Year: 2020

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Trading Ideas

Virgin Media, O2 Combine to Create $38 Billion Heavyweight

May 7, 2020 admin Comments Off on Virgin Media, O2 Combine to Create $38 Billion Heavyweight

(Bloomberg) — Telefonica SA and Liberty Global Plc have agreed to create the U.K.’s largest phone and internet operator, a deal that threatens its rivals and marks another industry-defining merger for billionaire John Malone.The deal values the new company at 31 billion pounds ($38 billion), with Telefonica’s O2 being valued at 12.7 billion pounds and Liberty’s Virgin Media valued at around 18.7 billion pounds. The companies, which started negotiations in December, said in a statement Thursday there are 6.2 billion pounds in synergies.The joint venture, first reported by Bloomberg, is a chance for both parent companies to rework two middling-assets …read more […]

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AB InBev sees worse ahead, with some light in China

May 7, 2020 admin Comments Off on AB InBev sees worse ahead, with some light in China

Anheuser-Busch InBev, the world’s largest beer maker, forecast a “materially worse” second quarter as coronavirus restrictions curb drinking across the globe, while noting some improvement in China. The brewer of Budweiser, Corona and Stella Artois sold 9.3% less beer and other drink than a year ago in the first three months of 2020, but this decline worsened to about a third in April as bars and restaurants closed and some production halted. The Belgium-based beer maker did say, however, there were early signs of recovery in China and South Korea as restaurants, and to a lesser extent clubs, …read more […]