Monday, January 15, 2024

Switzerland-based SoftwareOne, which advises companies on cloud strategies, rejects Bain's $3.5B takeover, ending months of back-and-forth; SWON.SW drops 10%+ (Bloomberg)

Bloomberg:
Switzerland-based SoftwareOne, which advises companies on cloud strategies, rejects Bain's $3.5B takeover, ending months of back-and-forth; SWON.SW drops 10%+  —  - Bain had offered the equivalent of 18.8 Swiss francs per share  — Company has been in negotiations with Bain for several months



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Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...