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EFI buys 3D software specialist Optitex for $52.8m

2016-06-17 13:46:00| Daily apparel & textile news and comment - from just-style.com

The digital transformation of the clothing industry could be set for a boost with the acquisition of 3D design an prototyping software firm Optitex by digital printing specialist Electronics For Imaging.

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Twitter buys stake in SoundCloud

2016-06-15 10:34:00| Telecompaper Headlines

(Telecompaper) Twitter has invested around USD 70 million for a stake in the music service SoundCloud, reports Re/code. This is part of a financing round by SoundCloud to raise about USD 100 million in total, sources familiar with the deal said. The round is expected to value SoundCloud at about USD 700 million the same value that investors placed on the company in 2014. Twitter CEO Jack Dorsey wouldn't comment on the specifics of the company's investment, but confirmed that Twitter now owns a stake in SoundCloud. "Earlier this year we made an investment in SoundCloud through Twitter Ventures to help support some of our efforts with creators," he said. "They've been great partners of ours over the years and their community-supported approach mirrors ours in many ways."

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Microsoft buys LinkedIn for USD 26.2 bln

2016-06-13 14:49:00| Telecompaper Headlines

(Telecompaper) Microsoft has agreed to fully acquire LinkedIn for USD 196 per share in an all-cash transaction valued at USD 26.2 billion. Under the deal, which includes LinkedInīs net cash, the company will retain its brand, culture and independence, and Jeff Weiner will remain CEO, reporting to Microsoft chief Satya Nadella.

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Symantec buys Blue Coat for USD 4.65 bln

2016-06-13 09:10:00| Telecompaper Headlines

(Telecompaper) Symantec has agreed to acquired Blue Coat for USD 4.65 billion in cash, in a deal that has been approved by the board of directors of both companies and which is expected to close in the third quarter. Upon closing, Symantec will be led by Blue Coat CEO Greg Clark, who will also join the Symantec board. On a pro-forma and adjusted basis, the combined company would have reported USD 4.4 billion in revenues for its fiscal full year to end April, with 62 percent coming from enterprise security.

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E&J Gallo buys Orin Swift Cellars

2016-06-10 08:37:00| Daily beverage news and comment - from just-drinks.com

E&J Gallo has acquired Californian wine company Orin Swift, as it looks to expand operations in the luxury division. 

Tags: swift buys gallo cellars

 

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