Tenet Fintech Group Inc. (CSE: PKK, OTC Pink: PKKFF)
Commercial Lending in China Ready to Tenet!
Amazon (NASDAQ:AMZN) CEO Jeff Bezos sold 454.3K shares in his company’s stock this week, netting $1.42B, according to regulatory filings. That amounts to about 0.8% of his holdings.
The sales were made on Monday and Tuesday at prices ranging from $3,103 to $3,183 per share. All of the transactions were part of a 10(b)5-1 trading plan.
He still holds nearly 55M shares worth about $175B at today’s closing price.
CNBC’s David Faber, citing sources, says Microsoft (NASDAQ:MSFT) and ByteDance (BDNCE) are starting to talk TikTok valuation while continuing approval negotiations with the U.S. government.
Faber’s sources say the valuation could range from $10-30B.
In an agreement with the Trump administration, Microsoft would have one year to transfer 15M of TikTok software code that currently resides in China.
The companies plan to wrap up the talks before the September 15 deadline.
During a Fox appearance earlier today, President Trump said companies interested in buying TikTok agreed to make a payment to the U.S. Treasury.
Chinese game streaming platforms Huya (NYSE:HUYA) and DouYu (NASDAQ:DOYU) are up 11.9% and 13.2% pre-market, respectively, after a Bloomberg report that Tencent (OTCPK:TCEHY,OTCPK:TCTZF) wants to merge the companies.
Bloomberg sources say Tencent has been discussing a potential merger with the companies for months, but the details aren’t finalized.
The resulting company would have 300M users and a $10B market value.
Tencent owns a 37% stake in Huya and 38% stake in DouYu and wants to be the largest holder of the merged company.
The University of Connecticut is the first major college football team to cancel its 2020 season outright due to the COVID-19 pandemic.
“After receiving guidance from state and public health officials and consulting with football student-athletes, we’ve decided that we will not compete on the gridiron this season,” UConn athletics director David Benedict says, citing an “unacceptable level of risk.”
Moves by other conferences to limit their schedules had already taken four games out of the Huskies’ schedule this year, though two others were shaky as well.
UConn last month officially left the American Athletic Conference and was expected to compete in football as an independent. But if UConn is a fallen canary in the college football coalmine, the prospect of more cancellations would land with a negative impact on U.S. networks that broadcast the games: ABC/ESPN (DIS +6.3%), CBS (VIAC -1.3%, VIACA), NBC (CMCSA -0.4%) and Fox (FOX -5.9%, FOXA -5.9%).
Fiverr International (NYSE:FVRR): Q2 Non-GAAP EPS of $0.10 beats by $0.17.
GAAP net loss of $0.1M
Revenue of $47.13M (+81.9% Y/Y) beats by $10.59M.
