Select corporate, SEC announcements — Q2 2019

December 20, 2019 | 6:18pm
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Select corporate, SEC announcements — Q2 2019
December 20, 2019

France's competition authority has fined Google 150 million euros ($167 million) for abusing its dominant position on the market for advertising linked to web searches, the regulator announces.

The authority, in its first-ever sanctioning of the American giant, also ordered Google to "clarify the operating rules of its Google Ads advertising platform and the procedures for suspending the accounts" of certain advertisers. — AFP

June 28, 2019

A consortium including Lego owner Kirkbi agrees to buy Britain's Merlin Entertainments, owner of popular tourist attractions Madame Tussauds and the London Eye, for £5.0 billion.

Kirkbi, which is the majority owner in Danish toymaker Lego, says in a statement that it has agreed to buy Merlin in a consortium with US private equity group Blackstone and Canadian pension fund CPPIB for the equivalent of $6.3 billion, 5.6 billion euros, or £5.9 billion including debt. 

June 18, 2019

At the Paris Airshow, budget carrier Cebu Pacific Air says it ordered 31 Airbus jets.

The order includes:

  • 10 newly launched long-range A321XLR
  • 16 A330neos
  • Five A320neos

The deal is estimated to be worth around $6 billion.

June 14, 2019

Attention, travelers. AirAsia holds seat sale with five million promotional seats up for grabs for 72 hours.

Bookings will be available from Monday, June 17, at 12:01 a.m. to Wednesday, June 19, at 12 a.m. for travel between Nov. 1, 2019 and Sept. 8, 2020.

The airline says promotional all-in members fares from as low as P16 for flights from Clark  to Cebu, Davao, Cagayan de Oro, Puerto Princesa, Caticlan; from P316 for flights from Cebu to Caticlan, Macau, Cagayan de oro, Kuala Lumpur, Singapore; and from P790 for flights from Manila to Cebu, Bohol, Davao, Bangkok, Kuala Lumpur and many more are available

AirAsia BIG Members will be able to take advantage of a 24-hour priority access period from Sunday, June 162019 at 12:01 a.m.

June 12, 2019

Rakuten, Inc., a global leader in internet services, today announced the launch of Rakuten Sports. This new live streaming and video on demand sports entertainment platform provided by Rakuten will deliver sports content to a global audience.

Rakuten Sports provides viewers with Meiji Yasuda J1 League matches from the 2019 season both live and on demand. The service’s content portfolio, currently centered on soccer, also features the original series Iniesta TV, which follows the international soccer star Andrés Iniesta who plays for the Rakuten Group’s J.League soccer club, Vissel Kobe. — AFP

June 7, 2019

Japan's Mos Burger is set to open its first Philippine restaurant — and ninth overseas market — by the end of March next year. 

News on the fast-food chain's first expansion into a new market in seven years was reported by Nikkei Asian Review Thursday.

Mos Food Services and local peer Tokyo Coffee Holdings will set up a joint venture as early as August with the latter owning a 65% majority stake in Mos Burger Philippines

The venture's first restaurant will be located in Manila with the goal of running a chain of 50 outlets by 2027.

Photo from Mos Burger website.

June 6, 2019

Italian-American carmaker Fiat Chrysler says it had withdrawn a proposal for a merger with Renault, saying it will be unable to reach an agreement with the French government.

Fiat Chrysler "remains firmly convinced" of the interest of its offer but "political conditions do not currently exist in France to carry out such an arrangement," it says in a statement.


May 15, 2019

Discovery Inc. acquires Golf Digest from Condé Nast.

Golf Digest among the world's top golf media brands. It is expected to extend Discovery's global golf media business to the U.S. market through its multiplatform distribution and reach.

The acquisition creates a powerful programming engine by adding Golf Digest to GOLFTV's offerings that already include exclusive carriage of the PGA TOUR, the European Tour, and the Ladies European Tour, as well as the Masters Tournament, in select territories outside the U.S. and Discovery's exclusive global content partnerships with Tiger Woods.

The addition of Golf Digest will allow the company to now reach golf fans more premium content such as instructional videos, equipment advice, course rankings, travel destinations and online bookings.

Tiger Woods on Golf Digest
May 11, 2019

Aseana Residential Holdings Corp., a subsidiary of D.M. Wenceslao & Associates Inc., tops off its first residential condominium project Pixel Residences.

In less than one year, the low-density residential development sold 170 units, the company says in a statement, hailing it "a resounding success amid a highly competitive development landscape."

May 10, 2019

San Miguel Corp. won the bid for the Philippine business of Lafarge Holcim Ltd., Europe’s biggest cement maker. SMC, Holcim Philippines and LafargeHolcim confirm today the $2.1 billion buyout. 

April 29, 2019

Philips delivers Q1 sales of EUR 4.2 billion, with 2% comparable sales growth, the company says in a statement. It adds that income from continuing operations increased to EUR 171 million and Adjusted EBITA margin improved to 8.8%.

Here are its Q1 highlights, according to its release: 

  • Sales in the quarter amounted to EUR 4.2 billion, with 2% comparable sales growth
  • Comparable order intake increased 2%
  • Income from continuing operations increased to EUR 171 million, compared to EUR 94 million in Q1 2018
  • Adjusted EBITA margin was 8.8% of sales, compared to 8.7% of sales in Q1 2018
  • Income from operations increased to EUR 245 million, compared to EUR 201 million in Q1 2018
  • Operating cash flow amounted to EUR 14 million, compared to EUR 92 million in Q1 2018; free cash outflow was EUR 206 million, compared to EUR 47 million in Q1 2018
April 27, 2019

Bayer shareholders vote against the management board of the German chemical giant at its annual general meeting amid tension over the decision to buy US seeds and pesticides maker Monsanto.

At the AGM in Bonn, 55.5% voted against the board, led by embattled CEO Werner Baumann, with just 44.5% of shareholders in favor — a huge drop down from 97% support last year.

April 27, 2019

Bayer shareholders vote against the management board of the German chemical giant at its annual general meeting amid tension over the decision to buy US seeds and pesticides maker Monsanto.

At the AGM in Bonn, 55.5 percent voted against the board, led by embattled CEO Werner Baumann, with just 44.5 percent of shareholders in favor — a huge drop down from 97 percent support last year.

April 25, 2019

Nintendo says its full-year net profit jumped nearly 40%, lifted by strong sales of blockbuster game titles for its popular Switch console.

The Kyoto-based game giant says its net profit for the fiscal year to March rose 39% from a year earlier to 194 billion yen ($1.7 billion), while forecasting a moderate decline in the current fiscal year.

April 8, 2019

Major media brands Discovery and BBC Studios are teaming up for a unique service that will rival some of Netflix's offerings.

Known for their natural history series "Planet Earth," "Blue Planet" and "Life," the two brands sign a major global content partnership and subscription video on demand service as part of a series of agreements.

The companies announce this month that the multi-million pound deals will cover a "library of premium factual series to power a new global streaming service, and a bespoke development deal for BBC Studios' iconic genres of natural history, animals, adventure, science, travel, space, history and civilization documentaries."

April 3, 2019

Tech startup Ascent launches pioneer helicopter ride-sharing platform in the Philippines.

The announcement came a few years after transport network vehicle service Grab rolled out a short-lived service called GrabHeli.

Initial services include a 3-minute ride from Makati to Bonifacio Global City, that would normally take 30 to 45 minutes. The rate, however, is staggering, as this would cost a passenger at least P6,900 for a seat. — Reports from The STAR/Richmond Mercurio

Smartphone manufacturer OPPO claims it has secured 24 percent of market share as of the fourth quarter of 2018, within its fourth year of entry to the Philippnes, citing data from Canalys.

The F series model, with more than 2 million users, was the top-selling model within its price range at MX and Abenson, among other dealers, the company says in a release.

"This is particularly notable since 2018 saw continuous decline in global smartphone market sales. IDC data suggests that total global smartphone shipments dropped by 4.1 percent year-on-year," its release reads.


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