Tenet Fintech Group Inc. (CSE: PKK, OTC Pink: PKKFF)
Commercial Lending in China Ready to Tenet!
WeWork (WE) is in talks to sell its Managed by Q software business for under $55M, according to Bloomberg sources.
WeWork reportedly purchased the company earlier this year for $220M. A portion of that sale was WeWork stock, which has declined in value since the failed IPO.
Managed by Q founder Dan Teran has said he’s working to repurchase the company.
Last week, WeWork sold SEO and content marketing company Conductor back to the CEO, COO, and investor.
NII Holdings (NASDAQ:NIHD) and AI Brazil complete the previously announced sale of Nextel Brazil to América Móvil (NYSE:AMX).
The aggregate purchase price was $948.5M, after adjustments.
After deducting $491.6M of net debt, the net purchase price at closing was $456.9M. Net proceeds to NII were $166.3M.
Based on current information (including actual net sale proceeds), assumptions and estimates, the company expects the total amount of cash available to be distributed to stockholders in the future will be $227M-$280M, or $2.17-$2.68 per share.
Separately, NII will offer to repurchase any and all outstanding 4.25% convertible senior notes due 2023 at a repurchase price equal to 100% of the principal amount plus accrued and unpaid interest.
Uber (NYSE:UBER) plans to expand its Uber Works pilot program, according to Bloomberg.
Works connects workers and businesses offering short-term jobs in a variety of sectors, including hospitality, events, and light industrial.
Uber has been testing Works in Chicago and will next expand to Miami before moving to additional cities next year.
The program was sourcing workers from traditional temp agencies, but Uber wants to start recruiting from its driver pool.
Uber shares are up 1% to $30.05.
Broadcom (NASDAQ:AVGO) is working with Credit Suisse to find a buyer for its RF unit, according to WSJ sources.
The unit had $2.2B in revenue in FY19.
Sources say the unit could be worth $10B.
The talks are in the early stages, and details could change.
During last week’s earnings report, Broadcom said it would reclassify its wireless units outside its core semi business.
Broadcom shares are up 1.8% to $329.56.
Google (GOOG)(GOOGL) will pay an additional $300M to settle its tax affairs in Australia, according to the Australian Taxation Office.
Microsoft, Apple, and Facebook have previously settled with the ATO.
