Ryan Reynolds invests in F1, fintech and football team – 06/28/2023 – Market
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Ryan Reynolds Investments
Canadian actor Ryan Reynolds, star of “Deadpool”, this week added another company to his diversified investment portfolio: the Formula 1 team Alpine.
The acquisition, made with a group of American investors that includes actors Rob McElhenney and Michael B. Jordan, is 24% of the team for about $218 millions (BRL 1 billion). The announcement was made on Monday (26) by Renault, the automaker that owns Alpine.
It’s not the first Reynolds’ foray into sports. The 46-year-old actor bought Wrexham, England’s fifth division team, in 2021, also in partnership with Rob McElhenney, for $3.5 million (BRL 16.7 million at current quotations).
- The story is told in the “Welcome to Wrexham” series, available in Brazil on Star+.
When buying stakes in companies, ranging from gin brands to fintechs, the actor puts not only money on the table, but also his presence in advertising campaigns.
- That’s why he co-founded Maximum Effort, a production and marketing agency in 2018.
Reynolds’ Off-Screen Empire:
Telecom: owner of 25% of the telephone company Mint Mobile, which was sold in March this year to the giant T-Mobile for $1.35 billion. The actor pocketed approx. $300 million (BRL 1.4 billion) in the transaction, it pays part in cash and part in shares.
Drink: another investment that has already generated a return was in the Aviation gin brand, in which he bought an undisclosed stake in 2018. Two years later, the company was sold to the giant Diageo (owner of Smirnoff, Johnnie Walker, Tanqueray) for $610 million (BRL 2.9 billion).
Finance: bought in 2021 a slice of the Canadian asset management Wealthsimple and valued at $4 billion (BRL 19 billion). In April this year, it also acquired a stake in Canadian fintech Nuvei, which has a market value of $3.7 billion (BRL 17.7 billion).
Password Manager: he is one of the high-profile investors in the company 1Password, which aims to end password memorizing and is valued at $6.8 billion (BRL 32.5 billion).
Copom minutes calm government
After a statement that did not give as clear signs as the government expected for a drop in interest rates in August, the minutes of the last Copom meeting, released this Tuesday, were better received by the economic team.
The document shows that the majority of the collegiate sees room for starting a “parsimonious process” of cutting interest rates at the next meeting.
For a more cautious minority group, there is still doubt about the impact of the ongoing monetary tightening. They say there is a need to watch for an improvement in the perception of longer inflation expectations and to accumulate more evidence of falling prices.
Reaction: Minister Fernando Haddad (Finance) said that the indications made by BC in recognition of the effects of high interest rates and the fiscal efforts of the government “is the most important”.
CMN meeting: tomorrow (29) is the meeting at which Haddad, the Minister of Planning, Simone Tebet, and the President of BC, Roberto Campos Neto, meet to, in theory, discuss the 2026 inflation target.
- It is not ruled out, however, that they decide to change the target already defined for 2024 and 2025, set at 3%.
- Economist Arminio Fraga told the Sheet that such a change would be “catastrophic”, and that tampering with the goal would be “suicidal”.
- The BC minutes also stated that one of the reasons for the “unanchoring” of inflation expectations refers to uncertainty among analysts about a change in targets.
More on the subject
Senate approves invitation to hear Campos Neto and government agrees to cut interest rates.
Production suspended at Volkswagen
Volkswagen said this Tuesday (27) that it will temporarily stop production at the plants in São José dos Pinhais (PR), São Bernardo do Campo and Taubaté (SP). The automaker justified the decision by the “stagnation of the automotive market”.
In numbers: amid the government program to encourage the purchase of “popular” cars, car licensing until June 19 recedes 20.4% compared to the same period in May.
- What does it explain? The discounts are not yet available to rental companies, which are the biggest buyers in the country.
Near of the end: until last Friday (23), the resources requested by the automakers from the government corresponded to 84% of the total available and reached R$ 420 million.
The shutdowns at Volkswagen:
The São José dos Pinhais factory, where the T-Cross is produced, has had a layoff shift since June 5, with an expected duration of between two and five months. The other shift will be stopped between this Monday (26) and Friday (30).
At the Taubaté unit, where the Polo Track and Novo Polo are manufactured, the two production shifts will be interrupted this week.
At the Anchieta factory, in São Bernardo do Campo, where the Novo Virtus, Novo Polo, Nivus and Saveiro are produced, the company has filed a ten-day collective vacation for both shifts as of July 10th.
Google presents news in Brazil
Google will debut in Brazil its QR Code payment tool through the digital wallet.
The company did not specify a launch date during the Google for Brazil event, the multinational’s main event in the country, held this Tuesday.
Understand: the idea is to popularize transactions via Android, which today can only be done with proximity technology (NFC). The problem is that about 60% of smartphones with Google’s operating model come without NFC.
How will it work: after registering the means of payment in Google’s wallet, the user must point the cell phone’s camera at the code displayed on the machine, just as it works when paying Pix by QR Code.
- To prevent fraudulent codes, each transaction will generate a unique QR Code. The user will be able to check the purchase information before making it.
Other news featured on Google for Brazil:
“Google Indoor View”: The indoor orientation feature will use AI (artificial intelligence) to provide directions from images collected by the camera. It will start at subway stations and airports in São Paulo.
Resource for Brazilian tourist spots: it is possible to visit the surroundings of places like Christ the Redeemer, Masp (Museum of Art of São Paulo), Brasília Cathedral and Centro do Dragão do Mar, in Fortaleza.
BRL 10 million fund to support ten independent game developers in Latin America. The requirements are to have released a game on any platform and have less than 50 employees.
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