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Zoom prices IPO above range, raising USD 751 million

2019-04-18 09:15:00| Telecompaper Headlines

(Telecompaper) The enterprise videoconferencing specialist Zoom Video Communications has priced its initial public offering of shares, raising around USD 751 million. The issue was priced at USD 36 per share, above the indicated range of USD 33-35 per share, which was already increased from USD 27-32.

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Airbnb Leads $160 Million Investment in Business-Travel Startup

2019-04-17 16:46:00| National Real Estate Investor

The company is leading a funding round for Lyric, a start-up that transforms luxury apartments into short-term rentals for business travelers.

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Global 5G smartphone shipments to reach 5 million units in 2019

2019-04-17 16:00:39| Digital TV News

According to Strategy Analytics, global smartphone shipments will reach a modest 5 million units in 2019. Early 5G smartphone models will be expensive and available in limited volumes. Samsung, LG and Huawei will be the early 5G smartphone leaders this year, followed by Apple next year.

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US SVOD subscriptions to reach 270 million

2019-04-17 07:00:04| Digital TV News

Digital TV Research expects the number of SVOD subscriptions in North America to climb by 110 million from 160 million in 2018 to 270 million in 2024, with 77.8% of TV households (94 million) subscribing to at least one SVOD platform by then.

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Girl sexually abused at Catholic high school gets $8 million settlement from Los Angeles archdiocese

2019-04-16 19:43:00| American School & University

The victim was a 15-year-old student at a San Gabriel, Calif., girls high school in 2016 when a faculty member abused her and kidnapped her.

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