Companies & CEOs
Uber to buy Postmates food delivery service for $ 2.65B - 07/07/2020
Uber Technologies, a taxi and food delivery service, announced purchase of a $ 2.65 billion-worth Postmates food delivery service. It will issue 84 million new shares that will be exchanged for 100% of Postmates shares. Boards of directors of both companies approved the deal. The takeover of Postmates was supported by shareholders holding the majority of the shares of the service. The deal must...
Zynga completes purchase of Turkish Peak Games for $ 1.85B - 07/06/2020
American Zynga Inc., a developer of popular social networks games, said it had closed a deal to buy all outstanding shares of Turkish Peak Games. It estimated the deal at about $ 1.85 billion. The payment was made almost equally by cash and ordinary shares of the company. As a result of the transaction, Zynga received two franchises from Toak Blast and Toy Blast from Peak Games, which have...
US Dominion Energy sells assets for $10B to Buffett after refusing ACP gas pipeline - 07/06/2020
U.S. electricity supplier Dominion Energy announced on Sunday that it is selling its gas business to Warren Buffett’s Berkshire Hathaway. Dominion sells gas transportation and storage business to Buffett for $ 9.7 billion. The deal includes a 25 percent stake in the Maryland LNG terminal, although Dominion will keep a blocking packet in the terminal. Earlier on Sunday, Dominion and its partner...
Nearly 3M companies in Latin America will cease to exist due to COVID-19 - 07/03/2020
Nearly three million companies in Latin America and the Caribbean will cease to exist due to measures taken amid the COVID-19 coronavirus pandemic, according to a report by the United Nations Economic Commission for the Region (Cepal) on the effects of COVID-19. “The vast majority of companies in the region recorded a significant drop in their income and have difficulty maintaining their...
Wealth of the world's richest man hits a new record - 07/02/2020
The wealth of the richest man in the world - Head of Amazon Jeff Bezos - jumped to a new historical record of $ 171.6 billion, according to the Bloomberg Billionaires Index (BBI) rating. Thus, the previous record, achieved on September 4, 2018, was updated - then the wealth of Bezos totaled $ 167.7 billion. The agency notes that a new record was made possible thanks to a jump in the value of...
Shell to write off $ 15–22B of its assets - 07/01/2020
The British-Dutch company Royal Dutch Shell said that in the second quarter it could write off the value of its assets in the amount of $ 15 billion to $ 22 billion. The company attributed this decision to consequences of the COVID-19 coronavirus pandemic, a slowdown in economic activity, and lower energy prices. The write-off of the value of assets will fall on three segments of Shell's...
Chinese oil giants set to create the world's largest oil buyer - 06/30/2020
Chinese oil giants are in talks to create a group that could become the largest oil buyer in the world. At first, they intend to jointly acquire Russian and African oil. Major Chinese oil refineries are in talks to create a group to jointly buy oil, sources familiar with the initiative told Bloomberg. According to them, negotiations are already at an advanced stage, and top managers are...
US Department of Justice prepares antitrust lawsuit against Google - 06/29/2020
The US Department of Justice is expected to sue Google in the next few months and accuse the company of monopolizing the advertising technology market, Politico reports citing sources familiar with the situation. According to sources, on Friday representatives of the Justice Ministry and officials involved in antitrust activities held an online meeting to discuss the alleged lawsuit. According to...
US Chesapeake Energy files for bankruptcy - 06/29/2020
Chesapeake Energy, a US-based shale oil producer, filed for bankruptcy, the company’s website reads. The company requested protection under Chapter 11 of the United States Bankruptcy Act, which allows for the reorganization of activities. The company's debt is estimated at approximately $ 7 billion. The company entered into an agreement with lenders, according to which it will be allocated a loan...
US court orders Telegram to return $1.2B to investors - 06/26/2020
Telegram and the U.S. Securities and Exchange Commission (SEC) entered into a settlement agreement under which the court ordered Telegram to return $ 1.22 billion to investors (minus funds that were already returned or were reissued as loans), and pay a fine of $ 18.5 million. This is stated in the documents of the Federal District Court of the Southern District of New York. According to the...
