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Tag: private

Several private firms still interested in buying Nielsen as sale process drags on

Several private firms still interested in buying Nielsen as sale process drags on

Finance
Nielsen, the media research firm famous for its TV ratings, is still contemplating an outright sale, fueled by continued private equity interest, according to people familiar with the matter. Advent International is working with Goldman Sachs Group on a bid, as well as Apollo Global Management, said the people, who asked not to be named because the discussions are private. Advent and Goldman have consistently shown interest and recently attended Nielsen management presentation, although it's unclear if the consortium will be willing to pay enough to get a deal done, two of the people said. A sale isn't imminent, and while Nie...
Twitter warns that private tweets were public for years

Twitter warns that private tweets were public for years

Technology
Private tweets sent by users of Twitter's Android app could have been exposed publicly for years. Twitter said it had discovered a security flaw which meant "protected" tweets became public when some changes were made to accounts.Anyone who updated the email address linked to their account between November 2014 and January 2019 could have had messages exposed, it said.Twitter said it had started to let affected users know about the bug.It added that it had turned the protections back on for Android users who had inadvertently switched them off.Twitter said it was also issuing a public notice about the error because it could not confirm the exact number of accounts that had been affected and wanted to reach those it could not iden...
Private life insurers better claim payout ratio to 95% in FY18

Private life insurers better claim payout ratio to 95% in FY18

Finance
BENGALURU: The life insurance industry is honouring more claims, helped by technology and better fraud management. The claims payout ratio has improved significantly, with private industry paying 95.2% of all claims in 2017-18, compared to 93.7% in the previous year, and 88.3% in 2014-15. LIC has long been paying over 98% of its claims. That continues, though it slipped marginally in 2017-18. In fiscal 2018, 21 of 23 private life insurers paid more than 90% of claims, unlike in 2014-15, when only nine did so and the majority paid out only 50-70% of claims. Claims repudiation (those rejected) by private players is also down to just under 4%, from 4.6%. Fraud management, tech, regulation help cut rejections Among the reasons for this improvement, insurers say, is that they have adopted bette...
Blockchain's potential will continue to spur public and private investment

Blockchain's potential will continue to spur public and private investment

Finance
The many big companies disrupted by blockchain have now made it a priority to harness this technology. As is typically the case when faced with disruption, large companies are seeking to defend their territory by adopting the very tool that threatens them. With blockchain there's a lot at stake. The global market for blockchain-related products and services is about $ 700 million and is projected to exceed $ 60 billion annually in 2024, according to Wintergreen Research. Among the big corporate blockchain players are Accenture, Facebook, Google, IBM and Microsoft. ...
Elon Musk reaches deal over tweets about taking Tesla private

Elon Musk reaches deal over tweets about taking Tesla private

Technology
Media playback is unsupported on your device Elon Musk must step down as Tesla chair and pay a fine after reaching a deal with US regulators over tweets he posted about taking the firm private.It follows Thursday's decision by the Securities and Exchange Commission (SEC) to sue Mr Musk for alleged securities fraud.Under the deal, Mr Musk will remain as Tesla CEO but has to step down as chairman for three years.Both he and Tesla will also have to pay a $ 20m (£15m) fine.The SEC's chairman Jay Clayton said that he supported the deal, and felt that it was in the best interests of US markets and investors, including the shareholders of Tesla."This matter reaffirms an important principle embodied in our disclosure-based federal securities law...