LONDON, UK: Smith+Nephew, the global medical technology business, announced the acquisition of Engage Surgical, owner of the only cementless unicompartmental (partial) knee system commercially available in the US. This acquisition strongly supports Smith+Nephew’s strategy for growth by transforming its business through innovation and acquisition, while also providing differentiation for its customers. The Engage Surgical Partial…
Boku Inc to sell Boku Identity to Twilio for $32.3mn
LONDON, UK: Boku Inc., a leading provider of mobile payment solutions, has reached agreement for the divestment of its wholly-owned subsidiary Boku Identity Inc. to Twilio Inc. for a maximum transaction value of $32.3 million, payable in cash. Boku Identity provides mobile identity and authentication solutions driven by real-time connections to Mobile Network Operators (MNOs)….
Alex Biro appointed MD & CEO of TEK-Ocean Group
SYDNEY, AUSTRALIA: TEK-Ocean Group has appointed Alex Biro as Managing Director and Chief Executive Officer of the Company effective 19 January 2022. Alex Biro was a non-executive director and one of the original founders of the company. Alex has been a visionary leader at board level guiding TEK-Ocean from initial beginnings to strategic goals to…
Microsoft to buy Candy Crush maker, Activision for $70bn
SEATTLE: Microsoft has agreed to buy video game company Activision Blizzard in a $70 billion. Activision makes some of the most popular titles, including Call of Duty and Candy Crush. Phil Spencer, the chief executive of Microsoft’s gaming business, said that whatever the metaverse may end up being, “gaming will be at the forefront of…
Vivendi to acquire 8.5% stake in Progressif Media
PARIS, FRANCE: Vivendi will acquire 8.5% stake in the digital communication group Progressif Media from ZeWatchers. Progressif Media specializes among other things, in the design and execution of social network campaigns. ZeWatchers will own 30%, and the three founders, Emile Duport, David Bonhomme and Thomas Ghys, who retain 60% of the company. Vivendi will acquire…
Does Islam allow forex trading?
Forex trading, also known as foreign exchange, currency market or FX (foreign exchange), allows investors to buy and sell currencies. For example, A trader could sell a British Pound, and in return, the trader would receive the US Dollars. Then they could use their US dollars to buy Indian Rupees and so on. Dubai happens…
Decmil Group wins $18.1mn Town of Port Hedland contract
SYDNEY, AUSTRALIA: Decmil Group Limited (ASX: DCG) has secured a $18.1 million contract from the Town of Port Hedland to construct a new Port Hedland Community Centre building complex. The contract is scheduled to be completed in March 2023, with the works to be carried out in staged portions to ensure the uninterrupted running of…
Telenor agrees to sell its stake in Wave Money to Yoma Strategic
OSLO, NORWAY: Telenor Group and Yoma Strategic have entered into an agreement to sell Telenor Group’s 51 percent share of Digital Money Myanmar Limited (Wave Money) for USD 53 million (around NOK 470) to Yoma MFS Holdings Pte. Ltd, a subsidiary of Yoma Strategic. Wave Money is a mobile financial services provider in Myanmar which…
Shawn Purvis appointed President and CEO of QinetiQ US
LONDON, UK: QinetiQ Group has named Shawn Purvis as President and CEO of QinetiQ US, effective 16 February 2022. Shawn is currently a member of the Executive Leadership Team and Corporate Vice President at Northrop Grumman Corporation. Shawn leads Northrop Grumman’s Enterprise Services sector, responsible for global cyber security, operations and next generation digitisation including…
Palace Capital acquires Maidenhead office building for £10.25m
LONDON, UK: Palace Capital has acquired 22 Market Street, an office building in the centre of Maidenhead, Berkshire for £10.25 million reflecting a net initial yield of 6.83%. The transaction has been funded using both the existing NatWest revolving credit facility and proceeds from the Company’s £30 million disposal strategy, which aims to generate capital…
Vela Technologies invests in EnSilica Limited
LONDON, UK: Vela Technologies has invested £750,000 in EnSilica Limited, a leading fabless semiconductor design business focused on custom mixed signal Application Specific Integrated Circuits (ASICs), in the form of convertible loan notes, as part of a pre-IPO funding round being undertaken by EnSilica to raise up to £1.5 million. Vela Technologies is an AIM-quoted…
GFH spins out infrastructure investments into Infracorp
MANAMA, BAHRAIN: GFH Financial Group announced the spinning out of its infrastructure and real estate assets under the newly established “Infracorp” capitalized with more than US$1 billion in infrastructure and developed assets into the Company, which will specialise in investments focusing on accelerating growth and development of sustainable infrastructure assets and environments across the Gulf…