Wednesday, May 23, 2018

On Monday, San Jose, California, US-based software company Adobe Systems announced their plans to acquire California-based e-commerce handling web service Magento Commerce for 1.68 billion US dollars (USD). After Adobe made the announcement via their official website, Adobe’s stocks rose by around one percent, ending Monday extended trading at USD 238.10 per share.

Magento provides services for the creation of digital ads and handling of online transactions. Magento’s services are used by Nestlé, Coca-Cola, Warner Music, and Canon. The acquisition, which is expected to take place in the third fiscal quarter of this year, is to be an all-cash deal. Adobe is to acquire Magento from Permira equity firm. In 2015, Permira bought Magento from eBay, an eCommerce website. Adobe, in their official statement, said, “Magento Commerce Cloud will enable commerce to be seamlessly integrated into the Adobe Experience Cloud”.

Adobe also announced a buyback of shares worth USD eight billion by 2021. Magento’s CEO Mark Lavelle said, “Adobe and Magento share a vision for the future of digital experiences that brings together Adobe’s strength in content and data with Magento’s open commerce innovation […] We’re excited to join Adobe and believe this will be a great opportunity for our customers, partners and developer community”.

After the announcement, stocks of Magento’s competitors Shopify, Inc dropped by about 4.8%. They finished extended trading at USD 137.60 after the announcement.

Monday, June 7, 2010

An acrobatic group known by the name of Spelbound has been declared as the winner of Britain’s Got Talent 2010, a televised variety talent show competition broadcast on ITV in the United Kingdom. As the winning act of the show, Spelbound have won £100,000 (US$144,580, €120,313, A$175,079) and a place at The Royal Variety Performance, an annual gala evening that is attended by senior members of the British Royal Family.

In no particular order, the top three acts were revealed to be two dancers known by their stage name of Twist and Pulse, gymnastic group Spelbound and Kieran Gaffney, whose act involves playing on the drum kit. After Kieran Gaffney was revealed to be in third place, Anthony McPartlin, who hosts Britain’s Got Talent with Declan Donnelly, said to Kieran: “Well done Kieran. Kieran, you’re a star, you came back, you got all the way to the final. I know you’ve loved this. You’ve loved this, haven’t you?” In response to this, Kieran Gaffney stated: “Thank you very much. Thank you, everyone for supporting me. Thank you.”

Shortly afterwards, on the episode that was broadcast live on ITV1 on Saturday, Anthony announced: “After tens of thousands of auditons, five semi-finals and an amazing final, this…this is it. One of you is about to walk away with £100,000 and a place at this year’s Royal Variety Performance. The winner of Britain’s Got Talent 2010 is…Spelbound!” Glen Murphy from Twist and Pulse commented about finishing in second place, stating: “Yeah, it’s amazing. I can’t even believe it. I can’t believe it at all.”

Alex Uttley, a 24-year-old member of Spelbound, commented on the gymnastic group’s victory, commenting: “Oh, my god. This is unbelieveable. We just want to say thank you to everyone out there. It just shows that all our hard work has paid off.” One of the coaches of Spelbound, named Neil Griffiths, stated about Spelbound: “Oh, they’ve worked so hard over the last few weeks. Um, since the semi-final, we…we really had to pull out the stops to try and up the game. They’ve not known they’ve worked in the gym from six in the morning till twelve…twelve o’clock of the night. I couldn’t have asked for more. Um, it’s a team of coaches. I don’t take all the credit myself. There’s, uh, two people up there that know who they are who’ve been fantastic.”

Spelbound consists of 24-year-old Alex Uttley, Nicholas Illingworth, aged 24, Adam Buckingham, aged 21, 20-year-old Adam McAssey, 19-year-old Douglas Fordyce, 18-year-old Edward Upcott, 18-year-old Leighanne Cowler, 17-year-old Katie Axten, 17-year-old Lauren Kemp, 15-year-old Jonathan Stranks, Abigail Ralph, aged 15, 13-year-old Hollianne Wood and Amy Mackenzie, aged 12. Bookmakers had previously predicted that Spelbound would be the most likely act to become the winner of the series.

The running order for the final started with Twist and Pulse. The second act to perform was Liam McNally, a 14-year-old singer. The running order subsequently continued with 40-year-old impressionist Paul Burling, singer Christopher Stone, aged 28, Tina & Chandi, a woman and dog dancing act, Connected, a five-piece singing group, Kieran Gaffney, aged 12, 22-year-old Tobias Mead, a dancer, 80-year-old singer Janey Cutler and Spelbound in that particular order.

Earlier on in the final, Britain’s Got Talent judge Amanda Holden has stated to Spelbound: “We are hosting the 2012 Olympics and I think ‘what a brilliant opening act’.” Fellow judge Piers Morgan also commented that “[t]he purpose of this show is to identify hidden great British talent. You are that act.” After Spelbound won in the final, another judge, named Simon Cowell, stated that “the right boys and girls won on the night” and that he could “only say on live TV that that was one of the most astonishing things I have ever seen. Seriously.”

Friday, February 12, 2010

An Indonesian court has convicted the former head of the country’s anti-corruption agency of murder. The prosecution of Antasari Azhar and three others has been controversial, with some fearing the so-called “Judicial Mafia” played a role.

The Corruption Eradication Commission (KPK) already saw a proven plot to discredit it and frame its senior members. Shortly after Azhar’s arrest in May last year police came to take away Bibit Rianto and Chandra Hamzah, two deputy commissioners, to face trial for corruption. The trial, instead, unveiled a plot to convict the men of offences they had not committed. Protests in the street ensued, and locals gave corrupt officials the joint nickname of the “Judicial Mafia”.

The scandal resulted in the resignations of a chief detective and a deputy attorney general; the KPK had begun probing the attorney general’s office and that of the national police. During Azhar’s time as chair the KPK has exposed bribery at the former and prosecuted an in-law relative of the president during the country’s election preparations, with a jail sentence being the result.

The defendants had claimed political elements orchestrated a conspiracy to see the quartet convicted. The judges disagreed, with judge Herri Swantoro telling the court, “Defendant Antasari Azhar has been legitimately proven guilty of participating in persuading the carrying out of a premeditated murder.” The court’s judgement ran to 179 pages.

The case saw the four accused of plotting the March 2009 murder of tycoon Nasruddin Zulkarnaen, shot dead in his car by a motorbike assassin in Jakarta. Zulkarnaen was Azhar’s golfing partner and the businessman was alleged by the prosecution to have been blackmailing the KPK leader, who is a former prosecutor.

Azhar is alleged to have had an affair with one of Zulkarnaen’s wives, a golf caddie. With Zulkarnaen threatening to inform the press and parliament, Azhar is alleged to have plotted murder with several other officials. Police commissioner Wiliardi Wizar was accused of locating the assassins used; he claimed his senior had ordered him to testify he had been told by Azhar to kill Zulkarnaen.

Media mogul Sigid Haryo Wibisono stood accused of financing the contract killing, and businessman Jerry Hermawan Lo of arranging a meeting with the gunmen. All three were convicted alongside Azhar, who received an eighteen-year prison sentence. Wizar was jailed for twelve years, Wibisono for fifteen and Lo for five. All intend to appeal the verdicts.

One person who feels the court got it wrong is a human rights lawyer who defended Bibit and Chandra. “I think that this is all still a mystery,” said Taufik Basari. “I don’t think the judge had all the necessary facts to warrant a verdict of eighteen years.”

Despite the conviction of his relative, Susilo Bambang Yudhoyono retained the presidency last June by a landslide majority. Originally elected in 2004, Yudhoyono has used an anti-corruption stance in his campaigns, heaping praise upon the KPK which Azhar was head of from December 2007 until his arrest.

The four new convicts join five men convicted of the murder in December. Alleged to have comprised the gang behind the shooting, they received sentences varying from seventeen to eighteen years imprisonment.