‘talks’ Tagged Posts

Wal-Mart in talks to buy online retailer Jet.com: report

Jet.com much worth more than $ 3000000000 could be, the Journal said, referring to people familiar with the matter. Wal-Mart spokesman Greg Hitt...

 

Wal-Mart in talks to buy online retailer Jet.com: report

Jet.com much worth more than $ 3000000000 could be, the Journal said, referring to people familiar with the matter.

Wal-Mart spokesman Greg Hitt declined to comment and Jet could not be reached immediately for comment.

The world’s largest retailer is playing catch with Amazon.com Inc distribution and technology. The acquisition could give it access to Jet.com innovative pricing software, network of warehouses and customer data.

For the past five years, Wal-Mart has been on an acquisition spree, buying 15 startups in an effort in the talent and technology needed to drive e-commerce growth to bring. This includes social data analysis starts its nuclear Silicon Valley become technology arm @WalmartLabs.

Although Wal-Mart does not mean that spending on the acquisition, it has a total of $ 3100000000 for revealed e-commerce and digital projects, such as the platform and new warehouses in the four fiscal years until January 2017.

Wal-Mart has a majority stake in the Chinese e-commerce company Yihaodian in 2012, but sales in June to JD.com Inc., which is China’s second largest e-commerce company.

Despite his investment, Wal-Mart has not projected when online business earnings and by converting its target of growing 20 to 30 percent per year can be difficult to achieve.

Wal-Mart’s online business struggled and posted its slowest growth in a year in the last quarter. Online sales were $ 13700000000 in 2015, according to the company Internet Retailer survey.

Wal-Mart said recently that all changes caused by reloading the e-commerce, including the installation of a new technology platform and built new warehouses, have contributed to the recent slowdown in growth.

A July 2015 study by consulting firm Kantar Retail is the extent to which Amazon has eaten at Wal-Mart customer base. The survey found that 48 percent of copper at Wal-Mart Supercenters’s orders weekly or monthly at Amazon.com on that frequency in the yard Wal-Mart placement, double the rate shopping.

The help acquisition of Jet Wal-Mart in the establishment of a larger online presence, analysts say. The start launched in July 2015 and has more than $ 500 million in the capital of venture capital companies.

initial strategy Jet’s large up-front discounts and the lowest prices on items based on a unique prys formula that factors into consideration such as basket size, provides for an annual $ 50 fee. But three months after launch, Jet change strategy and eliminated its subscription model.

Wal-Mart shares closed 0.3 percent lower at $ 72.94 on the New York Stock Exchange.

(Reporting by Nandita Bose in Chicago and Sruthi Ramakrishnan in Bangalore; Editing by Savio D’Souza and Tom Brown)

Yahoo board in final talks on future of company

 

Yahoo board in final talks on future of company

SAN FRANCISCO (Reuters) -. Board Yahoo Inc. board of directors on Friday in the third and final day of meetings to decide the future of one of the most prominent but troubled companies Silicon Valley

One option on the table for the nine board members or Yahoo’s core business, which Mail includes selling its sports sites, and advertising technology.

The company is also in the process of deciding whether to proceed with the spin-off of its $ 30000000000 stake in Chinese e-commerce company Alibaba Group Holdings Ltd.

SunTrust analyst Robert Peck said the board may hold on any decision due to the complexity of some of the options.

“While many investors may just fit a mid single-digit EBITDA different to the core value, we believe the value is more complicated,” he wrote, referring to earnings before interest, taxes, depreciation and amortization.

According to technology news site Re / Code, Yahoo’s board finished its meetings without a decision on Alibaba spinoff. The website said the decision, which may include strike, slowdown or proceed with the spin-off was expected by the end of the weekend, with reference to sources.

Calls to sell the core business increased last month when activist investor Starboard Value LP request relocation to potential tax penalties associated with a spin-off of Alibaba avoid.

In January, CEO Marissa Mayer announced that it plans to switch off the Alibaba game into an independent business. Yahoo said the transaction will be tax-free, but the US Internal Revenue Service has refused to confirm this.

Tax related to the spin-off can leave Yahoo shareholders on the corner amounted to $ 12 billion.

Analysts who follow the company said that private equity, media and Internet companies are potential buyers for Yahoo’s core business.

The game dates back to Alibaba 2005, when Yahoo paid $ 1 billion for a 40 percent share of the company in a transaction attributed to the US company co-founder, Jerry Yang.

In 2012, the two companies signed a deal to more than half of the game is back to Alibaba sell for $ 6.3 billion in cash and $ 800 million in preferred shares Alibaba Group.

The transaction Yahoo shareholders $ 3000000000 and the company more than $ 1 billion to support its core business. But it also has striking display the fact that the majority has the business value of Alibaba and a 35.5 percent stake in Yahoo Japan Corp.

Yahoo’s shares closed down 1.7 percent at $ 34.91 Friday.

(Editing by Stephen R. TROUSDALE and Richard Chang)

Yahoo in talks to buy stake in video site Dailymotion: report

 

Yahoo in talks to buy stake in video site Dailymotion: report

Yahoo Inc. is in talks to acquire a majority stake in Dailymotion, one of the most popular online video websites in the world, in what would be largest transaction Yahoo CEO since Marissa Mayer took the reins in July, The Wall Street Journal Tuesday.

Yahoo could buy up to 75 percent of Dailymotion, which is owned by the French company France Telecom-Orange telecommunications, the newspaper said, citing unnamed sources.

Dailymotion

could be worth about $ 300 million, according to the report, which noted that the agreement is not imminent and may fall apart.

“We are unable to confirm or deny or comment on speculation about possible talks between Yahoo and Orange at this time,” Dailymotion director Roland Hamilton said in an e-mailed statement.

Yahoo and France Telecom-Orange has declined to comment.

France Telecom-Orange Dailymotion acquired for $ 170 million by an agreement in two phases, with the completion of the transaction, the most recent in January. Editorial Dailymotion and management operate independently from France Telecom-Orange.

Dailymotion is the number 12 ranked online video web property in the world, according to comScore research industry. Dailymotion he says has 116 million unique visitors per month and more than 2 billion video views. Google Inc., which owns YouTube, is World No. 1 video on the web, while the ownership of several websites Yahoo was 10th on the list.

transaction would Dailymotion biggest transaction since Yahoo Mayer, a former executive of Google, took over last year. Yahoo has acquired several small businesses and mobile web startups since Mayer became chief executive last year.