1. Alibaba In a classic potential case of the ‘child’ buying the ‘parent’, shares in troubled search engine giant Yahoo rallied in early December on reports that China’s Alibaba Group was preparing a takeover bid with private equity firms Blackstone and Bain Capital.
The Mo Winne Lose
Alibaba, a global online marketplace, boasting over 50 million users, was coy on news saying that they were ‘weighing all options’. Alibaba has had a long association after Yahoo bought a 43% stake in Alibaba in 2005 for $1bn. Since then however relations have become more frosty and the latest speculation has been well received with Yahoo shares trading up almost 5% when news broke before settling around 3.3% higher
Reports suggest that the consortium may be preparing to offer up to $20 per share - well above the recent closing price of $16.23 – which would value Yahoo at £16bn.
2. Global Entrepreneurship
Week November saw the growing annual phenomenon of Global Entrepreneurship Weeks. Where those running business, starting a business or simply with an idea they may one day like to run their own business come together in a 7 day blitz of events, seminars and parties.
The great and the good of the entrepreneurial world give of their time, whilst corporates vying for the power of the SME pound position themselves to best support what we hope will one day become the UKs growth businesses.
GEW 2012 was full of memorable moments, ours was the Born Global workshop for high growth SMEs looking at exporting… What was yours?
3. American Airlines You may be wandering why one of the worlds most iconic airlines filing for Chapter 11 bankruptcy protection makes them a ‘winner’ for the month.
The answer is that American Airlines has for a decade, since it considered a similar move in 2003, been hamstrung by uncompetitive costs, impatient employees and an aging fleet of old fashioned gas-guzzling aircraft.
So, after years of haemorrhaging money American Airlines is pursuing the same route its competitors have, using the courts to restructure and return profitability. Chapter 11 will provide American and its parent company AMR Corporation, with a greater latitude to rewrite labour contracts and tear up leases for older aircraft that are less fuel efficient. Some industry experts predict the move may not only put American Airlines back on the right foot, but possibly put in on the front foot as it looks at potential merger or acquisition prospects.
12 entrepreneurcountry
One of the hig Entrepreneu
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