US computer games developer Electronic Arts (EA) has put forward its offer to buy UK games developer and publisher Codemasters. The offer values Codemasters at $1.2bn ($7.98 per share), which is significantly more than the offer made to the British company in November by another US game developer, Take-Two Interactive Software. In the price fight surrounding Codemasters, one of the UK's oldest...

British McLaren will sell up to 33% of its Formula 1 team to US investors. The deal will amount to almost a quarter of a billion dollars. The company needs money to fund the races and to improve the group's position as a whole. The UK group of companies McLaren has agreed to sell a third of its racing division McLaren Racing, which runs the Formula 1 team, to a consortium of American investors,...

It has been a difficult week for the founders of major IT companies. The threat of proceedings with the US authorities caused their shares to slide after weeks of gains, and the total capital of Amazon and Facebook executives and Google founders fell by almost $10bn. The combined fortune of the four founders of IT companies - Mark Zuckerberg, Jeff Bezos, Larry Page and Sergey Brin - has fallen by...

For years, the world's largest oil trading company, Vitol Inc., has been claiming to be "completely intolerant" of corruption, while at the same time bribing through shell companies, writes Bloomberg. It has become known that the company has agreed to pay more than $160 million to regulators in the United States and Brazil. Vitol said that representatives of the structure have been giving bribes...

DoorDash, the largest food delivery service in the United States, made a successful debut on the stock exchange. At the start of trading, the company’s papers jumped by almost 80%. The shares of the DoorDash food delivery service have risen by almost 80% since the start of trading on the New York Stock Exchange compared to the IPO price. During the initial public offering, the company sold its...

The capitalization of the American manufacturer of electric cars Tesla has increased by $100 billion in a fortnight and exceeded $600 billion in anticipation of the inclusion of the issuer in the calculation of the U.S. broad market index S&P 500 on 21 December, according to the auction data. On Monday, the company's shares on the NASDAQ exchange rose by 7.13% to $641.76. As a result, the...

Italian luxury clothing manufacturer Moncler buys its competitor Stone Island. The deal will total €1.15 billion, Moncler announced. In the first phase, Moncler buys about 70% of Sportswear Company, which owns the Stone Island brand, from its principal owner and CEO, Carlo Rivetti (he owns 50%) and his family members (about 20%).  In the future, Moncler hopes to buy the remaining 30% from...

The payment operator MasterCard is reassessing its relationship with MindGeek, which owns the PornHub adult website. MasterCard informed Bloomberg of its decision after "The Children of PornHub" publication by the New York Times columnist Nicholas Kristof. The article tells stories of girls who unsuccessfully try to get intimate videos from PornHub removed. Videos in which the girls appeared were...

ExxonMobil has published its strategic development plan for the coming years. It envisages further cost reduction while gradually increasing investments in new promising projects. In order to achieve this goal, the company intends to abandon those projects which, in its opinion, are not able to bring substantial profits. The list of projects includes development of dry gas fields in the Rocky...