DTB Kenya to acquire Habib Bank in Sh1.8 billion Deal

DTB Kenya to acquire Habib Bank in Sh1.8 billion Deal

It is the season of acquisitions once again, as Diamond Trust Bank (DTB) Kenya is set to acquire Habib Bank Ltd for Sh1.8 billion. Habib investors, who own 11.97 per cent of DTB, have been offered a 4.75 per cent interest in the Nairobi Securities Exchange-listed firm as consideration for the buyout and will get  an allottment of 13.2 million shares in DTB at a price of Sh137.39 per share, this represents a 33.3 per…

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Donald Trump owns over 3000 websites

Donald Trump owns over 3000 websites

The new US President Donald Trump claims ownership of at least 3,643 domain names according to internet records gathered by CNNMoney.  This was all before he reached the White House. Quick Read: Ivanka Trump fashion shoes line may soon be made in Ethiopia Trump also bought 93 of them after he launched his presidential campaign. Accordingly, Trump has a history of grabbing site names before he actually has need for them. For example, he bought…

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Liquid Telecom expands footprint in Tanzania, acquires major stake in Raha ISP

Liquid Telecom expands footprint in Tanzania, acquires major stake in Raha ISP

Africa’s leading telco, Liquid Telecom Group has entered Tanzania through an undisclosed acquisition of a majority stake in the Tanzania top Internet Service Provider Raha. Extra Read: Able Wireless Kenyan Startup ISP ups Home TV/Internet competition with Ksh. 500 BlackBox The acquisition therefore expands Liquid Telecoms foot print which already spans across 12 countries Africa, Raha has within its network approximately 1500 clients which include businesses subscribed to satellite, fibre optic, WiMAX and Wi-Fi services….

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SportPesa Is Now Southampton Football Club Official Betting Partner

SportPesa Is Now Southampton Football Club Official Betting Partner

Another First: It is official that SportPesa is winning in its latest strategy abroad especially in the UK where there have been atleast two successive deals. Southampton is the team that Kenya’s Victor Mugubi Wanyama was playing for before moving to Tottenham Hotspur after the completion of a signing of  around £11m. On Monday, In new historic deal dubbed “most lucrative” that would see an African company sponsor a European Sports team Hull City Tigers…

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Internet Giant Verizon Acquires Yahoo for $4.83 billion

Internet Giant Verizon Acquires Yahoo for $4.83 billion

Yahoo is ending its 21-year history as an independent company, this is after Verizon Communications Inc (VZ.N)  acquired core internet properties for $4.83 billion in cash. The deal will  expand Verizon’s digital advertising and media business. Many parties in the past including Warren Buffett and The Daily Mail expressed their  interest in buying Yahoo. Yahoo will now be integrated with Verizon-owned AOL under Marni Walden, an executive vice president at the telecom company This follows…

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Microsoft Acquires LinkedIn for $26.2B, Shares Surge

Microsoft Acquires LinkedIn for $26.2B, Shares Surge

In one of the biggest Mergers and acquisitions (M&A) of 2016, Microsoft is set to acquire LinkedIn for a disclosed amount of $26.2 Billion inclusive of LinkedIn’s net cash. The deal will stake at for each $196 per LinkedIn share.. Following the acquisition, Jeff Weiner remains incharge as CEO of LinkedIn and will be reporting to Satya Nadella, CEO of Microsoft. Reid Hoffman, chairman of the board, co-founder and controlling shareholder of LinkedIn, and Weiner…

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Nokia is back, Stronger and Better, Smartphones, Tablets to run on Android

Nokia is back, Stronger and Better, Smartphones, Tablets to run on Android

You may not be too old to recognize the famous robust Nokia 3310, the phone that made Nokia a household name for “dumbphones” (opposite of smartphones). Well Nokia is back stronger and better after being acquired by HMD a Finnish company and Foxconn  an iPhone manufacturer. Whether or not it will win back the nostalgic trust and magic of the old 3310 is a case for another day. The surprise announcement came yesterday 18th Feb…

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Chase Bank Kenya to Reopen Under Receivership by KCB

Chase Bank Kenya to Reopen Under Receivership by KCB

The troubled local lender Chase Bank Kenya will be reopened Wednesday April 27 2016, this will avail online and mobile-banking services to its customers, the Central Bank of Kenya said It is expected that KCB’s premier role in the reopening of the privately owned mid-sized lender Chase Bank Kenya is a precursor to a takeover. Chase Bank Ltd. experienced liquidity difficulties following “inaccurate social media reports” and the departure of two directors and was not…

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Ebay Enterprise is now Radial after merger with Innotrac

Ebay Enterprise is now Radial after merger with Innotrac

Several online reports list that Ebay which in 2015 sold off its enterprise unit to a consortium of companies led by private an equity firm Permira, Sterling Partners, Longview Asset Management and Innotrac has merged to become Radial. This is a culmination of eBay Enterprise and Innotrac, a global e-commerce fulfillment firmwhich calls itself “the largest omnichannel commerce technology and operations provider.” Quick Read: Was Microsoft’s Nokia Acquisition A Non Starter? Speaking of the merger,…

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Econet’s Kwesé Sports acquires Premier League free-to-air broadcast rights in Africa

Econet’s Kwesé Sports acquires Premier League free-to-air broadcast rights in Africa

South Africa’s Multi-choice Product, DSTV that broadcasts Supersport is set for competition after the Premier League signed an agreement with Econet Media’s Kwesé Sports to acquired the package of free-to-air broadcasting rights that it makes available in sub-Saharan Africa. In a press statement, the agreement is for the three seasons 2016/17–2018/19 and Econet Kwese Sports platform, will make available one Saturday afternoon Premier League match live on a free-to-air basis each weekend of the season….

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