Executive Summary

• FBIC hosted a well-attended Disruptors Breakfast with about 40 attendees, featuring seven startups in diverse businesses.
• Verizon offered US $4.4 billion to acquire AOL, a 23% premium above its most-recent stock price.
• Tencent’s WeChat messaging app now has 549 million monthly active users, up 39% from Q1 last year.
• MAC Cosmetics, H&M, Outback Steakhouse, and Krispy Kreme are all bullish on Latin America and are opening new outlets there.