Tag Archives: Billion

China’s Tencent Music Headed For IPO & Valuation Could Exceed $25 Billion USD

It looks like Tencent Music, the music distribution department of China’s international media giant Tencent, is is headed for an initial public offering (IPO) later this year. The Wall Street Journal reports that Tencent expects to audition investment banking advisors before the end of May and the music division is expe…

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Uber Inks a $1 Billion USD Deal With Volvo for 24,000 Autonomous Vehicles

Uber has signed a deal with Sweden’s Volvo for 24,000 XC90 sport-utility vehicles to form a fleet of driverless automobiles. Priced at $ 46,900 USD each, the first shipment of XC90’s will arrive between 2019-2021 (a $ 1 billion USD deal), making Uber Technologies the first commercial purchase by a ride-handling provider, according to Volvo.



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Tesla Is Officially the Second Most Valuable US Car Company at $49.3 Billion USD

Tesla, the 14-year-old electronic automotive brainchild of co-founder Elon Musk, is reported with a market capitalization of $ 49.3 billion USD, beating out Ford at $ 44.3 billion USD and closing in on General Motors at $ 51.3 billion USD. The Palo Alto-based company focuses on sustainable transport and was founded in 2003, making Tesla roughly one-tenth of its competitors…

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Cristiano Ronaldo Just Signed a Lifetime Deal With Nike That May Be Worth Over $1 Billion USD

Just one day after inking an extension with Real Madrid through 2021, footballing star Cristiano Ronaldo has re-upped with Nike — forever. According to CR7 himself, the 31-year-old’s deal with the Swoosh is “for life” while the announcement comes hot on the heels of the unveiling of his lates…

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AT&T Is Buying Time Warner for More Than $80 Billion USD

Telecommunications giant AT&T has reached a deal to buy Time Warner for more than $ 80 billion USD, according to The Wall Street Journal. The reported transaction could be announced as soon as Saturday evening, with shares of Time Warner being purchased between $ 100 and $ 105 USD. AT&T currently has millions of wireless and paid television subscribers, which gives it natural s…

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