In an exclusive news bulletin, Sky News has revealed that Imagination, which makes graphics processing units (GPUs) for customers including Samsung and Apple and is one of the UK’s most important technology companies, is scheduled to have an emergency board meeting next week in order to discuss the appointment of four representatives of China Reform…
Inmarsat Plc top shareholder Lansdowne Partners and the company’s directors consider the terms of the deal to be “fair and reasonable” and expect shareholders to unanimously vote in favor of it. In a significant development, a private equity-led consortium has agreed to acquire Inmarsat Plc for nearly $3.4 billion in cash. In 2018, the British…
As per SQN Investors, the slow pace of innovation at Yelp has enabled its peers to narrow its lead. Further, in the last several quarters, Yelp’s performance was dismal with revenue expansion dipping below 2%. SQN Investors LP, a hedge fund which has built a substantial holding in Yelp, has called for an overhaul of…
Activist hedge fund Third Point, led by investor Daniel Loeb, has been pressurizing Nestle to sell its stake in L’Oreal. On Monday, in a report published by the Financial Times which triggered fresh rounds of speculation, Paul Bulcke, Nestle’s Chairman, stated the company’s stake in French cosmetics firm L’Oreal was “something active on the board’s…
As of September 29, 2018, Intel had reported that its share buyback warchest had a balance of $4.7 billion. U.S. chipmaking giant Intel Corp has disclosed, its board has approved a $15 billion increase in its share buyback program. As of September 29, 2018, Intel had reported that it had $4.7 billion remaining under its…
Facebook’s CEO, Mark Zuckerberg statement that the data breach does not have “any meaningful impact” should be seen within the context of the scores of investigation this scandal has kicked off including by the U.S. Federal Trade Commission, investigations into the incident and its impact by 37 U.S. state attorneys general as well as by…
While Mellanox clocked 19% to 30% in revenues in 2014 to 2016, its current revenue target is 0.5%. Starboard Value LP, an ativist hedge fund has begun a proxy fight for control of Mellanox Technologies Ltd, an Israeli chipmaker, which it said is deeply undervalued. Starboard, holding a 10.7% stake – the largest shareholder of…
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