‘Exclusive’ Tagged Posts

Replace: In a bid to nook provide, Chicken locks in unique offers with the largest scooter distributors

Replace: This story has been up to date to point that the contract between Chicken and its suppliers is price tens of thousands and thousands of ...


Replace: This story has been up to date to point that the contract between Chicken and its suppliers is price tens of thousands and thousands of .

It looks as if all is honest in love and scooter wars.

Within the battle royal to develop into the final dock-less scooter startup standing (and un-besmirched by poop), Chicken has inked what it’s characterizing as unique offers with Ninebot (the dad or mum firm of Segway) and Xiaomi (sure, that Xiaomi), for rights to their provide of scooters for ride-sharing within the U.S.

Ninebot and Xiaomi are the present champions within the scooter manufacturing market, and locking of their provide could minimize off a giant supply of for opponents Spin and LimeBike, each of which used Ninebot and Xiaomi for scooters.

“That’s information to us, we’ve got a contract with each,” wrote an government at a number one scooter firm, when requested in regards to the deal and its implications for the scooter enterprise.

An individual acquainted with the Chicken transaction positioned the deal within the tens of thousands and thousands of and declined to invest on what the settlement with the 2 provider might imply for its opponents.

Since its launch in Santa Monica, Calif. in September  2017, Chicken has develop into synonymous with each the perils and promise that scooters maintain for final mile mobility.

Whereas they undoubtedly make touring throughout campuses or in comparatively small communities far more handy than automotive providers or shuttles, they’re additionally clogging sidewalks, parks, alleys, and even seashores, whereas creating untold numbers of minor visits to emergency rooms within the cities they’ve expanded into.

And Chicken has expanded into loads of cities. The corporate is at the moment working in San Diego, Los Angeles, San Francisco, Austin, Washington, DC, Nashville and Atlanta.

San Francisco’s directors are combating again in opposition to the scooter firms storming the sidewalks by instituting a brand new allowing course of. The town plans to restrict the variety of scooters within the metropolis to 1,250 and would require firms to register with the MTA.

Exclusive: U.S. ties ex-Panamanian president to SAP software bribery scheme


Exclusive: U.S. ties ex-Panamanian president to SAP software bribery scheme

WASHINGTON / Mexico City (Reuters) – A US federal judge identified the former President of Panama, Ricardo Martinelli, as one of several alleged co-conspirators in a bribery scheme that helped SAP to sell millions of dollars in software Panama, According to a document reviewed by Reuters.

The reference to Martinelli as a co-conspirator, not previously reported, come as the former president faces unrelated charges of corruption and misconduct in Panama â ?? “allegations he is politically motivated.

Martinelliâ ???? name come to light in the US bribery case against Vicente Garcia, a former executive SAP, the German software company. Garcia, 65, was in the prison sentenced to 22 months on Dec. after he pleaded guilty to conspiracy to Panamanian officials bribes to secure contracts for SAP software. 16 by a US District Court in the Northern District of California.

Judge Charles R. Breyerâ ???? order on sentencing, he has instructed to avoid contact with Garcia ???? any co-conspirator in this case, a call ???? Martinelli and six others, as a condition of his supervised release future . It is in the public order released on December 22 before sealing by the next day.

Martinelli is not charged any offense in Garciaâ ???? s event. “A US attorney for Martinelli said the former president never met Garcia.

An SAP spokesman said the company laid off Garcia in April 2014 and is together in the ongoing investigations. The spokesman pointed out that the US Securities and Exchange Commission, which circumvent a parallel study done Garcia said “internal controlsâ SAP’s ???? to fund the bribe payments.

A US Justice Department spokesman said the SAP Research is ongoing and declined further comment.

SAP is not charged.

People familiar with the matter confirmed or Martinelli received bribe payments in the settlement of the already Justice departmenta ???? examined s.

TARGETED had three officers

Garcia permitted through bribes paid to work for a software contract technology Panamaâ ???? s office social To ensure security.

The scheme, which from 2009 to 2013, has a SAP reseller a $ 14.5 million contract. SAP itself received around $ 2.1 million in software sales thanks to bribes, according to court records.

A lawyer for Martinelli in Panama, Rogelio Cruz, said there was no evidence in the cases against the former President of Panama, who rule the country from 2009- 2014. â ???? I have no doubt that thereâ ???? SA political ingredient in all of these, â ???? he said.

Cruz said he was not with the Martinelli judgeâ ???? order referring to Martinelli and discuss a co-conspirator.

A lawyer for Martinelli, based in the US who has asked to remain anonymous, said the former president “has no knowledge of [Garcia.] He has never met him. He has never been with him talk, and does not ‘t know anything about the contract or not Garcia’s role. “

A contract of this nature, added the lawyer would not reach the president desktop. Martinelli moved to Miami several months ago, and no US law enforcement authorities have the former president approached about the issue, said the lawyer.

Lawyers for Garcia, did not respond to multiple requests for comment.

In the court records, the government has said Garcia and his unidentified companions targeted three unnamed Panamanian officials with bribes payments through false invoices and seems consulting contracts in an attempt to win the deal.

The government designated as one of the officials as â ???? Official Ca ???? and said he was a very senior â ???? “official who had a substantial impact on ???? granting the Panamanian government contracts.â ???? Garcia tries that official influence through bribe payments to a â ?? ?? together,” in the government court documents.

In a December 10 memorandum asking the judge for claiming a mild sense Garcia Martinelli was the senior official. The family was Martinelliâ ???? brother-in-law, Aaron â ???? Ronia ???? Mizrachi paid a â ???? commission, â ???? Garcia claimed.

Garcia said he was unsure whether the payments by Mizrachi eventually reaches Martinelli. Garcia “Mizrachi regarded as a gatekeeper who have family ties with President Martinelli is using to get bribes for themselves,” he said. That record, originally released by the Federal Court website, it is later removed from the public eye.

Mizrachi, a few months ago Panama, Cruz said. Reuters Mizrachi could not be reached for comment.

Martinelliâ ???? name surfaced in the case as separate corruption allegations against him to pursue every mountain in Panama. The once-popular president, billions of dollars spent on a public works program is now facing six investigations over allegations closing insider trading, abuse of public funds and accepting bribes in unrelated matters.

Earlier this month, Panamaâ ???? s Supreme Court his detention necessary in a case where he allegedly used public money to spy on more than 150 people illegally. He has not yet been formally charged.

A wealthy businessman before office in 2009, Martinelli now lives in a lavish building in Miami often in Hollywood films and television productions, according to public records and media reports.

(Reporting by Joel Schectman and Christine Murray; Additional reporting by Elida Moreno in Panama City, Editing by Soyoung Kim and Martin Howell)

Exclusive: Verizon eyes roughly $100 billion bid for Verizon Wireless stake


Exclusive: Verizon eyes roughly 0 billion bid for Verizon Wireless stake

Verizon Communications Inc. has hired advisers to prepare for a possible total of 100 billion dollars cash and stock to offer complete control over Verizon Wireless joint take venture partner Vodafone Group Plc two people familiar with the situation said on Wednesday .

Verizon, which already owns 55 percent of Verizon Wireless, has a proposal for Vodafone not yet filed, but the two banks and legal advisors hired for a possible bid, the sources said.

Verizon hopes to reach an amicable agreement on talks with Vodafone but is willing to take as the British company is not involved in the negotiations, one of the sources. Public auction

There is no guarantee that Vodafone will be in a contract or offer is realized according to the same sources. Interested

In the last decade, Verizon has little secret of his desire to his British partner of the joint venture, which is made to buy the No. 1 U.S. mobile operator. The sources said that Verizon is ready to aggressively push an agreement.

Verizon, taking advantage of the historically low interest rates and the strong share price, is convinced that the company could raise about $ 50 billion in bank financing, the sources rate. Use He plans to pay for the rest of the contract with its own shares, they added. The sources requested anonymity because the talks are confidential.

is expected to be held before the annual meeting of shareholders, one of the sources. Governance of Verizon

to discuss the details of a possible buyout Verizon Wireless next week at a meeting scheduled

Verizon spokesman Bob Varettoni declined to comment, but the statement said the U.S. telephone earlier this month, which he said it would be a buyer of their company Verizon Wireless Vodafone.

Verizon Wireless and Vodafone were not immediately available for comment Wednesday.

The challenge Verizon Wireless is about two-thirds of the market capitalization of Vodafone in the intended use. The company also offers Vodafone exposure to the U.S. market in full swing. But Vodafone has studied what to do with his involvement as CEO Vittorio Colao streamlines a company built on the foundations of the aggressive expansion.

Analysts said the sale of its stake in Verizon Wireless, Vodafone will be distributed to the shareholders, the purchase of fixed assets in Europe and to make the company an attractive takeover target for other telecom giants like AT & possible money back , T Inc.

For Verizon Communications, which is based on the activities of Verizon Wireless for growth, ownership give him much more flexibility because of the cash generated by the mobile business.

New Street analyst Jonathan Chaplin said he expects to ask Vodafone more but $ 100 billion was a good starting point.

“This is a good time for both parties to seriously consider a transaction. Vodafone is likely to ever get a better multiple than now,” said Chaplin. “Growth (Verizon Wireless) is likely to slow down over time, especially as Sprint and T-Mobile USA and AT & T better. “

Verizon came close to a deal in 2004 when Vodafone tried to buy AT & T Wireless, Cingular but lost sales at auction. This Agreement may Vodafone would bring its brand across the Atlantic and should be 45 percent to sell in Verizon Wireless.

If an agreement were to happen now, it would come at a time where the telecommunications industry has recently experienced a new round of consolidation efforts. MetroPCS Communications Inc. shareholders voted to approve a merger with Wednesday No.4 U.S. wireless provider T-Mobile USA, a subsidiary of Deutsche Telekom AG.

The merger came after 2011 effort Deutsche Telekom to sell to AT & T T-Mobile for $ 39 billion has been blocked by the U.S. antitrust supervisors. Verizon would likely encounter similar obstacles redemption of Verizon Wireless.

Meanwhile, Dish Network Corp., the supplier of the U.S. satellite No.2, last week offered to buy wireless carrier Sprint Nextel Corp. for $ 25 billion in cash and 5 shares, challenge a proposed between Sprint and Japan’s Softbank Corp.

BUILDING TAX transaction

One of the major obstacles to an agreement was up here hoping that Vodafone a tax bill of $ 20 billion to make if its interest, which means that Verizon would have to pay to sell it for the British company to make the effort a high price.

But according to the sources of a transaction is structured to achieve a final tax assessment likely $ 5000000000 or less.

According to the plan, Verizon would the U.S. holding company to acquire Verizon Vodafone importance of the British band wireless and certain other assets in countries like Germany and Spain have the sources said. This structure would order from Verizon enjoying a provision of the tax in the Netherlands called substantial relief for shareholders, they said.

exempted under certain conditions for capital gains realized on the sale of shares in companies in which the seller owns at least 10 percent of the stock and the amount of stock owned for at least a year, according to Robert Willens, an expert from New York accounting and tax and a professor at Columbia Business School.

Verizon Chief Financial Officer Fran Shammo said last week that he was convinced that they could buy without significant tax implications. Vodafone game He did not say how it would work.

“The proposed tax of $ 5000000000 legislation is in line with our estimate of the taxes they have to pay for individual international issues of Vodafone subsidiary which owns Verizon Wireless, “said Chaplin.


Verizon shares have risen has easily surpassed his young colleagues this year about 20 percent so far its wireless business in terms of profitability and growth of the customer, and the face of rising hope that it will buy the rest. Verizon Wireless

investors say that the conditions for an agreement have improved after the successful acquisitions Verizon’s stock prices and the low interest rates.

Any agreement that such an important part of the stock includes, however, mean dilution for the shareholders of Verizon Communications.

If the contract is for $ 100 billion, Chaplin said it would increase Verizon Communications in 2014 to finance. earnings per share by 25 percent, even after diluting the stock Verizon payments and interest on the part of the agreement by debt

“It would be the largest investment ever to be in debt but we think it could be done, “said Chaplin.

The sources said that Verizon has not launched a formal fundraising effort, but barriers to raise money for a deal.

So far no money this year, Vodafone shares rose about 23 percent after trailing in the last months of 2012. Recent acquisitions have been attributed by analysts to sell hopes participation in Verizon.

Exclusive: Southeastern joined by other Dell investors – source


Exclusive: Southeastern joined by other Dell investors - source

At least three of Dell Inc. Top 20 shareholders support decision Southeastern Asset Management to vote against the acquisition of $ 24.4 billion manufacturer of PC # 3, led by CEO Michael Dell, a person close the file.

Among the incumbents who support Southeast Harris Associates LP, Yacktman Asset Management LP and Pzena Investment Management LLC, representing approximately 3.3 percent keep in Dell, the person said.

Yacktman Harris were not immediately available for comment. President Richard Pzena Pzena says many Dell must be in the range of $ 20 per share or the company should other options.