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Japan's SoftBank buys $627 million stake in Indian online retailer Snapdeal
2014-10-28 07:58:53| Telecom - Topix.net
Japanese telecom and media group SoftBank Corp has agreed to buy a $627 million stake in Indian online retailer Snapdeal, seeking to tap into potentially huge e-commerce growth in the market with the world's third-biggest Internet user base. Highlighting India as a new priority in its aggressive expansion, SoftBank said on Tuesday it's also leading a $210 million round of investment in an Indian logistics business in a separate deal.
Tags: online
million
indian
buys
Japan's SoftBank buys $627 million stake in Indian online retailer Snapdeal
2014-10-28 06:11:39| IT Services - Topix.net
Japanese telecom and media group SoftBank Corp has agreed to buy a $627 million stake in Indian online retailer Snapdeal, seeking to tap into potentially huge e-commerce growth in the market with the world's third-biggest Internet user base. Highlighting India as a new priority in its aggressive expansion, SoftBank said on Tuesday it's also leading a $210 million round of investment in an Indian logistics business in a separate deal.
Tags: online
million
indian
buys
Cotton Traders eyes expansion as Next sells stake
2014-10-27 16:15:00| Daily apparel & textile news and comment - from just-style.com
The founders of British leisurewear brand Cotton Traders are looking to expand into new markets and develop the business's online presence after buying back a 33% stake held by Next Plc.
Tags: eyes
expansion
cotton
sells
Telecom Italia sells 17% of Argentina stake
2014-10-27 08:54:00| Telecompaper Headlines
(Telecompaper) Telecom Italia has agreed to sell only a part of its stake in Telecom Argentina to US-backed investment fund Fintech, with the rest to follow once the deal secures regulatory approval from Argentine authorities. The Italian operator first announced an agreement to sell its controlling stake in Telecom Argentina's holding company Sofora Telecomunicaciones to Fintech for USD 960 million back in November 2013. However, Fintech's 40 percent stake in Argentine cable TV company Cablevision has proved a stumbling block due to local regulations limiting telecoms and media cross holdings. As a result, Telecom Italia has now announced an amended agreement to sell a 17 percent minority interest in Sofora to Fintech by end-October for USD 215.7 million. The sale of the remaining 51 percent controlling stake in Sofora will go through once the Argentine telecoms regulator SeCom gives the green light, which "is expected to occur within the next two and one-half years", according to Telecom Italia. In a statement, Telecom Italia confirmed that if the sale of its 51 percent of Sofora to Fintech is not completed within two and a half years, it could elect to terminate the deal or seek a third party buyer under a guarantee scheme with Fintech that ensures it will receive at least the same amount (USD 630.6 million).
Tags: italia
argentina
telecom
sells
Why Did Daimler Sell Its Stake in Tesla?
2014-10-26 14:09:53| Automakers - Topix.net
With fewer than 200 units of the Mercedes B-Class sold through September, the German luxury automaker would not appear to be a competitor for Tesla Motors in the electric vehicle space. However, Tesla's ambition as a car company expands beyond the EV industry, and Mercedes parent Daimler AG brought the company's relationship as constructed to a close with the sale its 3.9% stake in Tesla , Bloomberg reports.
Tags: sell
stake
daimler
tesla
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