Tag Archives: billion

More Than 1 Billion Smartphones Will Ship With Fingerprint Scanner Next Year: Counterpoint

HIGHLIGHTS Fingerprint sensor is quickly becoming a common feature in smartphones Next year, the vast majority of smartphones are expected to ship with it Chinese phone makers are bringing fingerprint sensors to low-cost phones Fingerprint scanners, a feature that was introduced only four years ago, will be seen in nearly all of the smartphones that will ship next… Read More »

Exclusive: U.S. Cardinal Health puts $1.5 billion China business on block – sources

HONG KONG (Reuters) – U.S. drug distributor Cardinal Health has put its China business up for sale, drawing keen interest from state-backed Chinese pharmaceutical firms in a deal that may be worth up to $1.5 billion, sources familiar with the matter said. Shanghai Pharmaceutical Holding Co Ltd, China Resources Pharmaceutical Group Ltd and Sinopharm Group Co Ltd are… Read More »

Toshiba Suing Western Digital for $1 Billion Over Chip Business Sale Interference

Japan’s Toshiba said on Wednesday it is filing a lawsuit against joint venture partner Western Digital. Toshiba is claiming JPY 120 billion ($1.07 billion) in damages, saying in a statement that Western Digital is interfering with the sale of its memory chip division. Toshiba also said it has decided to shut out Western Digital employees based outside the… Read More »

Facebook hits two billion users

More than a quarter of the world’s population now uses Facebook every month, the social network says. “As of this morning, the Facebook community is now officially two billion people,” founder and chief executive Mark Zuckerberg posted. The milestone comes just 13 years after the network was founded by Mr Zuckerberg when he was at Harvard. He famously… Read More »

Private equity firm CVC Capital raises record $18 billion

CVC Capital Partners CVC.UL has raised 16 billion euros ($17.98 billion) for its latest flagship fund for private equity investments in Europe and North America, it said on Thursday. The seventh fundraising by CVC is the largest by a European private equity firm, surpassing the 11.2 billion euros raised by Apax Partners in 2007 and the 10.5 billion… Read More »

Barclays makes early African exit with $2.8 billion share sale

Barclays (BARC.L) cut its stake in Barclays Africa Group (BGAJ.J) to 15 percent sooner than expected on Thursday, ending more than 90 years as a major presence in the continent. The British bank, which under Chief Executive Jes Staley is firmly focused on Britain and the United States, said it was selling 2.2 billion pounds ($2.83 billion) worth… Read More »

Google I/O 2017: Android Now Runs on 2 Billion Monthly Active Devices

Google’s Android operating system has reached a milestone by powering 2 billion monthly active devices around the world, the company said. Google’s vice president of engineering Dave Burke that Android has “the largest reach of any computing platform of its kind”, Xinhua reported on Thursday. Based on the Linux kernel and designed primarily for touchscreen mobile devices, Android… Read More »

Allergan to buy Zeltiq Aesthetics for about $2.48 billion

Allergan Plc (AGN.N) on Monday said it would buy Zeltiq Aesthetics Inc (ZLTQ.O) for about $2.48 billion (2 billion pounds) to gain access to its flagship body contouring technology. The Botox maker agreed to pay $56.50 per Zeltiq share, or a premium of 14.4 percent to the company’s Friday close. Dublin-based Allergan, led by its acquisitive Chief Executive… Read More »

KKR to buy Hitachi’s power tools unit for $1.3 billion

U.S. private equity firm KKR & Co LP (KKR.N) has agreed to buy Japanese conglomerate Hitachi Ltd’s (6501.T) power tools unit, Hitachi Koki Co Ltd (6581.T), for about $1.3 billion, the companies said on Friday. KKR will launch a tender offer for Hitachi Koki at 870 yen per share, costing it 88.2 billion yen. Including a special dividend… Read More »

Murdoch’s Fox agrees 11.69 billion pounds deal to buy Sky and bolster empire

Rupert Murdoch’s Twenty-First Century Fox has struck a $14.6 billion (11.69 billion pounds) deal to buy European pay-TV firm Sky that consolidates a media empire across two continents and helps it take on rivals like Netflix in the battle for viewers. Fox, which announced a preliminary deal on Friday, said it would pay 10.75 pounds per share –… Read More »