SINGAPORE/HONG KONG (Reuters) – Chinese Internet firm Alibaba Group is in talks with existing shareholders, including Singapore state investor Temasek Holdings, to raise about $2.3 billion in equity to partly finance its deal with Yahoo Inc., two sources said.
Original post by timothy
(Reuters) – The Nasdaq is planning to revamp its systems for handling stock offerings after acknowledging that technology problems had affected trading in millions of newly issued Facebook shares on Friday, the Wall Street Journal reported.
Original post by timothy
(Reuters) – Yahoo Inc said it is to sell up to half of its stake in Internet entrepreneur Jack Ma’s Alibaba Group back to the Chinese company for $7.1 billion, and hand most of the sale proceeds to its shareholders.
Original post by timothy
SAN FRANCISCO (Reuters) – The chief executives of Apple Inc and Samsung Electronics Co Ltd are used to running the show at their global tech empires, but they will be in for a different experience when they arrive at a San Francisco federal courthouse on Monday.
Original post by Unknown Lamer
SAN FRANCISCO (Reuters) – The chief executives of Apple Inc and Samsung Electronics Co Ltd are used to running the show at their global tech empires, but they will be in for a different experience when they arrive at a San Francisco federal courthouse on Monday.
Original post by Unknown Lamer
SAN FRANCISCO (Reuters) – The chiefs of Apple Inc and Samsung Electronics Co Ltd are used to running the show at their global tech empires, but they will be in for a different experience when they arrive at a San Francisco federal courthouse on Monday.
Original post by Unknown Lamer
(Reuters) – Google said on Saturday that Chinese authorities have approved its $12.5 billion purchase of Motorola Mobility Holdings, the last regulatory hurdle to a deal that would allow the world’s No. 1 Internet search engine to develop its own line of smart phones.
Original post by timothy
(Reuters) – Google said on Saturday that Chinese authorities have approved its $12.5 billion purchase of Motorola Mobility Holdings, the last regulatory hurdle to a deal that would allow the world’s No. 1 Internet search engine to develop its own line of smart phones.
Original post by timothy
Amazon is reportedly meeting with advertisers to pitch the idea of welcome screen ads on its popular Kindle Fire tablet. The retail giant is asking $600,000 for prime placement on the slate, according to a report from AdAge. Amazon currently offers its entire range of Kindle eReaders with advertisements that appear on the devices’ screen savers. Customers who opt to purchase a Kindle with ads enjoy discounts of between $30 and $50 off the purchase price of the devices; if Amazon carries the same model over to its Kindle Fire, the end-user cost of the tablet could drop by as much as 25% to $149. Following an explosive launch quarter that saw Amazon’s Kindle Fire take an estimated 14% of the global tablet market after less then two months of availability, the tablet’s market share reportedly tumbled as Apple’s $399 iPad 2 extinguished Kindle Fire demand. With rumors surrounding a $200-$250 “iPad mini” heating up, an ad-supported Kindle Fire with a reduced price tag may help keep Amazon’s 7-inch tablet in the running.
Original post by Zach Epstein
SAN FRANCISCO (Reuters) – The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company’s sky-high valuation combined with trading glitches left the stock languishing near its offering price at the market close.
Original post by Soulskill
