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S.Korea's Hotel Shilla says to buy stake in US duty-free firm for $105 mln
2015-03-23 09:56:56| Semiconductors - Topix.net
Hotel Shilla Co Ltd is buying a 44 percent stake in in-flight duty-free retailer DFASS for $105 million via its U.S.-based affiliate, the South Korean hotel and duty-free operator said on Monday. Hotel Shilla, a unit of Samsung Group, said in a statement it retains a call option to buy an additional 36 percent of DFASS in five years.
GoDaddy to raise up to USD 480 mln in IPO
2015-03-19 14:47:00| Telecompaper Headlines
(Telecompaper) The web domains provider GoDaddy announced plans to raise up to USD 480.7 million in an initial public offering of shares on the New York Stock Exchange. The company is selling 22 million new common shares, for an indicated price range of USD 17-19 per share, according to a SEC filing. The underwriters have an option to sell another 3.3 million shares if demand warrants. The bulk of the IPO proceeds will go towards paying off debt and payments to existing shareholders.
Pakistan passes 10 mln 3G subscribers milestone
2015-03-16 07:51:00| Telecompaper Headlines
(Telecompaper) Pakistan topped 10.3 million 3G mobile subscribers at 28 February, which represents an increase of 14 percent from the previous month, according to the Pakistan Telecommunication Authority (PTA). Pakistan operators added a total 1.2 million new 3G subscribers in February.
Tags: pakistan
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ITV buys Talpa for EUR 500 mln cash, double if targets met
2015-03-12 09:20:00| Telecompaper Headlines
(Telecompaper) UK broadcaster ITV has agreed to acquire Dutch TV production company Talpa Media for approximately EUR 500 million in cash from Big Brother creator John de Mol. Talpa is behind such hit formats as The Voice, Utopia, I Love My Country and Dating in the Dark. Including future payments depending on performance, the maximum total consideration will be EUR 1.1 billion.
Alibaba invests USD 200 mln in Snapchat - report
2015-03-12 08:44:00| Telecompaper Headlines
(Telecompaper) Alibaba group is investing in Snapchat in a deal that values the messaging company at USD 15 billion, the Wall Street Journal reported. The Chinese e-commerce giant has invested USD 200 million in Snapchat, according to two people familiar with the transaction. The valuation of USD 15 billion marks a significant increase from previous investments. Snapchat raised funds from at least two investors, Yahoo and venture-capital firm Kleiner Perkins Caufield & Byers, in a round of funding that valued the messaging start-up at USD 10 billion last year. Other investors include Benchmark, General Catalyst Partners, Institutional Venture Partners, Lightspeed Venture Partners, Coatue Management and DST Global.
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