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TerraVia Sells Stake in Algenist

2016-08-08 16:02:00| Happi Breaking News

Tengram Capital Partners acquires majority of algae-based beauty brand.

MTS exits Uzbekistan, sells UMS stake to state

2016-08-08 08:46:00| Telecompaper Headlines

(Telecompaper) Russian mobile operator MTS is exiting the Uzbekistan market and has sold its 50.01 percent stake in the mobile operator Universal Mobile Systems (UMS) to the government. The State Unitary Enterprise Centre of Radio Communication, Radio Broadcasting and Television of the Ministry of Development of ICT acquired the shares for an undisclosed sum. The state already held the other 50 percent of UMS. MTS said the dale is "due to a variety of business reasons and other circumstances", but did not provide further details. The company expects to record a write-off of the related assets of RUB 3 billion in Q3.

Tags: state uzbekistan sells stake

Coach sells headquarters in lease-back deal

2016-08-02 12:50:00| Daily apparel & textile news and comment - from just-style.com

Luxury accessories firm Coach Inc has sold its headquarters in deal worth US$707m under a sale and lease-back agreement.

Tags: deal coach headquarters sells

Icann sells .web domain for record USD 135 mln

2016-07-29 15:34:00| Telecompaper Headlines

(Telecompaper) The .web domain has sold for a record USD 135 million in an auction by Icann. A company called Nu Dot Co won the auction and can now offer firms the chance to own a domain ending .web. The figure is three times as much as was paid for the previous record holder, .shop, which went for USD 41.5 million, the BBC reports. Losing bidders for the domain included Google and net registry firms Afilias, Radix and Donuts. It was not known who is behind the company Nu Dot Co, but it faced pressure to be excluded from the auction by the other bidders.

Tags: web record domain usd