Tag Archives: acquisition

Private equity firm Apollo Global Management this morning announced that it has completed its acquisition of Yahoo (formerly known as Verizon Media Group, itself formerly known as Oath) from Verizon. The deal is worth $5 billion, with $4.25 billion in cash, plus preferred interests of $750 million. Verizon will be retaining 10% of the newly rebranded company. “This is a new era for Yahoo,” Yahoo CEO (and former VZM head) Guru Gowrappan said in a release tied to the news. “The close of… Source link

In this photo illustration, a Verizon Media logo seen displayed on a smartphone. Igor Golovniov | SOPA Images | LightRocket | Getty Images Apollo Global Management is preparing to close its $5 billion acquisition of Verizon Media on Sept. 1, and the private equity firm is already causing consternation among existing executives at the company soon to be known as Yahoo. Apollo hasn’t informed Verizon Media leadership, including Chief Executive Guru Gowrappan, of their new roles at the company… Source link

Square’s (SQ) is acquisition of Australian buy now, pay later (BNPL) company Afterpay for $29 billion is an indication of a rapidly growing industry, according to one rival firm’s chief executive. “At this point of time, everything is about momentum, you may describe it almost like a land grab currently,” Klarna CEO Sebastian Siemiatkowski told Yahoo Finance Live (video above), later adding: “I think that there will be one or two more years of that before the market stabilizes slightly, and… Source link

[unable to retrieve full-text content]Yandex: Spotlight On Antitrust And Recent Acquisition  Seeking Alpha Source link

Moscow and Amsterdam, the Netherlands, July 16, 2021 – Yandex (NASDAQ and MOEX: YNDX), one of Europe’s largest internet companies and the leading search provider in Russia, today announced that it has completed acquisition of 100% of Acropol Bank. The transaction received an approval from the Central Bank of Russia on July 5, 2021. As previously disclosed, the total consideration amounted to approximately RUB 1.1 billion (appx. $14.7 million), of which… Source link

For years, Wear OS has been, at best, something of a dark horse among Google operating systems. It’s certainly not for lack of partnership or investment, but for whatever reason, the company has never really stuck the landing with its wearable operating system. It’s a category in which Apple has been utterly dominant for some time. Google has largely failed to chip away at that market, in spite of enlisting some of the biggest names in consumer electronics as partners. Figures from… Source link

Bloomberg HNA Group Assets Attract Interest From Fosun, JD.com (Bloomberg) — Fosun Group and an arm of JD.com Inc. are among suitors considering investing in domestic operations of HNA Group Co. as the indebted Chinese conglomerate is reorganized after being placed under government control, people with knowledge of the matter said.Ping An Insurance Group Co., Juneyao Airlines Co. and Air China Ltd. have also been studying HNA’s assets, the people said, asking not to be identified because… Source link

Bloomberg Shock and Tears: Behind Vanguard’s Retreat From China Market (Bloomberg) — Vanguard Group Inc. staff who dialed into a video call from their desks on the 40th floor of the Shanghai World Financial Center last month were expecting a morale-boosting speech from regional head Scott Conking on how the U.S. fund giant would tackle the Chinese market after years of preparation.Instead, Conking said the $7 trillion money manager was abandoning its push for a mutual fund license. The firm… Source link

EquityStory.RS, LLC-News: Yandex N.V. / Key word(s): Acquisition/Acquisition 29.04.2021 / 11:00 MSKThe issuer is solely responsible for the content of this announcement. Yandex Announces Acquisition of a Bank to Obtain a License Moscow and Amsterdam, the Netherlands, April 29, 2021 – Yandex (NASDAQ and MOEX: YNDX), one of Europe’s largest internet companies and the leading search provider in Russia, today announced that it has entered into an agreement to purchase 100% of Acropol Bank. The… Source link

NEW YORK, March 16, 2021 /PRNewswire/ — InterPrivate II Acquisition Corp. (NYSE: IPVA.U) (NYSE: IPVA) (NYSE: IPVA WS) (the “Company”) announced today that Susan L. Decker, Jeffrey Harris and Tracey Brophy Warson were appointed to the board of directors of the Company (the “Board”) on March 4, 2021, in connection with the Company’s initial public offering. Ms. Decker, Mr. Harris, and Ms. Warson are independent directors. InterPrivate II Acquisition Corp. is led by Chairman and CEO