Big Tech

Alibaba increases IPO price range

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Alibaba Group has raised the price range on its IPO to $66-$68. The price increase indicates strong demand from investors. Alibaba handles more transactions than Amazon.com and eBay combined. Alibaba will now raise around $22 billion at the top of the new IPO range.

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Microsoft Corporation to announce new version of Windows on September 30th

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Microsoft Corporation (NASDAQ:MSFT) is expected to announce the new version of Windows on September 30th. It is rumored to have the name Windows 9. Microsoft is hosting an event about Windows in San Francisco on September 30th.

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Microsoft Corporation: two board members depart, dividend boosted

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Microsoft Corporation (NASDAQ:MSFT) announced that two board members have departed and two have been added. Microsoft also announced that its dividend has been boosted. The board members that are leaving are Dave Marquardt and Dina Dublon. Teri List-Stoll from Kraft and Charles Scharf of Visa will replace them. Microsoft also said that its dividend will be increased 11% (up $0.03 to a total of $0.31 per share) per quarter. Prior to the increase, Microsoft stock had an annual yield of 2.4%.

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Apple Inc. reportedly receives 15 cents per $100 through Apple Pay

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Apple Inc. (NASDAQ:AAPL) is reportedly receiving 15 cents on every $100 that is spent through Apple Pay, according to sources with The Financial Times. The Financial Times said that this arrangement is “unprecedented.” Even Google does not have an arrangement that is as beneficial despite the marketshare that Android has.

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Confirmed: Microsoft Corporation acquires Mojang for $2.5 billion

Minecraft
Microsoft Corporation (NASDAQ:MSFT) announced that it will be acquiring Mojang AB, the company behind Minecraft. The deal is worth $2.5 billion. The deal will be closed by the end of the year.

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Apple Inc. records four million first day pre-orders of iPhone 6 and iPhone 6 Plus

iphone 6

Apple Inc. (NASDAQ:AAPL) has announced that it processed over four million iPhone 6 and iPhone 6 Plus pre-orders in the first day of pre-launch sales in certain countries. Apple started to accept orders on September 12th. This is double Apple’s previous record of 2 million pre-order sales for the iPhone 5 in 2012.

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Oracle Corporation acquires Front Porch Digital

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Oracle Corporation (NYSE:ORCL) has announced that it acquired Front Porch Digital. Front Porch Digital is a digital asset management solutions company for TV and large-scale media companies. There are hundreds of media businesses that use Front Porch Digital, including A&E, BBC, Discovery Communications, and NASCAR. Government agencies like The Library of Congress and Voice of America also work with Front Porch Digital. Front Porch Digital is also used for medical imaging and real-time video security monitoring. The terms of the deal were undisclosed.

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Twitter Inc has raised $1.8 billion in convertible note offering

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Twitter Inc (NYSE:TWTR) CEO Dick Costolo raised $1.8 billion in a convertible bond offering earlier this week. This is up from the $1.3 billion amount that it planned on raising. The bond offering is based on five years with the notes due in 2019 and a 0.25% interest rate. The seven-year 2021 notes have a 1% interest, which are payable semi-annually in March and September. The conversation rate is around 12.8793 shares per $1,000 in principal. This amount is equal to around $77.64 per share. Twitter will be using $112.3 million to pay the cost of hedges intended to offset any dilution eventual conversion of the notes, according to Forbes.