Tag Archives: billion

China’s Tencent Music raises nearly $1.1 billion in U.S. IPO

NEW YORK/HONG KONG (Reuters) – China-based music streaming company Tencent Music Entertainment Group TME.N said it raised close to $1.1 billion in its U.S. initial public offering (IPO) after pricing its shares at the bottom of its targeted range. The music arm of gaming and social network giant Tencent Holdings Ltd (0700.HK) priced its American Depositary Receipts (ADRs) at $13 ...

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SoftBank plans Nvidia stake sale soon, could make about $3 billion: Bloomberg

FILE PHOTO: The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. REUTERS/Tyrone Siu/File Photo TOKYO (Reuters) – SoftBank Group Corp (9984.T) is planning to sell its stake in Nvidia Corp (NVDA.O) early next year as the U.S. chipmaker’s shares slide, Bloomberg reported, citing people familiar with the matter. The Japanese ...

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Verizon to take about $2 billion in charges for planned layoffs

The Verizon logo is seen on the side of a truck in New York City, U.S., October 13, 2016. REUTERS/Brendan McDermid (Reuters) – Verizon Communications Inc (VZ.N) will take a charge of $1.8 billion to $2.1 billion in the current quarter as nearly half of the layoffs announced on Monday will come into effect in December, the U.S. wireless carried ...

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Daimler to buy $23 billion of battery cells for electric car drive

FRANKFURT (Reuters) – Daimler (DAIGn.DE) will buy battery cells worth more than 20 billion euros ($23 billion) by 2030 as it readies mass production of hybrid and electric vehicles, the maker of Mercedes-Benz cars said on Tuesday. FILE PHOTO: The first fully electric Mercedes car EQC is seen at a presentation in Stockholm, Sweden September 4, 2018. REUTERS/Esha Vaish/File Photo ...

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Macron concessions to cost between 8-10 billion euros – minister

French President Emmanuel Macron is seen on a TV screen as he addresses the nation about the “yellow vests” crisis, at a cafe in Paris, France, December 10, 2018. REUTERS/Charles Platiau PARIS (Reuters) – Measures announced by President Emmanuel Macron to appease a wave of protests across France will cost between 8-10 billion euros ($9.1-$11.4 billion), a junior minister said ...

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Facebook to buy back additional $9 billion of shares

A picture illustration shows a Facebook logo reflected in a person’s eye, in Zenica, March 13, 2015. REUTERS/Dado Ruvic (Reuters) – Facebook Inc (FB.O) will buy back an additional $9 billion of its shares, as it looks to pacify investors following a slump in its stock. The social media giant’s shares, which have tumbled more than 22 percent this year, ...

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Consortium led by Anta Sports to acquire Finland’s Amer Sports for $5.2 billion

FILE PHOTO – The logo of Anta Sports is seen on its product during a news conference announcing the company’s annual results in Hong Kong, China February 27, 2018. REUTERS/Bobby Yip (Reuters) – A consortium led by China’s Anta Sports (2020.HK) made an offer to acquire Finland’s Amer Sports (AMEAS.HE) in a deal that values the company at 4.6 billion ...

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Noble Group’s $3.5 billion restructuring at risk as authorities block new listing

SINGAPORE (Reuters) – Noble Group’s (NOBG.SI) $3.5 billion debt rescue plan was thrown into doubt on Thursday when Singapore authorities said they would block the re-listing of shares in what was once Asia’s top commodity trader. FILE PHOTO: FILE PHOTO: Photo of Noble Group logo at investor event from August 2015/File Photo/File Photo Singapore regulators took the decision after reviewing ...

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