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Lumentum to acquire Oclaro for USD 1.8 billion

2018-03-13 18:37:00| Telecompaper Headlines

(Telecompaper) Lumentum has agreed to buy Oclaro for USD 1.8 billion in order to expand in the fibre-optic components market. The offer of USD 9.99 per share is a 40 percent premium to Oclaro's average share price in the past month. 

Tags: usd billion acquire oclaro


Broadcom pledges USD 1.5 bln investment to support leading US role in 5G

2018-03-07 14:42:00| Telecompaper Headlines

(Telecompaper) Broadcom has started a new offensive in its effort to take over Qualcomm, promising to invest USD 1.5 billion to train engineers in the US and make the country a leader in 5G technology. This follows news that the US government is investigating the company's proposed takeover for national security concerns. 

Tags: support role leading investment


Baidu's VoD service iQiyi files for USD 1.5 bln IPO in US

2018-02-28 15:37:00| Telecompaper Headlines

(Telecompaper) iQiyi, the Chinese VoD service owned by Baidu, has filed for an initial public offering of shares in the US. The company claims over 50 million subscribers and said it wants to raise USD 1.5 billion to help expand its content offering. 

Tags: in us service files


Amazon buys video doorbell maker Ring for reported USD 1 billion

2018-02-28 08:30:00| Telecompaper Headlines

(Telecompaper) Amazon has agreed to buy video doorbell maker Ring in order to expand its smart home product line-up. The product is expected to help the e-commerce giant deliver packages, even when customers are not home. 

Tags: video reported amazon ring


Telegram raises USD 850 mln in initial coin sale to private investors

2018-02-19 08:58:00| Telecompaper Headlines

(Telecompaper) The encrypted messenger Telegram has raised USD 850 million in a sale of its own coin to private investors. According to a SEC filing, the money will be used to develop its own blockchain architecture for payments, develop and maintain the Telegram Messenger and for other corporate purposes.

Tags: private sale initial usd


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