The Strategist
Companies & CEOs

Toyota to shut down three plants due to new COVID-19 strain - 12/23/2020

Toyota Motor has had to close three of its plants in the UK and France due to a new strain of the coronavirus detected in Britain and the resulting border closures. According to The Japan Times, the carmaker has decided to send a plant in northern France and an engine plant near Chester, UK, on New Year's break two days earlier than planned.  Workers in both plants will begin their...

Amazon employees start protesting in Germany - 12/22/2020

Employees of Amazon, the company by the world's richest man Jeff Bezos, started a strike in Germany over dissatisfaction with working conditions. This was reported by the Verdi union. The strike is due to last until 24 December. About 1,700 people will take part, according to the union.  Employees are protesting that the corporation continues to build up its billion-dollar profits but...

Lockheed Martin buys engine maker Aerojet Rocketdyne for $4.4B - 12/22/2020

Lockheed Martin (LM) has agreed to buy rocket engine manufacturer Aerojet Rocketdyne Holdings, the US military-industrial company, the firm said in a statement. The parties expect to close the deal in the second half of 2021. Lockheed Martin has offered $56 in cash for each share. However, Aerojet management has decided to pay its current shareholders $5 as an extraordinary dividend at the...

Jack Ma offers any of Ant Group platforms to Chinese authorities - 12/21/2020

Chinese billionaire Jack Ma is ready to share part of his business with the government if "the country needs it". Possible buyers could be state banks or other public sector investors. Billionaire Jack Ma has offered Chinese authorities and regulators any part of fintech giant Ant Group. Ma made such an offer to the government in a confidential meeting with government officials on November 2, The...

Coinbase sets to go public - 12/18/2020

Cryptocurrency exchange Coinbase announced that it has confidentially filed an S-1 form with the US Securities and Exchange Commission (SEC), necessary to go public. The company did not provide details of the proposed offering and its representatives declined to comment on the matter. Coinbase could become the first major cryptocurrency player to go public. Coinbase's intention to go public was...

Slack launches new $50M investment fund - 12/16/2020

Slack will allocate $50 million to launch a new venture capital fund to finance development outside of its own platform, the Slack enterprise messenger. It was announced by Axios, citing the company's head of venture capital, Jason Spinell. According to Spinell, the fund will target its investments at companies and tools regardless of their association with the Slack messenger. This will...

Business Insider: SpaceX intents to double its valuation - 12/16/2020

SpaceX, owned by Elon Musk, is set to raise money just four months after its last round. The company hopes to be valued at twice as much as last time. Billionaire Elon Musk's SpaceX is in talks for a new investment round, two sources told Business Insider. According to them, SpaceX is discussing doubling its valuation, from $46bn to $92bn.  The investment talks are at an early stage and...

Electronic Arts sets to buy computer games developer Codemasters for $1.2B - 12/15/2020

US computer games developer Electronic Arts (EA) has put forward its offer to buy UK games developer and publisher Codemasters. The offer values Codemasters at $1.2bn ($7.98 per share), which is significantly more than the offer made to the British company in November by another US game developer, Take-Two Interactive Software. In the price fight surrounding Codemasters, one of the UK's oldest...

McLaren to sell up third of its Formula 1 team to US investors - 12/14/2020

British McLaren will sell up to 33% of its Formula 1 team to US investors. The deal will amount to almost a quarter of a billion dollars. The company needs money to fund the races and to improve the group's position as a whole. The UK group of companies McLaren has agreed to sell a third of its racing division McLaren Racing, which runs the Formula 1 team, to a consortium of American investors,...

Total wealth of four IT giants founders falls by nearly $9B in a week - 12/14/2020

It has been a difficult week for the founders of major IT companies. The threat of proceedings with the US authorities caused their shares to slide after weeks of gains, and the total capital of Amazon and Facebook executives and Google founders fell by almost $10bn. The combined fortune of the four founders of IT companies - Mark Zuckerberg, Jeff Bezos, Larry Page and Sergey Brin - has fallen by...
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