Board of directors of the computer and printer manufacturer HP has rejected the purchase offer of its competitor Xerox. HP's press release reads that the deal was estimated at about $33.5b ln. HP believes that it was "significantly underestimated", and the merger "does not meet the interests of shareholders" of the company. "In making this decision, the board of directors also took into account...

Alibaba Group Holding has applied for listing on the Hong Kong Stock Exchange. The company’s statement sent to the US Securities and Exchange Commission (SEC) said the New York Stock Exchange (NYSE) will remain a priority platform for the holding. It was previously announced that the Hong Kong Stock Exchange has approved Alibaba's secondary public offering (SPO). Last week, Bloomberg announced...

Three years ago, Facebook was negotiating purchase of the Musical.ly video service, but declined the deal, Bloomberg writes. As a result, the new owner of the application turned it into TikTok social network, which has gained popularity among teenagers from around the world. Back in 2016, Facebook spent several months negotiating purchase Musical.ly application, which was later bought by the...

Telegram Group Inc. demanded that the court consider the lawsuit filed against the company by the US Securities and Exchange Commission over the launch of the Telegram Open Network (TON) blockchain platform and the Gram cryptocurrency. This is stated in court materials published on Tuesday. The statement reads that the defendant “asks the court to reject the plaintiff’s claim against Telegram...

Tesla, an American electric car manufacturer, will build its first European plant and design center in Berlin, said the company's head Elon Musk. The plant (Gigafactory) will be located next to the new airport in Berlin. Musk said that the company will start producing batteries, engines and electric cars in Germany, starting with the Model Y model, Prime said. Tesla expects production to begin at...

Chesapeake Energy quotes for one day lost almost a third against the background of publication of another weak reporting. One of the leading US oil and gas shale deposits developers is teetering on the brink of bankruptcy. In early November 2019, Chesapeake shares fell to new absolute lows around $ 1 per share. The publication on November 5 of the reporting for the III quarter of 2019 was the...

Despite the quarterly profit unexpectedly higher than forecasts, the IT giant from the US has not been very optimistic lately. The bad news came from over the Pacific: the 5G network was launched in China on November 1. The news of the launch of the Chinese 5G network is truly landmark for both Apple and the entire wireless communications sector. On Wednesday, October 30, the Wall Street Journal...

The net worth of SoftBank’s head Masayoshi Son has decreased by more than $ 5 billion since mid-summer. This is another sign that the Japanese billionaire’s business has not been doing very well in recent months: the collapse of WeWork and other unsuccessful bets have undermined the investor confidence. At the end of July, SoftBank proudly announced that it was creating a new investment fund and...

Manufacturer of copiers, scanners, printers Xerox may acquire its competitor HP. According to The Wall Street Journal, citing its own sources, the company's board of directors discussed the possibility of such a deal on Tuesday, November 5, but has not yet made a final decision. The market value of HP is about $ 27 billion, which is almost three times the value of its competitor. According to...