Tag: Investor

12
Oct
2020
Posted in computer

Sterling Group acquires Dubai’s computer brand iLife as pandemic makes tech an investor favourite

Tech
Remote work and schooling is making tech and tech brands popular with investors. The Sterling deal will speed up iLife’s moves into new categories.
Image Credit: Pexels

Dubai: The Sterling Group, the private equity firm, has acquired Dubai-based iLife Digital Technology, a PC brand, for an undisclosed amount. The investment will be used to speed up iLife Digital’s growth plans as well as increase its market share. Other geographies too might be added.

“Coronavirus has created PC sales spike – globally,” said Anees Mian, co-founder of iLife Digital Technology. “With accelerated spread of Covid-19 there has been a surge in consumers buying devices in order to work-from-home – partnering with Sterling Group was a strategic move.” 

Pick up COVID-19 generated growth

For Sterling, it meant an exposure in a “lucrative sector buoyed by positive developments”. Headquartered in Dubai, iLife has had a pan-India presence for around three years. It plans to enter new channels such as large format retailers and with dealers, with prime focus on the rapidly growing education market. (Again, a category that has seen growth catapult in COVID-19 times.)

iLife also plans to introduce hardware targeting the enterprise category such as chrome books, commercial desktops, monitors, notebooks and servers. In the next three years, the company projects an overseas expansion.

Syed Faizan, Managing Partner of Sterling Group, said: “We have followed the impressive iLife Digital journey for many years. We are proud to acquire such an innovative company with a strong record of growth and success in consumer tech.”

iLife Digital will continue to operate as a privately held company. Sterling Group’s Louis Dsouza will join iLife Digital as President and Group Chief Financial Officer along with two executives by November.

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07
Oct
2020
Posted in technology

Investor Urges Disney To Spend On Streaming, Not Dividends

Activist investor Daniel Loeb on Wednesday urged Walt Disney Co. to skip paying an annual dividend and instead pour the $3 billion into hits for its streaming television service.

Loeb, founder of Third Point hedge fund, made his pitch in a letter to Disney chief executive Bob Chapek and the board of directors.

Loeb reasoned that skipping a few dollars per share in dividends, the entertainment giant could use the money to more than double its budget for content at Disney+ streaming service.

“Disney has built one of the largest streaming platforms in the world, already within the original 5-year Disney+ subscriber target range of 60-90 million,” Loeb said in the letter, a copy of which was obtained by AFP.

“To further capitalize on this transformational opportunity, we believe the company should permanently suspend its $3 billion annual dividend and redirect this capital entirely into content production and acquisition for Disney’s direct-to-consumer businesses, centered around Disney+.”

Investing in streaming content instead of paying dividends promises to attract and keep more subscribers; boost time spent watching, and help the company keep pricing competitive, according to Loeb.

Third Point reportedly owned about 5.5 million shares valued at more than $600 million at the end of June.

Disney should be pumping more into its streaming service Disney+ to better compete with Netflix and other rivals, according to an activist investor Disney should be pumping more into its streaming service Disney+ to better compete with Netflix and other rivals, according to an activist investor Photo: AFP / Nick Agro

Disney flung open its vast archive with the arrival of its television streaming service in November.

It competes with Netflix, Apple and Amazon by leveraging its huge catalogue of Disney classics along with its Pixar, Marvel and National Geographic movies — not to mention its wildly successful “Star Wars” franchise.

Like its competition, Disney invests in original content available only to subscribers.

“With Disney’s superior tent-pole franchises and

06
Oct
2020
Posted in website

Tapinator, Inc. Launches Next-Generation Investor Relations Website

NEW YORK, Oct. 6, 2020 /PRNewswire/ — Tapinator, Inc. (OTC: TAPM), (“Tapinator,” the “Company,” “we,” “our” or “us”), a developer and publisher of category leading apps for mobile platforms, with a focus on social casino games, today announced the debut of its new investor relations website: https://ir.tapinator.com. The redesigned, next-generation website offers quick and intuitive access to essential information such as company news, financial and stock information, presentations and videos, regulatory filings, and corporate governance information. Created with the user experience in mind, the new website has been optimized across all digital devices, including desktop and mobile. 

Tapinator Logo (PRNewsfoto/Tapinator, Inc.)

Tapinator also recently released an updated investor presentation which can be accessed within the “Events & Presentations” section of its new investor relations website.

“As part of our continued efforts to enhance communications with the investment community, we are excited to launch our new website, which includes our new investor presentation and other valuable information for investors, analysts, media and other stakeholders,” said Andrew Merkatz, President of Tapinator. “We continue to believe there is a compelling fundamental investment case to be made to both current and prospective shareholders. This new website should serve as an invaluable communications tool to keep our shareholders better informed of our progress, and to amplify market awareness for the Tapinator brand within the investment community. We believe the new website and presentation conveys the Tapinator story, our long-term strategic direction and strong value proposition, as we continue to work toward maximizing value for our shareholders.”

The new website can be accessed at: https://ir.tapinator.com.

About Tapinator
Tapinator Inc. (OTC: TAPM) develops and publishes category leading apps for mobile platforms, with a focus on social casino games. Tapinator’s library includes over 300 titles that, collectively, have achieved over 500 million mobile downloads, including notable properties such as

06
Oct
2020
Posted in technology

Billionaire investor Dan Loeb follows Warren Buffett and Marc Benioff into Snowflake

Dan Loeb, Loeb, Third Point, Daniel Loeb


  • Billionaire hedge-fund manager Dan Loeb has joined Warren Buffett and Marc Benioff as a Snowflake shareholder.
  • Loeb’s Third Point, which counts Amazon and Alibaba among its biggest holdings, revealed a position in Snowflake in its latest portfolio update.
  • Buffett’s Berkshire Hathaway and Benioff’s Salesforce both purchased Snowflake stock in private placements immediately after it went public last month.
  • Snowflake is a natural fit for Third Point and Salesforce’s tech-heavy portfolios, but it’s an unusual bet for Berkshire given Buffett’s past warnings against tech stocks and IPOs.
  • Visit Business Insider’s homepage for more stories.

Billionaire investor Dan Loeb has followed Warren Buffett and Marc Benioff into Snowflake, the cloud-data platform that went public last month and saw its stock price more than double during its first day of trading.

Loeb’s Third Point fund counted Snowflake among its winning investments in September, its latest portfolio update shows. However, it didn’t disclose the size of its stake or when it was purchased.

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Snowflake contributed to an 11.7% gain for Third Point’s portfolio last quarter, outstripping the S&P 500’s 8.9% gain over the same period. Yet the fund’s 3.6% gain for the year to September trailed the benchmark index’s 8.9% rally.

The software company is a natural fit for Third Point, which held stakes in Alibaba, Amazon, Adobe, Salesforce, Facebook, and other tech stocks at the last count.

The same is true for Salesforce Ventures, the investment arm of Benioff’s enterprise-software giant, which backed Snowflake before it went public and bought $250 million of its stock in a private

05
Oct
2020
Posted in technology

Realty investor grabs Milpitas apartments near tech hubs

MILPITAS — A veteran real estate investor with a national reach has bought a big apartment complex in Milpitas, a deal that points to ongoing strong buyer interest in the Silicon Valley housing market.

Victorian Square, an apartment complex in Milpitas, has been bought by an affiliate of Klingbeil Capital Management, a real estate firm with a San Francisco office and roots in Ohio, according to public property and business records.

The 96-unit Victorian Square, located at 2021 N. Milpitas Blvd. in Milpitas, was bought for $36.3 million, property records filed with Santa Clara County officials on Oct. 2. show.

Located near the tech hubs in San Jose, Milpitas, and Fremont, the apartment complex appears to be in strong demand from renters.

The apartments.com website states that none of the units in the complex are available for rent.

The new owner of the Victorian Square apartment complex states that it owns a wide range of properties, according to the buyer’s website.

“Klingbeil Capital Management is a multi-faceted national real estate company with holdings throughout the United States,” the company said.

Described as a family business, Klingbeil Capital’s site says the company was founded in 1959 in Columbus, Ohio.

“In over 50 years of business, the company has expanded nationally into many real estate sectors including multifamily, single-family, student housing, land-development, condominiums, self-storage, commercial and medical office buildings,” Klingbeil Capital stated.

The buyer says it has bought commercial properties collectively worth hundreds of millions of dollars during the last two decades.

“Klingbeil Capital Management specializes in real estate investment for its own account and on behalf of institutional investors, with close to $2 billion of apartment acquisitions in the last 20 years,” the company said.

 

 

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