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Apple invests USD 1 bln in Chinese car service Didi
2016-05-13 08:48:00| Telecompaper Headlines
(Telecompaper) Apple has invested USD 1 billion the Chinese ride-sharing service Didi Chuxing. The investment comes as Apple faces slowing sales of the iPhone and attempts to put a greater focus on services to grow revenue. China is also its second-largest market. Didi operates a service similar to Uber and also counts as its investors Alibaba Group and Tencent. THe Apple investment is part of a larger round of USD 2 billion in financing, which was expected to value to company at USD 25 billion, Bloombegr reported. CEO Tim Cook told Reuters that he sees opportunities for Apple and Didi Chuxing to collaborate in the future. "We are making the investment for a number of strategic reasons, including a chance to learn more about certain segments of the China market," he said. "Of course, we believe it will deliver a strong return for our invested capital over time as well."
Vonage buys Nexmo for USD 230 mln
2016-05-06 07:57:00| Telecompaper Headlines
(Telecompaper) Vonage has agreed to acquire privately-held Nexmo, a provider of cloud communications platforms, for USD 230 million in cash and stock. There is also an additional earn-out opportunity of up to USD 20 mln. Vonage noted that Nexmo is the world's second largest CPaaS company as measured by revenues and that it will provide an entry point for Vonage to expand its brand globally and sells its systems in EMEA, Asia Pacific and other geographies. Tony Jamous, co-founder and CEO of Nexmo, joins Vonage as president of Nexmo, a Vonage company, along with co-founder Eric Nadalin, CTO, and Nexmo's 170-person team.
Technavio Expects The Global Radio Frequency (RF) Filter Market To Reach USD 2.5 Billion By 2020
2016-05-06 03:58:54| rfglobalnet Home Page
According to the latest market research study released by Technavio, theglobal radio frequency (RF) filter market is expected to generate USD 2.5 billion by 2020, growing at a CAGR of over 15% during the forecast period.
Tags: market
radio
global
reach
Technavio Expects The Global Radio Frequency (RF) Filter Market To Reach USD 2.5 Billion By 2020
2016-05-06 03:58:54| wirelessdesignonline News Articles
According to the latest market research study released by Technavio, theglobal radio frequency (RF) filter market is expected to generate USD 2.5 billion by 2020, growing at a CAGR of over 15% during the forecast period.
Tags: market
radio
global
reach
Rovi buys TiVo for USD 1.1 bln
2016-05-01 23:02:00| Telecompaper Headlines
(Telecompaper) Rovi will be acquiring TiVo for USD 10.70 per share in cash and stock, translating into a total of USD 1.1 billion. The new company will continue to be led by Rovi CEO Tom Carson and upon closing of the transaction will adopt the TiVo brand as the new company name. The offer represents a premium of 40 percent over TiVo's closing price on 23 March. Rovi will finance the deal from cash on hand. The combined company will then have an estimated USD 150-270 million cash on hand at closing.
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