Feeds

Vodafone and Verizon ditch IPO plans

And more dotcom tittle tattle

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Vodafone and Verizon have pulled the $80 billion float of joint venture Verizon Wireless for the old "market volatility" reason. The money was needed to capture one of the American mobile telephone licences, up for grabs soon. A postponement of the float until next year means the two0 companies will have to borrow the $5 billion they expected to raise.



Reuters is planning to float its electronic dealing platform Instinet in the first half on next year. The float would be worth around £3 billion and would see Reuters retain the majority share. The money would go into further expansion. Instinet offers banks and investors equity trading. Its sales leapt by half in the first six months of this year while operating profit went up 5 per cent to £84 million.




Vivendi's 22.7 per cent stake in BSkyB - which has to be sold within two years for it to acquire Seagram - may be sold to Sky Global Networks, part of The News Corporation, which already owns 37.5 per cent of BSkyB. BSkyB may then be pulled into Sky Global Networks with other satellite interests to make a floatable company.




nCipher plc - which develops Internet security products for e-commerce and Public Key Infrastructure (PKI) applications - has announced pricing details of its offer of ordinary shares to institutions and employees. The share price has been set at 275p, giving the company a market cap of some £333 million. If all goes to plan nCipher plans to raise £85.4 million.




SurfControl plc - which provides net filtering software - reported a $3.1m loss for Q1 ended 31 August against revenues of $6.7 million. ®



Want more? Go here Just keep it under your hat, OK?

Providing a secure and efficient Helpdesk

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.