Bread maker Hovis could be snapped up by Italian firm Newlat Food after more than 130 years of British ownership. The baker’s current owners, London-listed Premier Foods and US investment company Gores Group, have been approached by Newlat bosses with an offer which would make the Reggio Emilia-based company one of the largest players in the European […]
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Taboola, Outbrain merger collapses, ending bid to form rival to walled gardens
Dive Brief: Taboola and Outbrain have called off plans for a $850 million merger after nearly a year of negotiations, according to multiple media reports. The news was first reported in the Israeli press and confirmed by both companies to TechCrunch. Together, the ad-tech firms looked to create meaningful competition […]
Walmart teams with Microsoft on TikTok bid, eyeing e-commerce, advertising opportunity
Brief: Walmart has partnered with Microsoft on the technology giant’s bid to acquire the social video-sharing app TikTok, a company representative shared in a statement over email. The news was first confirmed by CNBC. In its statement, Walmart called out TikTok’s promising capabilities around advertising and e-commerce. The retailer added […]
Larry Ellison takes on nemesis Bill Gates with TikTok bid
The red-blooded software tycoon may have zero experience running consumer-facing businesses, but he is eager to reinvent Oracle for the future while defying critics who say the company missed the boat on the cloud computing boom, leaving it stranded in a 1990s time warp. Above all, acquiring TikTok would offer […]
As Bulgaria and Croatia bid to join the euro, is there life in the currency yet?
In addition, they are likely to have a negligible impact on the bloc either economically or politically. The combined size of their economies is less than 5pc of the UK’s GDP and the two countries have a lower output than Ethiopia, Guatemala and city state Luxembourg. That lessens the risk […]
Abu Dhabi wealth fund joins bid for bankrupt satellite firm OneWeb
The Government is in talks with a £185bn United Arab Emirates sovereign wealth fund about pumping millions into a British offer for the bankrupt satellite operator OneWeb. The UK is in late discussions with Abu Dhabi’s Mubadala, one of the oil-rich Gulf nation’s biggest funds, about joining the consortium bidding […]
Second wave of job losses threatens Trump’s re-election bid
Arizona is putting many restrictions back in place, closing bars, gyms and cinemas after becoming one of the country’s biggest Covid-19 hotbeds. Its jobless rate was at 9pc in May but unemployment benefit claims surged in June, early data suggest. Other swing states are also moving towards tighter restrictions, piling […]
‘If we don’t bid, or don’t win, then Camelot UK will cease to exist’
In reality, there were genuine fears that Britain had fallen out of love with the lottery. Railton’s job was simple: find out why, stop the rot and turn things around. “When I came into this role three years ago, I was really shocked that [other UK lotteries] were outspending us […]
Tokyo Gov. Koike announces reelection bid
TOKYO — Tokyo Gov. Yuriko Koike announced her reelection bid on Friday, the day after the Tokyo Municipal Government decided to lift all coronavirus-related restrctions on business on June 19, as the capital faces the challenges of hosting the Olympic Games next year. Koike, the first female leader of Tokyo, […]
Huawei bid to move production to China faces supplier resistance
TAIPEI — Huawei Technologies is struggling to meet a goal to shift a key part of its output into China, with some of its suppliers reluctant to make changes to their own operations amid deepening uncertainty in the global semiconductor industry. The world’s biggest telecom equipment maker has been pushing […]