#businessdevelopment

From HT's perspective, there appears to be a lack of genuine partnerships with any stakeholders. He does not value relationships with employees, customers, system integrators, or OEM partners. The primary focus seems to be on financial gain, as evidenced by the frequent price increases each year, which adversely affect partner margins and lead to a reduction in the number of partnerships. This approach reflects a short-sighted strategy, seemingly attempting to apply a semiconductor business model to the software sector. It raises concerns about whether shareholders and investors would be inclined to invest in a business that lacks a clear future.

Does anyone know about FT being a new client of SS&C starting 2027???

Like fishes. Gutted. At least they waited until the later part of the afternoon to break me down and ki-l off the last functioning nerve I had left.

RVP of finance and business Dev all let go across the country in the regions, along with their directors. HR also gone

Shell and ExxonMobil are jointly exploring a sale of their 50% stakes in UK-based specialty chemicals joint venture Infineum, targeting an indicative valuation of about $8 billion, but the process is early and may not lead to a deal

What’s happening
According to the Financial Times and Reuters, Shell and ExxonMobil have appointed Bank of America to run a sale process for Infineum

The Oxfordshire‑headquartered company, founded in 1999, produces fuel and lubricant additives sold in roughly 90 countries, with products used in about one‑third of all vehicles worldwide and 70% of electric vehicles

Valuation and financials
Target valuation: ~$8 billion

Annual EBITDA: $700 million–$800 million

Implied multiple: ~10x–11.4x EBITDA

Potential proceeds: ~$4 billion gross to each parent if sold

This is a premium to BP’s $10.1 billion sale of 65% of Castrol in late 2025, which traded at ~8.6x EBITDA

Strategic context
The sale aligns with Shell’s plan to reduce its chemicals exposure by 2030 and refocus capital on oil and gas

ExxonMobil has not publicly commented on the strategy, but both owners must agree to any sale

The move comes amid industry pressures from electric vehicle adoption (reducing engine oil demand) and base oil oversupply

Status and outlook
Stage: Early, exploratory; no deal confirmed

Potential buyers: Private equity firms are expected to be among the main suitors

Market impact: Analysts expect limited immediate effect on crude oil or commodity markets, but a competitive auction could influence specialty chemicals valuations

In summary: Shell and ExxonMobil have placed Infineum on the sales block at an $8 billion target, but the process is preliminary, and a transaction is not guaranteed. The sale reflects both corporate strategy shifts and sector‑wide pressures in the lubricants and chemicals markets

I have an opportunity to move from IA to BA. How is the overall environment and the leadership team in BA Atlanta office?

https://finimize.com/content/humana-brings-blackrock-in-to-run-150-centerwell-clinics

“
BlackRock’s HPS Investment Partners is buying Welsh Carson’s stake for $2.8 billion, with CenterWell keeping day-to-day operations and a 2028 option to buy clinics.

What's going on here?
Humana is bringing BlackRock’s HPS Investment Partners into a new joint venture that will own and operate nearly 150 CenterWell Senior Primary Care clinics.
What does this mean?
The health insurer said the new setup replaces its current clinic ventures with Welsh, Carson, Anderson & Stowe, a private equity firm, with HPS buying that stake for $2.8 billion. Even with HPS as majority owner, CenterWell will keep a minority stake and continue running the clinics day to day, while the partners add capital over the next two years to support existing sites, open new locations, and pursue acquisitions.
“

Let me be clear, I admire and really enjoy all my coworkers from India. They are so happy and super smart. But investing in India as a sports company is not the right move. They don’t really play any sports at all high level other than cricket. They aren’t represented in world cups, in Olympics, in any of the major sports, in fashion. VA talks about this being a big bet, but that’s exactly what we don’t need right now. We don’t need to bet, we know where our consumers are, let’s focus our resources in those areas and continue to expand there.

So...does that give us any hope ? This sounds like a huge deal
What's the reality behind it?

This is an interesting development. Hopefully we start making smart acquisitions

Paramount Chief Executive David Ellison has picked HBO content chief Casey Bloys to oversee streaming operations once the company combines with Warner Bros. Discovery, people familiar with the matter said.

https://www.wsj.com/business/media/ellison-picks-hbo-content-chief-to-run-paramount-warner-streaming-business-db33649c

Nk hiring vp gm in territories retail logistic side to help the business in the regions. Spending more money, more vp's, what is this helping

Centene is being setup to get bought out by Humana. They are in talks as I type this. Their major footprint is Medicare. Centene has a very small Medicare footprint, but a very large Medicaid footprint. Meaning, Centene needs to adjust their business model in order to stay in business. All Centene’s eggs are in one basket, and there’s no diversification in their portfolio. They can’t compete against UHG or Elevance, without increasing their membership portfolio. Therefore, the only option, merge or get bought out. It’s gonna happen…Just watch!

The retail sector has great margins and it would be another part of the supply chain owned by Nike. It’s near bottom all time valuation so it would be a great time to takeover.

Seattle's mayor has initiated a plan to lessen the city's dependence on major technology companies. A commissioned report revealed that the city's tax revenue is overly concentrated in a few large businesses. This initiative aims to broaden the economic base and reduce this reliance. The goal is to create a more resilient and varied local economy. This effort is a direct response to the findings of the economic development office.

Seattle, Washington

https://www.bizjournals.com/seattle/news/2026/09/09/mayor-katie-wilson-business-community-amazon.html

• Fidelity National Information Services reported record first half core wins in community and regional banking and rolled out new AI driven and embedded banking products, alongside a collaboration with Ericsson to speed digital wallet deployments.
• These moves suggest that more banks and wallet providers are consolidating around Fidelity National Information Services for connected, multi product technology rather than point solutions.
• The next area of attention is how this wave of record core wins shapes Fidelity National Information Services' investment narrative.

https://simplywall.st/stocks/us/diversified-financials/nyse-fis/fidelity-national-information-services/news/what-fidelity-national-information-services-shares-record-co

Options that Xerox should consider for the business include a joint venture, strategic capital partnership, alternative funding structures, partial monetization, or a sale of some or all of the business, according to Starteepo.

Xerox holder calls for strategic review of financial services business.

Just heard from a colleague, that some of the stores that were divested in the last year are underperforming from a contractual standpoint, specifically BeMobiles in the northeast (was called out specifically, apparently they haven’t been able to prove that they can scale with their business model) and that at the end of the year the 1 year contracts they signed on with are being looked at. Sounds like Cellular Sales and TCC are front runners to take over most locations in northeast.

Why can’t everyone just mind their business? There’s so much drama because everyone hates people more successful than them. If you put that much energy into doing your job you’d be happier I promise.

Is R2B merging with B2B and what month is it happening?

This garbage company and its garbage M&A under existing leadership have destroyed it. If this company... and its incompetent corporate development team under even more incompetent leadership and a clueless board... could evaluate opportunities half as well as its peers, maybe it wouldn’t be in this situation. Instead, they have a bunch of unqualified people running business development under GM and Skippy, who themselves apparently can’t add, subtract, multiply, or divide.

General Motors is pausing construction on its $3.5 billion electric vehicle battery plant in Indiana. This decision is a strategic response to shifting consumer demand for EVs and evolving market conditions. The company aims to align its manufacturing capacity with current sales forecasts and avoid overproduction. This pause will impact expected job creation and local economic development in the short term. GM will reassess its production strategy and battery technology integration during this period.

New Carlisle, Indiana

https://www.msn.com/en-us/news/insight/gm-pauses-3-5b-indiana-ev-battery-plant-amid-demand-shift/gm-GMAEC4E1F5?gemSnapshotKey=GMAEC4E1F5-snapshot-0

Spectrum Reach Expands Operations in NY, Continuing to Represent Comcast and Optimum, and Providing Opportunities for Brands to Advertise in Nation's Top Media Market

Key Takeaways:

The move strengthens Spectrum Reach's ability to align operations and deliver enhanced multiscreen campaigns for advertisers seeking to reach consumers at scale in the New York market.
Bringing NYI's product portfolio into Spectrum Reach expands the capabilities, insights and local expertise available to brands and agencies in one of the most important advertising markets in the U.S.

NEW YORK, July 21, 2026 /PRNewswire/ -- Spectrum Reach, the advertising sales business of Spectrum, today announced the expansion of its advertising business to provide many of the products and services of New York Interconnect (NYI), which will cease operations on September 28, 2026. NYI is an advanced advertising joint venture that allows marketers to seamlessly purchase TV and digital ad space across multiple Multichannel Video Programming Distributors (MVPDs) in the New York Designated Market Area (DMA).

With this expansion, Spectrum Reach will streamline operations, reducing handoffs and backend execution steps for a more seamless advertising experience while bringing together its advanced advertising capabilities and scale with NYI's local market strength. The expansion will enable Spectrum Reach to be even better positioned to offer enhanced multiscreen solutions that make it easier for brands to reach the right audiences across the New York media market in the rapidly evolving TV ecosystem.

"We are further strengthening Spectrum Reach and New York Interconnect to create even more value for brands and agencies looking to connect with audiences at scale in New York," said Jason Brown, Executive Vice President, Spectrum Reach. "We are strengthening our market-leading capabilities, local insight and advanced advertising solutions to better serve our clients in one of the most dynamic and influential markets in the country."

In connection with this, later this year, certain members of the NYI team will join Spectrum Reach, creating one unified team focused on supporting advertisers, agencies and marketing partners with seamless service and more powerful media solutions, further positioning NYI's current advertising customers for the future, which is streaming and advanced advertising in addition to traditional TV advertising.

More information about Spectrum Reach is available at www.spectrumreach.com.

ExxonMobil has publicly stated that domestic manufacturing is a central pillar of India’s Viksit Bharat 2047 vision, and the company has launched its own “Make in India” initiative to help realize that goal ExxonMobil+1.

Strategic Alignment with India’s Goals
India’s Viksit Bharat 2047 aims to transform the country into a self-reliant, globally competitive manufacturing hub. ExxonMobil sees strong synergies between its global energy infrastructure operations and India’s industrial ambitions, particularly in heavy engineering, shipbuilding, and specialized manufacturing ExxonMobil.

Current and Future Sourcing
Current scale: In the last two years, ExxonMobil affiliates have sourced USD 100 million worth of equipment from India ExxonMobil+1.

Future target: The company plans to scale sourcing to billions of dollars by the end of the decade ExxonMobil+1.

Focus areas:

Mega modules — large, pre-assembled units used in petrochemical plants and refineries.

Energy infrastructure equipment for LNG, refining, and chemical projects.

Shipbuilding synergies — both industries require heavy engineering, specialized suppliers, and complex logistics networks ExxonMobil+1.

Why India?
India offers:

A skilled workforce in engineering and fabrication.

Expanding connectivity (roads, ports, railways) to support large-scale manufacturing.

Resilient supply chains that can support complex, high-value projects ExxonMobil.

Impact
By leveraging India’s growing engineering and fabrication capabilities, ExxonMobil aims to:

Reduce reliance on foreign manufacturing for its global projects.

Support India’s industrial growth and energy security.

Create high-value jobs and technology transfer opportunities in the country ExxonMobil+1.

In short, ExxonMobil’s “Make in India” initiative is not just a corporate sourcing strategy — it’s a strategic investment in India’s manufacturing future, aligned with its national vision for 2047.

https://www.thedrive.com/news/how-texas-police-spent-4-5-million-on-four-chevy-tahoes

So sweet!

We back the blue, no matter what. We should build these vehicles directly instead of letting CogNyte profit from the massive markup on retrofitted surveillance technology. Everything should be designed and built in America. Ford Tough. The strong profit margins on a small number of specialized vehicles are simply an added benefit of helping law enforcement do good police work.

Bill drew an analogy to a 4x4 relay race in this morning’s earnings call.

“I feel really good about the baton passing. Think about the 4x100 relay. We’re passing the baton to someone that can run the last lap(?!?!) with a lot of speed.”

Is this him saying that Mike is going to fast track us to being acquired?

I asked AI for a friend about Possible acquisition of Teradata.

“ Teradata is widely considered a notable and highly viable takeover target for private equity (PE) firms and larger tech conglomerates. Multiple financial institutions and market dynamics point to Teradata being a prime candidate for a strategic acquisition“

Just sayin…. If the pattern fits…. Wear it.

https://www.lightreading.com/business-management/t-mobile-hires-former-at-t-exec-chris-sambar-for-b2b-push

How much do you want to bet that Fiserv does sell to those big banks but the deal still has Fiserv operating the network. Meaning basically nothing changes other than some money. This allows the banks to bypass the regulations and Fiserv keeps doing its thing. Imagine how difficult it would be to pull Star out of Fiserv at this point, I would say a minimum of 5 years to unwind that beast.

Here’s a novel idea:
Fiber is great where dense; 5G mid-band strong in cities. But Starlink (SpaceX) crushes rural/low-density. Immediate deep integration/partnership: Bundle AT&T wireless/fiber with Starlink for seamless "always-on" global coverage. License Starlink tech or co-develop direct-to-cell. This neutralizes competition and expands TAM massively.
Deploy spectrum (from EchoStar/Lumen deals) with obsessive efficiency—Tesla-style manufacturing for cell sites and fiber rollout. Aim for 5M+ new fiber passings/year via automation/robotics. Open RAN? Push harder with custom silicon (like Dojo for AI inference on the edge).
Make convergence king: One app, one bill, one unbeatable experience for phone + home internet + vehicle connectivity. Churn drops when customers are locked into superior physics.

Private Equity apparently putting up decent chunk of cash.

I was told by a colleague today that Apps Modernisation are saying that they will accept payment when savings are realised - essentially means free work now, pay later if it all works.

Anyone else get this?

It’s now evident that the XOM’s Permian factory has reached an inflection point and starting to experience technical and operational challenges. Please share your experiences and potential outcomes.

Will XOM make another purchase? Who and when? Certainly missed the last opportunity and now candidate companies are overvalued by +66%.

How long will XOM maintain a +22 rig line? It’s cheaper to buy production then it is to develop your own acreage.

Hundred of open position, lots of new customers, very high renewal rates

We are a rocketship and the market is impressed

I’ve seen most indirect retailers are hiring for newly created small business account managers. Does Verizon have a plan to layoff some of their VBG employees? I’ve heard that Verizon is making the retailers hire that position. Anyone hear anything similar?

Heard on the grapevine that the sell off to BT is now more likely than the mass dismissal in EMEA. At least for Professional Services teams working on Security products. That should buy people some security for a few years. Regarding exactly which teams, remains to be seen. BT earnings call today 21.05.

5/14/2026 12:00:00 PM

Deal includes Chevron assets in Vietnam, Australia, Philippines, Malaysia
Deal expected to close in 2027

Chevron divests Asian refining assets to streamline operations

Eneos aims to boost overseas sales share to over 50% by 2030, CEO says
Eneos Holdings said it will buy U.S. major Chevron's 50% stake in Singapore Refining Company and other assets in Southeast Asia and Australia for nearly $2.2 billion, in its first refining foray outside of Japan.

The deal, which includes Chevron's assets in Vietnam, Australia, Philippines and Malaysia, is expected to close in 2027, Eneos said. Chevron has been looking to divest refining and storage assets in Asia to streamline operations and reduce costs.

"This investment represents a significant step in strengthening the business platform that connects Japan with Southeast Asia and Oceania," said Eneos Holdings CEO Tomohide Miyata.

Eneos operates nine refining complexes in Japan including a joint venture with PetroChina.

Chevron divestment. SRC operates a 290,000 barrels-per-day refinery in Singapore and the other half of the company is held by PetroChina 0857.HK through its subsidiary Singapore Petroleum Co.

"The agreement reflects Chevron's disciplined approach to managing its international portfolio," said Andy Walz, president of Chevron's downstream, midstream and chemicals.

The SRC stake sale is the second major refinery deal in the Asian oil hub after Shell sold its Bukom refining and petrochemical complex in 2024. Chevron previously sold its Hong Kong retail stations to Thai refiner Bangchak Corp. Corp for $270 million.

The latest sale includes Chevron's Penjuru terminal and lubricants facility in Singapore, which has a storage capacity of around 400,000 cubic meters, roughly equivalent to 2.5 million barrels of oil.

Taking over a fuel terminal in one of the world's largest oil storage and blending hubs will expand Eneos' trading capabilities, especially in refined fuel, analysts said.

"It will be an important strategic move for Eneos to grow downstream given its domestic market in Japan is saturated and expected to decline," said Sushant Gupta, Wood Mackenzie's Asia Pacific refining and oils research director, a reference to Japan's long-term decline in demand owing to a shrinking population.

"It is not just the refinery but things that come along will be the deal sweetener."

Morgan Stanley was appointed by Chevron to handle the sale of the refinery stake and other assets in Asia.

Eneos eyes more overseas M&A deals. Eneos is looking to widen its overseas operations via the purchases from Chevron, while looking at other buys.

"With regard to our overseas operations, which currently account for just under 20% of sales, we intend to use this M&A as a catalyst to significantly expand this share - including through future growth in our trading business - with the aim of raising it to more than 50% by fiscal 2030," said Eneos' Miyata.

He said he did not believe the latest acquisition of assets from Chevron alone would be sufficient to achieve that goal.

"We aim to reach the target through future overseas M&As, and we are already taking steps in that direction," he added.

https://www.hydrocarbonprocessing.com/news/2026/05/eneos-to-buy-chevrons-singapore-refinery-stake-asian-assets-for-22-billion/