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Chinese Company Buys 100% Of Grindr | NewNowNext
2017-05 "A Chinese tech company has completed its purchase of Grindr. In January 2016 Beijing Kunlun Tech acquired 61.5% of the gay social-network app for $93 million. It’s now announced plans to purchase the remaining 38.5% stake in Grindr LLC for $152 million, according to Reuters."
acquisitions  chinese_companies  dating_apps  investments  news  startups  tech_companies 
5 weeks ago by skinnymuch
SoftBank Takes $4 Billion Stake in U.S. Chipmaker Nvidia, Sources Say - Bloomberg
That $4. 5% of company stake is now worth $7.5B. Another win. 2017-03. Nvidia was worth $80B at the time. Beast!
nvidia  year:2017  boss  investments  tech_companies  softbank  billion_dollar_deals  vision_fund 
may 2018 by skinnymuch
Tencent’s 60,000% Runup Leads to One of the Biggest VC Payoffs Ever - Bloomberg
“The Cape Town-based company is selling $10.6 billion of shares in Tencent Holdings Ltd., equal to 2 percent of the stock in the Chinese operator of the WeChat messaging service, it said in a statement Thursday. The stake Naspers bought for just $32 million in 2001 -- when Tencent was an obscure Web firm in a nation where few people used the Internet -- is now worth $175 billion.” —- “The sale of 190 million shares, worth $10.6 billion based on Tencent’s closing price in Hong Kong on Thursday, will cut the stake held by Naspers to 31.2 percent from 33.2 percent. It’s the first time Naspers has reduced its holdings in Tencent since investing in the company. Naspers won’t sell more shares in the company for at least three years, it said.”
investments  naspers  tech_companies  billion_dollar_deals  stocks  historical  tencent  best_ever  favs 
may 2018 by skinnymuch
https://news.ycombinator.com/item?id=17017586
Amazon has $31B cash. Walmart has $7B cash. Walmart did sell a big thing for cash recently but I think Flipkart is cash so that evens out.
amazon  big_business  tech_companies  ecommerce  walmart  cash_piles 
may 2018 by skinnymuch
Spring and T-Mobile Agree to Merge, in Bid to Remake Wireless Market - NYTimes
"The parent companies of each carrier — SoftBank of Japan, which controls Sprint, and Deutsche Telekom of Germany, which owns a majority of T-Mobile — managed to solve the longstanding issue of control in recent weeks." --- .... --- "Under the terms of the all-stock deal announced on Sunday, Deutsche Telekom will own roughly 42 percent of the combined business and have nine of 14 seats on the new T-Mobile’s board. SoftBank will own 27 percent and have four seats, one of which would be held by its founder, Masayoshi Son. Public shareholders would own the remainder." --- .... --- "Sprint and T-Mobile argue that combining will help them afford the billions needed to expand their so-called 5G network, a fifth-generation wireless technology that promises to bring ultrafast broadband speeds to mobile service. It is the standard that will be used to connect home appliances, cars and smartphones online via fiber optic lines to the home." --- .... --- "Sprint and T-Mobile are harder pressed than the competition to build the network. Sprint has about $32 billion in debt on its books, while T-Mobile generates a fraction of the cash that Verizon and AT&T do." --- .... --- "The announcement on Sunday takes a step toward fulfilling a long-frustrated dream of Mr. Son of SoftBank. When his company took control of Sprint in 2013, he boasted of defeating Verizon and AT&T in their own backyard. But to do so, he needed a bigger platform than Sprint alone, and he quickly began talks to buy T-Mobile, which, at $55 billion, has more than twice the market value as Sprint." --- .... --- "The stakes are big for both sides, but especially for Mr. Son. Sprint has lost billions of dollars and millions of subscribers, while taking on debt, since SoftBank took it over. By contrast, T-Mobile, buoyed by a hugely popular unlimited data plan and an aggressive marketing campaign, leapt over its beleaguered rival to take third place in the American wireless rankings."
T-mobile  telecoms  mergers  news  tech_companies  softbank  Masayoshi_Son 
april 2018 by skinnymuch

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