je.st
news
Tag: mln
Spotify raises USD 526 mln, sells stake to TeliaSonera
2015-06-10 10:03:00| Telecompaper Headlines
(Telecompaper) TeliaSonera said it has made an equity investment into Spotify of USD 115 million and that it has extended its cooperation with the music streaming company after working together five years. Under the new strategic partnership, TeliaSonera paid USD 115 million for a 1.4 percent stake. Both companies are also committing resources, staff and other assets to ignite their joint innovation agenda within areas such as media distribution, customer insights, data analytics and advertising. A joint TeliaSonera-Spotify team will be set up to run the projects. Spotify recently raised USD 526 million during its latest funding round, the Wall Street Journal reported. The round values the company at USD 8.53 billion, sources said. Spotify wants to invest in expansion and new forms of content as it faces a growing set of challengers.
Ethiopia to double number of sugar estates by November, eyes $500 mln revenue -official
2015-06-10 06:43:14| Sugar Industry News
ADDIS ABABA (Reuters) - Ethiopia is on track to double the number of its sugar estates to six by November this year, a senior official said on Friday, and the Horn of Africa country hopes they will generate $500 million a year in export revenue.
Tags: number
november
double
official
HP will pay USD 100 mln to settle Autonomy securities case
2015-06-09 15:02:00| Telecompaper Headlines
(Telecompaper) Hewlett-Packard said it will pay USD 100 million to settle a securities lawsuit related to its acquisition of Autonomy. HP bought Autonomy for USD 11 billion in 2011 and then wrote down USD 8.8 billion related to the deal. The company has accused Autonomy of improperly reporting USD 709 million in revenue over 2.5 years before the purchase. Dutch pension-fund manager PGGM Vermogensbeheer, the plaintiff in the securities case, led a lawsuit on behalf of investors hurt by the write-down. Under the terms of the settlement, HP's insurance will pay USD 100 million to a settlement fund to anyone who bought HP shares from 19 August 2011 to 20 November 2012, the dates between the announced deal and the write-down. There will be no individual contribution to the settlement. As a result, all HP members will be released from any securities claims related to Autonomy. The settlement is subject to court approval. HP said that while it believes the suit has no merit, it is better to settle than to pursued a burdensome and protracted litigation process. H-P sued Autonomy's former chief executive Michael Lynch and former CFO Sushovan Hussain on 30 March, seeking USD 5.1 billion in damages.
Tags: case
pay
usd
securities
Ethiopia to double number of sugar estates by November, eyes $500 mln revenue -official
2015-06-09 06:48:44| Sugar Industry News
ADDIS ABABA (Reuters) - Ethiopia is on track to double the number of its sugar estates to six by November this year, a senior official said on Friday, and the Horn of Africa country hopes they will generate $500 million a year in export revenue.
Tags: number
november
double
official
KPN to invest EUR 35 mln in start-ups
2015-06-08 10:01:00| Telecompaper Headlines
(Telecompaper) KPN will be investing EUR 35 million in KPN Ventures, an investment fund aimed at "outside-in" innovation and designed to increase KPN's involvement in start-ups. KPN wants to accelerate network and product innovation. The company noted that both technology and customer behaviour are changing fast, making it necessary to cooperate with flexible and innovative players. KPN is developing its own Wi-Fi network, and working on machine-to-machine communication in the license-free 868 MHz frequenties. To this goal, the company launched the LoRa industrial group earlier this year.Vodafone Netherlands is also investing in start-ups, but on a more modest scale.
Sites : [96] [97] [98] [99] [100] [101] [102] [103] [104] [105] [106] [107] [108] [109] [110] [111] [112] [113] [114] [115] next »