A couple of high-profile takeovers of videogame companies has stirred optimism that acquisitions will help technology stocks recover. That sentiment may be premature.
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Consumer inflation quickened faster than expected in December to 5.9% year on year, from 5.5% in November, setting the stage for another rate hike.
Microsoft said on Tuesday it would buy videogame publisher Activision Blizzard in an all-cash transaction valued at $68.7-billion. It’s the biggest-ever acquisition in the IT industry.
JSE-listed electronics group Jasco has announced it is moving ahead with a rights offer as it seeks to raise capital to “stabilise” its balance sheet.
The extent of the Chinese tech stocks’ underperformance when compared to the US is astounding. By Anchor Capital’s Seleho Tsatsi.
Mimecast, the e-mail security provider with its roots in South Africa, has rejected a buyout offer from Thoma Bravo-backed Proofpoint.
Austria-based education technology start-up GoStudent has raised €300-million in a new round of funding led by Prosus.
Take-Two Interactive will acquire mobile game maker Zynga in a cash-and-stock deal at an enterprise value of nearly $12.7-billion.
Prosus CEO Bob van Dijk has purchased about $10-million of the company’s shares on the open market.
Investors have enjoyed world-beating returns for years by owning shares of trillion-dollar technology companies.