Commentary:European leaders at this week’s NATO summit are bracing themselves for a Trump-Putin “lovefest” when the Russian and U.S. presidents meet in Helsinki next week, writes Gregory Feifer. “Whatever happens, the summit will almost certainly deepen the rift between the United States and its European allies.”
Sky shares leapt to an 18-year high as investors bet a transatlantic battle for the European pay-TV group had further to run, after Comcast’s $34 billion bid trumped an offer from Rupert Murdoch made just hours earlier.
Broadcom announced a $18.9 billion deal to buy U.S. business software company CA, venturing far beyond its realm of semiconductors and testing investors’ confidence in its Chief Executive Hock Tan’s dealmaking credentials.
Tiger Global is helping SoftBank narrow its conglomerate discount. Chase Coleman’s hedge fund has built a more than $1 billion stake in the Japanese group, Reuters reported. That should help shrink the gap between what Masayoshi Son thinks his company is worth and its current market value. But valuing SoftBank’s Vision Fund, with stakes in a hodgepodge of startups, is still too complicated.
