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Charter to buy Bright House Networks for USD 10.4 billion
2015-03-31 14:38:00| Telecompaper Headlines
(Telecompaper) Charter Communications announced an agreement to acquire Bright House Networks from media group Advance/Newhouse for USD 10.4 billion. Bright House is the sixth-largest cable operator in the US and will give Charter another 2 million customers in central Florida, Alabama, Indiana, Michigan and California. Advance/Newhouse will take a 26.3 percent stake in a new partnership set up to run Bright House, in which Charter will hold 73.7 percent. Advance/Newhouse will receive common and preferred shares in the partnership as well as USD 2 billion cash from Charter. Advance/Newhouse will have the right to convert its shares in the partnership into shares of Charter. Completing the deal remains subject to a number of factors, including Charter shareholder approval, the expiry of Time Warner Cable's right of first offer for Bright House, the close of Charter's previously-announced transactions with Comcast and regulatory approval. Bright House was previously run as a partnership between Time Warner and Advance/Newhouse, and TWC still handles many of Bright House's carriage agreements. Charter meanwhile is waiting for regulatory clearance of Comcast's planned takeover of TWC, part of which will include the merged company selling some assets to Charter.
Chobani Founder to Fight Ex-Wife's $1 Billion - Shakedown' Suit
2015-03-31 13:27:24| Grocery - Topix.net
Ayse Giray sued Ulukaya in 2012, saying she's entitled to a controlling stake in the biggest Greek-style yogurt maker in the U.S. A New York state judge is set to hear arguments Tuesday over one of the key ingredients of her suit: that she was a part-owner of the feta cheese maker that she alleges was used by her ex-husband to start Chobani. The case could spoil any plans Chobani has for a public offering, said Sam Hamadeh, the founder and chief executive officer of Privco Media LLC, a New York-based firm that tracks private companies.
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IBM says to invest US$3 billion in 'Internet of Things' unit
2015-03-31 12:52:30| Electronics - Topix.net
International Business Machines Corp said on Tuesday it will invest US$3 billion over the next four years in a new 'Internet of Things' unit, aiming to sell its expertise in gathering and making sense of the surge in real-time data. A woman walks over a welcoming sign at the booth of IBM at the CeBIT trade fair in Hanover March 15, 2015.
Tags: internet
things
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ibm
IBM to Invest $3 Billion in Sensor-Data Unit
2015-03-31 08:32:58| Electronics - Topix.net
International Business Machines Corp. plans to invest $3 billion over four years on a new business helping customers gather and analyze the flood of data from sensor-equipped devices and smartphones. The computing giant is announcing the effort Tuesday along with an alliance with the Weather Company, which owns the Weather Channel and other information providers.
IBM says to invest US$3 billion in 'Internet of Things' unit
2015-03-31 08:17:56| Semiconductors - Topix.net
International Business Machines Corp said on Tuesday it will invest US$3 billion over the next four years in a new 'Internet of Things' unit, aiming to sell its expertise in gathering and making sense of the surge in real-time data. A woman walks over a welcoming sign at the booth of IBM at the CeBIT trade fair in Hanover March 15, 2015.
Tags: internet
things
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