Chinese companies in certain sectors considered strategic wishing to go public abroad will now have to seek approval from Beijing and the National Commission for Development and Reform. This also prohibits foreign capital from interfering in any way with the management of these companies and capped their participation in their share capital.
Delta Air Lines, American Airlines, United Airlines
Delta Air Lines, American Airlines and United Airlines drop between 1.6% and 2.1% on Monday in the pre-opening of Wall Street. It must be said that the American airlines canceled more than 1,300 flights this Sunday, reports Reuters. This is in addition to the hundreds of cancellations already recorded on Friday (New Year’s Eve) and Saturday (Christmas). At issue: the sharp rise in Covid-19 contaminations, which have forced flight personnel to quarantine.
GoDaddy
The Starboard Value LP hedge fund has acquired a 6.5% stake, valued at approximately $ 800 million, in GoDaddy, the company specializing in the management of Internet domain names. According to the Wall Street Journal, which revealed the information, the activist investor wants to push GoDaddy to improve its performance and its margins, and would seek a seat on the board of directors.
Microsoft
Microsoft announced on Friday that it would not physically attend the Consumer Electronics Show in Las Vegas. This absence in the great rout of the technological industry, which will begin on January 5, is linked to the new outbreak of Covid-19 in the world. Other big names in tech had already made this choice, the image of Twitter, Meta or even Amazon.
AOF 2021