Bytedance in talks over sale of Tiktok assets in India after ban February 13, 2021 The Chinese owner of Tiktok is said to be in talks over a sale of its Indian assets to rival Glance after the viral video app was banned in the country. The discussions between Bytedance and Glance, which were initiated by Softbank, are complex and in early stages, Bloomberg reported. Google-backed Glance serves news and [...]
Tiktok’s forced sale to Oracle halted as Biden reviews China policy February 10, 2021 Tiktok’s sale of its US business to Oracle and Walmart has reportedly been put on ice as President Joe Biden reviews the Trump administration’s crackdown on Chinese firms. The video platform had been forced into offloading its American unit by former president Trump, who argued user data could be shared with Beijing. Tiktok has always [...]
Amundi CEO steps down on a high as fund manager reports record profit February 10, 2021 Yves Perrier is stepping down after more than a decade running Amundi, Europe’s largest asset manager. He will be succeeded by his deputy Valérie Baudson, the group said on Friday. Perrier, who has led the French firm since its creation in 2010, announced his departure as the group reported a record fourth-quarter profit. He will [...]
WPP buys Brazilian software engineering firm DTI Digital February 10, 2021 Creative transformation company WPP has acquired DTI Digital, a leading digital innovation and software engineering firm. DTI’s digital services help clients become more connected to their customers, through the development of support systems such as data collection software. The Brazilian company scales up its expert development teams in response to client needs, comprising more than [...]
The rise of TikTok ‘finfluencers’ offers lessons for the investment industry February 2, 2021 No longer just a platform for teenage dance challenges, TikTok is becoming the number one spot for financial advice.
WPP signs early access advertising deal with Tiktok February 1, 2021 WPP has secured an advertising partnership with Tiktok, marking a key step in the holding group’s efforts to cash in on the wildly popular video app. The tie-up will give WPP’s clients early access to Tiktok’s new advertising services while they are under development, which the ad giant said will ensure they remain “at the [...]
Ousted Credit Suisse boss Tidjane Thiam to launch ‘blank cheque’ venture January 11, 2021 Former Credit Suisse chief executive Tidjane Thiam is said to be launching a so-called blank cheque firm, a year after he was ousted following a lurid spy scandal. Thiam is raising $250m (£185m) for a special purpose acquisition vehicle that will invest in financial services businesses across the globe. JP Morgan Chase is helping to [...]
London First CEO Jasmine Whitbread leaves for Travis Perkins January 6, 2021 London First announced this morning that CEO Jasmine Whitbread will step down after four years at the non-profit. Whitbread plans to succeed Stuart Chambers as non-executive chairman at building material and equipment giant Travis Perkins at the end of March. “I’ve had four exhilarating years at the helm of London First, grappling with the impact [...]
S4 Capital chases post-Brexit expansion with two more acquisitions January 4, 2021 S4 Capital today said it was ramping up its expansion plans after Brexit as the advertising firm unveiled a further two acquisitions. Sir Martin Sorrell’s marketing group has snapped up creative agency Decoded Advertising and data-driven performance marketing firm Metric Theory. It marks the latest in a flurry of acquisitions for S4, which has grown [...]
Ads giant WPP turns to tech to restore growth after accounting error December 17, 2020 WPP, the world's biggest advertising company, set out its plans to restore revenue growth to pre-pandemic levels by 2022.