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Jay-Z to buy streaming music provider Aspiro
2015-01-30 11:51:00| Telecompaper Headlines
(Telecompaper) A company backed by rapper Jay-Z has made an offer to acquire the Nordic music streaming service Wimp, owned by Swedish company Aspiro. The cash offer values Aspiro at SEK 464 million, and the bid price of SEK 1.05 per share is a 58.7 percent premium on Aspiro's share price in the past 90 days. Aspiro's controlling shareholder Streaming Media has accepted the offer. Streaming Media holds 75.9 percent of Aspiro shares and is a joint venture set up by Norwegian media group Schibsted, media distributor Platekompaniet and Verdane Capital. Aspiro said it started talks in December with the company S Carter Enterprises, the company owned by Shawn Carter, also known as Jay-Z. The company has set up a bid vehicle called Project Panther and will launch the offer for the rest of Aspiro's shares 19 February. Aspiro set up a committee of independent board members to evaluate the offer and obtained an opinion from ABG Sundal Collier that the offer is fair financially for minority shareholders. The Aspiro board recommended the offer, saying the takeover will help meet its financing needs and provide further expertise for expanding its music services, which were recently launched in the US and UK under the name Tidal.
Tags: music
buy
provider
streaming
Google is a few cities away from becoming your next and best internet provider
2015-01-29 15:29:42| Extremetech
Google Fiber is planning a major new expansion across multiple cities in the South and Southeast while simultaneously exploring wireless possibilities. Could the search giant be preparing to open a huge new front against the ISP status quo?
LEWCO Delivers (6) Custom Drum Hot Boxes for Oil and Gas Industry Provider
2015-01-29 11:30:54| Industrial Newsroom - All News for Today
SANDUSKY, OH LEWCO, Inc. recently delivered (6) custom drum hot boxes to a leading global technology provider for the oil and gas industry based in Alberta, Canada. The hot boxes are heated with electric, low watt density Incoloy heaters and are serviceable up to 300° F. Each hot box includes a specialized...
Barbara Corcoran backs real estate website provider
2015-01-28 19:26:12| Real Estate - Topix.net
Barbara Corcoran, founder of New York City-brokerage The Corcoran Group and current "Shark Tank" investor, has given her seal of approval to real estate website provider Real Estate Webmasters, making an investment in the startup that values the company at $50 million. In a general session at Real Estate Connect, Corcoran said she decided to back Real Estate Webmasters in larger part because of her confidence in the capabilities of Morgan Carey, CEO of the company.
Tags: real
website
estate
real estate
California-Based VSAT Service Provider X2nSat Expands Use Of Romantis Technology to Alaska
2015-01-28 11:31:41| Industrial Newsroom - All News for Today
Petaluma, Calif. X2nSat recently expanded its network coverage to Alaska and increased capacity over North America with the purchase of a fourth Romantis UHP hub. The service is offered in the Ku-band on the Intelsat Horizons-1 satellite. Romantis CEO Vagan Shakhgildian said the UHP platform has a high-packet...
Tags: service
technology
provider
alaska
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