Here is a selection of announcements that have made (or will make) move the prices of these companies:
(Come back and read us from time to time
so as not to miss an update)
Toyota (TM, US $ 178.13) will not broadcast any advertising related to the Tokyo Olympics on Japanese TV channels. The automaker is one of the main sponsors of the event, but considers the topic to have become too controversial. This extraordinary decision by the largest Japanese car manufacturer highlights how polarizing the question of holding the Olympic Games has become among the country’s population. The number of COVID-19 cases continues to rise in Japan as the opening ceremony is scheduled for Friday. “There are many issues related to these games that are proving difficult to understand,” Toyota director of communications Jun Nagata told reporters on Monday. In addition, the president and CEO of the company, Akio Toyoda, will not attend the opening ceremony. Yet around 200 athletes participating in Olympic and Paralympic competitions are associated with Toyota, including swimmer Takeshi Kawamoto and softball player Miu Goto.
The American online video conferencing platform Zoom (ZM, US $ 361.97) on Sunday announced the acquisition of cloud-based customer services specialist Five9 in a $ 14.7 billion, fully equity-funded transaction. Zoom offers the equivalent of $ 200.28 per Five9 stock, which is, like him, listed on the Nasdaq, a premium of 12.7% over Friday’s closing price. The operation will be carried out, a priori, by issuing new shares of the video conference platform, even if the group did not specify the exact terms in its press release. On Sunday evening, the US market regulator, the SEC, had not yet published the regulatory document detailing the proposed acquisition, which will have to be approved by the shareholders of Five9. Taking as a benchmark the value of their respective stocks at Friday’s close, Zoom ($ 106.6 billion) weighs almost ten times Five9 (11.9) in terms of market capitalization.
Chinese internet giant Tencent says it has reached an agreement to buy UK video game studio Sumo (SUMO, £ 494.50) for £ 919million. Sumo’s board of directors has accepted the offer, which covers all of the company’s capital, according to a statement. Sumo is a developer created in 2003 in the north of England, which now has offices in several countries around the world including India and Poland, and has 1,200 employees. The studio is mainly known for having worked on flagship licenses of publishers like Sega (“Sonic Racing” in particular) or Sony (“Little Big Planet”). Its stock soared 41.95% to 508.17 pence Monday morning around 9.40 a.m. GMT, almost matching the price of 513 pence per share offered by the Chinese.