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Tyro Board Rejects Potentia Capitals Revised $875M Takeover Offer, Westpac Stops Talking

Potentia Capitals revised $875 million buyout bid was rejected by Tyro Payments. The group, which consists of The Construction and Building Unions Sup

Potentia Capitals revised $875 million buyout bid was rejected by Tyro Payments. The group, which consists of The Construction and Building Unions Superannuation Fund, MLC Investment, and HarbourVest Partners, raised its offer to $1.60 per share. Major stakeholder Grok Ventures, the private investment company run by Atlassian cofounder Mike CannonBrookes and his wife Annie, supported an original $660 million plan in September. According to Tyro ASX TYR, shareholders will be given the choice of receiving their compensation in the form of cash or shares. The agreement will remain in effect through 7 March 2023, with a possible extension to 7 June 2023. Read More..

B2B Tech News | 2 years ago          

Microsoft acquires 4% of London Stock Exchange Group as part of a 10year cloud partnership

A 10year, $2.8 billion cloud computing relationship between Microsoft and the London Stock Exchange Group LSEG will see Microsoft purchase a 4% intere

A 10year, $2.8 billion cloud computing relationship between Microsoft and the London Stock Exchange Group LSEG will see Microsoft purchase a 4% interest in the latter. A Blackstone/Thomson Reuters combination sold the LSEG last year for $27 billion. Microsoft will codevelop a new portfolio of products for financial institutions using its strengths in machine learning and data analytics. This might enable them to compete with companies like Bloomberg for finance and investing professionals. Read More..

B2B Tech News | 2 years ago          

Motorcycle sales are growing fastest in 11 years after job cuts due to Covid

According to fresh data from the Kenya National Bureau of Statistics, Kenyans imported 342,197 motorcycles as opposed to 232,937 in 2020. KNBS. The nu

According to fresh data from the Kenya National Bureau of Statistics, Kenyans imported 342,197 motorcycles as opposed to 232,937 in 2020. KNBS. The number of imported motorcycles increased at its fastest rate since 2011. The increase happened a year after over 1.7 million Kenyans lost their jobs as a result of the introduction of containment measures intended to stop the Covid19 outbreak. From 38,870 motorbikes imported into Kenya in 2008 to 198,018 in 2009, there was a 217% increase. The number of new shipments entering the nation increased to 122,160 in 2011, which was a record high since KNBS began tracking these statistics in 2007. The number decreased by just over 50% after the introduction of different levies, such as excise duty and the 16% valueadded tax VAT. Read More..

B2B Tech News | 2 years ago          

Eve and FlyBIS Announce Memorandum of Understanding to Expand eVTOL Operations in Brazil and Latin America

A Letter of Intent LOI was signed by Eve Air Mobility and FlyBIS Aviation Limited to collaborate on the growth of eVTOL operations in Brazil and South

A Letter of Intent LOI was signed by Eve Air Mobility and FlyBIS Aviation Limited to collaborate on the growth of eVTOL operations in Brazil and South America. According to Eve Air Mobility, FlyBIS has emerged as a promising option for air mobility in South Brazil in the near future and is expected to change and improve how future generations will move. After starting in the southern states of Brazil, FlyBIS wants to expand its operations there in order to aid in the development of Eves air mobility ecosystem. Read More..

B2B Tech News | 2 years ago          

Position management software company ROLLER awards early investors following $28 million funding round

ROLLER has completed a $28.2 million fundraising round as it seeks to benefit from the global leisure and entertainment sectors recovery. Early invest

ROLLER has completed a $28.2 million fundraising round as it seeks to benefit from the global leisure and entertainment sectors recovery. Early investors will receive a $18.2 million liquidity payment from the majority of the cash, and the remaining funds will be used to make significant product and personnel investments by the company. The corporation asserts that over the past three years, its revenue has increased at a compound annual growth rate CAGR of 75%. Read More..

B2B Tech News | 2 years ago          

Kenya to pay another 5.4 billion shillings on external debt with strong dollar

In the year ending in June, the shilling fell to Sh117.83 versus the dollar by around 9.25%. Repayments to bilateral and commercial lenders have also

In the year ending in June, the shilling fell to Sh117.83 versus the dollar by around 9.25%. Repayments to bilateral and commercial lenders have also contributed to a decline in Kenyas foreign exchange reserves. Loans used to finance the construction of the standard gauge railway from Mombasa to Nairobi make up a significant portion of the debt that Kenya is currently carrying. Last Friday, the Central Bank of Kenyas stated official shillingtodollar exchange rate was 122.63 units. Kenyas external debt will increase if the shilling continues to fall. For the first time, it is anticipated that Kenyas debt repayments would exceed the cost of maintaining the national government. Read More..

B2B Tech News | 2 years ago          

Dalmia Bharat acquires cement assets from Jaypee Group for Rs 5,666 crore

The flagship company of the Jaypee Group, Jaiprakash Associates Ltd, and its affiliated companies have agreed to sell their cement assets to Dalmia Bh

The flagship company of the Jaypee Group, Jaiprakash Associates Ltd, and its affiliated companies have agreed to sell their cement assets to Dalmia Bharat Ltd for an enterprise value of Rs 5,666 crore. The agreement includes thermal power plants with a combined capacity of 280MW, 6.7 MnT of clinker capacity, and 9.4 MnT of cement capacity annually. The states of Madhya Pradesh, Uttar Pradesh, and Chhattisgarh are where these assets are located. Transaction is subject to due diligence, necessary lender/JV approvals, and regulatory authority approvals. Read More..

B2B Tech News | 2 years ago          

Vietnamese spared by US tech crisis

Because major corporations like Amazon and Meta each made tens of thousands of dollars in contributions, I believe it to be very realistic. Now, small

Because major corporations like Amazon and Meta each made tens of thousands of dollars in contributions, I believe it to be very realistic. Now, smaller businesses can hire those laid off by larger ones. In fact, now is a fantastic time to hire staff for small businesses. Engineers in Vietnam are equivalent to those in other nations. Engineers who are laid off in industries other than technology will have a considerably harder time finding employment. Tech professionals continue to enjoy a significant advantage over those in other professions. I anticipate no problems. Layoffs will occur, but gradually everything will return. Read More..

B2B Tech News | 2 years ago          



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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