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Snapchat raises USD 538 mln from new investors
2015-06-01 08:56:00| Telecompaper Headlines
(Telecompaper) Messaging app Snapchat is raising another USD 650 million in equity financing. According to a SEC filing, the company already raised USD 538 million of the round in recent months and targets a total USD 650 million. New investors in the latest round include Alibaba and the hedge funds Glade Brook Capital Partners and York Capital Management. The financing values Snapchat at USD 16 billion, a person familiar with the matter told the Wall Street Journal. This is 60 percent more than its previous funding round in December.
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Wind, Vodafone sign letter of intent with Metroweb investors
2015-06-01 08:44:00| Telecompaper Headlines
(Telecompaper) Italian operators Vodafone Italia and Wind have signed a letter of intent with shareholders of broadband provider Metroweb to roll out a fibre-optic network throughout the country via a new vehicle called Metroweb Sviluppo (Metroweb Development). Vodafone Italia had already signed a non-disclosure agreement with infrastructure fund F2i over the possibility of buying a stake in Metroweb, while Wind had previously offered the assets of its fixed-line unit Infostrada as a means of implementing the government's broadband expansion plan. Italian state-backed holding company CDP, whose FSI fund is one of the main shareholders of Metroweb, has also come on board. "The project is open to other operators and investors who share the goal of building a national fibre-optic infrastructure in accordance with the guidelines and methods identified in the government's ultrabroadband plan," said Metroweb, Vodafone, Wind, F2i and FSI in a joint statement.
Expansion plans look bright for Amazon and its investors - Sun, 31 May 2015 PST
2015-05-31 10:23:34| IT Services - Topix.net
Shares of Amazon.com almost always seem overvalued, but those waiting for a big pullback often end up just watching the stock keep rising. Indeed, the company, raking in more than $90 billion annually, recently sported a market valuation of about $200 billion.
UPS Ready to Deliver on Promises to Investors
2015-05-30 06:51:52| Air Courier - Topix.net
United Parcel Service is rebuilding its reputation as a company that consistently delivers. That's a lot better than being known as the company that nearly ruined Christmas.
UPS Ready to Deliver on Promises to Investors
2015-05-30 06:42:20| Trucking - Topix.net
United Parcel Service is rebuilding its reputation as a company that consistently delivers. That's a lot better than being known as the company that nearly ruined Christmas.
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