nokian tyres ' foreign ownership has risen in two years to more than 15 percentage points to almost 80 per cent of all shares.the Figure includes foreigners and nominee-registered holdings.listed companies with foreign owners, the share is higher only city con, Nokia and afarak's.Nokian Tires are revolved from time to time takeover speculation.the ring of the company's previous chief executive Ari Lehtoranta said over a year ago, the trade press, in the low stock market price to increase the takeover risk.the Risk of invasion would rise to the company's stock price approaching 20 million.
Chinese home-appliance maker Midea Group 000333 -2.06 % announced Wednesday it plans to launch a takeover of Germany s Kuka AG KU2 28.84 % , in a deal that values the industrial robot maker at more than $5 billion, making it one of the largest unsolicited approaches of a foreign company by a Chinese buyer.Midea Group said it intends to increase the shares it owns in Kuka to more than 30%, which requires an offer for all issued shares in the Ausburg, Germany-based company.Morgan Stanley is providing Midea with a bridge loan to finance the deal, a spokeswoman for the Chinese company said.State-owned China Securities Finance Corp Ltd and private-equity firm CDH Investments are among Midea s minority shareholders.Closely held German engineering company Voith Group holds 25% in Kuka, with another 10% being held by German billionaire Friedhelm Loh via his holding company.On the bright side for Voith Group and Mr. Loh, stronger ties with Midea could help Kuka spur sales in China, which is the world s fastest-growing robotics market with an expected annual growth of 14% for the next few years, according to the Chinese company.
Image copyrightChina's biggest home appliances manufacturer Midea has made an unsolicited takeover bid for German industrial robot maker Kuka.Midea is offering 115 euros per share $130; £90 for a controlling stake in the firm, valuing it at more than $5bn.Engineering firm Voith Group and German billionaire Friedhelm Loh together own more than a third of Kuka.Midea's shares remain suspended in Shenzhen following the announcement on Wednesday.However, shares of Kuka surged by 13% in Frankfurt on Tuesday following media reports of Midea's impending bid.GE ended up selling the unit to Chinese rival Haier for $5.4bn in January.
Expedia Inc. s chief executive officer is expecting more company in the world of online travel booking, predicting Facebook Inc. will follow Google into the business.Facebook is already working on e-commerce, letting users save their payment information on the social media giant s site and purchase products they see advertised there directly through buy buttons.Google now lets users book trips and lodging directly through its search engine, a feature the U.S. Justice Department cited when it approved Expedia s takeover of Orbitz last year, saying Google was increasing competition.The development would bring both risks and opportunities for Expedia and rivals, Khosrowshahi said.For years, hotel companies have tried to find ways to drive more sales through their own websites so they can avoid the premiums paid to the likes of Priceline and Expedia when customers book lodgings and trips through them.If Facebook pushes into travel booking it will most likely follow Google s lead, building a tool that lets hotel chains and online travel agents show up in search results on the social network, Dan Wasiolek, an analyst with Morningstar Inc., said in an interview.This new targeted advertising platform in theory is supposed to offer a better way to target travelers when they re planning a trip and when they re in the destination, Henry Harteveldt, founder of the travel industry research firm Atmosphere Research Group, said in an interview.Travel companies including Hyatt Hotels Corp. and Air France-KLM are using Facebook s Messenger application to talk to customers.So is Expedia, said John Morrey, vice president and general manager of Expedia U.S. That s another area that Facebook could expand its presence in, Harteveldt said, either by getting more companies to do business on Messenger or building its own booking tool in the app.Expedia, which celebrated its 20th anniversary last week, went on a $6 billion acquisition spree in 2015 by buying Orbitz and vacation rental company HomeAway.Startups like GetYourGuide GmbH, Vayable Inc. and Peek Travel Inc. have raised venture capital for their own tour-booking websites and applications.
View photosMoreA sign of Alibaba Group is seen at CES Consumer Electronics Show Asia 2016 in Shanghai, China, May 12, 2016.REUTERS/Aly SongHONG KONG Reuters - Hong Kong's securities regulator said that Chinese e-commerce giant Alibaba Group Holding Ltd breached takeover rules in the purchase of a healthcare firm in 2014 because it also bought a company owned by the brother of the healthcare firm's vice chairman on "favourable terms."Alibaba agreed to buy a stake in CITIC 21CN, now known as Alibaba Health Information Technology Ltd , for $170 million two years ago.Hong Kong's Takeovers and Mergers Panel, part of the Securities and Futures Commission SFC , ruled that Alibaba's purchase of Hebei Huiyan "constituted a special deal with favourable conditions which were not extended to all shareholders and was a clear breach of the Takeovers Code," according to the decision published on Wednesday.But the e-commerce firm added the regulator issued a new waiver in view of the sharp rise in Alibaba Health stock since 2014, meaning Alibaba is not currently required to launch a full buyout.Alibaba owns 38 percent of Alibaba Health, but last year injected an online pharmacy business into Alibaba Health.
Fitbit s not investing in Coin s current product offering, Coin 2.0, but instead bringing the company s near-field communication, mobile, and wireless talent on board for as-yet unspecified future projects.The Y Combinator-backed Coin made a lot of buzz back in November of 2013 when it unveiled the eponymous Coin card, a universal card replacement capable of storing and switching between the magnetic strip information of debit, credit, loyalty, and gift cards.After a meteoric start — it blew past its initial funding goal of $50,000 in less than 40 minutes — and several delayed shipments, its first production product, Coin 1.0, debuted in April of last year.Coin is halting production and sales of Coin 2.0 cards, it said in a blog post, and ceasing development on Coin 2.0 s firmware, the Coin mobile companion app, and its Coin Rewards and Coin Developer programs.Current Coin users can expect their cards to work for the duration of their built-in battery s lifetime, Coin said — an estimated two years.Increased competition is likely also at fault — thanks to aggressive pushes by Apple, Garmin, Xiaomi, and others, Fitbit s share of the wearables market dropped from 38 percent in 2014 to 27 percent last year.
Lionhead became a studio with two masters; inspirational co-founder Peter Molyneux, and later, Microsoft Photograph: LionheadFor almost 20 years, Lionhead Studios was a beacon of the UK games industry.Black & White Photograph: LionheadThe idea was to search for a crazily inventive game concept and a small team of 30-35 people who could build it.My brother Simon, Ian Lovett and I were desperate to do something by ourselves, away from a big corporate structure, and hopefully recreate some of the magic we d seen dissipated by the takeover.The first game Lionhead made as a Microsoft first-party studio is what many consider its finest work: Fable 2.Many of its innovations, though, were a target of scorn before people got their hands on it.Even at the time people wondered how much smoke and mirrors was involved, but the technology behind Milo was real if limited – players who tried to break it could do so easily, but those willing to accommodate its quirks were rewarded.
A new batch of ominous warnings about job-killing robots just arrived from the usual suspects, very clever, credentialed, accomplished people mingling at a glamourous watering-hole: in this case, the Milken Institute's Global Conference in Beverly Hills, California.These warnings tend to follow a predictable script: sufficiently urgent to get attention, but fuzzy enough to stop short of alarming.Warnings about the impact of robotics on people s jobs almost always have a temporizing quality: for example, at this conference robots are capable of taking over low-skill document management or Wall Street spreadsheet jockeys specialized jobs, yet aren t at the point of actually eliminating broad job categories.It is old school, beginning as a one-way transfer of data from computer green screens via the terminal s memory.It s also often an interface of last resort for an old school problem, the challenges organizations face in linking legacy systems with new applications, including lack of legacy documentation, source code and lost skillsets.This use is what many people are referring to when they speak about swivel-chair automation.Related Article: Buying In the Cloud: How Cloud Technology is Revolutionizing the Retail IndustryRPA PerceptionBut moving to web-scraping technology still left RPA with two major limitations, both of which reinforced the perception this robotic technology could only play a limited role, with limited scope, in business process automation.Limited Role in Process AutomationWhile web-scraping is highly effective, it customarily takes place at the task level while employees typically operate at both the task and activity level.The answer would appear to be yes; according to the Everest Group, 78 percent of GICs have either implemented RPA or are actively planning pilots.Related Article: When Tech Meets Pets: How Technology Is Serving Man's Best FriendWhat About AI & Cognitive, etc.?But what of the exotic technologies so many thought leaders are waiting for: AI, cognitive, machine learning?The answer is that they re important and will broaden RPA s footprint in ways that are hard to fully envision.
View photosMoreTesla0rerwThe Tesla's Summon feature is now a well known feature of the electric car — but not everyone is up to date on the car's autonomous mode, which makes playing pranks that much easier.In this case, the prank is played by a father on his son, who innocently sits in the Tesla when it suddenly stirs to life and begins moving.Hey, would you have grabbed the wheel at such a young age in that situation?Yeah, right.The freak out only lasts a few seconds as the dad, who caught everything via a hidden GoPro, shows up and stops the car while grinning at his son's robot takeover panic.We don't advise anyone try this on their own family, but this is video is a great peek into our collective societal transition from expecting to manually control cars into the age of expecting cars to operate on their own.
Just about a year ago, Salesforce and Microsoft were reported to have engaged in talks for a takover deal.Microsoft wanted to pay $55 billion for the cloud software maker, but Salesforce CEO Marc Benioff asked for more, raising the price to $70 billion, CNBC's David Faber reported at the time.Talks of a deal have fizzled out since then, but some analysts still believe that a merger could happen.So Jim Cramer, the host of CNBC's "Mad Money," asked Benioff this week if it's time to finally put a stop to rumors of a possible Salesforce-Microsoft union.Benioff's first response was interesting.I ve now been working on this company for almost 18 years and I think that we ve delivered fantastic results.As part of that, of course, I m also making personal decisions as that goes and that s what s happening there.That didn't sound too convincing, so Cramer followed up, asking, "Wait a second, that sounds different...It sounds like you conceivably could be a seller."Only then, Benioff corrected himself, saying he was "confused" by the question.I certainly hope that this quarter s evidence of that.That still doesn't sound like a sale is completely out of the picture.It's expected to surpass $8 billion in annual revenue and just had its first quarter with over $1 billion in operating cash flow.
FRANKFURT— Aixtron SE AIXG 13.72 % shares surged Monday after Chinese entrepreneur Zhendong Liu made a takeover offer for the German chip maker, valuing the company at €670 million $751 million , the latest in a series of acquisitions fueled by China s appetite for European expertise.The German unit conducting the takeover is called Grand Chip Investment GmbH.Equinet noted the deal would likely strengthen Aixtron s goals in Asia, while maintaining the existing setup at production facilities.Fujian Grand Chip Investment Fund is financed by the state fund Sino IC, which manages assets of around $20 billion and targets acquisitions in the semiconductor industry, a person familiar with the deal said .The Aixtron offer is a 50.7% premium on the three-month weighted average share price, and both the executive and supervisory boards support the offer, it added.The voluntary public offer is for all of Aixtron s shares outstanding, including those represented by American depository shares.
His comments were made at the Salesforce World Tour conference in London.2.Secretive data-mining startup Palantir is buying $225 million £155 million of stock back from its employees at $7.40 £5.10 per share, reports BuzzFeed.Salesforce CEO Marc Benioff responded to questions about a Microsoft takeover bid.Apple CEO Tim Cook met Indian Prime Minister Modi while on a trip to Asia.Google is appealing against a ruling by France's data privacy regulator demanding that the company removes certain web search results worldwide.They say it is necessary to ensure the continent can benefit from new data-driven technologies.NOW WATCH: This smart earpiece translates languages as they are spokenLoading video...
Adobe takes the first steps to bring its Marketing Cloud into virtual realityMay 23, 2016 by Barry LevineThe company adds support for analytics, several VR formats and various ad types.Rates go up this Saturday!4 effective local positioning strategies you re overlookingMay 23, 2016 by Lydia JordenLocal search columnist Lydia Jorden explores four ideas that, when utilized, can have a major impact on local SEO success.ROI beyond likes and shares: 5 ways calls validate social ad spendingMay 23, 2016 by Andrew OsmakHow do you accurately determine your social ad spend ROI?Recent Headlines From Search Engine Land, Our Sister Site Dedicated To Search News & Information:Online Marketing News From Around The Web:Affiliate MarketingA Marriage in Marketing: Content and Affiliate, blog.cj.comWhen Affiliate Marketing Goes Bad, 3qdigital.comBusiness IssuesWhy Google beat Yahoo in the war for the Internet, techcrunch.comContent Marketing3 Strategies to Get a Reaction From Your Audience, 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Instagram lacked basic security protections on its mobile and web logins, a researcher has foundFacebook has patched two security flaws in its Instagram mobile photo-sharing service that could have allowed attackers to take over users accounts.The service also lacks any policy for locking user accounts where a number of incorrect password guesses have been made, he said.Therefore, exploitation of these issues could have resulted in the compromise of millions of the 400 million active Instagram accounts – especially those with predictable passwords, he said in an advisory.The flaws are the latest indication of insecurity in social media services, which has resulted in thefts of user data and the takeover of high-profile user accounts becoming increasingly routine.Brute-force attackSwinnen pointed out that both of the flaws resulted from the lack of basic security precautions to limit the number of incorrect guesses that could be made in user logins.Instagram introduced two-factor authentication in February, nearly five years after its parent company Facebook brought in the technique.
The seed and pesticide giant on Tuesday rejected a $62 billion bid from German conglomerate Bayer, but said it would be open to a bigger offer.In a statement, the company said its board of director s unanimously voted against the unsolicited proposal, which it deemed incomplete and financially inadequate.We believe in the substantial benefits an integrated strategy could provide to growers and broader society, and we have long respected Bayer s business, Hugh Grant, Monsanto s chairman and chief executive, said in the statement.Monsanto is unlikely to go down for less than it offered its former target.Bayer s bid for Monsanto appears big, but as The Wall Street Journal s Helen Thomas pointed out on Monday, the offer isn t as juicy as the one that wooed Syngenta to its Chinese state-owned rival:At 15.8 times earnings before interest, tax, depreciation and amortization, Bayer s offer is hardly stingy.Its stock price has fallen by as much as 31 percent in the past 12 months, according to Bloomberg.
MoreFrench multinational pharmaceutical company SANOFI logo is seen at the headquarters in Paris, France, March 8, 2016.REUTERS/Philippe Wojazer/File PhotoBy Ben Hirschler and Greg Roumeliotis Reuters - French drugmaker Sanofi named eight candidates to replace the entire board of Medivation Inc on Wednesday, stepping up pressure on the U.S. cancer drug company which has rejected its $9.3 billion 6.3 billion pounds takeover approach."HAND-PICKED NOMINEES"Sanofi's nominees for Medivation's board are Michael Campbell, Barbara Deptula, Wendy Lane, Ronald Rolfe, Steven Shulman, Charles Slacik, James Tyree and David Wilson -- a roster of independent candidates with experience in the drug industry, finance and the law.Campbell led Arch Chemicals, before it was sold to Lonza in 2011 for $1.2 billion, while Deptula headed corporate development at Shire .If that is accurate, we cannot see how you have not done so with us," he wrote.Sanofi wants Medivation - which sells a successful prostate cancer drug called Xtandi and has others in development - to expand in the lucrative oncology sector, as it seeks new businesses to compensate for flagging diabetes revenues.
Latest retreat from the mobile market will cost Microsoft around £650mMicrosoft is set to announce major job cuts across its troubled smartphone business as the company looks continues its reinvention following the departure of former CEO Steve Ballmer, who masterminded the Nokia acquistion.Around 1,850 jobs are set to be lost as Microsoft in a move that will cost the company around $950 million £648m , including $200 million £136.44 in severance payoffs.Microsoft CEO Satya Nadella said that the move will allow the company to focus its phone efforts on where it has differentiation — with enterprises that value security, manageability and our Continuum capability, and consumers who value the same.All changeThe cuts will see up to 1,350 jobs will go at Microsoft Mobile in Finland, with another 500 jobs going at other locations across the world.The news is the latest story of a sorry saga that began with Microsoft s £4.6 billion takeover of Nokia s smartphone business back in 2014.According to Kantar Worldpanel, Windows accounts for 6.2 percent of the UK smartphone market and 4.9 percent of sales in Europe s five biggest countries.
View photosMoreA staff member stands next to robots at a plant of Kuka Robotics in Shanghai, China August 13, 2014.REUTERS/Pete Sweeney/File PhotoFRANKFURT Reuters - German billionaire Friedhelm Loh stands to make a huge profit if industrial robot manufacturer Kuka accepts a $5-billion takeover bid by Chinese home appliance producer Midea .But the media-shy entrepreneur has not said whether he will sell his 10-percent stake in Kuka under the offer, announced last week, which would transfer cutting-edge German technology into Chinese hands.Another big shareholder, German mechanical engineering group Voith, holds a 25-percent stake and has not announced its plans.If Midea's unsolicited bid is successful, it could net Loh about three times the investment he made over the course of 2014, according to Reuters calculations.His purchase of a stake in Kuka, a poster child of Germany's drive to upgrade its manufacturing sector to master the industrial Internet, was his first foray into publicly listed companies just over two years ago.
Reuters – Verizon is working on its bid for Yahoo s core assets with an investment bank which was, as recently as last year, one of the U.S. internet company s top advisers, people familiar with the matter said.Verizon has added former Yahoo adviser Bank of America to its roster of investment banks, as the U.S. telecommunications carrier seeks an edge over other bidders ahead of a June 6 second-round bid deadline in the auction for the core assets, the people said this week.The sources asked not to be identified because details of the auction process are confidential.Verizon, Yahoo and Bank of America declined to comment.Bank of America has intimate knowledge of Yahoo.The bank was listed as its lead adviser last year on a plan to spin off its 15 percent stake in China s e-commerce company Alibaba, whose value is equivalent to 84 percent of Yahoo s $35 billion market capitalization.That plan was abandoned in December on concerns that the spin-off could result in a tax bill that would have potentially exceeded $10 billion.Bank of America can also help provide financing for Verizon s offer.The three other investment banks working on the bid — Guggenheim Partners, LionTree and Allen & Company — are boutiques with limited or no balance sheet for deal financing.While Verizon is prepared to buy all the core assets, the New York-based company is primarily interested in Yahoo s advertising technology tools, according to one of the sources.It is also examining how the other assets up for sale, such as search, mail and messenger, could be combined with the corresponding businesses of AOL, which it acquired last year for $4.4 billion, the source said.Given its synergies with AOL, analysts see Verizon as the most likely candidate to prevail in the auction for Yahoo s web business, which has garnered interest from a host of private equity firms and other bidders such as a Warren Buffett-backed consortium led by Quicken Loans Inc founder Dan Gilbert.While valuation estimates for Yahoo s core assets vary, sources have suggested that first-round bids for the assets ranged from $4 billion to $8 billion.Beyond AOL, Verizon has taken other steps to advance its advertising-backed internet business, including taking over Microsoft Corp s advertising technology unit and buying a company called Millennial Media.Reporting by Greg Roumeliotis in New York and Liana B. Baker in San Francisco; Additional reporting by Malathi Nayak in New York; Editing by Richard Chang
View photosMoreProducts of Midea are seen at a shop in Beijing, China, May 18, 2016.REUTERS/Kim Kyung-HoonAUGSBURG, Germany Reuters - The chief executive of German industrial robot maker Kuka said on Friday he welcomed an impending 4.5 billion- euro $5 billion takeover bid from Chinese home appliance maker Midea ."We have set ourselves a goal of reaching a billion euros in sales by 2020.Kuka is the latest and biggest German industrial technology group to be targeted by Chinese buyers as the world's second-largest economy makes the transition from a low-cost factory location into a high-tech industrial hub.Kuka's management and supervisory boards have not yet made official recommendations to shareholders about the Midea bid, which has still to be launched.Reporting by Jens Hack; Writing by Georgina Prodhan; Editing by Maria Sheahan