AirBnB victorious. AirBnB won in court to remain exempt from European property regulations, as the Court of Justice of the European Union (CJEU) ruled it was an online platform and not a property agent. The case was brought on by French tourism association AHTOP.
Atos invests in Chicago. Atos buys Maven Wave, a US company that works with Google Cloud, under financial conditions that have not been specified. This Chicago-based company employs about 330 people and is expected to generate revenues of $130 million this year.
A little expensive? Tencent has contacted large investment funds to help it take a 10% share in Universal Music Group, a subsidiary of Vivendi, according to Reuters. The Chinese giant had agreed with the French company to acquire a minority share on the basis of a valuation of 30 billion €, with which some funds "would not be comfortable with", according to informants of the press agency.
Austerity. Deutsche Bank could cut 6,000 jobs in private banking, according to information from the Handelsblatt. This is a multi-year project that also concerns the division's support functions. The objective would be to increase the envisaged annual savings from €600 million to €1 billion.
In the summer. The COMCO will decide in the summer of 2020 on a possible extension of the delivery obligation of ETA (The Swatch Group). The outcome of the current procedure remains open, with the regulator taking provisional measures to guarantee it. These provisional measures are valid for the period until December 31, 2020 at the latest. The formal obligations resulting from the amicable agreement remain valid, but for technical reasons, deliveries will in fact be provisionally suspended.
La Banque Postale on the offensive. HSBC's retail banking business in France has sparked interest from La Banque Postale, Reuters has learned. The French Postal service, a public institution, has mandated Barclays to support it in this project. In France, HSBC has a network of about 270 branches for its retail bank, with 3,000 employees. With the last rumors, this division could b valued between 1 to 1.5 billion €.
Green light. The European antitrust is e close to authorizing the repurchase of Mellanox Technologies by Nvidia for $ 6,8 billion. Yesterday, it conditionally approved Danaher's takeover of General Electric's biopharmaceuticals business.
In other news. Hemisphere Media Group has reportedly made an offer to buy Univision, the leading network of Spanish-speaking channels in the United States. Broadcom has put up for sale its RF chip division, which could be worth $10 billion. Glencore is to acquire the liquefied natural gas business of Denmark's Orsted, on terms that have not been disclosed. For the first time in its history, Facebook is going to advertise during the Super Bowl. MetLife pays $10 million in fines to the SEC for minor accounting irregularities in its pension business. Bankinter will distribute Linea Directa shares directly to its shareholders. Clariant sells its Masterbatches division to PolyOne for $1.56 billion.