/cloudfront-us-east-2.images.arcpublishing.com/reuters/OZHP4DP2HBODHDO3OFFXA3FHHY.jpg "JD.com sales during China shopping festival beat expectations -analysts")
SHANGHAI, June 19 (Reuters) – Sales on JD.com’s (9618.HK) e-commerce site during China’s mid-year shopping festival – the first major shopping event since the country’s reopening – grew more than expected, according to brokerages’ estimates based on data they have received. The Chinese e-commerce giant saw sales rise 6-8% over the 618 festival period that … [Read more…]
June 16 (Reuters) – nCino Inc (NCNO.O), which offers cloud-based software to banks, is exploring its options, including a potential sale, after attracting takeover interest from private equity firms, people familiar with the matter said on Friday. nCino’s board of directors has been in talks about forming a special committee to review the expressions of … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/MCRA6W7FLNMXJECCGKZSHRSQDU.jpg "Republic of Congo rejects SocGen’s sale of subsidiary to Vista Group")
DAKAR, June 14 (Reuters) – The government of the Republic of Congo has said it will not recognise Societe Generale’s (SOGN.PA) sale of its country subsidiary to Vista Group because the bank did not give it a right of first refusal. Congo’s finance ministry said in a statement dated June 12 that it was surprised … [Read more…]
NEW YORK, May 24 (Reuters) – Avid Technology Inc (AVID.O), a provider of video and audio editing software and equipment to filmmakers and recording studios, is exploring a potential sale, according to people familiar with the matter. The Burlington, Massachusetts-based company, which has a market value of more than $900 million, is working with Goldman … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/HHEYRAEKDNPO3GFVOK2DX3EWPM.jpg "Yelp jumps as activist investor seeks sale or merger with Angi")
May 23 (Reuters) – Activist investor TCS Capital Management on Tuesday urged Yelp Inc (YELP.N) to either explore a sale or a merger with online-services company Angi Inc (ANGI.O), sending shares of the service-recommendation site 10% higher in premarket trading. Yelp is “shockingly undervalued” and could be sold for more than twice its share price, … [Read more…]
May 22 (Reuters) – Activist investor TCS Capital Management has built a stake in Yelp Inc (YELP.N) and is urging the service-recommendation site to explore strategic options, including a sale, the Wall Street Journal reported, citing people familiar with the matter. TCS Capital, owning over 4% of the outstanding shares of Yelp’s common stock, ranks … [Read more…]