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?

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
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
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
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?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.