Friday, November 22

Tag: acquisition

Google parent Alphabet weighs offer for $35 bn valued firm HubSpot | Company News
4Apr By adminNo Comments
Business

Google parent Alphabet weighs offer for $35 bn valued firm HubSpot | Company News

Google parent Alphabet has been talking to its advisers about the possibility of making an offer for HubSpot, an online marketing software company with a market value of $35 billion, people familiar with the matter said.   If Alphabet moves ahead with a bid, it would be a rare example of a major technology company attempting a mega deal amid heightened regulatory scrutiny of the sector under U.S. President Joe Biden's administration.   The potential acquisition would be Alphabet's largest ever and allow it to put some of its cash pile, which reached $110.9 billion at the end of December, to work.   Alphabet has met with Morgan Stanley investment bankers in recent days about a potential offer for HubSpot, the sources said. It has been discussin...
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Hilton to develop up to 100 NoMad Hotels following Sydell Group acquisition – Business Traveller
4Apr By adminNo Comments
Travel

Hilton to develop up to 100 NoMad Hotels following Sydell Group acquisition – Business Traveller

Hilton has announced plans to expand the luxury lifestyle NoMad Hotels brand worldwide, following the acquisition of a majority controlling interest in the brand’s owner Sydell Group. There are currently two NoMad Hotels in Las Vegas and London – however the US property is excluded from the transaction, and will rebrand in the coming months. The NoMad London opened in 2021 within the Grade II listed former Bow Street Magistrates’ Court and Police Station in Covent Garden. To read our recent review of the property (published in March 2024), see: Hotel review: The NoMad London This hotel will be integrated into Hilton’s booking and Hilton Honors platforms later this year, and the group said that it “projects that as many as 100 NoMad properties will be developed globally over time, with a...
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Biden’s Foolish Snub of Nippon Steel
23Dec By adminNo Comments
Health

Biden’s Foolish Snub of Nippon Steel

Nippon Steel’s proposed $15 billion acquisition of U.S. Steel “appears to deserve serious scrutiny,” the White House said Thursday. The statement came after an outcry from protectionist lawmakers, including Sen. John Fetterman (D., Pa.), who have cited union and national-security concerns and vowed to block the sale. The anti-Japanese business rhetoric is reminiscent of the 1980s, when U.S.-Japan trade tensions threatened to undermine a critically important bilateral alliance during the Cold War.U.S. politicians’ unjustified criticisms of the deal could strain relations between the U.S. and Japan and weaken their collaboration on trade and economic security. The White House should work with allies on economic and military cooperation, not criticize them.Copyright ©2023 Dow Jones & Com...
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JSW Steel plans to pick up 20%-40% stake in Teck Resources’ coal unit
25Aug By adminNo Comments
Business

JSW Steel plans to pick up 20%-40% stake in Teck Resources’ coal unit

JSW Steel is looking to pick up a 20-40% stake in the metallurgical coal unit of Canada's Teck Resources, Bloomberg News reported on Friday, citing the Indian steel producer's chairman, Sajjan Jindal.   JSW, along with Japanese and Korean mills, plans to buy a stake in Teck's Elk Valley Resources, with a combined offer valuing the unit at $8 billion, Jindal told the publication in an interview.   JSW Steel and Teck did not immediately respond to Reuters' requests for comment.   Sourcing metallurgical coal, a key raw material for steel production, is critical for JSW to meet its capacity target for India of 50 MTPA by the end of this decade.   Jindal had said in the company's annual report for last fiscal that it would add 9 MTPA o...
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