Tag: billion

TikTok rival Triller to merge with NASDAQ-listed AGBA, creating $4 billion social media and financial services company

by  on  in Business Financial News

Financially troubled social media app and TikTok competitor Triller is merging with a Hong Kong financial services company to create a $4 billion company that will have its hands in social video, content generation, wealth management, and fintech.

The move could help Triller overcome recent financial difficulties and compete with TikTok at a time when the ByteDance-owned short video app is under pressure from lawmakers in the US, and mired in a licensing dispute with Universal Music Group.

Triller, which began in 2015 as a music video creation tool, and evolved into a music-focused video platform that is often described as a TikTok competitor, announced on Thursday (April 18) that it’s merging with AGBA, a NASDAQ-listed financial services company that operates primarily in Hong Kong.

Under the terms of the all-stock merger, Triller shareholders will own 80% of the new AGBA Group Holding Ltd., while current AGBA shareholders will own the remaining 20%.

According to the announcement, the deal valuates Triller at USD $3.2 billion (considerably less than earlier estimates of $5 billion) and AGBA at $800 million, giving the combined company a pro-forma value of $4 billion.

AGBA says the merger has been approved by both companies’ boards, but is “subject to regulatory and stockholder approvals” and other closing conditions.

“This groundbreaking merger combines AGBA’s financial expertise with Triller’s cutting-edge AI-driven content creation and SaaS capabilities, aiming to transform global digital ecosystems,” AGBA said in a statement issued Thursday (April 18).

“By strategically integrating AGBA’s financial services expertise with Triller’s innovative suite of AI-driven digital content and SaaS offerings, this merger establishes new benchmarks in the convergence of technology, finance, and media.”

AGBA describes itself as a “leading Asia-based financial services company” and says it has 400,000 individual and corporate customers

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Automotive Advertising Market worth $167.07 billion by 2030,

by  on  in Advertising & Marketing
Automotive Advertising Market | 360iResearch

Automotive Advertising Market | 360iResearch

The “Automotive Advertising Market by Type (Location Independent Advertising, Location-Based Advertising), Product (Experiential Marketing, Online Advertising, Outdoor Advertising), Category, End-User – Global Forecast 2024-2030” report has been added to 360iResearch.com’s offering.

The Global Automotive Advertising Market to grow from USD 82.84 billion in 2023 to USD 167.07 billion by 2030, at a CAGR of 10.54%.

Request a Free Sample Report @ https://www.360iresearch.com/library/intelligence/automotive-advertising?utm_source=openpr&utm_medium=referral&utm_campaign=sample

Automotive advertising focuses on marketing strategies to create consumer interest and influence purchasing decisions within a diverse demographic of potential auto buyers. Surging adoption to generate awareness about particular models and emphasize brand awareness and the rising number of automotive advertising agencies across the globe are driving market growth. Moreover, promising social media influence and digital marketing for automotive advertising propel market expansion. Huge costs for innovative and attractive advertisements, seasonal drops in sales, and high competition among automotive advertisers are restricting market growth. Creative marketing campaigns for the automotive industry have a significant growth potential. Incorporating advanced AI tools for an automotive marketing strategy is also expected to create growth opportunities in the automotive advertising market.

In the Americas, primarily the United States and Canada, the automotive advertising industry is shaped by consumer preference for personal mobility and a lifestyle centered around automotive convenience. The recent shift towards electric vehicles and eco-friendly alternatives, driven by government initiatives and increased consumer awareness about environmental conservation, is evident in the growth of patents related to green technology in automotive advertising. Moving towards EMEA, European countries display a diverse demand landscape with a high emphasis on sustainable mobility solutions and electric vehicles (EVs). The advertising industry in EMEA regions thus capitalizes on these trends to craft impactful campaigns. In the Middle Eastern and African markets, demand is predominantly influenced by persistent demand for luxury vehicles

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Capital One to buy Discover for $35 billion in deal that combines major US credit card companies

by  on  in Business Card Companies

NEW YORK — Capital One Financial said it will buy Discover Financial Services for $35 billion, in a deal that would bring together two of the nation’s credit card companies as well as potentially shake up the payments industry, which is largely dominated by Visa and Mastercard.

Under the terms of the all-stock transaction, Discover Financial shareholders will receive Capital One shares valued at nearly $140. That’s a significant premium to the $110.49 that Discover shares closed at Friday.

The deal marries two of the largest credit card companies that aren’t banks first, like JPMorgan Chase and Citigroup, with the notable exception of American Express. It also brings together two companies whose customers are largely similar: often Americans who are looking for cash back or modest travel rewards, compared to the premium credit cards dominated by AmEx, Citi and Chase.

“This marketplace that’s dominated by the big players is going to shrink a little bit more now,” said Matt Schulz, chief credit card analyst at LendingTree.

It also will give Discover’s payment network a major credit card partner in a way that could make the payment network a major competitor once again. The U.S. credit card industry is dominated by the Visa-Mastercard duopoly with AmEx being a distance third place and Discover an even more distant fourth place. It’s unclear whether Capitol One will adopt the Discover payment system or may set up a payment network that allows parallel use of Discover and a second payment network like Visa.

“Our acquisition of Discover is a singular opportunity to bring together two very successful companies with complementary capabilities and franchises, and to build a payments network that can compete with the largest payments networks and payments companies,” said Richard Fairbank, the chairman and CEO of Capital One, in a statement.

With

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Insurance Advertising Market Worth $30.2 Billion by 2032 at

by  on  in Advertising & Marketing

New Castle, Delaware, Sept. 07, 2023 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “Insurance Advertising Market by Product Type (Life Insurance, and Non-life Insurance), Advertising Channel (Television, Email, Sales Calls, and Others), and Application (Direct Marketing, Network Marketing, Mobile Marketing, and Others): Global Opportunity Analysis and Industry Forecast, 2023–2032.” According to the report, the global insurance advertising industry generated $10.8 billion in 2022 and is anticipated to generate $30.2 billion by 2032, witnessing a CAGR of 11.2% from 2023 to 2032.    

Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/205624 

The purpose of insurance advertising is to increase awareness of insurance products, emphasize the advantages and features of insurance products, and build consumer trust and confidence. The process of insurance advertising includes developing, compelling, and convincing messages, creating visual and audio content, and choosing the right channels to reach the right audience.  

Insurance companies can use different types of advertising to get their message out there. TV commercials, radio spots, print ads, banner ads online, social media ads, SEO, content marketing, and direct mail are just a few of the ways. They can also work with ad agencies or marketing experts to create and run effective ads.  

Prime Determinants of Growth:  

The global insurance advertising market growth is attributed to several key factors, which include the growing insurance penetration in emerging markets, the rise of online comparison platforms, and the demand for innovative policy offerings. On the other hand, the complex and varying regulatory environments, and negative public perception of the insurance industry may hinder the growth of the market. Moreover, consumer awareness leveraging social media, and influencer partnerships are expected to create lucrative growth opportunities for the market.  

Report Coverage & Details:  

Report Coverage   Details  
Forecast Period   2023–2032  
Base Year   2022  
 Market Size in 2022    $ 10.8 Billion  
Market Size
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Exclusive: Barclays explores sale of stake in $2.5 billion UK payments unit

by  on  in Business Financial News
A Barclays bank building is seen at Canary Wharf in London

A Barclays bank building is seen at Canary Wharf in London, Britain May 17, 2017. REUTERS/Stefan Wermuth/File Photo Acquire Licensing Rights

LONDON/NEW YORK, Sept 4 (Reuters) – Barclays Plc (BARC.L) is exploring the sale of a stake in the unit that processes payments for UK merchants as the British bank seeks a partner to help grow the business, four people familiar with the matter told Reuters.

The bank is considering bringing in a partner with the strategic “know-how” to expand the business, as well as raising capital, but has yet to decide how big a stake it might sell, said the people.

The business could be valued at at least 2 billion pounds ($2.5 billion), based on estimated earnings before interest, tax, depreciation and amortisation (EBITDA) of about 300 million pounds and similar deals, one of the people said.The early-stage discussions are part of a review into its global payment activities spanning merchant acquiring and credit card services, said the people, who spoke on condition of anonymity.

Barclays distributed a presentation on its domestic merchant acquiring unit to potential bidders – mainly specialist payments providers – over the summer, two of the people said, but plans may still be altered or dropped entirely.

A spokesperson for Barclays said: “We don’t comment on speculation. Our businesses continue to perform well and growing our global payments business is a priority for us.”

Reuters reported earlier this year that Barclays, led by Chief Executive CS Venkatakrishnan, had launched a review of its global payments footprint as it debates how to best allocate capital among its divisions and boost its share price.

The group drafted in consultants to prepare separate financials for its domestic merchant acquiring operation in an initiative known internally as Project Hyperion, one of the people said.

It mirrors moves by

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Digital Business Card Market to Reach USD 6 Billion, at a 6.90% CAGR By 2030

by  on  in Business Card Companies
Market Research Future

Market Research Future

The Rise of the Digital Business Card Industry Has Transformed the Way Professionals Connect, Network, And Market Themselves.

New York, USA, May 25, 2023 (GLOBE NEWSWIRE) — According to the market research report published by Market Research Future (MRFR), “Digital Business Card Market Information by Type, Platform, Pricing, Application and Region – Forecast till 2030”, the Digital Business Card Market could thrive at a rate of 6.90% between 2022 and 2030. The market size will reach around USD 6 billion by the end of the year 2030.

Market Synopsis:

In today’s digital age, the use of paper-based business cards is becoming outdated, giving way to a more advanced and efficient solution: digital business cards. As the name suggests, digital business cards are virtual cards that can be exchanged and shared through digital platforms such as smartphones, email, or social media. These cards offer numerous benefits over their traditional counterparts, including environmental friendliness, cost-effectiveness, and ease of sharing. With the growing demand for digitalization and virtual communication, the digital business card market is expected to witness significant growth in the coming years.

Digital business cards are primarily used for networking and communication purposes. They offer a quick and easy way to exchange contact information, allowing individuals and businesses to build and maintain professional connections effortlessly. These cards can be customized to include various forms of media, such as videos, images, and links to social media profiles, making them more engaging and memorable than traditional cards. Additionally, digital business cards can be easily updated and shared, eliminating the need for frequent printing and distribution of paper-based cards. This not only saves time and money but also reduces waste and contributes to a more sustainable environment.

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https://www.marketresearchfuture.com/sample_request/10696

Market Competitive Landscape:

The

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Inflight Advertising Market Analysis Indicates Promising Growth with a Projected 9.7% CAGR, Reaching a Market Cap of USD 7.8 Billion by 2032

by  on  in Advertising & Marketing
Acumen Research and Consulting

Acumen Research and Consulting

Acumen Research and Consulting recently published report titled “Inflight Advertising Market Forecast, 2023 – 2032”

WASHINGTON, May 02, 2023 (GLOBE NEWSWIRE) — The Global Inflight Advertising Market Size accounted for USD 3.1 Billion in 2022 and is estimated to achieve a market size of USD 7.8 Billion by 2032 growing at a CAGR of 9.7% from 2023 to 2032.

Inflight Advertising Market Research Report Highlights and Statistics:

The Global Inflight Advertising Market Size in 2022 stood at USD 3.1 Billion and is set to reach USD 7.8 Billion by 2032, growing at a CAGR of 9.7%

  • The Inflight Advertising Market is growing due to the increasing number of air travelers globally and the growing demand for innovative and targeted advertising solutions.

  • The market was also driven by advancements in technology, such as the availability of in-flight Wi-Fi, enabling more interactive and personalized advertising experiences.

  • Key players in the Inflight Advertising market included Global Eagle Entertainment, IMM International, and Inadvia.

Request For Free Sample Report @ https://www.acumenresearchandconsulting.com/request-sample/3138

Inflight Advertising Market Report Coverage:

Market

Inflight Advertising Market

Inflight Advertising Market Size 2022

USD 3.1 Billion

Inflight Advertising Market Forecast 2032

USD 7.8 Billion

Inflight Advertising Market CAGR During 2023 – 2032

9.7%

 

Inflight Advertising Market Analysis Period

2020 – 2032

Inflight Advertising Market Base Year

2022

 

Inflight Advertising Market Forecast Data

2023 – 2032

Segments Covered

By Product Type, By Aircraft Type, And By Geography

Inflight Advertising Market Regional Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Key Companies Profiled

Atin OOH, EAM Advertising LLC, Epsilon, Global Eagle, IMM International, INK, JCDecaux, MaXposure Media Group (I) Pvt. Ltd., Panasonic Avionics Corporation, and Spafax.

Report Coverage

Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Inflight Advertising Market Overview

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Ford’s EV enterprise shed $2 billion in 2022, offset by fleet and legacy

by  on  in Business Financial News

The badge of a Ford Motor Co. E-Transit electrical automobile throughout a presentation in Washington, D.C., U.S., on Wednesday, July 28, 2021.

Al Drago | Bloomberg | Getty Photos

Ford Motor mentioned Thursday its electrical auto business dropped $2.1 billion past yr on an working basis, a reduction that was extra than offset by $10 billion in working earnings involving its inner combustion and fleet organizations.

The Detroit automaker expects 2023 to unfold along comparable lines, forecasting an adjusted decline of $3 billion for its EV device, modified earnings of about $7 billion for its inner combustion device, and adjusted earnings of roughly $6 billion for its fleet enterprise.

The financials are the first in-depth glimpse at unit profitability as Ford unveils a new financial reporting framework that aims to give Wall Road a improved knowing of how its electric powered auto company is evolving — and how earnings from its internal combustion businesses are funding its electrical transformation.

The reformatted reports observe a sweeping reorganization, declared in March 2022, that divided Ford’s international organization into 5 business models: “Ford Blue,” its regular inside combustion engine company a new “Ford Design e” electric vehicle unit “Ford Pro,” made up of its professional and federal government fleet business “Ford Following,” which features nonautomotive mobility answers and other long term tech and its present Ford Credit rating fiscal expert services subsidiary.

“We’ve primarily ‘refounded’ Ford, with organization segments that give new degrees of strategic clarity, perception and accountability to the Ford+ system for development and worth,” CFO John Lawler explained in a information launch. Lawler mentioned the new reporting framework is a reflection of how he, CEO Jim Farley, and other senior Ford executives are now contemplating about and functioning Ford’s companies.

Ford on Thursday shared variations of its 2021 and 2022

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Significant US banks inject $30 billion to rescue To start with Republic Bank

by  on  in Business Financial News

March 16 (Reuters) – Significant U.S. banking companies injected $30 billion in deposits into 1st Republic Bank (FRC.N) on Thursday, swooping in to rescue the lender caught up in a widening disaster activated by the collapse of two other mid-measurement U.S. loan providers in excess of the previous 7 days.

Banking stocks globally have been battered considering the fact that Silicon Valley Bank collapsed previous 7 days because of to bond-similar losses that piled up when desire costs surged past calendar year, elevating issues about what else could be lurking in the broader banking method.

Inside of times, the industry turmoil had ensnared Swiss lender Credit rating Suisse (CSGN.S), forcing it to borrow up to $54 billion from Switzerland’s central lender to shore up liquidity.

By Thursday afternoon, the highlight whipsawed back to the United States as huge banks led an effort and hard work to prop up aid for Very first Republic, a regional loan company whose shares had tumbled 70% in the previous 9 trading sessions.

Initial Republic Bank’s inventory sector collapse

Some of the most significant U.S. banking names such as JPMorgan Chase & Co (JPM.N), Citigroup Inc (C.N), Financial institution of The united states Corp (BAC.N), Wells Fargo & Co (WFC.N), Goldman Sachs (GS.N) and Morgan Stanley (MS.N) have been associated in the rescue, in accordance to a statement from the financial institutions.

The offer was place together by ability brokers which includes U.S. Treasury Secretary Janet Yellen, Federal Reserve Chairman Jerome Powell and JPMorgan Chase CEO Jamie Dimon, who talked over the deal on Tuesday, in accordance to a source acquainted with the predicament.

U.S. regulators said the show of assist was most welcome, and confirmed the resilience of the banking process.

A round of financing on Sunday elevated as a result of JPMorgan experienced

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