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Tag: usd
Baidu's iQiyi looking for USD 8-10 bln valuation in IPO
2017-09-26 09:22:00| Telecompaper Headlines
(Telecompaper) IQiyi, the streaming site of Baidu, hopes to stage its initial public offering in the US early next year, Bloomberg reported, with sources saying the company is looking for a valuation of at least USD 8 billion, and up to USD 10 billion. They added however that the IPO is still in the early stages and the final valuation could change.
Telia settles Uzbekistan corruption case for USD 965 million
2017-09-22 08:47:00| Telecompaper Headlines
(Telecompaper) Telia announced it's reached a settlement with US and Dutch authorities over their investigation into bribery at Uzbekistan operator Ucell. The company agreed to pay a total of USD 965 million to put an end to the scandal.
Tags: case
million
usd
uzbekistan
Google buys HTC assets for USD 1.1 billion
2017-09-21 08:42:00| Telecompaper Headlines
(Telecompaper) Google has agreed to take over staff and assets of smartphone maker HTC for USD 1.1 billion. Google said the takeover will strengthen its hardware business, including the Pixel smartphones on which HTC already cooperates. HTC will continue to make smartphones and VR devices under its own brand.
Tags: google
usd
assets
billion
Samsung sets up USD 300 mln automotive investment fund
2017-09-14 11:13:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics is setting up a new fund to invest in the automotive market. The Samsung Automotive Innovation Fund has an initial USD 300 million, and its first investment is USD 75 million in TTtech, a specialist in the integration of automotive safety and control systems that works closely with Audi.
Tags: automotive
sets
investment
usd
Spotify, Hulu partner on USD 5 streaming bundle for students
2017-09-07 15:45:00| Telecompaper Headlines
(Telecompaper) Spotify and Hulu are bundling their streaming music and TV services to offer a new low-cost bundle for USD 4.99 per month to US college students. The companies said they plan to launch similar offers for the broader market in future.
Tags: partner
students
usd
streaming
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