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TerraVia Sells Stake in Algenist
2016-08-08 16:02:00| Happi Breaking News
Tengram Capital Partners acquires majority of algae-based beauty brand.
Tags: sells
stake
sells stake
MTS exits Uzbekistan, sells UMS stake to state
2016-08-08 08:46:00| Telecompaper Headlines
(Telecompaper) Russian mobile operator MTS is exiting the Uzbekistan market and has sold its 50.01 percent stake in the mobile operator Universal Mobile Systems (UMS) to the government. The State Unitary Enterprise Centre of Radio Communication, Radio Broadcasting and Television of the Ministry of Development of ICT acquired the shares for an undisclosed sum. The state already held the other 50 percent of UMS. MTS said the dale is "due to a variety of business reasons and other circumstances", but did not provide further details. The company expects to record a write-off of the related assets of RUB 3 billion in Q3.
Tags: state
uzbekistan
sells
stake
Vard increases stake in Brazilian shipyard Vard Promar
2016-08-08 01:00:00| Ship Technology
Norway-based shipbuilding group Vard Holdings (VARD) has increased its ownership stake in its indirect subsidiary in Brazil, Vard Promar, to 95.15%.
Tags: increases
brazilian
stake
shipyard
Vintage Wine Estates buys Splinter Group Spirits stake
2016-08-04 13:04:00| Daily beverage news and comment - from just-drinks.com
Vintage Wine Estates has acquired a majority interest in Napa-based Splinter Group Spirits.
Tags: group
wine
vintage
spirits
Time Warner buys 10% stake in Hulu
2016-08-04 08:22:00| Telecompaper Headlines
(Telecompaper) Time Warner has acquired a 10 percent stake in streaming TV service Hulu for USD 583 million. It joins Disney, 21st Century Fox and Comcast as shareholders in the joint venture. In addition, the company has agreed to contribute content from its Turner stable of channels to Hulu, including TNT, TBS, CNN, Cartoon Network, Adult Swim, truTV, Boomerang and Turner Classic Movies. The content will launch on Hulu's new live-streaming service, which is slated to launch early next year. In addition to live channels, Hulu will continue to offer its ad-supported VoD service and the ad-free subscription VoD service.
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