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Pfizer Inc. Recommends Rejection of Unsolicited Note Tender Offer by Huguenot Bond Liquidity, LLC


Pfizer Inc. (NYSE: PFE) today announced that it and Wyeth recommend rejection of the unsolicited tender offer made by Huguenot Bond Liquidity, LLC (Offeror) on May 11, 2020 (as amended and restated on May 21, 2020) to purchase up to $162.5 million principal amount of Pfizers outstanding 7.200% notes due 2039 (the Pfizer Notes) and up to $130.0 million principal amount of Wyeths 5.950% notes due 2037 (the Wyeth Notes and together with the Pfizer Notes, the Notes). Wyeth is a wholly-owned subsidiary of Pfizer. Pfizer and Wyeth do not endorse Offerors unsolicited tender offer, and neither Pfizer nor Wyeth is affiliated or associated with the Offeror, the tender offer or the offer documentation. The Offeror did not inform Pfizer of the tender offer, and Pfizer only became aware of the offer through a third party source. Further, there is no disclosure of information regarding the Offeror or any indication as to a source of financing for the offer in the offer documentation.

Pfizer arrived at this position after considering all of the facts and circumstances surrounding the Offerors unsolicited tender offer. In particular, Pfizer believes that the tender offer is not in the best interest of the holders of the Notes for the following reasons, among others:

  • the applicable tender consideration offered by the Offeror, as calculated using a reference date of May 21, 2020, is approximately 7% lower than the last trade price of $166 per $100 principal amount of notes for the Pfizer Notes and approximately 8% lower than the last trade price of $145 per $100 principal amount of notes for the Wyeth Notes, in each case on May 21, 2020, the last business day prior to the issuance of this press release;
  • the tender consideration is variable and is based on a benchmark security that may trade based on factors independent of those that may affect the trading prices of the Notes; and
  • the consummation of the offer is subject to a number of conditions and Offeror has retained a right to terminate the tender offer if any of these conditions are not satisfied or, in its absolute discretion, at any time and for any reason, reducing the likelihood that the offer will be consummated.

The announcements contained in this press release were made pursuant to Pfizer and Wyeths obligations under Rule 14e-2 under the Securities Exchange Act of 1934. Pfizer and Wyeth are not taking a position on whether the unsolicited tender offer is being made in accordance with United States federal securities laws, including the applicable rules and regulations issued by the Securities and Exchange Commission.

Pfizer urges investors to obtain current market quotations for their Notes, to consult with their broker or financial advisor and to exercise caution with respect to the Offerors offer. Pfizer recommends that noteholders who have not responded to the Offerors offer take no action. Holders of Notes who have already tendered their Notes may withdraw them at any time prior to May 26, 2020, in accordance with the Offerors offering documents. The tender offer is currently scheduled to expire at 5:00 pm New York City time on Tuesday, June 9, 2020.

Pfizer requests that a copy of this news release be included with all distributions of materials relating to the Offerors offer related to the Notes.

About Pfizer: Breakthroughs That Change Patients Lives

At Pfizer, we apply science and our global resources to bring therapies to people that extend and significantly improve their lives. We strive to set the standard for quality, safety and value in the discovery, development and manufacture of health care products, including innovative medicines and vaccines. Every day, Pfizer colleagues work across developed and emerging markets to advance wellness, prevention, treatments and cures that challenge the most feared diseases of our time. Consistent with our responsibility as one of the world’s premier innovative biopharmaceutical companies, we collaborate with health care providers, governments and local communities to support and expand access to reliable, affordable health care around the world. For more than 150 years, we have worked to make a difference for all who rely on us. We routinely post information that may be important to investors on our website at In addition, to learn more, please visit us on and follow us on Twitter at @Pfizer and @Pfizer News, LinkedIn, YouTube and like us on Facebook at

Media Relations

Amy Rose


Investor Relations

Ryan Crowe



MediaKind 2021 Sports D2C Forecast defines the future of direct-to-consumer services in the global sports rights-holders market


MediaKind, a global change leader in media technology and services, unveils the MediaKind 2021 Sports D2C Forecast, the most significant analysis ever undertaken of the direct-to-consumer (D2C) OTT platforms owned and operated directly by sports rights-holders. The report explores a wide range of trends in the D2C sports space, including the use of live content, fan engagement, and monetization.

The MediaKind research shows that while most of the 40 rights-holders analyzed still define their D2C platform as complementary to broadcast coverage, most now see it as an essential part of their future distribution strategy for live sport and building direct touchpoints with fans. Almost three-quarters of the rights-holders analyzed offer some form of D2C service to their fans today through subscription packages, utilizing one or more of six entry points.

The findings reveal a 50-50 split between rights-holders. Half use their D2C service purely as a supplementary content hub, focusing on delivering high-quality video. The other half concentrates on making full use of OTT’s interactive possibilities, embedding fan engagement features into their services. In terms of distribution, 58% of the rights holders analyzed have a standalone D2C web domain, with the remaining 42% providing D2C services via a sub-domain of their main website. Just over a third of the total rights-holders offer their D2C service through a standalone mobile app.

MediaKind also highlights how current standalone D2C sports services are under-utilizing secondary monetization tools. None of the rights holders analyzed offer an integrated betting service. At the same time, features such as ticketing (utilized by 3% of rights-holders), merchandising (5%), and advertising (8%) remain rare, with greater priority placed on delivering a high-quality viewing experience and user interface. However, many rights-holders expressed concerns about how their future streaming service will stand up when faced with a high volume of concurrent live streams despite recent technological advances.

Raul Aldrey, Chief Product Officer, MediaKind, said: “The results of our study are clear “ rights-holders cannot afford to be without a D2C service moving forward. All 40 of the rights-holders have recognized how D2C services offer crucial, data-driven touchpoints with their fans and provide unique opportunities to enhance fan engagement and tap into new monetization streams. But the performance of these D2C platforms remains table-stakes and fundamental to attracting and retaining audiences long-term. Future D2C services must guarantee stability at scale, and the overall delivery must be at least as good as the broadcast-quality linear services that sports fans have been accustomed to and enjoyed for decades.”

Other key conclusions from the MediaKind 2021 Global Sports Forecast include:

  • Subscription models dominate: The majority of rights-holders who operate a D2C OTT service make it available as a subscription service. The subscription model is likely to be the dominant long-term business model.
  • The UX bar is rising from entertainment to engagement: There is an even split between rights-holders who use their D2C platform as a content hub only and those who are exploring a whole range of fan engagement tools to exploit OTT’s full capabilities.
  • Focus is on maximizing recurring revenues: The rights-holders analyzed provide six different types of entry points for fans. There is a clear need to generate guaranteed revenues in a subscription culture where immediate cancellation is made easy “ for example, heavily discounted annual passes to tie fans to the service long-term.
  • Opportunity for secondary monetization is mostly untapped: However, rights-holders must resolve the dilemma of whether to integrate secondary monetization verticals “ such as betting, ticketing, and merchandising “ on their D2C service to reach engaged fans behind a paywall or to put these features on their main website to reach wider audiences.

Aldrey added: “Streaming is a major part of sports media, with internet-based delivery now very much the present, as well as the future of media content distribution. The growing ubiquity of D2C platforms means they now form an essential part of any strategy for live sport “ regardless of whether they are a complementary service to broadcast coverage or the primary means of distribution. While current D2C services are largely representative of an emerging market, this sector is ripe for experimentation, exploration, trial and error, innovation, creativity, and risk-taking “ with big rewards for those that get it right.”

About this report

The MediaKind 2021 Sports D2C Forecast provides a global snapshot of the rapidly evolving developments in the sports media industry, offering unique insights into industry thinking and best practices around the role of D2C services.

Based on a combination of interviews with senior decision-makers at rights-holders and research conducted between May and October 2020, the report covers 40 sports rights-holders from across the US and EMEA which account for about three-quarters of the global value of the sports media rights market and where the vast bulk of D2C services are concentrated. These rights-holders include the four major US sports leagues, global and regional governing bodies, national associations, leagues and clubs. It encompasses the wealthiest rights-holders in sport, as well as niche sports and challenger events.

– ENDS “


The MediaKind 2021 Sports D2C Forecast

MediaKind commissioned The Sports Playmaker to conduct the analysis for the MediaKind 2021 Sports D2C Forecast.

The information collated on each D2C service covered in this report includes the following: business model, access/distribution method; pricing; content; fan engagement features used; and other monetization streams employed. Any information specific to a rights-holder, such as pricing or fan engagement tools, is public. If the D2C service is a subscription service, information is taken from rights-holders’ promotional material and official channels.

Any interviews included in the research were provided on a confidential basis, so there is no attribution of any information to specific sources. The quotes included are drawn from these interviews and are not attributed to particular individuals.

About MediaKind

MediaKind is a global change leader in media technology and services. Its mission is to deliver transformation by building a continuously better media universe alongside its customers and partners. Drawing on a pioneering industry heritage and fueled by innovation, MediaKind embraces and champions new standards, methodologies, and next-generation, immersive live and on-demand media experiences worldwide. Its end-to-end media solutions portfolio includes Emmy award-winning video compression for contribution and direct-to-consumer video service distribution, advertising and content personalization, high-efficiency cloud DVR, and TV and video delivery platforms. For more information, please visit:

About The Sports Playmaker

The Sports Playmaker brings new technologies and innovative companies to the sports sector. It enables growth for its clients in the following ways:

  • identifying revenue streams for clients new to the sector and shapes market entry and product development through the provision of market intelligence and advisory services;
  • supporting clients with sales and marketing thanks to its extensive network within the sports industry; and
  • sourcing funding where capital injection is required from its roster of sports investment funds.

For more information, please visit:

Esme Horwood

[email protected]

+44 (0)20 7486 4900

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Insights on the Cloud Backup And Recovery Market 2020-2024: COVID-19 Industry Analysis, Market Trends, Market Growth, Opportunities and Forecast 2024 – Technavio


The cloud backup and recovery market is expected to decline by $ 11.36 billion, decelerating at a CAGR of almost 17% during the forecast period.

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The stringent security rules and regulations to secure customer data is one of the major factors propelling market growth. However, factors such as increasing incidences of data breaches will hamper the market growth.

More details:

Cloud Backup And Recovery Market: End-user Landscape

Based on the end-user, the ICT segment is expected to witness lucrative growth during the forecast period.

Cloud Backup And Recovery Market: Geographic Landscape

By geography, North America is going to have a lucrative growth during the forecast period. About 33% of the markets overall growth is expected to originate from North America. The US and Canada are the key markets for cloud backup and recovery in North America.

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Related Reports on Information Technology Include:

  • Biochip Market by Technology and Geography – Forecast and Analysis 2020-2024- The biochip market size has the potential to grow by USD 19.71 billion during 2020-2024, and the markets growth momentum will accelerate during the forecast period. To get extensive research insights: Click and get a FREE sample report in minutes
  • Virtualized Evolved Packet Core Market by Application and Geography – Forecast and Analysis 2020-2024– The virtualized evolved packet core market size has the potential to grow by USD 17.51 billion during 2020-2024, and the markets growth momentum will accelerate during the forecast period. To get extensive research insights: Click and get a FREE sample report in minutes

Companies Covered:

  • Acronis International GmbH
  • Asigra Inc.
  • Commvault Systems Inc.
  • Hewlett Packard Enterprise Co.
  • International Business Machines Corp.
  • Microsoft Corp.
  • Rackspace US Inc.
  • Redstor
  • Veeam Software Group GmbH
  • Veritas Technologies LLC

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • ICT – Market size and forecast 2019-2024
  • Manufacturing – Market size and forecast 2019-2024
  • BFSI – Market size and forecast 2019-2024
  • Healthcare – Market size and forecast 2019-2024
  • Others – Market size and forecast 2019-2024
  • Market opportunity by End-user

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Volume drivers “ Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Accenture Plc
  • Alphabet Inc.
  • Inc.
  • Asigra Inc.
  • Dell Technologies Inc.
  • Hewlett Packard Enterprise Co.
  • International Business Machines Corp.
  • Microsoft Corp.
  • NetApp Inc.
  • Oracle Corp.


  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]


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Thales Reinvents the Way Identity Documents Are Checked With Its Double-Sided ID Card Reader


Thales showcases the worlds only double-sided ID card reader, the first to be able to examine ID cards or driving licenses in the cloud1 in less than four seconds. The design of the intelligent reader allows to speed up the process, while guaranteeing a high security level, and offering cost benefits to the operators. It simplifies the process of ID verification and offers a touchless check, which is all the more important in the Covid-19 era.

The Thales Gemalto Intelligent Double-sided ID Card Reader CR5400i enables fast, secure and remote identity document verification. The reader protects businesses (airports, casinos, hotels, stores, etc.) from fraud and forgery thanks to sophisticated mechanisms for superior document authentication. The i version permits multiple intelligent readers to be centrally connected via WiFi – ideal for organisations that need to deploy a fleet of readers such as retail stores and financial institutions. The compact device can also be set up, managed and serviced remotely.

Using the device is very easy: the user simply inserts their ID card into the reader which reads both sides of the card simultaneously. Once this action is complete, a LED changes from blue to green and the ID is ejected and returned to its owner with no physical interaction between the user and operator. It provides a better customer experience while capturing and authenticating scanned data.

At Thales we are committed to bring both convenience and security to the ID verification process. With the new double-sided reader the user experience is smooth while the service provider can fight ID fraud benefitting from a flexible and easy-to-integrate solution, said James MacLean Director of Document Reading Solutions at Thales. In addition, the Covid-19 context has brought new challenges that Thales intelligent ID card reader answers with its touch-free feature.

1Data processing in the cloud means that operators can quickly and simply connect the device to their networks, tablets, phones and enterprise applications as a service. It simplifies the tasks of operators and integrators, while significantly reducing the costs of IT equipment for enterprises.

About Thales

Thales (Euronext Paris: HO) is a global high technology leader investing in digital and deep tech innovations “ connectivity, big data, artificial intelligence, cybersecurity and quantum technology “ to build a future we can all trust, which is vital to the development of our societies. The company provides solutions, services and products that help its customers “businesses, organisations and states “ in the defence, aeronautics, space, transportation and digital identity and security markets to fulfil their critical missions, by placing humans at the heart of the decision-making process.

With 83,000 employees in 68 countries, Thales generated sales of ‚¬19 billion in 2019 (on a basis including Gemalto over 12 months).

PLEASE VISIT Thales Group Market page


Thales, Media Relations

Digital Identity & Security

Vanessa Viala

+33 6 07 34 00 34

[email protected]

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Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
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