Microsoft (NASDAQ:MSFT) will give a sneak peek into Windows 9 at a Sept. 30 event in San Francisco.
People familiar with the company's plans say Microsoft will restore corporate user's confidence in the new version of Windows, after alienating some of the "office-worker" segment with the introduction of Windows 8.
Corporate buyers say the operating system did not integrate well into the typical office setup.
French carrier Orange (NYSE:ORAN) is offering to acquire Spanish broadband provider Jazztel (OTCPK:JAZTF) for ~€3.4B ($4.4B), or €13/share for a premium of 22% over the stock’s close Friday in Madrid.
Buying Jazztel would give Orange ~1.5M broadband subscribers to help bolster offers of combined broadband, TV and wireless packages; Jazztel's revenue has grown in every quarter since 2008, and this year sales may reach €1.2B, quadrupling from 2007.
Chairman Leopoldo Fernandez Pujals is Jazztel’s biggest shareholder with a ~15% stake.
VimpelCom (NASDAQ:VIP) is close to selling its stake in Canadian wireless carrier Wind Mobile Canada to Toronto-based Globalive Wireless Management for ~C$300M ($270M), with an announcement expected as soon as tomorrow, according to various reports.
A deal would cap VIP's struggle to exit the Canadian market following a lengthy regulatory spat over Canada's foreign investment rules.
A sale also would boost the Canadian government’s effort to create a fourth national wireless carrier to help foster competition and reduce mobile phone rates; the three biggest carriers, Rogers Communications (NYSE:RCI), BCE and Telus (NYSE:TU), together control 90% of the market.
Actua (NASDAQ:ACTA) agrees to acquire FolioDynamix, a cloud-based wealth management technology platform, for $199M.
ACTA says FolioDynamix brings a current net revenue run rate of $30M-plus, with positive earnings and cash flow; the company grew by more than 40% in 2013, and ACTA expects the growth rate to continue in 2014.
The notes will be available in a private offering and they mature in 2021. TiVo (NASDAQ:TIVO) intends to use the proceeds for the repurchase of up to 15.47M shares, along with the immediate repurchase of $50M of stock from one of the buyers of the convertible offering.
These repurchases are separate from the company's previously announced $350M buyback program.
America Movil (AMX +2.4%) has contacted potential suitors including AT&T (T +0.6%) and SoftBank (OTCPK:SFTBY, OTCPK:SFTBF), and perhaps BCE’s Bell Canada (BCE -0.1%) and China Mobile (CHL +1%), as it prepares to sell assets along the east coast of Mexico that could fetch as much as $17.5B, Bloomberg reports.
AMX is selling assets in its biggest market to appease antitrust regulators; the Mexico-based carrier, which commands 70% of the local wireless market and 80% of landlines, may get penalties revoked if it cuts market share below 50%.
It was a Chapter 11 filing in New York, according to a Bloomberg headline. The Chapter 11 filing, of course, means a debt restructuring in which the company's creditors would likely become its shareholders.
Bankrate (RATE -17.5%) shares hit 18-month lows after the internet publisher says the SEC has begun an investigation relating to the company's financial reporting during 2012, with the principal focus on Q1 and Q2 of 2012.
RATE also names Steven Barnhart as interim CFO following the resignation of Edward DiMaria.
Microsoft (MSFT -0.2%) has reached an agreement to buy Mojang, and the company’s iconic Minecraft franchise for $2.5B.
The acquisition marks the largest purchase ever for chief executive Satya Nadella, who says the purchase "is more than a great game franchise - it is an open world platform, driven by a vibrant community...with new opportunities for that community and for Microsoft."
Microsoft expects the acquisition to be break-even in FY15 on a GAAP basis. The acquisition is expected to close in late 2014.