Naspers announced that they are considering the sale of US$1 billion bonds to fund acquisitions Naspers Ltd. announced that they are considering selling as much as US$1 billion in debt to fund acquisitions.
Telecommunications
AT&T to acquire Leap Wireless
AT&T announced that it will acquire Leap Wireless in a deal valued at US$4 billion. AT&T Inc announced that it will acquire prepaid wireless provider Leap Wireless International Inc in a deal valued for about US$4 billion.
Y&R-UP, Shazam teams up to lead the market for mobile activation
Y&R together with UP formed a partnership with Shazam to enhance the mobile activation of advertising.
Bosch and Samsung gains clearance in India
The Indian government started the clearance of tech investments in the country. Internet and technology firms Bosch and Samsung were the first companies to receive clearance for their investments in India.
Telenor appoints Petter Furberg as new CEO
Telenor appointed Petter Furberg as new CEO. Telenor Group named a new Chief Executive Officer for Telenor Myanmar. The company appointed Petter Furberg for the position, effective upon approval from relevant Myanmar authorities.
Latest News
Tivli gets financing from venture capitalists amounting to US $3.6 million. Tivli, which offers on-demand and streaming TV content to college campuses, today said it closed $6.
The technology company gets a US $50 million series C financing that it aims to use for their expansion endeavors.
Due to Carlos Slim's mega investment, analysts believe that app developer Shazam will gain access to millions of Latin American customers.
Warner Brothers' last minute bid for Thomas Tull failed to lure the producer; NBCUniversal succeeded.
AT&T Inc-Chernin Group and DirecTV offered Hulu LLC US$1 billion each. Hulu LLC, an online video service, received US$1 billion worth of offer each from AT&T Inc.
The Indian Telecom Ministry will release guidelines for mergers and acquisitions by the end of the month.
Kymeta, an antenna developer and a spinoff of Intellectual Visions, raises US$50 million. Kymeta, a Redmond-based satellite antenna developer, said it had raised $50 million in capital.
Cukurova Holding AS has won its legal battle against Alfa. Cukurova Holding AS won its legal battle against Russian Alfa Group over Turkcell Iletisim Hizmetleri AS, Turkey's biggest mobile-phone operator.
ZTE announced that they were awarded a contract for 3G wifi router ZTE announced that they were awarded a contract to provide the Middle East's fastest growing telecom service provider du with its 3G Wi-Fi Router called the MF29.
