LONDON: Tullow Oil plc announced that the sale of its assets in Uganda to Total has completed with $500 million consideration received earlier today. Tullow is also due to receive a further $75 million when a Final Investment Decision is taken on the development project plus contingent payments linked to the oil price payable after…
Entercom acquires QL Gaming Group in a $32 million all cash deal
PHILADELPHIA: Entercom Communications Corp. has closed on the acquisition of sports data and iGaming affiliate platform QL Gaming Group (QLGG) in an all cash deal for approximately $32 million, a news release said. The acquisition brings unrivaled data, analytics and insight-driven content to Entercom’s best-in-class sports broadcast stations, influential podcasts and RADIO.COM, the fastest growing…
Adobe to acquire Workfront
SAN JOSE: Adobe has entered into a definitive agreement to acquire Workfront, the leading work management platform for marketers, for $1.5 billion, subject to customary purchase price adjustments. With more than 3,000 customers and one million users, Workfront is the solution marketers rely on every day to efficiently manage content, plan and track marketing campaigns,…
Zix Corporation has acquired privately held CloudAlly Ltd.
DALLAS: Zix Corporation has acquired privately-held CloudAlly Ltd., an industry leader in cloud-based data backup and recovery for business, a news release said. Founded in 2011, Israel based CloudAlly is a pioneer of enterprise-grade, software-as-a-service (SaaS) cloud backup and recovery solutions. The company offers a robust suite of award-winning, ISO 27001 certified and GDPR/HIPAA compliant…
Pakistan LNG Limited issues tender for import of six LNG cargoes
KARACHI: State owned Pakistan LNG Limited (PLL) has invited bids for import of six liquefied nautral gas (LNG) cargoes of 140,000 cubic meters each to be delivered in January 2021. The country has ramped up spot LNG buying given the increased demand in winters. Last month PLL had issued a tender of six LNG cargoes…
Hellenic Telecommunications agrees to sell Telekom Romania (Fixed) to Orange Romania for €497 million
ATHENS: Hellenic Telecommunications Organization S.A. (OTE) has entered into an agreement to sell its 54% stake in Telekom Romania Communications S.A. (Fixed) to Orange Romania. The agreed consideration is €497m for 100%, corresponding to €268m for OTE’s stake, on a debt-free, cash-free basis and is subject to customary adjustments at closing of the transaction, such…
Mirriad, in partnership with leading independent companies, launches Music Alliance
LONDON: Mirriad, the computer vision and AI-powered in-video advertising company, has announced the launch of the Music Alliance. Mirriad is partnering with globally renowned record labels and leading independent music companies such as Red Light Management, the largest independent music management company in the world, and prominent UK-based label B-Unique Records to place high profile…
Yü Group acquires business customer book of a Midlands-based energy group
LONDON: Yü Group PLC, the independent supplier of gas, electricity and water to the UK business sector is delighted to announce the acquisition of the business customer book of a Midlands-based energy group. The customer book has been acquired from a Midlands-based group, which is divesting its mains gas supply book to focus on its…
Walker Greenbank’s Sanderson and Morris & Co sign licensing agreement with NEXT
LONDON: Walker Greenbank announced that its Sanderson, Sanderson Home and Morris & Co brands have signed a licensing agreement with major retailer NEXT for an extensive range of clothing, homeware and accessories for an initial term of two and a half years. This agreement follows the successful collaboration between NEXT and the Company’s Scion brand…
Glanbia launches €50 million share buy-back programme
LONDON: Glanbia plc has commenced a share buy-back programme of up to €50 million in total value in Glanbia plc ordinary shares, a news release said. The purpose of the share buyback programme is to reduce the share capital of the Company. The Company has entered into an agreement with J&E Davy to act as…
Urban Logistics REIT acquires five logistics assets for a total of £33.1 million
LONDON: Urban Logistics REIT announced the acquisition of five high-quality logistics assets for a total consideration of £33.1 million at a blended 6.4% NIY in Ripon, Braintree, Oxford, Exeter and Warrington. These urban logistics sites support a diverse customer base. Richard Moffitt, Chief Executive, commented: “These acquisitions were sourced off-market and are in line with…
K3 Capital completes integration of randd and Quantuma
LONDON: K3 Capital Group plc, a multi-disciplinary professional services firm providing advisory services to SMEs, has successfully completed the integrations of randd and Quantuma in line with management’s 100-day integration plan. As part of this process, management have streamlined and consolidated certain Group functions such as finance, human resources and marketing, creating certain expected cost…