Musk: Confusion over IPO for Starlink
Elon Musk, speaking at the Satellite 2020 conference in Washington DC, said plainly that he was thinking “zero” about an IPO for his 12,000 mega-satellite Starlink satellite project, and that…
SpaceX to mount IPO for Starlink
Elon Musk’s SpaceX will reportedly spin-off its Starlink broadband-by-satellite system with an Initial Public Offering (IPO). SpaceX is currently financing the development and launch of the Starlink system and has…
Orange to IPO its MENA business
French telco giant Orange is to float its extensive cellular interests in the Middle East and North Africa regions, and mount an IPO. A Bloomberg report says investment banks BNP…
MTG lifted by eSports, sells Zoomin
Modern Times Group (MTG) has published its Q3 2019 financial results. The company said it “continues to deliver on its strategic direction, reporting seasonally robust operational development for the quarter”.…
SoftBank, SoftTouch?
So, SoftBank has ‘rescued’ WeWork in a deal that will cost it at least $10 billion and pretty much guarantee WeWork’s departed Svengali founder $1.7 billion. The rescue was from…
DNEG/Prime Focus to IPO
Double Negative (DNEG), the London-based visual film and TV special effects business which includes Prime Focus, is to mount an IPO which will end up with a listing on the…
Deezer to mount IPO?
Streaming music service deezer is reported to be considering mounting an IPO in about 18 months’ time. The France-based service is run by Hans-Holger Albrecht and backed financially by Saudi…
Arqiva to be broken up?
Two years ago, UK-based transmission specialist Arqiva was contemplating a £6 billion (€6.5bn) IPO, but now reports are circulating that its owners are contemplating breaking the company up into its…
iflix secures new round of funding
iflix, the Southeast Asian largest digital entertainment service, has announced the finalisation of a new round of investment to drive growth ahead of a prospective IPO. This latest round was…
Naspers facing major shareholder exit
South Africa’s Government Employees Pension Fund (GEPF) is being advised to cut dramatically its shareholding in the nation’s biggest company, Naspers. Naspers has done well for the GEPF, but the…
Vivendi on/off over Indonesian pay-TV
Indonesia pay-TV operator PT Media Nusantara Citra, which owns MNC Vision Networks – a pay-TV platform which Vivendi was reported to be looking to acquire – suffered a stock sell-off…
SoftBank to IPO ‘VisionFund’
Japan’s giant SoftBank conglomerate is contemplating an IPO for a portion of its $100 billion Vision Fund according to Reuters. The fund was launched in 2017 by Masayoshi Son with…
Report: $5.7bn gaming investments in 2018
Digi-Capital’s Games Report Q1 2019 tracked games companies raising $5.7 billion (€4.9bn) in 2018, which was over twice the previous record investment from 2017. Tim Sweeney’s Epic Games’ $1.25 billion…
SS/L wins Geo-satellite order from Sweden
A Swedish company, Ovzon, which in October booked a satellite launch contract from SpaceX, has now confirmed it has ordered a geostationary satellite from Space Systems/Loral. But there are conditions.…
KIPCO bailing out on OSN
One of Kuwait’s sovereign wealth funds, KIPCO is looking to sell its stake in Dubai-based pay-TV operator OSN (the former Orbit-Showtime Network). Goldman Sachs has reportedly been hired to find…