Deals resurgence, aid to Beirut, internal pushback at Nike
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 10 August 2020
⏱️ 11 minutes
🧾️ Download transcript
Summary
A series of blockbuster deals has led a resurgence in M&A activity since the start of July, and international donors agreed to fund €250m in emergency aid for Beirut after a chemical explosion devastated Lebanon’s capital. Plus, the FT’s US sports business correspondent, Sara Germano, explains why a group of employees at Nike have asked management to publicly acknowledge the company’s own internal shortcomings on equality before promoting the ideal to consumers.
Megadeals lead M&A revival as big companies bulk up
ft.com/content/59378fea-79a9-4684-ae03-a41798a6245c?
Future of Lebanon and entire region at stake, warns Macron
https://www.ft.com/content/c44ff8e3-1715-499f-8d0e-6774a3d6b8aa
Black employees at Nike object to company’s new ad
https://www.ft.com/content/e8b4a2e3-e0cf-467a-890b-b64db664778a
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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:01.6 | Today is Monday, August 10th. |
| 0:04.0 | And this is your FT news briefing. |
| 0:09.0 | After our lull, |
| 0:10.0 | blockbuster corporate deals are making a comeback. |
| 0:13.0 | And the international community is rallying around Beirut after last week's explosion. |
| 0:18.0 | But they want real reform from Lebanon too. |
| 0:21.0 | Plus, Nike branded itself as a socially conscious |
| 0:25.0 | and progressive brand for decades. |
| 0:27.3 | But how do those values hold up internally? |
| 0:30.5 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:34.0 | Blockbuster deal-making is back and in a big way. |
| 0:40.0 | Blockbuster deal-making is back and in a big way. |
| 0:44.0 | Eight deals of more than $10 billion have been signed in the past six weeks. |
| 0:48.0 | That's according to Refinitive Data. |
| 0:50.0 | It's the fastest start to the second half of the year for mega deals since 2007 |
| 0:55.0 | As share prices have recovered many of those deals contemplated earlier this year are back on track |
| 1:01.0 | Some of the highlights the Japanese owner of the 711 convenience store |
| 1:05.4 | chain called 7 and I Holdings, bought Marathon Petroleum Speedway Gas Station's |
| 1:10.4 | business. That sale went to the tune of $21 billion. And then there was |
| 1:15.4 | analog devices 20 billion dollar deal to buy a rival chipmaker Maxim |
| 1:19.2 | integrated products. This resurgence in M&A came after coronavirus caused a slowdown in deal-making from April to the end of June. |
... |
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