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Tag: Buyout

Trump ‘backs’ Microsoft buyout of TikTok after threat to ban Chinese video app

Trump ‘backs’ Microsoft buyout of TikTok after threat to ban Chinese video app

Technology
The Chinese-owned short-video app TikTok could be sold to Microsoft after an apparent change of mind by US President Donald Trump.On Friday, Mr Trump said he intended to ban TikTok from the US because of concerns about the data of American users and he appeared to dismiss the idea of a takeover by a US company. America has repeatedly warned of a security threat from Beijing and accused it of billions of dollars' worth of intellectual property theft. China has denied the claims. Image: TikTok says 100 million Americans use the app But following a discussion between Mr Trump and Microsoft chief executive Satya Nadella on Sunday, the tech giant said it had been given the go ahead to negotiate a complete buyout with TikTok's parent compan...
Steel pension fund in talks about £10.5bn buyout

Steel pension fund in talks about £10.5bn buyout

Business
By Mark Kleinman, City editor The trustees of the £10.5bn British Steel Pension Scheme (BSPS) are in secret talks to offload it two years after it was handed £550m to secure a rescue of the UK's biggest steel producer. Sky News has learnt that the BSPS board has kicked off discussions with a number of insurance giants about a blockbuster buyout of the scheme. The talks will determine the future responsibility for paying pensions to tens of thousands of c‎urrent and former workers at the vast Port Talbot steelworks in Wales.If successfully concluded, a deal would represent the biggest-ever transaction involving a corporate retirement fund, dwarfing a £4.6bn partial buy-in agreed by Rolls Royce Holdings and Legal & General earlier this month.The only...
The Hut Group value hits £4bn amid buyout interest

The Hut Group value hits £4bn amid buyout interest

Business
The Hut Grou‎p, the online beauty retailer which is one of Britain's fastest-growing technology companies, has rejected a string of investment and takeover offers valuing it at nearly £4bn. Sky News has learnt that the privately owned business, which ‎sold a stake last year at a £2.5bn price tag, has snubbed several approaches from strategic and financial buyers in the last few months.The decision to reject the proposals underlines the confidence of The Hut Group's management in its expansion ambitions, as well as the firepower already available on its balance sheet.This week, the company will announce that it has agreed to buy Acheson & Acheson, a beauty contract manufacturer and product developer, in a deal understood to be worth between £50m and...
There are big doubts about how Musk will pull off the Tesla buyout, but Morgan Stanley may have found a way

There are big doubts about how Musk will pull off the Tesla buyout, but Morgan Stanley may have found a way

Finance
Morgan Stanley is telling its clients there might a way to get funding for Elon Musk's plan to take Tesla private. "A Tesla LBO does not appear to be feasible, in our view, even with less than $ 10bn of incremental debt. However, if the decision is made to take the company private, an equity buyout (or EBO) may be a potentially viable option," analyst Adam Jonas said in a note to clients Friday. "We believe Tesla could consider an auction for its shares in the private equity market, financed by existing shareholders, new strategics, divestiture of valuable captive assets (Tesla autonomous/shared), and possibly some help from SpaceX." Tesla shar...
Why The Whole Foods Buyout Could Signify An Upheaval of the American Grocery Store

Why The Whole Foods Buyout Could Signify An Upheaval of the American Grocery Store

Health
This article originally appeared on CookingLight.com.In the great saga that is American retail, Amazon is by and far a disruptor – and we’ve seen the site that launched at the turn of the century as an online book retailer come full-circle with two brick-and-mortar bookstores in New York this year.And the next space to be disrupted? Food shopping.In what has been an expected move for some time now, Amazon announced this morning that it will add Whole Foods into its arsenal of consumer-centered properties for a whopping $ 13.7 billion. As part of the takeover, Whole Foods will remain in control of stores and the overall brand, with CEO John Mackey remaining at the helm of the grocery chain.But how long will Whole Foods, and its more than 430 grocery stores scattered through cities and subur...