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Telefonica sells LatAm assets for USD 500 mln
2013-04-30 09:55:00| Telecompaper Headlines
(Telecompaper) Telefonica has agreed to sell 40 percent of its assets in El Salvador, Guatemala, Nicaragua and Panama to Corporacion Multi Inversiones (CMI). Telefonica will maintain control of operations in El Salvador, Guatemala, Nicaragua and Panama, which will be merged into a joint venture. The value of the sale which is subject to obtaining the necessary regulatory approvals totals USD 500 million.
Alibaba buys 18% stake in Weibo for USD 586 mln
2013-04-29 15:38:00| Telecompaper Headlines
(Telecompaper) Chinese e-commerce company Alibaba has acquired an 18 percent stake in Chinese microblogging service Weibo for USD 586 million. Alibaba bought the stake as part of a broader alliance with Weibo's owner Sina to develop new e-commerce and marketing services over the social network. Sina, which runs China's biggest web portal, will cooperate with Alibaba in the areas of user account connectivity, data exchange, online payment and online marketing, among other things, as well explore new business models for social commerce based on the interactions of the hundreds of millions of users on Weibo and Alibaba's e-commerce platforms. The strategic alliance is expected to generate USD 380 million in advertising and social commerce services revenues for Weibo over the next three years. Alibaba also receives an option to increase its stake in Weibo to 30 percent in future.
BRIEF-Jarden agrees 35 mln stg bid for Sprue Aegis
2013-04-29 10:08:51| Industrial Machines - Topix.net
Jarden Corp : * Cash offer for sprue aegis plc * Offer will comprise 90 pence in cash for each Sprue Aegis Share valuing the whole of Sprue Aegis' existing issued share capital at approximately A 34.8 million We welcome comments that advance the story through relevant opinion, anecdotes, links and data.
BRIEF-Jarden agrees 35 mln stg bid for Sprue Aegis
2013-04-29 09:05:03| Appliances - Topix.net
ROB Insight is The Globe and Mail's exclusive feature led by a team of award-winning editors and writers who provide you with in-depth analysis on breaking business news and the issues that matter most.
Few $1-Salary CEOs Make a Buck as Ellison Gets $96 Mln
2013-04-25 12:06:16| Jewelry - Topix.net
The chief executive officers of software developer Oracle Corp. and watchmaker Fossil Inc.
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