I had an interesting conversation this week with Elina Liehu, founder of Ferovalo located just outside Helsinki, Finland. As many of my European readers know, Nordic and Northern European countries have had more challenges building a freelance economy. For both cultural and economic reasons, in these countries (and the EU generally) there is more emphasis on full-time work, and government, unions, and employer organizations collaborate in ensuring equitable pay, worker protections, and higher levels of regular employment. Ferovalo is a good example of an increasing trend in the freelance revolution. The 1000 members of Ferovalo’s platform are, for the most part, “C” level executives. And, according to Liehu, demand is currently focused on interim managerial roles in finance. The platform is young and most members are currently based in Finland; however, platform membership includes many international professionals living in Finland and an increasing number of professionals outside Finland. While
Devon Energy (NYSE:DVN) and WPX Energy (NYSE:WPX) have agreed to combine in an all-stock merger of equals transaction. The deal will create a leading U.S. unconventional oil producer with a dominant position in the Delaware Basin with a 400,000 net acre position. The combined company will also operate in the Anadarko Basin, Williston Basin, Eagle Ford Shale, and Powder River Basin.
Under the terms of the deal, WPX Energy shareholders will receive 0.5165 shares of Devon Energy’s common stock for each WPX share they currently own. Upon completion, current Devon shareholders will own 57% of the combined company with WXP shareholders owning the other 43%. The merger of equals will create an oil company with an enterprise value of $12 billion based on their stocks’ closing prices last week.
The companies believe that the merger will be accretive on a per-share basis in the first year
BOSTON–(BUSINESS WIRE)–Strategy Analytics – After years of dominance, traditional radio has reached a turning point in 2020. Powered by strong usage and desirability among key car-buying groups in China, and increasing usage among key groups in the West, streaming media has continued its march onto the dashboard. The COVID-19 pandemic and its related lockdowns have also severely curtailed regular commuting journeys, where much of consumers’ radio-listening originates. This has led to a marked decline in AM/FM usage in-car, and a steep decline in interest of radio as a “must-have” feature.
A new report from the Strategy Analytics’ In-Vehicle UX (IVX) service, “2020 Infotainment Report: COVID-19 Brings Challenges for In-Car Radio”, has surveyed car owners across the US, China, and Western Europe to investigate usage of in-car infotainment including AM/FM radio, streaming media, and other sources. 2020 is the year that in-car AM/FM radio has hit the proverbial