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Softbank invests USD 250 mln in Legendary Entertainment
2014-10-03 09:11:00| Telecompaper Headlines
(Telecompaper) Softbank has agreed to buy a 7.5 percent stake in Legendary Entertainment, producer of the "Godzilla" film, for USD 250 million, with a view to maybe increasing its investment to USD 1 billion by 2017, Bloomberg reported, citing people with knowledge of the situation. The agreement will provide Legendary with fresh capital for growth and give SoftBank films and TV shows for networks it controls. The companies will form a venture to develop online and mobile services, with a focus on India and China, according to a statement. Other terms were not disclosed. Meanwhile, Nikesh Arora, the vice chairman of SoftBank and head of SoftBank Internet & Media, will join the board of the Burbank, the California company led by Thomas Tull. SoftBank is still considering other deals in media and digital technology, said one of the people familiar with the matter.
Tags: entertainment
usd
legendary
mln
MIT gets USD 10 mln to analyse every tweet
2014-10-02 09:45:00| Telecompaper Headlines
(Telecompaper) Twitter is giving MIT every tweet ever made publicly and USD 10 million so that the university's Media Lab can study the spread of information, the New York Times reported. MIT's Media Lab will create a research group that will get access to Twitter's entire feed of real-time and archived public tweets dating back to Jack Dorsey's first in 2006. Data scientists want to better understand how information spreads on Twitter and other social media platforms. MIT Media Lab said it plans to build data visualizations, mobile apps and other tools to "create new forms of public communication and social organization." This is Twitter's first financial foray into academic research. The USD 10 million commitment will be spread over five years.
Good Technology raises USD 80 mln in latest funding round
2014-10-01 08:25:00| Telecompaper Headlines
(Telecompaper) Good Technology, a developer of mobile device management software, said that it has raised USD 80 million in additional funding and that it is still considering an initial public offering, Re/Code reported. The company filed for an IPO earlier this year. CEO Christy Wyatt said the company is not rethinking its plan to go public and that is would continue to watch the market for a good moment. Good, which was once owned by Motorola, is currently privately held. The USD 80 million came from new investors, Wyatt said. Previous investors include Blueprint Ventures, Draper Fisher Jurvetson, ePlanet Capital, GKM Newport, Meritech Capital Partners, Oak Investment Partners and Rustic Canyon Partners.
Tags: good
technology
latest
round
Apple sells over 4 mln iPhone 6 in first day of pre-sales
2014-09-15 15:38:00| Telecompaper Headlines
(Telecompaper) Apple announced a record number of first day pre-orders of its new iPhone 6 and iPhone 6 Plus smartphones. Over 4 million of the phones were ordered in the first 24 hours. Demand for the new iPhones exceeds the initial pre-order supply, meaning not all customers will receive their phones on the first day available. Apple said some phones will still be available for purchase in stores on the launch day of 19 September. Customers are encouraged to arrive early or order online from the Apple Online Store to pick up in-store or receive an estimated delivery date. The iPhone 6 and iPhone 6 Plus will be available in the US, Australia, Canada, France, Germany, Hong Kong, Japan, Puerto Rico, Singapore and the UK beginning 19 September and in more than 20 additional countries from 26 September.
UPDATE 1-Grupo Mexico dodges mine closure with $151 mln toxic spill fund
2014-09-12 12:37:42| Food - Topix.net
Grupo Mexico and its subsidiaries on Thursday dodged losing a concession to run one of the biggest copper mines in the world as long as they comply with government obligations following a toxic spill that include creating a $151 million clean-up fund. The fund is far bigger than a $23 million reserve that Grupo Mexico had previously set aside for the clean-up at Buenavista copper mine.
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