THOUGHTS TO ACTION TO RESULTS
ABANDONMENT: There is nothing as difficult and as expensive, but also nothing as futile as trying to keep a corpse from stinking. – Ducker
ACTION: Stop squandering resources on obsolete businesses and free up your capable people to take advantage of new opportunities – Management in a TIme of Great Change
BOTTOMLINE: Let our Senior Executive Advisers of riseSEA help you review your business. We turn normal deals into Unicorns and Unicorns into Dragons for your investors!
PIPELINE
** Chinese online content platform Bytedance said it would buy popular lip-sync platform Musical.ly, in a deal seen valued at up to $1 billion that underlines the global ambitions of the fast-growing tech startup.
** Global asset manager Blackstone Group LP has reached a deal to acquire China-based cosmetics packaging firm ShyaHsin Packaging (China) Co Ltd for about $800 million to $900 million, four people with knowledge of the matter told Reuters.
** Mexico’s Alpek said on Thursday that it had entered into a 60-day period with ContourGlobal to negotiate final agreements for the potential sale of cogeneration power plants in Mexico.
** Menswear group Trinity Ltd said Shandong-based textile maker Shandong Ruyi International Fashion Industry Investment Holding Co Ltd has agreed to buy shares representing 51.38 pct of its enlarged share capital for HK$2.22 billion ($284.62 million), raising funds for future acquisitions and to repay debt.
** CBS Corp’s buyout of embattled Australian broadcaster Ten Network Holdings won approval from an Australian court, leaving only sign-off from the nation’s securities regulator before the deal is done.
** Greece’s Eurobank said it is close to finalizing a deal to sell its Romanian subsidiaries to Banca Transilvania.
** Indonesia’s financial services authority (OJK) confirmed that Mitsubishi UFJ Financial Group (MUFG) is interested in buying a stake in Bank Danamon Indonesia. (Compiled by Diptendu Lahiri in Bengaluru)
DISCLAIMER: This information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website as this a beta blog and will not be updated.
Happy Networking & Investing,
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