Author: PageOne

Marc and Lynne Benioff acquires Times Magazine
Global

Marc and Lynne Benioff acquires Times Magazine

Marc and Lynne Benioff have both acquired Time Magazine from Meredith Corporation. Meredith Corporation said in a statement that it sold the media giant for $190 million in cash. The transaction is subject to customary closing conditions and regulatory approval and is expected to close within 30 days. The Benioffs […]

Marketing and the future of innovation
Marketing

Marketing and the future of innovation

Fifteen years ago, if anybody had told you that a non-existing startup will turn out to be the world’s largest taxi company and it would have no single taxi to its name, you would have dismissed it as a hoax. Here we are in 2018, Uber, the world’s largest ride-hailing […]

Prudential reviews capital position ahead of M&G demerger
Global

Prudential reviews capital position ahead of M&G demerger

Ahead of its proposed demerger of M&G Prudential from Prudential plc, Prudential said it expects to rebalance its debt capital across Prudential and the ultimate holding company of M&G Prudential. In anticipation of commencing this debt rebalancing, Prudential intends to update the prospectus relating to its £10,000,000,000 Medium Term Note […]

Hydro cancels bid for Rio Aluminium
Global

Hydro cancels bid for Rio Aluminium

Rio Tinto has been informed by Hydro that it has withdrawn its offer to acquire the ISAL smelter in Iceland. The bid would have included Rio Aluminium’s 53.3 per cent share in the Aluchemie anode plant in the Netherlands and its 50 per cent share in the Aluminium fluoride plant […]

Nigeria’s finance minister, Kemi Adeosun resigns
Policy

Nigeria’s finance minister, Kemi Adeosun resigns

There are official reports that Nigeria’s finance minister, Kemi Adeosun, has tendered her resignation from President Muhammadu Buhari’s cabinet. Kemi Adeosun has been in the eye of the storm for an alleged forgery of her National Youth Service Corps certificate. Since the controversy started, Adeosun has not commented on the […]