Alibaba is in big trouble as Investors lose confidence over the continuing decline of shares caused by the slow consumer spending brought by the Chinese economic meltdown.
BlackBerry Ltd announced Friday that it acquired Good Technology for $425 million to improve its position in the Apple world. BlackBerry expects to earn $160 million in revenue during the first year after the acquisition, which will close on November. This is according The Daly Mail UK. BlackBerry's shares listed in Toronto saw a 1.1 percent spike at C$7.97 in early during the trade. BlackBerry Chief Executive John Chen promised that their cash flow would remain positive overall. He said he sees a lot of opportunity to drive value for the company's stakeholders.
Giant South Korean web portal operator Naver Corp is yet to decide on when put its messenger app unit Line Corp on Initial Public Offering (IPO) due to the present volatility of the market.
Zynga continues to lose more players as internet users switch to mobile devices. The Farmville creator continues to cope by investing more in slot games which helped the company slash its losses from $62.5 million to $26.9 million.
Twitter could be in the crosshairs of acquisition attempts from other technology companies should the microblogging stalwart fail to reverse the freefall its stock prices have caught in.
The Match Group, operators of the dating app Tinder and matchmaking websites Match.com and OkCupid along with several others, is headed for an initial public offering. This was revealed by Barry Diller, Chairman and Senior Executive of InterActiveCorp (IAC), who owns the business unit.
China stocks fell sharply again on Thursday, fighting off fresh moves by regulators to restore confidence and raising questions about how much more firepower Beijing can bring to bear before a full-scale panic sets in.
Shares of credit bureau TransUnion TRU.N rose as much as 10 percent in their debut, valuing the company at about $4.5 billion.
Shares of Wingstop Inc (WING.O), a Dallas-based chicken wing restaurant chain, rose nearly 70 percent in their market debut on Friday, valuing the company at $914 million.
Worldpay, a payment processing company, is set to hire six banks to propel the company's £6 billion ($9.22 billion) stock market listing. The £6 billion ($9.22 billion) valuation could make it the largest initial public offering (IPO) in the UK this year.
U.S. mutual funds are placing bigger bets on privately held companies to get a head start finding the next IPO superstar, a strategy that has yielded some dramatic payoffs and flameouts.
Brazilian investment bank BTG Pactual SA (BPAC3.SA) and its partners P2Brasil and GMR Energia jointly sold 100 percent of renewable energy company Latin America Power (LAP) to SunEdison, BTG and P2 said on Thursday.
Canadian e-commerce software maker Shopify Inc (SHOP.N) (SH.TO) said its U.S. initial public offering was priced at $17 per share, valuing the company at about $1.27 billion.
Ferrari's timely return to the front row of the Formula One grid bodes well for the luxury sportscar maker as it prepares to list shares and split from parent Fiat Chrysler Automobiles. (FCHA.MI) (FCAU.N)
Global investment banks are scrambling to get a piece of the action from India's booming technology start-ups, having missed out on the initial flurry of deal-making to their better-connected but much smaller domestic rivals.
Subscribe to VCpost newsletter
- Alibaba Co-Founder Jack Ma, the Chinese Tech's Poster Boy, Moves Into Food Business
- Warren Buffett's Trusted Associate Charlie Munger Dies at 99: What's Next for Berkshire Hathaway?
- Spirit Airlines Offers Early Departure Packages to Salaried Employees: Here's Why
- SoFI Is Exiting the Crypto World — Here Are the 3 Best Alternatives for Trading Crypto
- General Motors Stock Jumps 10% as the Automaker Announces $10 Billion Buyback, Dividend Hike