The Strategist
Companies & CEOs

Chinese TikTok refuses to move headquarters to London - 07/20/2020

Chinese company ByteDance, which owns the TikTok app, is considering London as the site for the global headquarters of the social network, writes The Sunday Times, citing a source. According to the newspaper, negotiations with the UK government are now suspended. According to a Reuters source, the issue is still under discussion. According to The Sunday Times, the Chinese company is going to...

American Airlines teams up with JetBlue to deal with sales slump - 07/17/2020

American Airlines announced the signing of a strategic partnership agreement with the American low-cost airline JetBlue. In fact, the companies are forming an alliance that will allow them to sell seats on each other's planes. The merger will give American Airlines customers access to approximately 130 destinations served by JetBlue. Moreover, for the company itself, this is an opportunity to...

Apple to pay up to $500 to owners of slow iPhones - 07/16/2020

Owners of some versions of the iPhone in the United States have received an opportunity to claim compensation from Apple. Due to a dispute in which the company was accused of deliberately slowing down the smartphones, Americans can claim up to $ 500 in compensation. American iPhone owners have received an opportunity to claim up to $500 in compensation from Apple for settlement of a dispute...

Google to invest $10B in India's IT sector - 07/14/2020

Google announced a $ 10 billion investment in India’s IT industry. This decision was published after negotiations between CEO of Google and its holding company Alphabet, Sundar Pichai, with Indian Prime Minister Narendra Modi. The investment will be directed to Google’s fund called the India Digitization Fund. Over the next five to seven years, these funds will be used to create partnerships with...

Nvidia becomes US largest chipmaker by capitalization overtaking Intel - 07/10/2020

Nvidia Corp for the first time became the largest US chip maker by market value, overtaking Intel Corp on Wednesday. Nvidia stock quotes rose by 3.5% per day - up to $ 408.64. As a result, the company's capitalization reached $ 251.31 billion. Intel papers rose 0.5% to $ 58.61. As a result, the market value of the chip maker rose to $ 248.16 billion, according to FactSet. Nvidia's stock price...

Mexican Pemex will develop Zama field with privately owned Talos Energy - 07/09/2020

The Mexican Ministry of Energy greenlighted creation of the first public-private partnership in the history of the country to develop an oil field, the right to which was initially claimed by a private consortium. "The Ministry of Energy instructed Pemex and Talos Energy Offshore to merge the border section at the Zama field. For the first time in the country's history, the state and private...

Microsoft sets to buy Warner Bros. Interactive for $4B - 07/09/2020

The American corporation Microsoft is interested in buying the gaming division of Warner Bros. for $ 4 billion, reports The Information, citing sources inside the company. The company intends to continue the policy of buying game developers to solve the problem with the lack of exclusive games for the new Xbox Series X. In June 2020, it became known that Warner intended to sell its Interactive...

Deutsche Bank fined $150M for connections with Epstein and money laundering banks - 07/08/2020

The New York State Department of Financial Services (DFS) announced an agreement with Deutsche Bank, under which the bank will pay a fine of $ 150 million. A fine is imposed for "significant violations" committed by the bank in servicing accounts of the infamous financier Jeffrey Epstein, as well as in the course of business cooperation with Danske Bank Estonia and FBME Bank. The New York...

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...
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