Scout24 to review its auto platform following pressure from Elliot Management

Scout24 will update investors on its review on November 26. Elliot is also pushing Scout24 to ramp up its share buyback program. On Tuesday, Scout24, a German classified listings group stated it would explore options for its autos platform following pressure from activist investor Elliott Management to sell the business. “We have commenced a strategic…

Sony announces 1st ever share buyback worth $910 million

The move is clearly aimed at boosting shareholder returns. On Friday, Sony Corp announced its first-ever major share buyback worth $910 million (100 billion yen). With the news reaching the market, its stock recovered from a hammering from investors who were spooked over its lackluster earnings. Sony’s announcement marked Japan’s second major buyback this week:…

Adobe Systems inc to acquire Magento Commerce for $1.68 billion in cash

The acquisition is aimed at bolstering Adobe’s Experience Cloud business. In what is stated to be Adobe Systems Inc’s biggest deal in a decade, the U.S. software company disclosed it would be acquiring Magento Commerce, an e-commerce services provider, from private equity firm Permira for $1.68 billion in cash. Following the news, shares of Adobe…