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Yahoo confirms deal to buy Tumblr for USD 1.1 billion
2013-05-20 14:38:00| Telecompaper Headlines
(Telecompaper) Yahoo has confirmed that it has reached a definitive agreement to acquire blog website Tumblr, which will be independently operated as a separate business and keep David Karp as CEO. Yahoo will pay USD 1.1 billion for Tumblr. Subject to customary closing conditions, the transaction is expected to close in the second half of the year.
Yahoo agrees to pay USD 1.1 billion for Tumblr - report
2013-05-20 09:05:00| Telecompaper Headlines
(Telecompaper) Yahoo's board has agreed to acquire blogging site Tumblr for USD 1.1 billion in an all-cash deal, people familiar with the matter told the Wall Street Journal. Tumblr's board has approved the deal as well, according to one of the people. The agreement could be announced on 20 May.
Verizon Wireless to pay USD 7 bln in dividends
2013-05-14 08:51:00| Telecompaper Headlines
(Telecompaper) Verizon Wireless has approved a dividend worth USD 7.0 billion for its shareholders Verizon Communications and Vodafone. The dividend will be paid on 25 June. Verizon Communications owns 55 percent of the mobile operator, and Vodafone Group owns the remaining 45 percent. Vodafone said its share of the dividend would be USD 3.2 billion (GBP 2.1 billion). The company said it will say more on how it plans to use the cash at its next quarterly results announcement, on 21 May.
Tags: pay
wireless
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Nokia Asha Platform Unlocks Sub-100 USD Smartphone Opportunity for Developers
2013-05-13 21:35:03| Location-Based Services (LBS) Zone
New Asha platform delivers developers a consistent quality application experience in the world's fastest growing smartphone category
Tags: opportunity
usd
platform
nokia
AsiaInfo-Linkage agrees takeover for USD 890 million
2013-05-13 15:43:00| Telecompaper Headlines
(Telecompaper) BSS provider AsiaInfo-Linkage has agreed a takeover by a group of private investors led by CITIC Capital Partners valuing the company at USD 890 million. The possibility of taking the China-based company private was first discussed in January 2012, and the companies have now agreed a definitive offer worth USD 12 per AsiaInfo share. This is a 52 percent premium on the share price the day before the takeover talks were first announced. A special committee of independent directors as well as AsiaInfo's board of directors are recommending shareholders accept the offer. Closing of the deal depends on shareholder and regulatory approval. The takeover consortium is led by CITIC Capital Partners and Edward Tian, co-founder and a significant stockholder of AsiaInfo-Linkage, and their respective affiliates, including CITIC PE and China Broadband Capital Partners II, which will provide equity financing for the deal.
Tags: million
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