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Technology, Media & Telecommunications Headlines

Fridman's LetterOne invests in mobile challenger FreedomPop

FRANKFURT, Aug 30 FreedomPop, a U.S. startup challenging the mobile industry by offering free voice and data plans, has received a $50 million investment to fund international expansion from LetterOne, the investment vehicle owned by Russian billionaire Mikhail Fridman.

Nutanix acquires two startups amid IPO delay

SAN FRANCISCO, Aug 28 High-tech computing company Nutanix has acquired two startups to enhance its data and storage services, as the firm continues to grow its business despite a protracted delay in its initial public offering.

Sales top IPOs as private equity cashes out

NEW YORK, Aug 26 (IFR) - Private equity firms are increasingly choosing outright sales instead of IPOs when it comes to cashing out of their investments as ECM is unable to compete with buyers capitalising on accommodative debt markets.

LPC: Private equity firms put more capital, less debt into LBOs

NEW YORK, Aug 26 Higher company valuations and lenders wary of risky investments are pushing private equity firms to increase the size of equity contributions, or checks, for leveraged buyouts near historic highs in the face of fierce competition from cash-rich corporate buyers.

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