May 26, 2018 at 3:56 a.m.
Meeker report scheduled
Business roundup
Jay County native Mary Meeker will present her annual internet trends report next week.
Meeker will present at Recode’s annual Code Conference, which is taking place from Tuesday to Thursday. Her annual reports on trends in the digital world are followed closely internationally.
Other speakers include Facebook’s COO Sheryl Sandberg, Uber CEO Dara Khosrowshahiand Airbnb founder Brian Chesky, Recode reported in a press release.
Meeker is a partner at venture firm Kleiner Perkins Caufield and Byers. She graduated from Jay County High School and DePauw University.
Producing
Ardagh Group has been tasked with producing Tabasco’s 150th Anniversary bottles.
Ardagh, which owns several glass factories in Dunkirk and Winchester, will create5 ounce anniversary bottles with the words “150th Anniversary” on them for Tabasco. The hot sauce is sold in 195 countries and its classic red-capped glass bottle with the diamond label was introduced in 1927.
Receiving incentive
Tyson Foods will receive a $20 million incentives package for its new chicken production plant in Tennessee.
Tyson is the parent company of Tyson Mexican Original in Portland.
The Tennessee State Funding Board earlier this month approved money for the plant, which will be located in Humboldt. The package includes $14 million for water, sewer and electrical improvements and $6 million for construction, the Associated Press reported. The plant is expected to open in 2019 and will bring 1,600 new jobs.
Tyson originally planned to open the plant in Tonganoxie, Kansas, but were forced to move after pushback from the city’s residents.
More shares
After purchasing 77 percent of an Indian online shopping retailer, Walmart is now poised to gain 20 percent of the remaining shares.
SoftBank Group, a Japanese holding company, said Wednesday it plans to sell its about 20 percent stake in Flipkart to Walmart, CNBC reported. Terms of the sale were not disclosed, but the investment is worth around $4 billion.
Walmart paid $16 billion for a 77 percent stake in Flipkart earlier this month. Flipkart is an online retailer that offers more than 80 million products and had net sales of $4.6 billion in 2017. The Associated Press reported that it was Walmart’s largest acquisition.
Preparing
Comcast is preparing to top Disney’s bid for Fox with an all-cash offer, the corporation announced Wednesday.
In a press release, the company said it’s considering bidding for the businesses that 21st Century Fox has agreed to sell to Disney for $52.4 billion. That deal includes Fox’s movie studio, National Geographic, FX and Fox’s regional sports networks. It does not include the Fox News Channel, Fox Business Network or Fox Broadcasting Company.
In its statement, Comcast said no final decision has been made yet on the bid.
Meeker will present at Recode’s annual Code Conference, which is taking place from Tuesday to Thursday. Her annual reports on trends in the digital world are followed closely internationally.
Other speakers include Facebook’s COO Sheryl Sandberg, Uber CEO Dara Khosrowshahi
Meeker is a partner at venture firm Kleiner Perkins Caufield and Byers. She graduated from Jay County High School and DePauw University.
Producing
Ardagh Group has been tasked with producing Tabasco’s 150th Anniversary bottles.
Ardagh, which owns several glass factories in Dunkirk and Winchester, will create
Receiving incentive
Tyson Foods will receive a $20 million incentives package for its new chicken production plant in Tennessee.
Tyson is the parent company of Tyson Mexican Original in Portland.
The Tennessee State Funding Board earlier this month approved money for the plant, which will be located in Humboldt. The package includes $14 million for water, sewer and electrical improvements and $6 million for construction, the Associated Press reported. The plant is expected to open in 2019 and will bring 1,600 new jobs.
Tyson originally planned to open the plant in Tonganoxie, Kansas, but were forced to move after pushback from the city’s residents.
More shares
After purchasing 77 percent of an Indian online shopping retailer, Walmart is now poised to gain 20 percent of the remaining shares.
SoftBank Group, a Japanese holding company, said Wednesday it plans to sell its about 20 percent stake in Flipkart to Walmart, CNBC reported. Terms of the sale were not disclosed, but the investment is worth around $4 billion.
Walmart paid $16 billion for a 77 percent stake in Flipkart earlier this month. Flipkart is an online retailer that offers more than 80 million products and had net sales of $4.6 billion in 2017. The Associated Press reported that it was Walmart’s largest acquisition.
Preparing
Comcast is preparing to top Disney’s bid for Fox with an all-cash offer, the corporation announced Wednesday.
In a press release, the company said it’s considering bidding for the businesses that 21st Century Fox has agreed to sell to Disney for $52.4 billion. That deal includes Fox’s movie studio, National Geographic, FX and Fox’s regional sports networks. It does not include the Fox News Channel, Fox Business Network or Fox Broadcasting Company.
In its statement, Comcast said no final decision has been made yet on the bid.
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