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Tag: usd
Jumia places 8 million ADS for USD 231 mln
2020-12-03 13:34:00| Telecompaper Headlines
(Telecompaper) Jumia said it has completed the sale of an offering of 7.97 million American Depositary Shares (ADSs) at an average price of USD 30.51 per ADS, generating aggregate gross process of USD 243.2 million. Net of commissions and expenses, proceeds are expected to be USD 231.4 million. Jumia intends to use the net proceeds for general corporate purposes.
Xiaomi to raise USD 4 bln for expansion in share, bond sale
2020-12-02 13:27:00| Telecompaper Headlines
(Telecompaper) Xiaomi announced plans to raise USD 855 million in a convertible bond issue and another USD 3.1 billion in an underwritten share issue. The proceeds will be used for working capital and investments.
Tags: share
sale
usd
expansion
Salesforce confirms Slack takeover for USD 27.7 billion
2020-12-02 13:21:00| Telecompaper Headlines
(Telecompaper) Salesforce has confirmed a deal to acquire Slack for USD 27.7 billion, extending its portfolio of business software into the growing collaboration and messaging space. Slack shareholders will receive USD 26.79 in cash and 0.0776 shares of Salesforce for each Slack share.
Tags: usd
billion
confirms
takeover
Zimbabwean govt allocates USD 89 mln to improve ICT infrastructure in 2021 .
2020-12-01 09:42:00| Telecompaper Headlines
(Telecompaper) Zimbabwean Finance Minister Mthuli Ncube has announced that the government has allocated USD 89 million to the ICT sector for next year, with infrastructure improvement a priority, BiztechAfrica reported. Ncube said during the 2021 national budget presentation that progress has been made in the past decade to improve ICT infrastructure, the country's digital economy is still lagging behind, mainly because of poor connectivity.
Tags: improve
usd
infrastructure
ict
Baidu buys Chinese streaming service YY Live for USD 3.6 billion cash
2020-11-17 09:16:00| Telecompaper Headlines
(Telecompaper) Joyy CEO David Xueling Li said the deal will allow YY Live to access Baidu's user traffic, boosting its business growth and pushing its monetization capabilities. The deal includes the YY mobile app, YY.com website and PCC YY.
Tags: service
live
chinese
cash
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