Heineken NV launched a S$5.1 billion (US$4.1 billion) counter-bid for Asia Pacific Breweries (APB) on Friday, trumping a surprise offer for the beer maker by a Thai billionaire and his family. Bottles of Tiger and Heineken beers are pictured on the shelf of a grocery store in Singapore July 20, 2012. Heineken NV launched a S$5.1 billion ($4.1 billion) counter-bid for Asia Pacific Breweries (APB), maker of the popular Tiger beer, on Friday, trumping a surprise offer for the beer maker by a Thai billionaire and his family. Photo: Reuters The Dutch brewer sought to acquire Singapore-listed conglomerate Fraser and Neave's direct and indirect stakes in APB, one of the biggest Asia-Pacific breweries, putting a S$50-per-share bid on the table. That tops the S$45-a-share offer proposed by companies linked to tycoon Charoen Sirivadhanabhakdi for part of those holdings. Asia is a key revenue driver for Heineken, having posted an 8.4 increase in first-quarter beer volumes, nearly double the … [Read more...] about Heineken trumps Thai offer in $4.1 billion bid for Singapore’s APB
1 billion how much million
Opera Software would cost Facebook over $1 billion as competition from Google and others could push up the price tag, analysts said on Tuesday, as takeover talk pushed the shares up as much as 26 percent on Tuesday. Oslo-listed Opera, coveted for its advanced mobile phone software technology, would be a perfect fit for Facebook but the firm's business is also vital for some of the industry's biggest players so any bid is likely to attract others to the table. "Opera would be sensible for Facebook on several levels," Arctic Securities said. "It would enhance the now limited mobile experience of Facebook, improve Facebook's mobile monetization problem, help Facebook retain online game developers leaving the social network over the lack of a mobile platform and further improve Facebook's ability to target ads." Opera makes various web browsers that work across an array of platforms including mobile phones, tablets, PCs, and TVs. The software is available on most phones, including … [Read more...] about Opera would cost Facebook over $1 billion: analysts
SHANGHAI/NEW YORK – Chinese Internet entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo Inc for US$7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing. Employees play table tennis inside the headquarters office of Alibaba (China) Technology Co. Ltd on the outskirts of Hangzhou, Zhejiang province in this May 17, 2010 file photograph. Yahoo Inc shares rose as much as 6.7 percent on May 18, 2012 after a report that it was close to selling part of its valuable stake in the Alibaba Group. Yahoo and Alibaba Group, the Chinese Internet group that runs e-commerce site Alibaba.com, are close to an agreement that could happen as soon as Monday, according to a report in All Things D, citing unnamed sources. Photo: Reuters Under the agreement, Yahoo will sell half its stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. The deal, announced in a … [Read more...] about Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion
If it is true that VimpelCom sells its 49 percent stake in Beeline network to the Vietnamese partner Gtel at 45 million dollars, the second biggest mobile network in Russia would incur a heavy loss in the Beeline Vietnam affair. How much loss incurs for VimpelCom? According to Reuteurs, on April 23, VimpelCom announced that it has signed an agreement on selling all the 49 percent of its stakes at Gtel Mobile – the company that provides Beeline mobile network in Vietnam. The provisions of the agreement said that the buyer would pay 45 million dollars for the stakes, in cash. After the deal is wrapped up, VimpelCom would not have any more interests, duties and responsibilities in GTel Mobile. Meanwhile, GTel would have to stop using Beeline brand six months after the day of transfer. Commenting about the affair, a manager of a mobile network in Vietnam said that 45 million dollars is really a good price for the buyer. Just having to spend 1 trillion dong, GTel would have … [Read more...] about How much VimpelCom lost in Beeline project?
Ukraine looks to the world on Tuesday to pledge more funds to help it contain the consequences of history's worst nuclear accident, but donors seem likely to put up less than the 740 million euros (more than $1 billion) it seeks. Leaders from the Group of Eight industrial powers and the European Union are gathering in Kiev for a conference marking 25 years since the Chernobyl disaster, which has been brought into sharper focus by the nuclear crisis at Fukushima in Japan. A European-backed venture foresees construction of a new shell over Chernobyl's No. 4 reactor, which blew up in April 1986, to contain radioactivity leaking through a makeshift shelter from hundreds of tons of radioactive material inside. European Commission President Jose Manuel Barroso said on Monday that the Commission would allocate an extra 110 million euros toward this and allied Chernobyl projects. "We hope our key partners will also step up their contributions in order to complete the works of the shelter … [Read more...] about Under shadow of Japan, $1 billion sought for Chernobyl