. The […]
Read moreMarch 11, 2014 9:25 am
Mr. Masayoshi Son, President of SoftBank Corp. announced in a television interview that he would like to acquire T-Mobile US Inc. through his Sprint Corp. and intends start a “massive price war” in case the deal is approved by U.S. regulators. SoftBanks President also revealed that he would like implement infrastructure improvements in order to […]
Read moreMarch 11, 2014 8:43 am
McDonalds Corp., which is currently considered as the largest restaurant chain worldwide, announced a same-store sales drop for February 2014, which is its fourth consecutive month of declines. The sales were said to have decreased by 0.3% due to the recent pressure on the fast-food industry and in spite of the vigorous TV promotions released […]
Read moreMarch 11, 2014 7:36 am
eBay Inc. announced in a filing with the Securities and Exchange Commission in the U.S. that in 2013 the total compensation of its Chief Executive Officer John Donahoe was reduced by half due to failure to reach the companys financial targets and missing the expectations for “positioning relative to its competitors” at the beginning of […]
Read moreMarch 10, 2014 4:06 pm
Chiquita Brands International Inc. has reached an agreement over the acquisition of Fyffes Plc in an all-stock transaction, which is estimated to about 526 million dollars and is also expected to create the largest banana company in the world with annual revenue of almost 5 billion dollars. The new company is forecast to be able […]
Read moreMarch 10, 2014 2:07 pm
FMC Corp. is a diversified chemical company that offers innovative solutions, applications and market-leading products to agricultural, consumer and industrial manufacturers worldwide. The company announced that it plans to create two independent public companies by spinning off its agriculture and health-care and nutrition units. The agricultural unit of FMC Corp. was reported to have contributed […]
Read moreMarch 10, 2014 12:45 pm
According to a filing, Tencent Holdings Ltd, which is currently considered as the largest Internet company in Asia, has reached an agreement with the Chinese e-commerce website JD.com Inc. to acquire a 15% stake in it. This is considered a strategic move as Tencent Holdings Ltd tries to become more competitive in order to meet […]
Read moreMarch 10, 2014 10:29 am
Bouygues SA made an offer to Iliad SA to sell its mobile-phone network and some radio spectrum in a deal estimated to 1.8 billion euros (2.5 billion dollars). The company has been in talks with Vivendi SA over its largest mobile operator – SFR, which is said to be exactly the reason why it has […]
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