Luxury holding LVMH Moet Hennessy - Louis Vuitton offered to acquire the American jewelry company Tiffany & Co for $ 16 billion instead of the $ 14.5 billion previously proposed, The Financial Times and Reuters reported citing sources. In response, Tiffany & Co promised LVMH to disclose confidential information about its financial position. According to Reuters sources, there are no...

T-Mobile provider that announced that John Legere, the company’s CEO, will resign in April 2020 after expiration of the contract. The unexpected course of events is due to the fact that Legere has become one of the leading contenders for the post of WeWork's CEO. Mike Sievert, who is currently Chief Operating Officer and President at T-Mobile, will take his position. The firm reported that Legere...

Kylie Jenner, the youngest self-made billionaire on Forbes list, will sell a controlling stake in her cosmetics company Kylie Cosmetics for $ 600 million. The buyer is Coty Corporation, which produces cosmetics under the Max Factor brand. Coty Inc will pay $ 600 million for 51% of Kylie Cosmetics, a cosmetics company owned by model Kylie Jenner, a joint press release reads. The parties plan to...

Board of directors of the computer and printer manufacturer HP has rejected the purchase offer of its competitor Xerox. HP's press release reads that the deal was estimated at about $33.5b ln. HP believes that it was "significantly underestimated", and the merger "does not meet the interests of shareholders" of the company. "In making this decision, the board of directors also took into account...

Alibaba Group Holding has applied for listing on the Hong Kong Stock Exchange. The company’s statement sent to the US Securities and Exchange Commission (SEC) said the New York Stock Exchange (NYSE) will remain a priority platform for the holding. It was previously announced that the Hong Kong Stock Exchange has approved Alibaba's secondary public offering (SPO). Last week, Bloomberg announced...

Three years ago, Facebook was negotiating purchase of the Musical.ly video service, but declined the deal, Bloomberg writes. As a result, the new owner of the application turned it into TikTok social network, which has gained popularity among teenagers from around the world. Back in 2016, Facebook spent several months negotiating purchase Musical.ly application, which was later bought by the...

Telegram Group Inc. demanded that the court consider the lawsuit filed against the company by the US Securities and Exchange Commission over the launch of the Telegram Open Network (TON) blockchain platform and the Gram cryptocurrency. This is stated in court materials published on Tuesday. The statement reads that the defendant “asks the court to reject the plaintiff’s claim against Telegram...

Tesla, an American electric car manufacturer, will build its first European plant and design center in Berlin, said the company's head Elon Musk. The plant (Gigafactory) will be located next to the new airport in Berlin. Musk said that the company will start producing batteries, engines and electric cars in Germany, starting with the Model Y model, Prime said. Tesla expects production to begin at...

Chesapeake Energy quotes for one day lost almost a third against the background of publication of another weak reporting. One of the leading US oil and gas shale deposits developers is teetering on the brink of bankruptcy. In early November 2019, Chesapeake shares fell to new absolute lows around $ 1 per share. The publication on November 5 of the reporting for the III quarter of 2019 was the...