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The guitar firm playing a new fundraising tune

2014-03-27 01:06:26| BBC News | Business | UK Edition

The guitar company playing a new fundraising tune

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Candy Crush firm shares fall on debut

2014-03-26 17:05:18| BBC News | Business | UK Edition

Shares in King Digital, the games developer behind Candy Crush Saga, fall as much as 15% on their debut at the New York Stock Exchange.

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Energy Firm SSE To Freeze Household Bills

2014-03-26 10:37:11| Energy - Topix.net

SSE chief executive Alistair Phillips-Davies said: "We're setting out a positive agenda for customers, including our price freeze to 2016.

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Tata Consultancy Services wins contract from French firm GDF Suez

2014-03-26 09:58:30| IT Services - Topix.net

Indian IT bellwether Tata Consultancy Services on Tuesday said that it has won a multi-million dollar multi-year deal from energy sector major GDF Suez to standardize and rationalize CRM and billing applications across France, Belgium and the Netherlands The deal with GDF Suez is Tata Consultancy Services's first major contract in France, after it ... (more)

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Facebook buys virtual reality firm Oculus for USD 2 bln

2014-03-26 09:51:00| Telecompaper Headlines

(Telecompaper) Facebook has signed a definitive agreement to acquire immersive virtual reality technology specialist Oculus VR for a total of around USD 2 billion. This includes USD 400 million in cash and 23.1 million shares of Facebook common stock (valued at USD 1.6 billion). The deal also provides for an additional USD 300 million earn-out in cash and stock based on the achievement of certain milestones. Oculus has received more than 75,000 orders for development kits for the Oculus Rift virtual reality headset. Facebook plans to extend Oculus' existing advantage in gaming to new verticals, including communications, media and entertainment, education and other areas. The deal is expected to close in Q2 2014.

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