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Tag: buys
September's top stories: CPP buys container vessels, Hyundai to build boxships
2013-10-01 01:00:00| Ship Technology
CPP buys three TEU container vessels for $195m, the solar-powered catamaran MS Turanor Planetsolar arrives in the UK and Hyundai receives a $1.4bn order to build ten container ships. Ship-technology.com wraps the headlines from September 2013.
Tags: top
build
stories
hyundai
Detroit Cristo Rey High School buys site for $2.3 million
2013-09-30 16:37:00| American School & University
School acquires the former Holy Redeemer High School, which it has been leasing since 2008. Schoolhouse Beat read more
Tags: site
high
school
million
Ford buys Ferndale software developer
2013-09-29 02:06:05| Automakers - Topix.net
A Ferndale-based software company has been purchased by Ford Motor Company. Livio makes software applications that Ford hopes to use as the platform in their vehicles and for others in the auto industry.
Tags: software
ford
developer
buys
Beats Electronics buys back HTC's stake for $265m
2013-09-27 02:00:00| Total Telecom industry news
Taiwanese smartphone company spent $300 million on U.S. headphone maker in 2011.
Tags: back
electronics
beats
buys
XL Axiata buys Axis
2013-09-27 01:20:00| Telecompaper Headlines
(Telecompaper) Indonesian mobile operator XL Axiata has agreed to acquire competitor Axis Telekom Indonesia from Saudi Telecom Company (STC) and its subsidiary Teleglobal Investments. Under the agreement, Teleglobal will sell 95 percent of Axis' share capital for a cash consideration of USD 100. As part of the deal, XL will settle Axis' USD 865 million in debts. The company said that the consideration represents the enterprise value of Axis, on a cash free and debt free basis. A local Indonesian shareholder will hold the remaining 5 percent in Axis. XL said the acquisition would provide additional spectrum capacity, particularly in the 1800 MHz band, would boosts its subscriber base, and provides a stronger data focus and traction among the youthy segment. The acquisition is subject to regulatory approvals and is expected to close by 31 March 2014.
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