LONDON, UK: Mattioli Woods plc (AIM: MTW.L), the specialist wealth and asset management business, has acquired 50.1% of the issued share capital of White Mortgages Limited from Steven White for a consideration of £0.425 million. Mattioli Woods has also entered into an option agreement with the Seller, Mark Sutton and Robert White (“the Shareholders”) which…
RS Group to acquire Distrelec B.V. for a consideration of €365 million
LONDON, UK: RS Group Plc has reached agreement to acquire Distrelec B.V., a high-service, digital-led distributor of industrial and MRO products for a consideration of €365 million (c. £323 million) on a cash-free and debt-free basis. The consideration represents an acquisition multiple of under 11x adjusted EBIT on a 12-month basis to 31 December 2022….
Motorola launches ThinkPhones at $699 in the US
Motorola has launched its new high-end smartphone, the ThinkPhone, which is designed primarily for the enterprise market. The ThinkPhone retails at $699 and is available in the US from April 26, 2023. This marks the first time the company has released a ThinkPad-branded phone. The device can also be used as a companion to Lenovo’s…
LBank adds $GENSLR memecoin to its cryptocurrency exchange listings
Global cryptocurrency exchange, LBank, has just announced the listing of memecoin $GENSLR (Good Gary Gensler) on its platform. The coin was created to symbolize the strength and unity of the crypto community in overcoming fear, uncertainty, and doubt (FUD) surrounding the industry. It is now available for trading on LBank paired against USDT. Developers of…
Merkle Trade launches innovative decentralized trading platform with 1,000x leverage
Merkle Trade, a cutting-edge decentralized platform for trading cryptocurrencies and synthetic assets, has launched with advanced trading features and leverage of up to 1,000x. The platform will initially support trading pairs including ETH/USD, BTC/USD, and APT/USD. To celebrate its launch, Merkle Trade has announced its first-ever trading contest with a prize pool of $3,000. The…
Avaada Group gets $1.07bn funding from Brookfield Renewable and Global Power Synergy
Avaada Group has raised $1.07 billion in funding as part of an ongoing $1.3 billion fund raise plan. The funding comes from Brookfield Renewable’s Brookfield Global Transition Fund (BGTF), which will invest up to $1 billion in Avaada Ventures Private Limited, and Global Power Synergy Public Company Limited, which will invest $68 million in Avaada…
OPPO Reno 10 Pro+ spotted on 3C certification site ahead of launch, confirms 100W fast charging
Chinese smartphone maker OPPO is set to launch its new OPPO Reno 10 series in the coming weeks. The lineup is said to feature three devices – the OPPO Reno 10, OPPO Reno 10 Pro, and the OPPO Reno 10 Pro+. The top-tier model, OPPO Reno 10 Pro+, has now been spotted on the Chinese…
UK blocks Microsoft’s $69bn acquisition of Activision Blizzard over cloud gaming competition concerns
The UK’s Competition and Markets Authority (CMA) has blocked Microsoft’s proposed acquisition of Activision Blizzard, citing concerns over competition in the cloud gaming sector. The $69bn deal would have given Microsoft control over leading franchises like Call of Duty, which the CMA said could harm competition. While Microsoft had offered access to Activision’s Call of…
Anne O’Leary appointed Head of Meta Ireland amidst company downsizing
Meta, the parent company of Facebook, has announced that Anne O’Leary will be taking on the role of Head of Office at Meta Ireland, in addition to her current role as Vice President in the company’s EMEA Global Business Group division. The position was left vacant by Rick Kelley, who recently left the social media…
Quadient launches advanced cash application module for intelligent communication automation SaaS platform
PARIS, FRANCE: Quadient (Euronext Paris: QDT), a company that helps businesses establish significant customer connections through physical and digital channels, has made an announcement on the worldwide launch of a new Advanced Cash Application module for their Intelligent Communication Automation SaaS platform. This move aims to provide mid-market and enterprise customers with a complete end-to-end…
Teleperformance announces €3bn offer to acquire digital services provider Majorel
PARIS, FRANCE: Teleperformance, a global leader in digital business services, has announced its proposed voluntary cash and share offer for all shares in Majorel, valued at €3bn. The offer is €30 per share for cash consideration or the option to receive Teleperformance shares at an exchange ratio of 0.1382 Teleperformance share for each Majorel share,…
Platform One acquires over £1bn in SIPP assets from Gaudi in latest deal
Platform One has announced its acquisition of the operation of more than £1bn self-invested personal pension (SIPP) assets currently administered by Gaudi. The deal also includes the acquisition of Gaudi Trustees. With this acquisition, Platform One will acquire Gaudi’s staff, which will allow the company to launch its own on-platform SIPP. Platform One’s CEO, Alex…