Page 23 - Efinitiv News Today

Buyers and sellers of companies are clashing over how long they are willing to take responsibility for future tax liabilities, after the Centre allowed the tax department more time to relook at old transactions. This has emerged as a headwind for private equity (PE) players, in particular. It comes amid a record number of PE-backed mergers and acquisitions (M&As) over the last two years. PE funds are essentially schemes, which take money from a number of rich investors and use it to buy large...

Japans Sony Corp on Wednesday said it expects operating income to slip 4.3% this business year following record profit from sales of music, gaming and other content to people forced to stay at home by COVID-19 lockdown measures. That demand has helped Sony continue its shift from consumer electronics to entertainment content and digital subscription services, though analysts said it may wane as more people in key markets such as the United States get vaccinated against the novel coronavirus. ...

Netflix Falls Short of Q1 Subscriber Targets as COVID-Driven Growth Slows Todd Spangler, provided by FacebookTwitterEmail Netflix’s subscriber growth cooled dramatically in the first quarter of 2021 after record pandemic-fueled gains last year — and the streamer added about 2 million fewer customers than it previously expected. For Q1, the company reported a gain of 3.98 million in net global streaming subscribers. That was below its previous guidance of 6 million. Meanwhile, Netflix predi...

Latham & Watkins and Linklaters top Refinitivs global capital markets advisory rankings 19 April 2021 First quarter activity surges, with records set in global junk bond issuance and IPOs Shutterstock Latham & Watkins and Linklaters topped Refinitiv’s legal advisory league tables for global capital markets activity in the first three months of the year, which saw record-breaking quarters for junk bonds and equity capital markets deals. Latham & Watkins topped the issuer advisory rankings by...