Markets - CybAI news

09 Aug

Cellnex Sells Unit For €803 Million, Signals Share Buyback

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Cellnex Telecom SA has agreed to sell its Austrian business to an investor consortium comprised of Vauban Infrastructure Partners, EDF Invest and MEAG for an enterprise value of €803 million ($877 million), as the Spanish tower operator works to cut debt and exit smaller markets.The deal includes an unconditional deferred payment of €272 million in December 2028 and is subject to customary regulatory approvals, Cellnex said in a statementBloomberg Terminal on Friday. Once the transaction closes, the company “will reassess its capital allocation priorities,” it said, in reference to a possible share buyback. Source link lol

09 Aug

WeRide Is Said to Seek Up to $400 Million in US IPO, Placement

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China’s WeRide Inc. is seeking as much as $400 million in a US initial public offering and concurrent private placement, people familiar with the matter said. The Guangzhou-based autonomous vehicle company, which was granted approval last year by the Chinese securities regulator for a US listing, is seeking about $100 million in the IPO and around $200 million to $300 million in the placement, the people said. Source link lol

09 Aug

How a Traditional Toymaker Is Going Big on Digital Games

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Listen to Odd Lots on Apple PodcastsListen to Odd Lots on SpotifySubscribe to the newsletterHasbro has been making toys for decades, including many classic favorites like G.I. Joe and My Little Pony. But in recent years, it's also been going big on digital games. An app version of the classic board game Monopoly — called Monopoly GO! — has become one of the top mobile games of all time and grossed billions in revenue since it launched last year. Hasbro also owns Wizards of the Coast, the publisher of Magic: The Gathering, Dungeons & Dragons, and the best-selling video game…

09 Aug

ClearBank Wins License Allowing Fintech to Expand Across Europe

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ClearBank Ltd. said it received a banking license allowing the fintech to offer real-time clearing and settlement services to clients across Europe, marking the UK company’s first step toward global expansion. The European Central Bank authorized the permit, under the supervision of De Nederlandsche Bank, ClearBank said in a statement Friday. The license allows the financial-technology firm to offer European clients with euro accounts, foreign-exchange services, embedded banking and access to major European payment rails, and funds will be protected by the central bank’s deposit-guarantee rules. Source link lol

09 Aug

Ola Electric Jumps 11% After India’s Biggest IPO in Two Years

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Ola Electric Mobility Ltd.’s shares surged in their Mumbai debut on Friday, backed by strong investor demand amid growing adoption for electric vehicles in the country. Source link lol

09 Aug

Alibaba, Tencent to Provide Snapshot of China’s Economic Landscape

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Alibaba Group Holding Ltd., Tencent Holdings Ltd. and JD.com Inc. will provide a snapshot of China’s economy and consumer sentiment, as another somber earnings season is expected in the region.The tech giants remain focused on boosting shareholder returns, so more buybacks might be in store when they report, accordingBloomberg Terminal to Bloomberg Intelligence analysts Robert Lea and Jasmine Lyu. Source link lol

09 Aug

AI Stock Rout Has Investors in Asia Mapping Out Next Catalyst

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Debate is raging on whether the AI rally has run its course but for some investors, another drawdown may be a chance to buy.Money managers in Asia are on the hunt for their next purchase even after the region’s tech stocks recorded their steepest ever two-day drop this week, reflecting an unwavering confidence in a trade that has underpinned the upturn in global equities. Taiwan Semiconductor Manufacturing Co., Samsung Electronics Co. and SK Hynix Inc. are still attractive bets given the long-term prospects for AI remain undimmed, they say. Source link lol

08 Aug

Pitney Bowes to Liquidate Ecommerce Unit in Bankruptcy

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Shipping firm Pitney Bowes Inc. agreed to liquidate much of its ecommerce business in bankruptcy as part of a deal with Hilco Global.Under the agreement, affiliates of Hilco agreed to buy a controlling stake in the ecommerce business and then sell it off piecemeal, according to a statementBloomberg Terminal from Pitney Bowes. The ecommerce entities filed for Chapter 11 bankruptcy Thursday, listing debts and assets of as much as $500 million each. Source link lol

08 Aug

Coinbase Shares Gain After Court Limits SEC Award in Ripple Case

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Coinbase Inc. shares rose after a federal court ruled that Ripple Labs Inc. pay a fraction of what the US Securities and Exchange Commission sought in a civil suit, a decision that bodes well for the biggest US crypto exchange’s case with the agency.Coinbase’s shares are up about 7% to around $191 on Thursday, a day after the court said that Ripple had to pay a penalty of $125 million. The SEC sued for almost $2 billion to punish Ripple for raising money without registering its token as a security in 2020. Source link lol

08 Aug

Oracle, Google Veterans Join Nvidia-Backed CoreWeave to Lead AI

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CoreWeave Inc. hired two senior executives from Google and Oracle Corp. to build out its artificial intelligence infrastructure after the Nvidia Corp.-backed cloud computing company raised billions of dollars from investors.Chen Goldberg, who most recently served as general manager and vice president of engineering at Alphabet Inc.’s Google unit, will be the senior vice president of engineering, according to Brannin McBee, co-founder and chief development officer at CoreWeave. Sachin Jain, who was Oracle’s senior vice president of AI infrastructure and product management, will serve as chief operator officer, McBee said. They start next week. Source link lol