Monday, July 18, 2016
Buying into the market? Why would the US need to approve a China-Norway deal?
Chinese $1.2 billion takeover of Norway's Opera fails, pursues alternative deal
A Chinese consortium's $1.24 billion takeover of Norwegian online browser and advertising firm Opera Software has collapsed after the deal failed to win regulatory approval by a July 15 deadline, Opera said on Monday, sending its shares to a seven-month low.
Instead, the Kunqi consortium, which includes search and security business Qihoo 360 Technology Co and Beijing Kunlun Tech Co, a distributor of online and mobile games, will take over certain parts of Opera's consumer business for $600 million, Opera said in a statement.
The original deal had needed the approval of the Chinese and U.S. authorities. Opera did not say whether approval from China, the United States, or both, was lacking.
… The Kunqi consortium now plans to acquire Opera's browser business, both for mobile phones and desktop computers, the performance and privacy apps section of the company as well as its technology licensing business and its stake in Chinese joint venture nHorizon, Opera said.
My Data Management students will need to understand this; therefore, I need to understand it.
Wall Street is obsessed with this technology — but a big group of investors is missing out
Blockchain could be a real game changer for the financial-services industry, and big Wall Street banks and stock exchanges are trying to work out how to make the technology work.
But one big subset of Wall Street — big asset-management companies — is watching from the sidelines. That could be "a mistake," according to a joint report by JPMorgan and Oliver Wyman released on Wednesday.
… Blockchain, in a nutshell, allows banks and investors to share data through what's called a distributed ledger. The alternative — which is how things are done today — is that every bank, investor, exchange, and trader keep their own records. So adopting the technology would cut down on a huge amount of so-called back-office expenses at firms that have huge staffs working just to keep records up-to-date.
And it would reduce the possibility that the data can be tampered with.
IBM Pushes Blockchain into the Supply Chain
IBM’s new service will help companies test online ledger technology to track high-value goods as they move through supply chains
Something for my graduate students to consider?
How Many of These Meeting Etiquette Rules Do You Follow?
Why everyone wants VR?