French luxury group, LVMH has bought parts of the following Singapore companies:

1. Crystal Jade Group – Over 90% stake

2. Ku De Ta - 51% in the nightclub’s holding company

3. Charles & Keith – 20% stake

4. Heng Long Tannery (supplies exotic crocodile skins to high fashion houses) – 51% stake

5. Sincere Watch & Jewellery – 26.3% stake

I wonder what else, if anything, they are going to buy.

Source article: Herworldplus

Yep, it’s true. For a whopping US$16 billion made up of US$12 billion in stock and US$4 billion in cash. If you include the additional  US$3 billion in restricted stock units to WhatsApp’s founders and employees as part of the deal, the total acquisition price goes up to US$19 billion.

In the unlikely event that the deal does not go through, Facebook will pay a breakup fee of $1 billion to WhatsApp, which is  more than the  amount Facebook paid to acquire Instagram.

“WhatsApp is on a path to connect 1 billion people. The services that reach that milestone are all incredibly valuable,” Facebook CEO Mark Zuckerberg said in a statement. WhatsApp has over 450 million monthly users, 70% of whom are active on a given day. They are adding more than 1 million new registered users per day.

Facebook stock declined by more than 4.5% in after hours trading following the announcement.

Still, the Facebook Empire grows. They seem to be in the digital expansion mode like the Roman empire in their hey-days (offline mode).

Read all about it on:

Forbes, BBC and  CNBC.

 

Strategy is sound and messaging is clear. I’d bet that anyone who watches this video will get the message. In case you don’t, I’ll spell it out below the clip.

 

If any of you didn’t get it, Mike’s in the business of buying golf clubs, buying golf clubs, buying golf clubs and finally, buying golf clubs.

120,000 views (and counting) in one month ain’t bad.

Oh, did I add that Mike’s Golf Shop buys golf clubs?

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