je.st
news
Tag: usd
NBCUniversal to buy DreamWorks Animation for USD 3.8 bln
2016-04-28 15:25:00| Telecompaper Headlines
(Telecompaper) Comcast announced an agreement to acquire the film studio DreamWorks Animation for USD 3.8 billion. The deal will strengthen its Universal Pictures division with a range of especially family entertainment, which can also be distributed across its other media, broadband and theme park properties. DreamWorks Animation stockholders will receive USD 41 in cash per share in the takeover expected to close by the end of 2016, pending regulatory approval. Following the completion of the transaction, DreamWorks Animation CEO and co-founder Jeffrey Katzenberg will become Chairman of DreamWorks New Media, a new unit grouping Comcast's stakes in Awesomeness TV and NOVA. Katzenberg will also serve as a consultant to NBCUniversal.
Tags: buy
usd
animation
dreamworks
Facebook Q1 revenues grow 52% to USD 5.4 billion
2016-04-28 08:12:00| Telecompaper Headlines
(Telecompaper) Facebook reported first-quarter revenues up 52 percent year-on-year to USD 5.4 billion. EBIT roughly doubled to USD 2.0 billion, and the net profit nearly tripled to USD 1.5 billion. The number of active monthly users on the social network rose to 1.65 billion from 1.44 billion a year ago, with mobile users reaching 1.51 billion. Average revenue per user was the highest in North America at USD 12.43 per month, followed by Europe at USD 3.98 and Asia at USD 1.56. Facebook also announced plans to issue a new class of 'C' shares. These will be issued to A and B shareholders at a ratio of two for one.
Tags: usd
grow
billion
revenues
Comcast to buy DreamWorks for over USD 3 billion - report
2016-04-27 08:27:00| Telecompaper Headlines
(Telecompaper) Comcast is in talks to buy DreamWorks Animation SKG for more than USD 3 billion, people familiar with the matter told the Wall Street Journal. The takeover will help its unit Uhiversal Pictures expand further in the lucrative animation and family entertainment market. DreamWorks is the maker of "Shrek," "Kung Fu Panda," and "Madagascar" movies, among others. Comcast would pay a substantial premium over DreamWorks' current USD 2.3 billion market value. DreamWorks has been seeking a buyer for several years. In 2014, it held talks with SoftBank and toy maker Hasbro. More recently it has held discussions with potential buyers in China, said people close to the company.
Google grows quarterly sales 17% to over USD 20 bln
2016-04-22 08:28:00| Telecompaper Headlines
(Telecompaper) Alphabet, the parent company of Google, reported first-quarter sales up 17 percent year-on-year to USD 20.257 billion. Excluding currency effects, revenues rose 23 percent. The company's operating margin was stable at 26 percent, and net profit rose to USD 4.207 billion or USD 6.02 per share from USD 3.515 billion or USD 5.10 a year ago. Google alone, excluding the company's 'other bets', also posted revenues up 17 percent, at USD 20.091 billion, and its operating profit rose to USD 6.272 billion from USD 5.188 billion. The 'other bets' contributed an operating loss of USD 802 million on revenue of USD 166 million. Alphabet collected USD 7.658 billion in operating cash flow in the quarter and spent USD 2.428 billion on capital equipment, leaving it with total cash of USD 75.264 billion at the end of March.
Tags: sales
google
usd
quarterly
Telstra sells stake in China's Autohome for USD 1.6 billion
2016-04-18 11:06:00| Telecompaper Headlines
(Telecompaper) Telstra has agreed to sell a 47.7 percent stake in Chinese online business Autohome to Ping An Insurance Group for USD 1.6 billion. Telstra will retain a 6.5 per cent interest in Autohome after completing the transaction. The sale price of USD 29.55 per share reflects a premium of 12.7 percent to Autohome's volume weighted average price over the past 60 days. Ping An is expected to support Autohome's expansion into the offline car retail market in China, offering its expertise in financing and insurance. Telstra said it expects to book an accounting gain of AUD 1.8 billion in the second half of fiscal 2016. Completion of the sale is subject to Chinese regulatory approvals and Autohome Board approval. Telstra said it will take a "balanced approach in considering the use of these funds, which includes potential capital management options".
Sites : [85] [86] [87] [88] [89] [90] [91] [92] [93] [94] [95] [96] [97] [98] [99] [100] [101] [102] [103] [104] next »