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Netflix looks to raise USD 1.6 bln for new content, acquisitions
2017-10-24 08:59:00| Telecompaper Headlines
(Telecompaper) Netflix said it has priced an offering of USD 1.6 billion worth of senior notes. The 4.875 percent senior notes will be due 2028. Netflix said it will put the money raised towards general corporate purposes, including content acquisitions, production and development, capital expenditures, investments, working capital and potential acquisitions and strategic transactions.
Cisco buys Broadsoft for USD 1.9 bln
2017-10-23 15:07:00| Telecompaper Headlines
(Telecompaper) Cisco said it has agreed to acquire BroadSoft USD 55 per share in cash, in exchange for each share of BroadSoft, for a total of USD 1.9 billion net of cash. The transaction has been approved by the board of directors of each company.
Alibaba to double R&D spending to USD 15 bln, with eye towards 'moonshot' projects
2017-10-11 09:16:00| Telecompaper Headlines
(Telecompaper) Alibaba said it will be doubling its R&D spend over the coming three years to USD 15 billion in order to develop next-generation technology and explore moonshot projects aimed at upending industries, Bloomberg reported. Alibaba plans to set up seven research labs and hire 100 scientists around the world to push further into artificial intelligence, the Internet of Things and quantum computing, the company said in an emailed statement. Specific fields include machine learning, visual computing and network security.
Dell unveils new USD 1 bln IoT division
2017-10-11 08:35:00| Telecompaper Headlines
(Telecompaper) Dell Technologies has announced a new Internet of Things (IoT) division designed to integrate existing products and tools across the company and develop new Internet-connected devices and software. To that end, the company revealed plans to spend USD 1 billion on IoT-focused research and development over the next three years. The new division will be led by VMware CTO Ray O'Farrell, and is tasked with orchestrating the development of IoT products and services across the Dell Technologies family, including units such as units such as Dell EMC, VMware, RSA and Pivotal.
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unveils
Roku prices IPO at top of price range, raises USD 219 mln
2017-09-28 08:30:00| Telecompaper Headlines
(Telecompaper) Roku has priced its IPO at the high end of the indicated price range, raising in total USD 219 million. The 15.7 million shares were priced at USD 14 each, the top of the USD 12-14 price range.
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