As internet customers vie for cheaper online alternatives, internet service providers are courting media companies to own some of the content delivered on their network…in a bid to remain competitive.
A merger would come at a pivotal time in the communications industry, where the giants are scrambling to create entertainment empires to maintain competitiveness as consumers increasingly embrace cheaper, digital alternatives. NYT
Dolphin Cove - An amazing attraction
On Wednesday November 18, 2015, when over J$3 billion was exchanged for 229.7m Dolphin Cove shares, it became very obvious that a major move had been made for the Jamaican-born tourism company. The only person capable of making such a trade would be Stafford Burrowes and family who owns the largest chunk of the fast-growing tourism company. Continue Reading
Red Stripe Beer
Desnoes & Geddes Limited, makers of Jamaica’s famous Red Stripe Beer is being taken over by Heineken International as they now have a controlling stake in the company.
Diageo (headquartered in London) which had a controlling stake in the company (57.87%), sold their shares to Heineken, who also owned (15.45%) of the company separately. As a result, the total shareholdings of Heineken are now over 73% and the company can make an offer for the remaining shares in the company that it does not own. Continue Reading
Sagicor Financial Corporation
Sagicor Real Estate X Fund Limited is pleased to announce that it proposes to undertake a rights issue of up to 598,134,700 new ordinary shares on the basis of two (2) new ordinary shares for every five (5) ordinary stock units held as at August 17 2015 (“the Record Date”). Continue Reading
Air Jamaica - Soaring to new heights
Jamaica’s Norman Manley International Airport, based in Kingston is being divested by the government. The airport is currently going through a bidding process and a heavy-weight group of investors are one of the forerunners to run the airport. Continue Reading
Sagicor Financial Corporation
The Sagicor Group, through it’s Sagicor X Fund subsidiary has made another real estate acquisition. Sagicor, which currently owns 3 hotel on the north coast and are in the process of developing a mega water park project, have now added a major coup to their real estate arsenal. Continue Reading
The GraceKennedy Group CEO, Don Wehby, has announced that subsidiary, First Global Holdings Limited (FGH), has entered into an agreement dated April 24, 2014 for the sale of its 100% shareholding in First Global Financial Services Limited (“FGFS”) to Proven Investments Limited (“Proven”), subject to regulatory approval with a transaction value of over J$3.05 billion. Proven will change the name of the company on completion of the sale. Continue Reading
Techcrunch reports that ‘Facebook is purchasing messaging giant WhatsApp for $16 billion in cash and stock, according to a regulatory filing. The deal is being cut for $12 billion in Facebook shares, $4 billion in cash and an additional $3 billion in restricted stock units (RSUs) for employee retention.’ Continue Reading