Sep.13 — Sean Taylor, chief investment officer for Asia Pacific and head of emerging market equities at DWS Group, Deutsche Bank AG’s asset management arm, discusses the outlook for markets and the opportunities he sees. He speaks with Yvonne Man and Haslinda Amin on “Bloomberg Markets: Asia.” …read more […]
Oracle is now the favourite to take over US operations of the popular Chinese-owned video-sharing app. …read more […]
(Bloomberg) — TikTok has abandoned talks with Microsoft Corp. to sell its music-video app in the U.S., favoring instead a business partnership with Oracle Corp., people familiar with the talks said.A deal between ByteDance Ltd., TikTok’s Beijing-based parent company, and Oracle is likely to include a stake in a newly configured TikTok business, but will look more like a corporate restructuring than an outright sale, said one of the people, who asked not to be identified because the information isn’t public.The terms being discussed with Oracle are still evolving, one of the people said. For example, Oracle could take a …read more […]
(Bloomberg Opinion) — Heartiest of congratulations go to Microsoft Corp. Six weeks after announcing to the world it was in talks to buy TikTok, the American software giant comes out to tell us it didn’t get the gig.Instead, Oracle Corp. looks set to buy the international version of the short-video service from Beijing-based ByteDance Ltd., though deal terms are still to be finalized. In missing out, Microsoft Chief Executive Officer Satya Nadella dodges a bullet. Now, it’s aimed straight at Oracle and Chairman Larry Ellison, a cheerleader for American technology and supporter of President Donald Trump — who fired one …read more […]
(Bloomberg) — Apple Inc.’s major iPhone assemblers are among the companies expected to win approval to participate in a $6.6 billion stimulus program to bring manufacturing to India, according to people familiar with the matter, a potentially seismic shift as the world’s most valuable company diversifies beyond China.At a cabinet meeting on Wednesday, the Indian government is expected to approve a plan aimed at bringing $150 billion in mobile-phone production over the next five years, said the people, asking not to be identified because the matter is private. Among the dozen phonemakers already cleared by a high-powered government committee are …read more […]
The deal provides Gilead access to Immunomedics’ breast cancer treatment drug, Trodelvy, which was granted an accelerated FDA approval in April. Gilead said it would issue a tender offer to buy all the outstanding shares of Immunomedics for $88 per share, representing a premium of about 108% over their last closing price of $42.25 on Sept 11. …read more […]
(Bloomberg) — SoftBank Group Corp. shares soared after the company reached a deal to sell chip designer Arm Ltd. for as much as $40 billion and revived talks about taking the group private.SoftBank’s shares jumped as much as 10% in Tokyo on Monday, the most in about six months. SoftBank announced the sale of Arm to Nvidia Corp. for a combination of cash and stock. The Japanese conglomerate’s senior executives will also be revisiting a plan to buy out public shareholders, which had earlier met with internal opposition, people familiar with the matter said, asking not to be named as …read more […]
Sep.13 — Ichiro Fujisaki, a former Japanese ambassador to the U.S., discusses how the leadership change in Japan will affect the bilateral relations. Japanese Chief Cabinet Secretary Yoshihide Suga is the front-runner to become the next prime minister. Fujisaki speaks with Shery Ahn and Haidi Stroud-Watts on “Bloomberg Daybreak: Asia.” …read more […]
(Bloomberg) — The recent pullback in U.S. stocks could be close to an end if history is a guide, according to strategists at Goldman Sachs Group Inc. and Deutsche Bank AG.Its magnitude has matched a “typical” selloff in the S&P 500 since the financial crisis, albeit at a faster pace, wrote a team led by Goldman’s David Kostin in a note Friday. And options positioning — at the core of the weakness — has normalized, noted their counterparts at Deutsche including Srineel Jalagani the same day.“Despite the sharp sell-off in the past week, we remain optimistic about the path of …read more […]
ByteDance has been in talks to sell TikTok’s U.S. business since U.S. President Donald Trump threatened last month to ban the service if it was not sold. The deal will be structured not as a sale but as a restructuring, the source said, without disclosing how much of TikTok’s U.S. operations ByteDance and its investors will continue to own. …read more […]
(Bloomberg) — Microsoft Corp. said its bid for TikTok’s U.S. operations was rejected by ByteDance Ltd., the Chinese parent of the video-sharing social site.“ByteDance let us know today they would not be selling TikTok’s US operations to Microsoft,” Redmond, Washington-based Microsoft said in a statement. “We are confident our proposal would have been good for TikTok’s users, while protecting national security interests.”Microsoft, which was working with Walmart Inc., had been seen as the more likely winner earlier in the process, but its talks have cooled, a person with knowledge of the matter said earlier today. Microsoft hadn’t been asked to …read more […]
SoftBank Group Corp said on Monday it has agreed to sell chip designer Arm to Nvidia Corp for as much as $40 billion in a deal set to reshape the semiconductor landscape. The sale will see chip firm Nvidia acquire all of Arm’s shares in return for cash and shares, giving SoftBank and the $100 billion Vision Fund, which has a 25% stake in Arm, a stake in Nvidia of between 6.7% and 8.1%. Nvidia will pay SoftBank $21.5 billion in shares and $12 billion in cash, including $2 billion on signing. …read more […]
(Bloomberg) — Oracle Corp.’s negotiations for TikTok’s U.S. operations have intensified in recent days in a sign that the software maker is gaining the upper hand over its main rival, Microsoft Corp., people with knowledge of the matter said.A decision could come in the next couple of days, one of the people said. Early offers from both parties valued the U.S. business at about $25 billion, but that was before Chinese officials weighed in with new rules imposing limits on technology exports, and the terms may have also changed, the people said, asking not to be identified as the information …read more […]
(Bloomberg) — Nvidia Corp. said it agreed to buy SoftBank Group Corp.’s chip division Arm Ltd. for $40 billion, taking control of some of the most widely used technology in electronics in the semiconductor industry’s largest-ever deal.Nvidia will pay $21.5 billion in stock and $12 billion in cash for the U.K. based-chip designer, including a $2 billion payment at signing. Softbank may receive an additional $5 billion cash or stock if Arm’s performance meets certain targets, the companies said Sunday in a statement. An additional $1.5 billion will be paid to Arm employees in Nvidia stock.The initial payment to SoftBank …read more […]
(Bloomberg) — U.S. equity futures pointed higher Monday as investors looked ahead to a Federal Reserve meeting that could provide clues on the policy outlook. Asian stocks looked set for a muted start.Futures were little changed in Japan and Australia, while S&P 500 contracts were up about 0.5%. Global stocks are coming off the back of the first consecutive weeks of declines since March. Currency markets saw muted moves as trading began Monday. Gold was steady and crude oil slipped.With the Fed expected this week to maintain its dovish stance on policy, investors will continue to look out for signs …read more […]
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