Okay, maybe it’s because this particular FT Alphaville blogger has been safely quarantined in Geneva, Switzerland for the last two years where everything is frozen in time, and it’s all down to “London shock”, but it really does feel like you can’t walk three foot in the capital these days without bumping into a crane panorama that would make the Doozers of Fraggle Rock proud.
Case in point, the current view from outside FT Towers at One Southwark Bridge:
Tech stocks have become a little bit more modestly priced.
Virtual reality is more Mister Mxyzptlk’s department, and $2bn is not quite This is nuts territory.
But can you feel the LexCorp-style corporate governance, and ambition, here? Read more
That uber-growth business, washing machines…
Only 12 years to go till the “utopian society” drives up.
Interruption not inflection, says BoAML’s Michael Hartnett, who sees the beginning not the end of the fun.
in exchange for an aggregate of 183,865,778 shares of Parent’s Class A common stock (valued at $12 billion based on the average closing price of the six trading days preceding February 18, 2014 of $65.2650 per share (“Specified Price”)) and $4 billion in cash… In addition, upon Closing, Parent will grant 45,966,444 restricted stock units to WhatsApp employees (valued at $3 billion based on the Specified Price). Read more
A case of a market requiring medication, perhaps, rather than the other way round?
From the FT’s Arash Massoudi in New York and Andrew Ward in London… Read more
London prime property vendor finance, vignette #1:
Luxury property developer Christian Candy has lent more than £300m in the past year to wealthy London housebuyers, in a bid to profit from the banks’ withdrawal from the market, and aims to take his total lending to £1bn by the end of this year…
Last week he lent £25m for the purchase of a £35m private home in Knightsbridge, and he is now in talks to provide £100m for the purchase of a home in north London.
Google is spending maybe $400m on a was kid. From recode on Monday…
Google is shelling out $400 million to buy a secretive artificial intelligence company called DeepMind. Google confirmed the deal after Re/code inquired about it, but declined to specify a price. Based in London, DeepMind was founded by games prodigy and neuroscientist Demis Hassabis, along with Shane Legg and Mustafa Suleyman. This is in large part an artificial intelligence talent acquisition, and Google CEO Larry Page led the deal himself, sources said. According to online bios, Hassabis in particular is quite a talent, a child prodigy in chess who was later called “probably the best games player in history” by the Mind Sports Olympiad. DeepMind has only a landing page for a website where it describes its business as building learning algorithms for simulations, e-commerce and games. Profiles on LinkedIn indicate the company is about three years old. Read more
The Journal’s got themselves a billion-dollar start-up graphic… Read more
Kodal Minerals (KOD LN) 0.77p, mkt cap £5.2m – First day of dealing for Kodal Minerals’ (phosphate) on AIM
BUY – Target price 3.1p short term, 4.5p on a 12-moth view Read more