Gates Jealous of Jobs and Tiffany’s Takeover
Tiffany and Co.
It turns out that $16.2 billion is the way to Tiffany’s heart. That’s the offer from Louis Vuitton Moet Hennessey (LVMH) for the famous jewelry brand; accepted. However, there were doubts as to whether the deal could officially close in the age of coronavirus.
LVMH is run by Bernard Arnault, a man worth tens of billions of euros. He’s trying to put a ring on Tiffany because she promises Chinese growth opportunities, unlike many brands in his luxury-goods family. According to analysts, “a takeover would make a lot of sense.
LVMH is keen to get it over the line, so Tiffany activated its option yesterday to extend the deadline to November. LVMH won’t renegotiate the deal. It’s just up to the European Union to give this deal the greenlight. If it does, some easy upside for Tiffany’s stock!
Microsoft founder and former CEO Bill Gates has done pretty well for himself. He’s credited with pioneering software and personal computing, always jostling for top spot on the Forbes list, and fighting to eradicate preventable diseases. But he’s still human.
Bill Gates has admitted that even he has been jealous of others, namely, Steve Jobs. “He was such a wizard at over-motivating people. I could see him casting the spells. I would look at people and see them mesmerized. I was so jealous.”
Apple was going down the tubes before Steve Jobs turned it around, which should remind investors that, while rare, turnarounds are possible. If a business goes through an inversion, the returns can truly be spectacular. We’re talking multi-bagger potential!
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.