Why Glasses Are So Expensive
In 2017, Italian eyewear behemoth Luxottica announced a merger with Essilor, a French lenses manufacturer, a $49 billion merger that furthered Luxottica's entrance into all facets of eyewear, from design, to manufacturing, to retail. Though the merger was approved by several major international trade commissions, including the FTC, some antitrust experts question if the move will help consumers, or entrench the industry standard in which glasses cost hundreds of dollars. CNBC.com video above published May 16, 2019.
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Showing posts with label merger. Show all posts
Showing posts with label merger. Show all posts
2019-05-23
2019-03-19
Deutsche Bank $DB & Commerzbank In Merger Talks (video)
Deutsche Bank & Commerzbank In Merger Talks
Deutsche Bank and Commerzbank are the largest banks in Germany. Seeing as size and strength are crucial in international banking, the two banks in talks now to join forces to become one large financial entity. The goal is to keep up with international competition. The German government also supports the move. DW News video above published Mar 18, 2019.
Nobody likes Deutsche-Commerzbank deal: head of German investment body
Stefan Mueller, CEO and founder of the German Institute for Asset Allocation, discusses the pitfalls of a Deutsche Bank-Commerzbank merger. CNBC International TV video above published Mar 18, 2019.
Deutsche Bank and Commerzbank are the largest banks in Germany. Seeing as size and strength are crucial in international banking, the two banks in talks now to join forces to become one large financial entity. The goal is to keep up with international competition. The German government also supports the move. DW News video above published Mar 18, 2019.
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| NYSE: DB |
Stefan Mueller, CEO and founder of the German Institute for Asset Allocation, discusses the pitfalls of a Deutsche Bank-Commerzbank merger. CNBC International TV video above published Mar 18, 2019.
We are reviewing strategic options to improve the growth profile and profitability of the bank. There is no certainty that any transaction with Commerzbank will occur. https://t.co/Byc7RuwJXU pic.twitter.com/dBQ1hv95Jp— Deutsche Bank (@DeutscheBank) March 18, 2019
A marriage between Deutsche Bank and Commerzbank won't immediately solve the industry’s structural inefficiencies, @elisamartinuzzi says https://t.co/JKZxokmeLU pic.twitter.com/lIFvwthSxA— Bloomberg Opinion (@bopinion) March 18, 2019
Deutsche Bank and Commerzbank, two of Germany's biggest banks, have started talks about a merger. The timing is terrible https://t.co/qiD4lkU0Fv— The Economist (@TheEconomist) March 18, 2019
Deutsche Bank and Commerzbank, Germany’s 2 largest lenders, said on Sunday that they had begun merger discussions https://t.co/IBHZ3lWSK0— The New York Times (@nytimes) March 18, 2019
2017-10-31
SoftBank Reportedly Ends Sprint $S & T-Mobile $TMUS Merger Talks
UPDATE Nov 4, 2017: Sprint and T-Mobile call off merger after months of talks | reuters.com.
SoftBank (majority owner of Sprint) reportedly ended talks to merge Sprint (domain: sprint.com) with T-Mobile (domain: t-mobile.com) because of a dispute over control. T-Mobile's German parent, Deutsche Telecom, insisted on a controlling stake in the merged company--"SoftBank's board discussed at a meeting Friday that the company [Softbank] would not give up control. The decision was made Monday to call the talks off."--asia.nikkei.com.
DomainMondo.com Editor's note: This was easily foreseen and should have been a deal-killer from the very beginning, or before talks even began, since Deutsche Telekom (majority owner of T-Mobile US, Inc.), had always insisted on maintaining a controlling stake in the merged enterprise. SoftBank essentially bought a "pig in a poke" when it entered into the 2013 merger transaction that gave it controlling interest in U.S. fourth-place wireless carrier Sprint.
SoftBank Said to Halt Sprint, T-Mobile Merger Talks
Bloomberg.com video above published Oct 30, 2017: SoftBank's talks to merge Sprint with T-Mobile have hit a serious snag, according to people familiar with the matter, throwing the deal into jeopardy after months of talks. Bloomberg Intelligence's John Butler reports on "Bloomberg Markets."
Shares in both T-Mobile (NASDAQ: TMUS) and Sprint (NYSE: S) were down Monday on the news:
source: Statista.com
SoftBank (majority owner of Sprint) reportedly ended talks to merge Sprint (domain: sprint.com) with T-Mobile (domain: t-mobile.com) because of a dispute over control. T-Mobile's German parent, Deutsche Telecom, insisted on a controlling stake in the merged company--"SoftBank's board discussed at a meeting Friday that the company [Softbank] would not give up control. The decision was made Monday to call the talks off."--asia.nikkei.com.
DomainMondo.com Editor's note: This was easily foreseen and should have been a deal-killer from the very beginning, or before talks even began, since Deutsche Telekom (majority owner of T-Mobile US, Inc.), had always insisted on maintaining a controlling stake in the merged enterprise. SoftBank essentially bought a "pig in a poke" when it entered into the 2013 merger transaction that gave it controlling interest in U.S. fourth-place wireless carrier Sprint.
SoftBank Said to Halt Sprint, T-Mobile Merger Talks
Bloomberg.com video above published Oct 30, 2017: SoftBank's talks to merge Sprint with T-Mobile have hit a serious snag, according to people familiar with the matter, throwing the deal into jeopardy after months of talks. Bloomberg Intelligence's John Butler reports on "Bloomberg Markets."
Shares in both T-Mobile (NASDAQ: TMUS) and Sprint (NYSE: S) were down Monday on the news:
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| T-Mobile (NASDAQ: TMUS) |
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| Sprint (NYSE: S) |
source: Statista.com
2016-10-29
TechReview | Q3 2016 Results A Reality Check for Tech Stocks
Feature • Amazon $AMZN, Apple $AAPL, AT&T $T, Google $GOOG $GOOGL, Twitter $TWTR, all reported their Q3 2016 financial results this week. So how did they do? Just check this week's charts:
Out of the 5 stocks above, this week's biggest (and only) net gainer for the week? Twitter $TWTR.
For more, see on Domain Mondo:
- Q3 2016 Results, LIVE Webcasts Oct 27 $GOOG $NSR $VRSN $AMZN
- Twitter $TWTR Q3 2016 Results, LIVE Webcast Oct 27 8am EDT
- Apple $AAPL, Q3 2016 Earnings Results, LIVE Webcast Oct 25, 5pm ET
- Q3 2016 Results Monday, LIVE Webcasts, AT&T $T, T-Mobile $TMUS
- Alibaba Group $BABA Nov 2 at 7:30 am ET
- Facebook $FB Nov 2 at 5:00 pm ET
- GoDaddy $GDDY Nov 2 at 5:00 pm ET
Other Tech News:
• The Paradox of Digital Learning Innovation | Technology and Learning | insidehighered.com: "we see postsecondary digital learning innovation everywhere but the statistics on costs, access, and quality."
feedback & comments via twitter @DomainMondo
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DISCLAIMER
• More Apple Bling: Apple Unveils Groundbreaking New MacBook Pro | apple.com: New 13" Macbook Pro with Touch Bar, dual-core i5 starts at $1.8K; 15" model with Touch Bar, quad-core i7, Radeon Pro 450 starts at $2.4K; both ship in 2-3 weeks. But don't forget the dongles: Apple’s new MacBook Pro kills off most of the ports you probably need | TechCrunch.com. See also Apple says AirPod shipments to be delayed | Reuters.com.
• Qualcomm to buy NXP Semiconductors, the largest maker of semiconductors used in cars, in $47 billion deal--Bloomberg.com.
• Nobody wants an exploding phone? Samsung operating profit plunges 30% in wake of Note 7 fiasco--BBC.com.
• Facebook Lets Advertisers Exclude Users by Race | ProPublica.org: Facebook lets advertisers exclude black, Hispanic, and other “ethnic affinities” from seeing ads; Facebook says “ethnic affinity” isn't the same as race.
• "Twitter, the highest-circulation short-form “newspaper” on earth"--Professor Randall Stross in the New York Times. See also Important News about Vine | Medium.com: "we are sharing the news that in the coming months we’ll be discontinuing the mobile app."
• Uber surge: Got an urge to splurge? Surge pricing is coming to UberEats in select cities | TheVerge.com: "$30 for a grain bowl anyone?" and Uber Freight Will Bring Surge Pricing to the Trucking Business | technologyreview.com. But see Uber loses employment tribunal in the UK | TechCrunch.com: "The tribunal’s ruling means Uber drivers in the UK will be entitled to holiday pay, paid rest breaks and the National Minimum Wage. Although Uber has said it will appeal."
• WTF Apple! Apple's new TV app, designed to track favorite shows across apps, does not include Netflix or Amazon, and most streaming services require cable log-in.--Wired.com
• Qualcomm to buy NXP Semiconductors, the largest maker of semiconductors used in cars, in $47 billion deal--Bloomberg.com.
• Nobody wants an exploding phone? Samsung operating profit plunges 30% in wake of Note 7 fiasco--BBC.com.
• Facebook Lets Advertisers Exclude Users by Race | ProPublica.org: Facebook lets advertisers exclude black, Hispanic, and other “ethnic affinities” from seeing ads; Facebook says “ethnic affinity” isn't the same as race.
• "Twitter, the highest-circulation short-form “newspaper” on earth"--Professor Randall Stross in the New York Times. See also Important News about Vine | Medium.com: "we are sharing the news that in the coming months we’ll be discontinuing the mobile app."
• Uber surge: Got an urge to splurge? Surge pricing is coming to UberEats in select cities | TheVerge.com: "$30 for a grain bowl anyone?" and Uber Freight Will Bring Surge Pricing to the Trucking Business | technologyreview.com. But see Uber loses employment tribunal in the UK | TechCrunch.com: "The tribunal’s ruling means Uber drivers in the UK will be entitled to holiday pay, paid rest breaks and the National Minimum Wage. Although Uber has said it will appeal."
• WTF Apple! Apple's new TV app, designed to track favorite shows across apps, does not include Netflix or Amazon, and most streaming services require cable log-in.--Wired.com
• CenturyLink.com nears deal to merge with Level3.com reports Reuters.com.
• The U.S. Senate Judiciary antitrust subcommittee hearing on the AT&T-Time-Warner deal is December 7. Testifying will be AT&T CEO Randall Stephenson and Time Warner CEO Jeffrey Bewkes.--Variety.com
• How to opt out of Google's new tracking system--wired.co.uk: go to Activity controls in your account page and untick “Include Chrome browsing history and activity from websites and apps that use Google services." To find out which services are collecting information on your browsing habits-- and stop them--you can visit YourOnlineChoices.com (pan-European website).
• The U.S. Senate Judiciary antitrust subcommittee hearing on the AT&T-Time-Warner deal is December 7. Testifying will be AT&T CEO Randall Stephenson and Time Warner CEO Jeffrey Bewkes.--Variety.com
• How to opt out of Google's new tracking system--wired.co.uk: go to Activity controls in your account page and untick “Include Chrome browsing history and activity from websites and apps that use Google services." To find out which services are collecting information on your browsing habits-- and stop them--you can visit YourOnlineChoices.com (pan-European website).
• The Paradox of Digital Learning Innovation | Technology and Learning | insidehighered.com: "we see postsecondary digital learning innovation everywhere but the statistics on costs, access, and quality."
feedback & comments via twitter @DomainMondo
Follow @DomainMondo
DISCLAIMER
2015-08-11
Alphabet, Google Reorg FACTS, The Google Hooli XYZ Connection
Step one: go to http://t.co/mK7lm118Ee Step two: click the period after "drone delivery effort. Step three: enjoy. pic.twitter.com/2y0HguSVSM
— Alex Weprin (@alexweprin) August 10, 2015
FACTS:
- Google is not changing its principal domain name or its consumer-facing main business name--its main business name is Google, and the principal business domain name is, and will continue to be, google.com.
- Google is forming a holding company, Alphabet Inc., which through a merger reorganization will emerge as the holding company of Google and all its affiliated businesses: Nest, Google Ventures, etc.
- Stockholders will not be affected--the stock will continue to trade under the symbols GOOG amd GOOGL, but financial reporting will have two reportable segments: (a) Google (main business) and (2) everything else.
- Alphabet Inc. has a domain name of abc.xyz with a one page website (see Hooli connection above) that has a link "Investors" in the upper right corner that forwards to investor.google.com.
- Google's domain name registrar, Google Domains, still does not support .xyz domains (see screenshot below). Registrar of ABC.xyz is MarkMonitor, Inc., not Google Domains, according to the WHOIS.
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| Google Domains does NOT support .XYZ domain names |
Google's New Operating Structure:
On August 10, 2015, Google Inc. (“Google”) announced plans to create a new public holding company, Alphabet Inc. (“Alphabet”), and a new operating structure to increase management scale and focus on its consolidated businesses. Under the new operating structure, its main Google business will include search, ads, maps, apps, YouTube and Android and the related technical infrastructure (the “Google business”). Businesses such as Calico, Nest, and Fiber, as well as its investing arms, such as Google Ventures and Google Capital, and incubator projects, such as Google X, will be managed separately from the Google business.
In connection with the new operating structure and upon completion of the Alphabet Merger (as defined below), Larry Page will become the Chief Executive Officer (CEO) of Alphabet, Sergey Brin will become the President of Alphabet, Eric E. Schmidt will become the Executive Chairman of Alphabet, Ruth Porat will become the Senior Vice President and Chief Financial Officer (CFO) of Alphabet and David C. Drummond will become the Senior Vice President, Corporate Development, Chief Legal Officer and Secretary of Alphabet. Larry, Sergey, Eric and David will transition to these roles from their respective roles at Google, whereas Ruth will also retain her role as the CFO of Google.
Concurrently upon completion of the Alphabet Merger, Sundar Pichai, age 43, will become the new CEO of Google Inc. Sundar is currently the Senior Vice President of Products at Google and oversees product management, engineering, and research efforts for Google’s products and platforms. Since joining Google in 2004, Sundar has led a number of key consumer products which are now used by hundreds of millions of people and, prior to his current role, served as Google’s SVP of Android, Chrome and Apps. Sundar received a B.Tech. (Hons.) from the Indian Institute of Technology Kharagpur, a M.S. from Stanford University, and an MBA from The Wharton School of the University of Pennsylvania.
Holding Company Reorganization
Later this year, Google intends to implement a holding company reorganization (the “Alphabet Merger”), which will result in Alphabet owning all of the capital stock of Google. Alphabet will initially be a direct, wholly owned subsidiary of Google. Pursuant to the Alphabet Merger, a newly formed entity (“Merger Sub”), a direct, wholly owned subsidiary of Alphabet and an indirect, wholly owned subsidiary of Google, will merge with and into Google, with Google surviving as a direct, wholly owned subsidiary of Alphabet. Each share of each class of Google stock issued and outstanding immediately prior to the Alphabet Merger will automatically convert into an equivalent corresponding share of Alphabet stock, having the same designations, rights, powers and preferences and the qualifications, limitations and restrictions as the corresponding share of Google stock being converted. Accordingly, upon consummation of the Alphabet Merger, Google’s current stockholders will become stockholders of Alphabet. The stockholders of Google will not recognize gain or loss for U.S. federal income tax purposes upon the conversion of their shares in the Alphabet Merger. The Alphabet Merger will be conducted pursuant to Section 251(g) of the General Corporation Law of the State of Delaware, which provides for the formation of a holding company without a vote of the stockholders of the constituent corporations. Effective upon the consummation of the Alphabet Merger, Alphabet will adopt an amended and restated certificate of incorporation and amended and restated bylaws that are identical to those of Google immediately prior to the consummation of the Alphabet Merger, except for the change of the name of the corporation as permitted by Section 251(g). Furthermore, the conversion will occur automatically without an exchange of stock certificates. Stock certificates previously representing shares of a class of Google stock will represent the same number of shares of the corresponding class of Alphabet stock after the Alphabet Merger. Following the consummation of the Alphabet Merger, shares of Class C Capital Stock and Class A Common Stock will continue to trade on the NASDAQ Global Select Market under the symbol “GOOG” and “GOOGL” respectively. With respect to Alphabet stock, Larry, Sergey, Eric and their respective specified affiliated entities, as well as Alphabet, will be bound, without any modification, by the same restrictions, undertakings and obligations that are imposed under the Transfer Restriction Agreements, related Joinders and other documentation entered into in connection with the prior settlement of the litigation relating to Class C Capital Stock. Upon consummation of the Alphabet Merger, the directors of Alphabet will be the same individuals who are the directors of Google immediately prior to the Alphabet Merger.
Financial Reporting
The new legal and operating structure will be introduced in phases over the coming months and when finalized, Google anticipates that it will result in two reportable segments for financial reporting purposes, with the Google business presented separately from other Alphabet businesses taken as a whole. Accordingly, Alphabet will report its results under this new structure commencing with its Q4 earnings release and its Annual Report on Form 10-K for the period ending December 31, 2015.
Other Changes
Concurrently upon completion of the Alphabet Merger, Omid Kordestani will transition from his role as Google’s Chief Business Officer to become an Advisor to Alphabet and Google. --end of Form 8-K excerpt--
More info at Larry Page's blog post: Google Announces Plans for New Operating Structure – Investor Relations – Google
Why is Google doing this? Larry and Sergey want to do different new things and leave Sundar Pichai CEO of Google, in charge of the main business. Think of Google as becoming a 21st Century Berkshire Hathaway--Warren Buffett's holding company, whose name belonged to a textile mill he took over (Buffett called it his "worst trade" or investment) and later sold off, retaining the name. If you go to berkshirehathaway.com today, you'll find a very simple website with some links--the main businesses have their own websites--e.g., Geico.com. Expect no more from abc.xyz.
I also suspect that Google is going to start other new businesses--online banking, for example--that will need to be run separately from Google.com.
Google's stock was up in after hours trading to $705.00 on the news:
See also: Domain Mondo: Google Q2 2015 Earnings Conference Call, Webcast, July 16th, Replay
Follow @DomainMondo
On August 10, 2015, Google Inc. (“Google”) announced plans to create a new public holding company, Alphabet Inc. (“Alphabet”), and a new operating structure to increase management scale and focus on its consolidated businesses. Under the new operating structure, its main Google business will include search, ads, maps, apps, YouTube and Android and the related technical infrastructure (the “Google business”). Businesses such as Calico, Nest, and Fiber, as well as its investing arms, such as Google Ventures and Google Capital, and incubator projects, such as Google X, will be managed separately from the Google business.
In connection with the new operating structure and upon completion of the Alphabet Merger (as defined below), Larry Page will become the Chief Executive Officer (CEO) of Alphabet, Sergey Brin will become the President of Alphabet, Eric E. Schmidt will become the Executive Chairman of Alphabet, Ruth Porat will become the Senior Vice President and Chief Financial Officer (CFO) of Alphabet and David C. Drummond will become the Senior Vice President, Corporate Development, Chief Legal Officer and Secretary of Alphabet. Larry, Sergey, Eric and David will transition to these roles from their respective roles at Google, whereas Ruth will also retain her role as the CFO of Google.
Concurrently upon completion of the Alphabet Merger, Sundar Pichai, age 43, will become the new CEO of Google Inc. Sundar is currently the Senior Vice President of Products at Google and oversees product management, engineering, and research efforts for Google’s products and platforms. Since joining Google in 2004, Sundar has led a number of key consumer products which are now used by hundreds of millions of people and, prior to his current role, served as Google’s SVP of Android, Chrome and Apps. Sundar received a B.Tech. (Hons.) from the Indian Institute of Technology Kharagpur, a M.S. from Stanford University, and an MBA from The Wharton School of the University of Pennsylvania.
Holding Company Reorganization
Later this year, Google intends to implement a holding company reorganization (the “Alphabet Merger”), which will result in Alphabet owning all of the capital stock of Google. Alphabet will initially be a direct, wholly owned subsidiary of Google. Pursuant to the Alphabet Merger, a newly formed entity (“Merger Sub”), a direct, wholly owned subsidiary of Alphabet and an indirect, wholly owned subsidiary of Google, will merge with and into Google, with Google surviving as a direct, wholly owned subsidiary of Alphabet. Each share of each class of Google stock issued and outstanding immediately prior to the Alphabet Merger will automatically convert into an equivalent corresponding share of Alphabet stock, having the same designations, rights, powers and preferences and the qualifications, limitations and restrictions as the corresponding share of Google stock being converted. Accordingly, upon consummation of the Alphabet Merger, Google’s current stockholders will become stockholders of Alphabet. The stockholders of Google will not recognize gain or loss for U.S. federal income tax purposes upon the conversion of their shares in the Alphabet Merger. The Alphabet Merger will be conducted pursuant to Section 251(g) of the General Corporation Law of the State of Delaware, which provides for the formation of a holding company without a vote of the stockholders of the constituent corporations. Effective upon the consummation of the Alphabet Merger, Alphabet will adopt an amended and restated certificate of incorporation and amended and restated bylaws that are identical to those of Google immediately prior to the consummation of the Alphabet Merger, except for the change of the name of the corporation as permitted by Section 251(g). Furthermore, the conversion will occur automatically without an exchange of stock certificates. Stock certificates previously representing shares of a class of Google stock will represent the same number of shares of the corresponding class of Alphabet stock after the Alphabet Merger. Following the consummation of the Alphabet Merger, shares of Class C Capital Stock and Class A Common Stock will continue to trade on the NASDAQ Global Select Market under the symbol “GOOG” and “GOOGL” respectively. With respect to Alphabet stock, Larry, Sergey, Eric and their respective specified affiliated entities, as well as Alphabet, will be bound, without any modification, by the same restrictions, undertakings and obligations that are imposed under the Transfer Restriction Agreements, related Joinders and other documentation entered into in connection with the prior settlement of the litigation relating to Class C Capital Stock. Upon consummation of the Alphabet Merger, the directors of Alphabet will be the same individuals who are the directors of Google immediately prior to the Alphabet Merger.
Financial Reporting
The new legal and operating structure will be introduced in phases over the coming months and when finalized, Google anticipates that it will result in two reportable segments for financial reporting purposes, with the Google business presented separately from other Alphabet businesses taken as a whole. Accordingly, Alphabet will report its results under this new structure commencing with its Q4 earnings release and its Annual Report on Form 10-K for the period ending December 31, 2015.
Other Changes
Concurrently upon completion of the Alphabet Merger, Omid Kordestani will transition from his role as Google’s Chief Business Officer to become an Advisor to Alphabet and Google. --end of Form 8-K excerpt--
More info at Larry Page's blog post: Google Announces Plans for New Operating Structure – Investor Relations – Google
Why is Google doing this? Larry and Sergey want to do different new things and leave Sundar Pichai CEO of Google, in charge of the main business. Think of Google as becoming a 21st Century Berkshire Hathaway--Warren Buffett's holding company, whose name belonged to a textile mill he took over (Buffett called it his "worst trade" or investment) and later sold off, retaining the name. If you go to berkshirehathaway.com today, you'll find a very simple website with some links--the main businesses have their own websites--e.g., Geico.com. Expect no more from abc.xyz.
I also suspect that Google is going to start other new businesses--online banking, for example--that will need to be run separately from Google.com.
Google's stock was up in after hours trading to $705.00 on the news:
 |
| GOOGL stock chart: 10 Aug 2015 (source: google.com) |
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