Tag Archives: bln

Google Play app store revenue hit $11.2 bln in 2019, lawsuit says

The logo of Google Play is displayed at Tokyo Game Show 2019 in Chiba, east of Tokyo, Japan, September 12, 2019. REUTERS/Issei Kato/File Photo OAKLAND, Calif., Aug 28 (Reuters) – Alphabet Inc’s (GOOGL.O) Google generated $11.2 billion in revenue from its mobile app store in 2019, according to a court filing unsealed on Saturday, offering a clear view into the service’s financial results for the first time. Attorneys general for Utah and 36 other U.S. states or districts suing Google over… Source link

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UPDATE 2-Pfizer to buy cancer drug developer Trillium in $2.3 bln deal

(Adds details on Trillium’s drug candidates, share movement) Aug 23 (Reuters) – Pfizer Inc said on Monday it would buy Canadian drug developer Trillium Therapeutics Inc in a $2.26 billion deal to strengthen its arsenal of blood cancer therapies. Pfizer, which acquired a $25 million stake in Trillium last year, will buy the remaining outstanding shares for $18.50 apiece, representing a 203.8% premium on the stock’s last closing price. Pfizer expects to benefit from Canada-based Trillium’s… Source link

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Google-backed Planet Labs to go public in $2.8 bln SPAC deal

A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo Allegri July 7 (Reuters) – Earth data and analytics company Planet Labs Inc, which is backed by Alphabet Inc’s (GOOGL.O) Google, will go public through a merger with a blank-check company in a deal valued at $2.8 billion, the companies said on Wednesday. Planet Labs will merge with dMY Technology Group Inc IV (DMYQ.N) and list on the New York Stock Exchange. The company, which… Source link

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UPDATE 2-Chobani confidentially files for U.S. IPO, valuation may exceed $10 bln

(Adds valuation, background on company, sector)    July 7 (Reuters) – Greek-yogurt maker Chobani could be valued at more than $10 billion in its initial public offering (IPO), a person familiar with the matter told Reuters on Wednesday, as the company confidentially filed regulatory paperwork for its stock market listing.    The food sector has gained investor attention over the past few years, especially as fast-food chains and upscale restaurants create new menus to attract health- and… Source link

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SoftBank pays $1.6 bln for Yahoo Japan rights

People walk in front of a logo of Softbank Corp at its branch in Tokyo March 2, 2011. Yahoo Inc is in advanced talks to exit its joint venture in Japan with Softbank Corp, a move that could lead it to focus on reaching a decision on its China assets. REUTERS/Toru Hanai TOKYO, July 5 (Reuters) – SoftBank’s internet business Z Holdings Corp (4689.T) said on Monday it has agreed to pay Verizon Communications Inc (VZ.N) 178.5 billion yen ($1.61 billion) to secure the rights to Yahoo branding… Source link

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SoftBank pays $1.6 bln for Yahoo Japan rights

By Sam Nussey TOKYO, July 5 (Reuters) – SoftBank’s internet business Z Holdings Corp said on Monday it has agreed to pay Verizon Communications Inc 178.5 billion yen ($1.61 billion) to secure the rights to Yahoo branding and technology in perpetuity in Japan. In contrast to the retreat of Yahoo in the United States, the brand remains a core part of SoftBank’s domestic internet business where the name adorns a web portal and services like shopping and weather. Verizon is offloading… Source link

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Wells Fargo announces $18 bln buyback plan, doubles dividend – Yahoo Finance

The Telegraph Billionaire behind world’s biggest crypto exchange faces reckoning The first time Changpeng Zhao left China, he was just 12 years old. His father, an academic who had been forced out of university during Mao’s Cultural Revolution, had fled to Canada when Zhao was six, and it took until 1989 for the rest of his family to follow. Almost three decades later, Zhao was forced out a second time. A Beijing crackdown on cryptocurrencies meant his fledgling start-up, Binance, left… Source link

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UPDATE 1-Website creator Wix.com expects $14 bln in revenue in next decade

TipRanks 3 Stocks Trading at Rock-Bottom Prices; Analysts Say ‘Buy’ Investing is all about profits, and part of generating profits is knowing when to start the game. The old adage says to buy low and sell high, and while it’s tempting just to discount cliches like that, they’ve passed into common currency because they embody a fundamental truth. Buying low is always a good start in building a portfolio. The trick, however, is recognizing the right stocks to buy low. Prices fall for a… Source link

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UPDATE 3-Coinbase valued at $100 bln in Nasdaq debut

(Updates shares, adds comments from Coinbase CFO) By Echo Wang April 14 (Reuters) – Cryptocurrency exchange Coinbase Global Inc was valued at almost $100 billion in a Nasdaq debut on Wednesday that marked another milestone in the development of bitcoin and other digital assets. The company’s stock market debut, done through a direct listing where no shares are sold ahead of the opening, comes amid a surge in the value of cryptocurrencies which has lured a clutch of mainstream, top-tier firms… Source link

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