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Uber Agrees To Buy Postmates For $2.65BN In Stock After Losing Battle For GrubHub
After failing to convince GrubHub’s millennial managers that a tie-up would be the best bet for the publicly traded takeaway rival to Uber’s fast-growing Uber Eats, Uber has moved on to ‘Plan B’, and agreed to buy Postmates in a $2.65 billion all-stock deal. Uber Eats head Pierre-Dimitri Gore-Coty is expected to continue to run…
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‘The Enron of Germany’: Wirecard scandal casts a shadow on corporate governance
KEY POINTS The Wirecard accounting scandal has raised fresh questions about corporate governance, with some experts calling it the “Enron of Germany.” German financial regulator BaFin has come under fire for its handling of the situation, with the government now calling for regulatory reform. There are also questions about why EY, Wirecard’s auditor, didn’t pick…
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World Bank Issues Bond That’s Entirely Based on Blockchain Technology
The world’s first public bond created and managed using only blockchain had support from seven investors, Commonwealth Bank of Australia the sole lead manager of the deal said on Friday, helping raise A$110 million ($80.48 million) for the World Bank. Commonwealth Bank (CBA) executive general manager James Wall said that the deal, designed to test…
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