Elon Musk has made an offer of $54.20 per share in cash, representing a 54% premium over the Jan 28. closing price and a value of about $43 billion to acquire Twitter Inc.. The social media company’s shares soared 18%.Musk, 50, announced the offer in a filing with the U.S. Securities and Exchange Commission on Thursday….
Category: Wire
News wire, ,nyse exchange, market newspaper, equities market news, financial news,
eDriving signs international collaboration with Bosch Service Solutions
LONDON: eDriving, a Solera company and a leading provider of digital driver risk management solutions, today announced an exciting new international collaboration with Bosch Service Solutions, a leading provider for technology-based emergency call services and solutions, and Sfara, leading supplier of smartphone-based collision detection and personal safety technology. As a result of the collaboration, the…
SHEIN, the B2C fast fashion e-commerce platform, will raise $1.0bn
SHEIN describes itself as “an international B2C fast fashion e-commerce platform (that) focuses on women’s wear, but also offers men’s apparel, children’s clothes, accessories, shoes, bags and other fashion items. SHEIN was valued at $100 billion in a recent funding round, according to people familiar with the matter, making the China-based apparel seller one of…
Bernard Pryor appointed Managing Director of Karo Mining Holdings
PAPHOS, CYPRUS: Tharisa Plc, the platinum group metals (PGMs) and chrome co-producer listed on the Johannesburg and London stock exchanges, announced that Bernard Pryor has been appointed as Managing Director (MD) of Karo Mining Holdings Limited. Tharisa announced on 31 March 2022 that it has exercised its farm-in option and increased its stake in Karo…
Meta, NIBAF collaborate to up-skill women entrepreneurs
KARACHI, PAKISTAN: Meta is collaborating with the National Institute of Banking and Finance (NIBAF), a subsidiary of the State Bank of Pakistan (SBP) to train and up-skill Pakistani women entrepreneurs in order to foster sustainability and resilience of women-led businesses in the country.The program is being implemented under the ‘Business Resilience through Financial Education (BRFE)’ component…
Etalon to acquire YIT Corporation’s Russian business for RUB 4.59 billion
MOSCOW, RUSSIA: Etalon Group Plc, one of Russia’s largest and longest-established development and construction companies, announced that its Board of Directors has reviewed and approved the strategic acquisition of YIT Corporation’s Russian business for a maximum consideration of RUB 4,597 million. Etalon Group together with YIT Corporation have agreed on the sale of YIT Russia….
Coworking space startup, Colabs, secures $3 million in seed funding
LAHORE, PAKISTAN: Coworking space startup, Colabs, has secured $3 million in seed funding in a round led by Indus Valley Capital, Zayn Capital and Fatima Gobi Ventures. Colabs co-founder and CEO Omar Shah, a former investment banker, told TechCrunch, ‘We realized that people setting up operations in Pakistan need other services; they need help to set up companies,…
Samsung Electronics appoints new chief executive officer
LONDON: Samsung Electronics Co., Ltd., on March 16, 2022, announced the appointment of Kye Hyun Kyung as one of its Chief Executive Officers.
Etalon Group announces changes to Board of Directors
MOSCOW: Etalon Group Plc, one of Russia’s largest and longest-established development and construction companies, announced changes to the membership of its Board of Directors. Etalon Group’s Board of Directors has accepted the resignation of the independent director Martin Cocker from the Board and its committees. Mr Cocker had served as Chairman of the Board’s Audit Committee…
Google is buying cybersecurity firm Mandiant for $5.4 billion
LONDON, UK: Alphabet Inc’s Google is buying cybersecurity firm Mandiant Inc for $5.4 billion. A shift to remote working during the pandemic, as well as the Russia-Ukraine conflict, has fueled a spike in cyberattacks and bolstered demand for security software, a market expected to more than double to $352.25 billion by 2026 from 2020, according…
PetroTal reduces production due to protests at its loading dock
HOUSTON, TEXAS: PetroTal Corp. (AIM: PTAL) has reduced production to ensure field safety and manage storage levels due to social protests at PetroTal’s loading dock. On February 28, 2022 a small group from the Asociación Indígena de Desarrollo y Conservación de Bajo Puinahua (AIDECOBAP) commenced gathering outside the Bretana oilfield that led to access to…
ALYI to accelerate EV rollout expansion by accepting Cryptocurrency
DALLAS: Alternet Systems Inc. (ALYI) will expand its electric vehicle rollout to new cities beyond Addis Ababa and Nairobi in conjunction with accepting cryptocurrency for purchases. ALYI is currently delivering electric motorcycles and three wheeled electric Bajas in Addis Ababa, Ethiopia and Nairobi, Kenya. The EVs are being delivered into the local taxi and delivery…