NVIDIA and SoftBank Group have signed a definitive agreement under which NVIDIA will acquire Arm from SBG and the SoftBank Vision Fund (SoftBank) in a transaction valued at $40 billion.
BlackBerry will report results for the second quarter of fiscal year 2021 at 8:00 a.m. ET on Thursday, September 24, 2020. The conference call can be accessed by dialing +1 (877) 682-6267 or live streamed on the Company’s website here.
BlackBerry completed its debt refinancing Tuesday, which left Fairfax Financial holding 90% of new 1.75% BlackBerry convertible debt. On the same day, Billionaire investor Prem Watsa, leader of Fairfax Financial Holdings, upped his stake in BlackBerry by 117.99%.
Fairfax Financial Holdings (Fairfax) has acquired control of $330M of 1.75% subordinated convertible debentures issued by BlackBerry, representing 90% of BlackBerry's private placement of $365M of the debentures that closed.
BlackBerry has completed the redemption of all of its 3.75% unsecured convertible debentures (TSX: BB.DB.V) (the "3.75% Debentures") on September 1, 2020. None of the 3.75% Debentures were converted into common shares of BlackBerry prior to redemption.
BlackBerry has announced the amendment of the indenture governing its outstanding 3.75% unsecured convertible debentures to permit the optional redemption of the 3.75% Debentures prior to November 13, 2020.
BlackBerry Shareholder Dorsey R. Gardner has objected to BlackBerry's recently announced recapitalisation transactions, which he argues give rise to a clear conflict of interest as they involve Fairfax Financial Holdings Limited and certain of its affiliates (collectively, "Fairfax")
sync. is aiming to become the first digital smart open banking app offering an easy-to-use financial service across Europe, promising to manage every aspect of a user's financial life in one place. sync. says it was created out of frustration with traditional banks and the niche offering of new challenger banks that are not responding to all the needs of the end customer.
BlackBerry has provided further details regarding the proposed refinancing of its outstanding US$605 million principal amount of 3.75% unsecured convertible debentures, which mature on November 13, 2020. BlackBerry announced the proposed refinancing on July 22, 2020, and intends to complete the transaction on September 1, 2020.
The new Samsung Pay Card, powered by Curve, and in conjunction with Mastercard, is now available in the UK. The Samsung Pay Card is a digital card that allows Samsung Pay Customer keep all of their Mastercard and Visa branded credit and debit cards in one place.
Digital payment service Paytm has launched an Android-based, pocked-sized point of sale (POS) device that is enabled with integrated billing software, camera for QR scanning and supports 4G SIM cards Wi-Fi and Bluetooth connectivity.
Apple posted revenue of $59.7 billion for its fiscal third quarter, smashing Wall Street's expectations and showing growth across every single product category.
