LVMH to win EU antitrust approval for Tiffany deal: sources

By Foo Yun Chee



a close up of a computer: FILE PHOTO: Tiffany & Co. jewelry is displayed in a store in Paris


© Reuters/Gonzalo Fuentes
FILE PHOTO: Tiffany & Co. jewelry is displayed in a store in Paris


BRUSSELS (Reuters) – French luxury goods group LVMH is set to gain EU antitrust approval for its acquisition of U.S. jeweller Tiffany , people familiar with the matter said.

The EU decision comes amid a legal battle between LVMH and Tiffany, with the latter suing the Louis Vuitton owner in a Delaware court, alleging that the French company has deliberately been stalling the completion of the deal.



a sign on a brick building: FILE PHOTO: A LVMH luxury group logo is seen prior to the announcement of their 2019 results in Paris


© Reuters/Christian Hartmann
FILE PHOTO: A LVMH luxury group logo is seen prior to the announcement of their 2019 results in Paris

Tiffany has alleged that LVMH has improperly tried to renegotiate the deal, which was agreed in November last year before the COVID-19 pandemic emerged and hit countries and companies worldwide.

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LVMH has countersued Tiffany, alleging that the U.S. company has been mismanaged during the COVID-19 pandemic.

The European Commission, which is scheduled to decide on the deal by Oct. 26, declined to comment. LVMH and Tiffany did not immediately respond to a request for comment.

The two companies had several overlaps in some areas but these are not serious enough to trigger competition concerns, the people said.

The U.S. Committee on Foreign Investment and antitrust enforcers in Australia, Canada, China and South Korea have already given the green light to the deal.

(Reporting by Foo Yun Chee, additional reporting by Silvia Aloisi in Milan and Aishwarya Venugopal in Bengaluru; editing by David Goodman and Jane Merriman)

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Exclusive: Supply chain software firm E2open nears deal to go public – sources

(Reuters) – U.S. supply chain management software firm E2open LLC is nearing a deal to go public through a merger with blank-check acquisition company CC Neuberger Principal Holdings I at a valuation of more than $2.5 billion, including debt, people familiar with the matter said on Tuesday.

An agreement could be announced as soon as Wednesday, the sources said, cautioning that talks could still falter. E2open is owned by private equity firm Insight Partners.

The sources requested anonymity because the matter is confidential. CC Neuberger declined to comment. E2open and Insight Partners did not immediately respond to requests for comment.

CC Neuberger I shares rose as much as 10.7% on the news but pared gains to close 3.2% higher at $10.53.

CC Neuberger I is a special purpose acquisition (SPAC), or shell, company that uses proceeds from an initial public offering to acquire a private company, which then becomes public as a result.

Merging with a SPAC has become a popular alternative to going public in a traditional initial public offering, as it involves less regulatory scrutiny and more certainty over the market valuation and funds raised.

So far this year, sports betting platform DraftKings Inc and electric commercial truck maker Nikola Corp have gone public by merging with a SPAC.

Insight Partners took E2open private in 2015 in a roughly $273 million deal. The Austin, Texas-based company sells software that allows companies to manage their supply chain.

E2open’s revenue is around five times what it was in 2015, one of the sources said. It stands to benefit as companies automate their supply chains further in the COVID-19 pandemic.

Led by veteran Wall Street dealmaker Chinh Chu’s investment firm, CC Neuberger I raised $414 million in an IPO in April with the aim of buying a company in the financial,

Amazon Prime Day Tech & Electronics Deals 2020: Early Home & Office Electronics, Tech, & Gadget Savings Listed by Deal Stripe

(MENAFN – GlobeNewsWire – Nasdaq) Check out our review of the best electronics, Amazon device, & tech gadget deals for Amazon Prime Day, including deals on Amazon handpicked electronics such as computers, laptops, smart TVs, & headphones

Find all the best early tech and electronics deals for Prime Day, together with all the latest home and office electronics, school devices, and tech and gadget deals. Links to the best deals are listed below.

Best deals:

  • Save up to $280 on the latest headphones from Bose, Sony, Beats & more top-rated audio brands – at the Amazon Prime Day sale
  • Check out the full range of Amazon devices on sale for Amazon Prime Day – save on Amazon Fire tablets, Echo smart speakers, Kindle e-readers and many more Amazon devices
  • Save up to 42% on TVs from top manufacturers including Samsung, LG, Sony & TCL – at the Prime Day sale
  • Save up to 65% on cameras at the Amazon Prime Day sale – click the link for the latest deals on cameras from top brands such as Canon, Nikon, GoPro, Nest, Logitech & more
  • Save up to 60% on a wide range of mobiles & smartphones at the Amazon Prime Day sale
  • Save up to 40% on the latest laptops from HP, Dell, ASUS, Lenovo, Apple & many more top-rated laptop brands
  • Save up to 38% on a wide range of gaming consoles & games at the Amazon Prime Day sale – check the latest deals on Sony Playstation PS4, Microsoft Xbox One & Nintendo Switch consoles and games
  • Save up to $400 on Apple devices & gear at the Amazon Prime Day sale – check the best deals on the latest iPhone, Apple Watch, iPad, MacBook & more
  • Save up to 65% on a wide range of tech &

Prime Day Deal: Apple MacBook Air $150 off

When you buy through our links, we may earn money from our affiliate partners. Learn more.

Macbook Air



Hollis Johnson/Business Insider


  • Apple’s latest MacBook Air that launched in March 2020 is down $150, with prices starting at $850 for Amazon Prime Day 2020. 
  • You get the full $150 discount on the two available models at checkout. 
  • The base 256GB model with a dual-core processor typically retails for $1,000, and the 512GB model with a faster quad-core processor usually goes for $1,300.
  • Getting $150 off on a MacBook Air is a good deal by Apple device standards, and it’s the best we’ve seen for these laptops on Amazon so far. 
  • The MacBook Air is an ultra-slim and portable laptop that’s also the most affordable in Apple’s laptop lineup, and it’s the best MacBook for the vast majority of people who need laptops.

Apple’s latest MacBook Air that launched in March 2020 is $150 off for an early Amazon Prime Day 2020 treat. This discount is a good deal by Apple device standards.

That brings the typical $1,000 price of the base MacBook Air with 256GB of storage, 8GB of RAM, and a 10th-gen Intel Core i3 dual-core processor down to $850. 

The pricier model with a 10th-gen Intel Core i5 quad-core processor, 512GB of storage, and 8GB of RAM is also getting a $150 discount, bringing its usual $1,300 price down to $1,150. These are the best prices we’ve seen for Apple’s 2020 MacBook Air.

The Core i3 model is incredibly affordable for an Apple laptop, and it’ll work just fine for the majority of people who mostly use a web browser for light and basic tasks. Still, the base MacBook Air’s Core i3’s dual-core chip is under-powered by today’s standards, especially for a laptop that costs more than $800 with a deal. 

Twilio confirms it is buying Segment for $3.2B in an all-stock deal

Twilio today announced its biggest acquisition to date, spearheading a strong move into customer data management alongside its existing API-based tools for building and running customer communications services. Twilio is paying $3.2 billion “in Twilio Class A common stock, on a fully diluted and cash free, debt free basis” to acquire Segment, a marketing technology startup that lets organizations pull in customer data from one app into another, by way of APIs, and use its platform to better control the movement of that customer data.

The deal is expected to close in Q4 2020, and Segment will become a division of Twilio, the companies said.

The deal was first reported to be in the works on Friday. (FWIW we’d also gotten the same tip and had been investigating it when that story got published. Our sources had said that the deal was going to be between $3 billion and $4 billion, and announced possibly as soon as Monday.)

“Data silos destroy great customer experiences,” said Jeff Lawson, co-founder and CEO of Twilio, in a statement. “Segment lets developers and companies break down those silos and build a complete picture of their customer. Combined with Twilio’s Customer Engagement Platform, we can create more personalized, timely and impactful engagement across customer service, marketing, analytics, product and sales. We are thrilled to welcome Segment to the Twilio team.”

“Together, Twilio and Segment have an incredible opportunity to build the customer engagement platform of the future,” added Peter Reinhardt, Segment’s co-founder and CEO. “We created Segment to help businesses set themselves apart in the digital age and deliver rich, connected customer experiences built on high-quality data. By joining forces and applying our customer data platform to Twilio’s engagement cloud, we’ll be able to make the entire customer experience seamless from end-to-end.”

This is Twilio’s