‘billion’ Tagged Posts

Apple confirms $1 billion investment in SoftBank tech fund

Softbank has said that it will invest at least $ 25 billion in the fund and is in talks with Saudi Arabia's Public Investment Fund for investment ...

 

Apple confirms  billion investment in SoftBank tech fund

Softbank has said that it will invest at least $ 25 billion in the fund and is in talks with Saudi Arabia’s Public Investment Fund for investment and can be as much as $ 45 billion.

“We believe their new fund and will the speed of the development of technology that can be strategically important to Apple,” company spokesman Josh Rosenstock told Reuters.

Softbank has also said that he planned to do in the future on large scale investments through the technology fund, rather than on its own.

Reuters reported in December, citing sources familiar with the matter, that Apple has held talks with Softbank oor’n investment.

Soft confirmed that Apple investment, says Benjamin Spicehandler, the outside public relations representative for Softbank. He added that Foxconn, Oracle founder Larry Ellison family office and chipmaker Qualcomm has also said that they plan to invest in the fund.

(Reporting by Aishwarya Venugopal in Bengaluru and Stephen Nellis in San Francisco; Editing by Saumyadeb Chakrabarty and Dan Grebler)

China’s Didi Chuxing raises $7 billion in new funding: source

 

China's Didi Chuxing raises  billion in new funding: source

The round values ​​the company more than $ 25000000000, the Wall Street Journal reported earlier on Wednesday, referring to people familiar with the matter. (Http://on.wsj.com/28Ed9Sz)

Furthermore, Didi guarantee a $ 2.5 billion debt package from China Merchants Bank Co., the Journal said.

Didi signed a $ 4500000000 $ 1000000000 fundraising rounds that Apple Inc. and included $ 600 million from China Life Insurance Co Ltd <601628.SS>.

Didi and China Merchants Bank was not immediately available for comment.

(Reporting by Anya George Tharakan Bengaluru and Liana B. Baker in San Francisco, Editing by Shounak Dasgupta)

Salesforce takes aim at e-commerce with $2.8 billion Demandware buy

 

Salesforce takes aim at e-commerce with .8 billion Demandware buy

(Reuters) – Cloud-based software maker Salesforce.com Inc. said yesterday that it will buy Demandware Inc., whose software is used by companies to run e-commerce sites, for about $ 2.8 billion

The transaction will help agents open a new front, as it attempts to take more market share from traditional software vendors like Oracle Corp. and SAP AG, both of which already offers cloud-based e-commerce services.

The e-commerce market is growing at a blistering pace as retailers expand their online presence, promoting the demand for software that helps management functions such as payment processing and inventory management.

Salesforce se cash offer of $ 75.00 per share represents a 56.3 percent premium to Tuesday’s closing Demandware.

The high premium that several bidders were probably on the table for Demandware, Stifel Nicolaus & amp; amp; Co. analyst Thomas Roderick said, Adobe Systems Inc. and Oracle cites other possible contenders.

“We are not winning any transaction, it is only the agreement that we can actually be done,” chief executive officer Marc Benioff told CNBC in an interview.

shares Demandware, which about 21 percent has fallen in recent years, has 55.9 percent to $ 74.81 on Wednesday. Shares of Salesforce, considered a barometer for the cloud computing industry, an edge down 0.3 percent.

Demandware, whose customers include Lands’ End Inc., L’Oreal SA and Marks & amp; amp; Spencer Group Plc, reported sales growth of over 30 percent for the last 10/4

“I think Salesforce CRM effectively won the war -. They need to be in terms of innovation and they should have the broadest, deepest portfolio … it was a blindekol for them, “has Wedbush Securities analyst Steve Koenig.

Global spending on digital marketing platforms is expected to grow annually more than 14 percent to about $ 8.5 billion in 2020, Salesforce said, referring to research firm Gartner.

The transaction is expected to close in the second quarter, Salesforce’s ended July is expected from the company in 2017 to increase sales by about $ 100 million- $ 120 million.

Salesforce fiscal 2017 sales forecast of $ 8.16 billion- $ 8.20 billion in May.

But agent said it now expects an adjusted profit of 93 cents-95 cents per share for the full year, compared with its previous estimate of $ 1 – $ 1.02

BofA Merrill Lynch financial advisor Salesforce is for the transaction, while Goldman Sachs is advising Demandware

(Reporting by Anya George Tharakan and Kshitiz Goliya in Bangalore; Editing by .. Saumyadeb Chakrabarty and Shounak Dasgupta)

Snapchat’s daily video views triple to 6 billion: report

 

Snapchat's daily video views triple to 6 billion: report

The Financial Times said Snap Chat confirms the 6 billion figure, but declined further comment.

Facebook said last week that it doubled the daily view video from 4 billion to 8 billion in April, according to the report, which points out that the social networking groups fighting for eyeballs in the video segment is rapidly growing.

daily video viewing numbers Facebook consist of positions both desktop and mobile while Snap Chat necessarily made entirely of smartphone users, notes the report.

Snap Chat CEO Evan Spiegel said, may be that the company plans an IPO, but did not specify when it would happen. In 2013, Snap Chat rejected offer $ 3 billion from Facebook to acquire the company

(Reporting by Edward Krúdy; Editing by Andrea Ricci).

Exclusive: Verizon eyes roughly $100 billion bid for Verizon Wireless stake

 

Exclusive: Verizon eyes roughly 0 billion bid for Verizon Wireless stake

Verizon Communications Inc. has hired advisers to prepare for a possible total of 100 billion dollars cash and stock to offer complete control over Verizon Wireless joint take venture partner Vodafone Group Plc two people familiar with the situation said on Wednesday .

Verizon, which already owns 55 percent of Verizon Wireless, has a proposal for Vodafone not yet filed, but the two banks and legal advisors hired for a possible bid, the sources said.

Verizon hopes to reach an amicable agreement on talks with Vodafone but is willing to take as the British company is not involved in the negotiations, one of the sources. Public auction

There is no guarantee that Vodafone will be in a contract or offer is realized according to the same sources. Interested

In the last decade, Verizon has little secret of his desire to his British partner of the joint venture, which is made to buy the No. 1 U.S. mobile operator. The sources said that Verizon is ready to aggressively push an agreement.

Verizon, taking advantage of the historically low interest rates and the strong share price, is convinced that the company could raise about $ 50 billion in bank financing, the sources rate. Use He plans to pay for the rest of the contract with its own shares, they added. The sources requested anonymity because the talks are confidential.

is expected to be held before the annual meeting of shareholders, one of the sources. Governance of Verizon

to discuss the details of a possible buyout Verizon Wireless next week at a meeting scheduled

Verizon spokesman Bob Varettoni declined to comment, but the statement said the U.S. telephone earlier this month, which he said it would be a buyer of their company Verizon Wireless Vodafone.

Verizon Wireless and Vodafone were not immediately available for comment Wednesday.

The challenge Verizon Wireless is about two-thirds of the market capitalization of Vodafone in the intended use. The company also offers Vodafone exposure to the U.S. market in full swing. But Vodafone has studied what to do with his involvement as CEO Vittorio Colao streamlines a company built on the foundations of the aggressive expansion.

Analysts said the sale of its stake in Verizon Wireless, Vodafone will be distributed to the shareholders, the purchase of fixed assets in Europe and to make the company an attractive takeover target for other telecom giants like AT & possible money back , T Inc.

For Verizon Communications, which is based on the activities of Verizon Wireless for growth, ownership give him much more flexibility because of the cash generated by the mobile business.

New Street analyst Jonathan Chaplin said he expects to ask Vodafone more but $ 100 billion was a good starting point.

“This is a good time for both parties to seriously consider a transaction. Vodafone is likely to ever get a better multiple than now,” said Chaplin. “Growth (Verizon Wireless) is likely to slow down over time, especially as Sprint and T-Mobile USA and AT & T better. “

Verizon came close to a deal in 2004 when Vodafone tried to buy AT & T Wireless, Cingular but lost sales at auction. This Agreement may Vodafone would bring its brand across the Atlantic and should be 45 percent to sell in Verizon Wireless.

If an agreement were to happen now, it would come at a time where the telecommunications industry has recently experienced a new round of consolidation efforts. MetroPCS Communications Inc. shareholders voted to approve a merger with Wednesday No.4 U.S. wireless provider T-Mobile USA, a subsidiary of Deutsche Telekom AG.

The merger came after 2011 effort Deutsche Telekom to sell to AT & T T-Mobile for $ 39 billion has been blocked by the U.S. antitrust supervisors. Verizon would likely encounter similar obstacles redemption of Verizon Wireless.

Meanwhile, Dish Network Corp., the supplier of the U.S. satellite No.2, last week offered to buy wireless carrier Sprint Nextel Corp. for $ 25 billion in cash and 5 shares, challenge a proposed between Sprint and Japan’s Softbank Corp.

BUILDING TAX transaction

One of the major obstacles to an agreement was up here hoping that Vodafone a tax bill of $ 20 billion to make if its interest, which means that Verizon would have to pay to sell it for the British company to make the effort a high price.

But according to the sources of a transaction is structured to achieve a final tax assessment likely $ 5000000000 or less.

According to the plan, Verizon would the U.S. holding company to acquire Verizon Vodafone importance of the British band wireless and certain other assets in countries like Germany and Spain have the sources said. This structure would order from Verizon enjoying a provision of the tax in the Netherlands called substantial relief for shareholders, they said.

exempted under certain conditions for capital gains realized on the sale of shares in companies in which the seller owns at least 10 percent of the stock and the amount of stock owned for at least a year, according to Robert Willens, an expert from New York accounting and tax and a professor at Columbia Business School.

Verizon Chief Financial Officer Fran Shammo said last week that he was convinced that they could buy without significant tax implications. Vodafone game He did not say how it would work.

“The proposed tax of $ 5000000000 legislation is in line with our estimate of the taxes they have to pay for individual international issues of Vodafone subsidiary which owns Verizon Wireless, “said Chaplin.

DEAL FINANCING

Verizon shares have risen has easily surpassed his young colleagues this year about 20 percent so far its wireless business in terms of profitability and growth of the customer, and the face of rising hope that it will buy the rest. Verizon Wireless

investors say that the conditions for an agreement have improved after the successful acquisitions Verizon’s stock prices and the low interest rates.

Any agreement that such an important part of the stock includes, however, mean dilution for the shareholders of Verizon Communications.

If the contract is for $ 100 billion, Chaplin said it would increase Verizon Communications in 2014 to finance. earnings per share by 25 percent, even after diluting the stock Verizon payments and interest on the part of the agreement by debt

“It would be the largest investment ever to be in debt but we think it could be done, “said Chaplin.

The sources said that Verizon has not launched a formal fundraising effort, but barriers to raise money for a deal.

So far no money this year, Vodafone shares rose about 23 percent after trailing in the last months of 2012. Recent acquisitions have been attributed by analysts to sell hopes participation in Verizon.