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Facebook faces USD 1 bln lawsuit about Palestinian attacks
2016-07-12 09:26:00| Telecompaper Headlines
(Telecompaper) The Israeli and American families of victims of Palestinian attacks filed a USD 1 billion lawsuit against Facebook, claiming the social network is providing a platform for militants to spread incitement and violence, their lawyers said, as reported by the Associated Press. The Shurat Hadin group says Facebook violates the US Anti-Terrorism Act by giving militant groups such as Hamas a platform for spreading violence. Hamas called the lawsuit an Israeli attempt to blackmail Facebook.
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Line prices IPO, could raise up to USD 1.3 bln
2016-07-11 09:36:00| Telecompaper Headlines
(Telecompaper) Japan said it will sell 35 million shares for its initial public offering (IPO), setting the price at JPY 3,300 per share. It will also offer a greenshoe of 5.25 million, taking the total raised to JPY 132.8 billion (USD 1.3 billion). At the IPO price, the company is valued at about USD 6.9 billion and will be the biggest technology debut of the year, Bloomberg reported.
Polycom accepts USD 2 bln bid from Siris
2016-07-08 15:29:00| Telecompaper Headlines
(Telecompaper) Polycom said it has terminated its previously announced USD 1.96 billion merger agreement with Canada's Mitel Networks and accepted one from Siris, for USD 12.50 per share in cash, or a total of USD 2 billion, including debt. A report had earlier noted the company received a higher offer from an unidentified private equity firm. Polycom will pay the requisite termination fee and then enter into a new merger agreement with Siris, previously described as "Sponsor 1" in Polycom's filings with the US Securities and Exchange Commission.
Avast to acquire AVG for USD 1.3 billion
2016-07-07 10:14:00| Telecompaper Headlines
(Telecompaper) The security software providers Avast and AVG Technologies have agreed to merge. The deal will see Avast make an offer for AVG shares at USD 25 per share in cash, for a total consideration of USD 1.3 billion. Both companies were founded in the Czech Republic and have expanded internationally to cover a wide range of security applications. The merger will offer them more scale to build on the international growth and new opportunities such as the IoT. Together the two companies' products secure over 400 million endpoints, including 160 million mobile devices.
Equinix sells data centre assets for USD 874 mln
2016-07-06 09:24:00| Telecompaper Headlines
(Telecompaper) Data centre operator Equinix has sold eight European data centre assets to Digital Realty Trust for USD 874 million. The sale of the data center assets was required by the European Commission as part of its approval of Equinix's purchase of TelecityGroup, which closed in January. Equinix has also agreed to buy, for EUR 189.7 million, Digital Realty's operating business in St Denis, Paris, including its real estate and data centre facility, which currently house Equinix's PA2 and PA3 International Business Exchange (IBX) data centers. The Paris deal, still subject to certain customary formalities, is expected to close in Q3.
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