Friday, July 29, 2016
Wednesday, July 27, 2016
Tuesday, July 26, 2016
Monday, July 25, 2016
Verizon Goes for the Core in Yahoo Purchase - transforming itself in the process
Verizon Communications has purchased Yahoo's operating business for 4.83 billion in cash.Yahoo Japan and Yahoo's stake in Alibaba Group Holding are excluded from the deal.Verizon had agreed to raise its bid last week.Believed to be strongly behind the move was Verizon AOL CEO and Chairman Tim Armstrong,who has long sought Yahoo for its digital advertising business-even before the Verizon offer came along.Verizon had made a major transformative move when it purchased AOL last year for 4.4 billion.*
By purchasing the assets,Verizon gains access to Yahoo's advertising technology tools,BrightRoll and Flurry,as well as its email,search and messenger platforms;and content such as Yahoo News and Yahoo Sports.Verizon is looking to enhance its mobile video and advertising portfolios so as to make up for the slowing wireless business now at a saturation point.They also want Yahoo's scale,which will then drive the company's audience from millions to billions.*
The remainder Yahoo will become a publicly traded holding company with a different name.It will keep its Alibaba Group Holding Ltd 15% stake and 35% of Yahoo Japan,plus its convertible notes and some minority investments.The new Yahoo will be permanently structured to hold these legacy assets.Yahoo had been pressured by activist investor Starboard Value LP to jettison the core business.*
On Verizon's side,its head of product innovation and new business,Marni Walden,will become CEO of the combined firm.*
Verizon Communications Inc (VZ),Yahoo Inc (YHOO)
By purchasing the assets,Verizon gains access to Yahoo's advertising technology tools,BrightRoll and Flurry,as well as its email,search and messenger platforms;and content such as Yahoo News and Yahoo Sports.Verizon is looking to enhance its mobile video and advertising portfolios so as to make up for the slowing wireless business now at a saturation point.They also want Yahoo's scale,which will then drive the company's audience from millions to billions.*
The remainder Yahoo will become a publicly traded holding company with a different name.It will keep its Alibaba Group Holding Ltd 15% stake and 35% of Yahoo Japan,plus its convertible notes and some minority investments.The new Yahoo will be permanently structured to hold these legacy assets.Yahoo had been pressured by activist investor Starboard Value LP to jettison the core business.*
On Verizon's side,its head of product innovation and new business,Marni Walden,will become CEO of the combined firm.*
Verizon Communications Inc (VZ),Yahoo Inc (YHOO)
Shop Talk:Vacation Time Once More
Dear Readers,
Now it's peak vacation season,and maybe you've headed out with the kids in the back seat asking if you're there yet;but at this blog,the labouring never stops.The news and videos just keep pouring through the symbolic letter slot in the door,and it has to be digested and put into the proper form for the readers.*
Won't you take a moment and click on an advert for our sponsors?It would help to make for a successful July at this publication founded in January 2007 if you do-and ensure that it adds even more years to it history.
Have a safe and successful rest of the summer.
Andrew Taylor
publisher
Now it's peak vacation season,and maybe you've headed out with the kids in the back seat asking if you're there yet;but at this blog,the labouring never stops.The news and videos just keep pouring through the symbolic letter slot in the door,and it has to be digested and put into the proper form for the readers.*
Won't you take a moment and click on an advert for our sponsors?It would help to make for a successful July at this publication founded in January 2007 if you do-and ensure that it adds even more years to it history.
Have a safe and successful rest of the summer.
Andrew Taylor
publisher
Saturday, July 23, 2016
Friday, July 22, 2016
Thursday, July 21, 2016
Tuesday, July 19, 2016
Monday, July 18, 2016
Saturday, July 16, 2016
Friday, July 15, 2016
Tuesday, July 12, 2016
Monday, July 11, 2016
Friday, July 8, 2016
Thursday, July 7, 2016
Tuesday, July 5, 2016
Monday, July 4, 2016
Merger of Middle East Banking Powerhouses
The National Bank of Abu Dhabi is set on merging with FGB (First Gulf Bank) to create a 175 billion dollar institution.It will be the biggest bank in the Middle East and North Africa.The combined bank will be larger than Germany's Deutsche Bank.*
Both banks are substantial holdings of the royal families of the UAE.The deal is the first big merger since Abu Dhabi made an effort to diversify away from oil and its declining value.The merger,involving a share swap,could result in a cost savings of about 30%.The mammoth transaction,resulting in the most sizeable lender in the Middle East,could spur more financial mergers and acquisitions in the region.*
Wisdom Tree Middle East Dividend Fund (GULF)
Both banks are substantial holdings of the royal families of the UAE.The deal is the first big merger since Abu Dhabi made an effort to diversify away from oil and its declining value.The merger,involving a share swap,could result in a cost savings of about 30%.The mammoth transaction,resulting in the most sizeable lender in the Middle East,could spur more financial mergers and acquisitions in the region.*
Wisdom Tree Middle East Dividend Fund (GULF)
Sunday, July 3, 2016
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