Friday 20 July 2018
stake buy

Facebook completes WhatsApp buy at $22 billion

Facebook closed its acquisition of mobile messaging service WhatsApp on Monday, with the final price tag rising an additional $3 billion to roughly $22 billion because of the increased value of Facebook's stock in recent months.


Etihad moves closer to Alitalia stake buy

Etihad Airways and Alitalia are in the final phase of a due diligence process that may result in an investment by the Abu Dhabi carrier in the troubled Italian airline, both companies said in a joint statement on Sunday. Alitalia


HCL Infosystems buys stake in Dubai firm

India's HCL Infosystems is set to acquire a 20 per cent stake in Dubai-based Techmart Telecom Distribution, distributors for Nokia smartphones in the Middle East and Africa region, as part of its expansion plans. A premi

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