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Tag: Giants

WPP courts Chinese tech giants over $2.5bn deal

WPP courts Chinese tech giants over $2.5bn deal

Business
Alibaba Group and Tencent‎ Holdings, the two biggest names in China's technology industry, are in talks to buy a stake in the $ 2.5bn (£1.9bn) Chinese operations of WPP Group. Sky News can exclusively reveal that Alibaba, Tencent and China Media Capital Holdings (CMC) are in early-stage discussions about buying roughly 20% of WPP China.Sources said the negotiations, which could take several months to conclude, were expected to value the business at between $ 2bn (£1.52bn) and $ 2.5bn.Under the deal, WPP - which is hunting a successor to Sir Martin Sorrell, the 33-year company veteran ‎who stepped down in April following an investigation into his personal conduct - would pool its Chinese agency operations into a new holding company.The consortium compris...
Chinese and US tech giants go at it in emerging markets

Chinese and US tech giants go at it in emerging markets

Finance
TWO contests are under way in which titans holding billions in their thrall vie for global domination. One is unfolding on Russian football pitches and features the likes of Neymar and Harry Kane. The other is playing out on the smartphone screens of consumers in India, Indonesia, Brazil and other emerging economies. There, American online superstars such as Google, Facebook and Amazon are pitted against a Chinese dream team led by Alibaba and Tencent.The geopolitics of business means that the world’s biggest tech firms have swelled to combined market capitalisations of over $ 4trn without really going head to head. China blocked Google et al with its Great Firewall, preventing American firms (Apple is an obvious exception) from taking on Chinese rivals on the mainland. Chinese giant...
Web giants (and memes) saved from copyright law

Web giants (and memes) saved from copyright law

Technology
Web giants are breathing a sigh of relief following a vote against overhauling the EU's copyright law by MEPs. Google, Facebook and other tech firms would have been forced to share more of their revenues with publishers and artists had the copyright directive been passed.While those for the move, including Sir Paul McCartney, argued it would help musicians get paid fairly for their work, the directive had ignited controversy with campaigners, who warned it would lead to the creation of upload filters and the banning of memes on the internet. Image: Facebook and Google would have been affected by the overhaul The campaign against the directive focused on a particular provision, Article 13, saying online platforms would ...
Dead body found at home of New York Giants CB Janoris Jenkins

Dead body found at home of New York Giants CB Janoris Jenkins

Sports
A dead body was found at the New Jersey home of New York Giants cornerback Janoris Jenkins on Tuesday, multiple media outlets reported. New Jersey authorities did not release the name of the male victim, while TMZ reported that Jenkins was out of state when the body was discovered. "The Bergen County Prosecutor's Office Major Crimes Unit and the Fair Lawn Police Department are investigating a death at 14 Van Saun Place in Fair Lawn, New Jersey," the statement read. "The investigation is ongoing, and additional information will be provided when it is available and appropriate for release." Fair Lawn Police Sgt. Brian Metzler said it was unknown if Jenkins was at the residence, but Giants officials believe the cornerback has been living at his home in Florida since the end of the team's...
Pablo Sandoval credits Bay Area fans for success of Giants, Warriors

Pablo Sandoval credits Bay Area fans for success of Giants, Warriors

Sports
MIAMI, June 14 (UPI) -- What do Pablo Sandoval and Stephen Curry have in common? They have each claimed three championships while playing for a Bay Area franchise. Sandoval says regional fans are a big reason for that success. "It's the fan support," Sandoval told UPI Monday before the San Francisco Giants played the Marlins in Miami. "The fan support is a great compliment to play hard and do everything we can to play every day for them." The Giants' last World Series came in 2014. The Golden State Warriors also won the NBA Finals that season, sparking a dynasty. The Giants ranked as the ninth-most positive fan base, according to a study conducted by Casino.org. The Oakland Athletics' fan base came in at No. 11 in that study of sentiment. Study findings were pulled from more than 230,000...