Company Updates

Forge shares soared with Roy Hill contract

Forge-GroupJust about a month ago shares of Forge Group suffered an unexpected implosion after the engineering group had a near-death experience. This morning its shares jumped nearly 66 per cent in volatile trading on heavy turnover, suggesting either the worst is behind it or there is something more strategic happening.

Seagate Technology to Acquire Xyratex

SeagateOn Monday, Seagate Technology, one among the world's largest storage solutions providers, announced that they have entered into a definitive agreement under which the company acquires Xyratex which is an important data storage technology company that develops test systems for hard disk drives.

Xyratex shares were up 27% at $13.25 per share in morning trading, matching Seagate's offer price.

For diabetes buyout AstraZeneca pays $4.1 billion

AstraZenecaAstraZeneca has agreed to buy the whole of Bristol-Myers Squibb's interests in the companies' diabetes alliance for $4.1bn which includes an initial consideration of $2.7bn on completion and up to $1.4bn in regulatory, launch and sales-related payments.

The company has agreed to pay a number of sales-related royalty payments up until 2025, additional to making payments of about $225m when certain assets are subsequently transferred.

Box Plans IPO Filing Next Year Raises $100M Round At $2B Valuation

BoxBox, the business collaboration software firm has closed a new Series E funding round for up to $112 million on a $1.95 billion post-money valuation.

The late-stage lift, first rumoured last month after a report by VC Experts, is led by a group of strategic Japanese investors who will help the company expand its customer base in Asia ahead of Box filing for an early 2014 IPO.

Microsoft launches site to allow Xbox Live users to watch videos on computer

Microsoft launches site to allow Xbox Live users to watch videos on computerA new website - XboxVideo. com - has recently been launched by Microsoft to enable the users of its Xbox Live service to watch videos on their computers; not just on the Xbox 360 or the newly-released Xbox One gaming consoles.

Steve Wiener to leave Cineworld after 18 years

Steve Wiener to leave Cineworld after 18 yearsCineworld Group the British cinema operator announced that Steve Wiener its founder and chief executive will be leaving in March after 18 years with the business to "enjoy the fruits of his success". The founder of Cineworld today lowered the curtain to his  long-lasting relationship with the cinema industry.


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