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Alibaba Group Holding Ltd (BABA) Values Snapchat At $15 Billion
2015-03-13 13:04:15| Appliances - Topix.net
Alibaba Group Holding Ltd values photo sharing platform Snapchat at $15 billion, if reports of a $200 million investment on Fox Business are anything to go by. The investment by Alibaba does not come as a surprise as Snapchat has on its ranks respected banker, Imran Khan, as its chief strategy officer who helped the giant e-commerce to IPO last year.
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values
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TPG to buy iiNet for AUD 1.4 billion
2015-03-13 08:36:00| Telecompaper Headlines
(Telecompaper) Australian carrier TPG Telecom has agreed to buy rival iiNet for AUD 1.4 billion. The offer price of AUD 8.60 per share, plus the AUD 0.105 dividend owed iiNet shareholders, is a 33 percent premium on iiNet's last trading price before the announcement. TPG said the two operators had complementary businesses in terms of geographic presence, market segments and corporate customer base. Together they will serve over 1.7 million broadband customers in Australia. TPG will finance the deal with external debt and see its net debt rise to 3.1 times EBITDA after the takeover. The acquisition remains subject to approval by iiNet shareholders, expected in June, and the takeover is expected to close in July.
Intel cuts first-quarter revenue forecast by nearly $1 billion
2015-03-12 15:30:28| Agriculture - Topix.net
Intel Corp slashed its revenue forecast for the first quarter by nearly $1 billion, citing lower-than-expected demand for business PCs and lower inventory levels across the PC supply chain. Intel said it expects first-quarter revenue of $12.8 billion, plus or minus $300 million.
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intel
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Global LTE subs at around half a billion
2015-03-12 01:00:00| Total Telecom industry news
15 million net additions in Q4 drove LTE connections to 497 million by end-2014.
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global
billion
subs
Chevron accelerating asset sales to $15 billion on oil slide
2015-03-11 11:19:16| Energy - Topix.net
Chevron will increase asset sales by 50 percent to $15 billion and curtail new investment for the next two years after plunging oil prices squeezed cash flow for the second-biggest U.S. energy producer. Chevron's divestment of oil and natural gas fields and other exploration and production assets will continue through 2017, Chairman and Chief Executive Officer John Watson said during a presentation to analysts in New York on Tuesday.
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