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Twitter plunges as buyout hopes fade

Twitter shares went into a tailspin Thursday as hopes faded for a buyout for the struggling social network. Shares in Twitter sank 20 percent to close at $19.87, giving back most of the gains from speculation in recent weeks of a buyout by a major tech or media group. On Wednesday, technology news site Recode said Google parent Alphabet would not pursue a Twitter acquisition. Google had been seen by some observers as one of the more likely purchasers. Neither Twitter nor Google responded to a request for comment. Recode also reported that other potential suitors were also cooling -- that Apple was unlikely to pursue a bid and that Disney had no plans to make an offer.

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Snapchat eyes 2017 share offering: report

Snapchat's parent Snap is readying a 2017 share offering, which would bring to Wall Street one of the most prominent of the venture-backed tech "unicorns," the Wall Street Journal reported Thursday. The company which makes the popular disappearing message application and which has been expanding its media partnerships, could have its initial public offering (IPO) ready by March, the newspaper said. The IPO is likely to value the California startup at over $25 billion, according to the report, making it the largest on a US exchange since 2014, when China's Alibaba hit the market. Contacted by AFP, Snap said in an email, "We aren't commenting on rumors or speculation about any financing plans." Snap estimates it has more than 100 million users globally of the service for sending videos, images and text messages which …

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A month-long celebration of wonderful for all Globe customers nationwide

In the whole month of September, Globe recently celebrated 917 festival through giveaways and on-ground events to subscribers. Globe further cemented its relationship with its customers, especially to its tenured customers who have stayed on the Globe network for 10 years or more. Last September 1st, Globe President and CEO Ernest Cu took to the Globe official Facebook page via Facebook Live to personally thank its customers for supporting Globe through the years. “We are grateful to our millions of customers for staying with us and making us a part of their lives. Though everyday is an opportunity for us to provide a wonderful service, we wanted to dedicate a whole month of giving customers simple joys that would make their day special - from Grab Car discounts to more rewards points for …

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The Power of Two: Property24 & OLX, smoother transactions for property buyers and sellers

Top property portal Property24 and the country’s leading classifieds platform OLX take their partnership to the next level with their efforts to establish a premier real estate platform that promises to be the most effective avenue for buyers and sellers to achieve their real estate needs. The collaboration between the two platforms means that Property24 listings are now searchable on OLX. For property sellers, the integration means unparalleled reach, as their market widens to more than a million unique visitors monthly, giving them a stronger online presence in the real estate market. For property buyers and renters, this means access to more options as they search for a property that suits their preference. Property24 sellers can now benefit having presence on both platforms. On the other hand, buyers will be able to identify Property24 …

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NCR introduces new banking solutions to Philippine banks

NCR Corporation has recently unveiled a new suite of integrated CxBanking solutions to help financial institutions in the Philippines improve speed of service, reduce downtime and enhance customer experience. “Banks are under enormous pressure to innovate as customers demand amazing experiences when and where they want, and on a platform of their choice to interact with their bank,” said Yiannos Papadopoulos, vice president, Southeast Asia Pacific, NCR. “This has led us to focus on the next generation of online and mobile services to complement traditional person-to-person interactions, creating an ‘always available’ 24/7 banking environment to ensure that banking customers have the flexibility and control in their hands to manage transactions wherever and however they choose.” Innovative technologies launched today include the Cx110, first thin client ATM to run with Kalpana creating a powerful …

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ViewSonic extends partnership with Epsilon eSports

ViewSonic Corp. has recently announced the extension its partnership with Epsilon, an international professional eSports organization. With this partnership, ViewSonic becomes a headline sponsor for all Epsilon teams, and will offer exclusive use of its gaming monitors, the ViewSonic XG2401 and VX57 Series, to assist with training. “We have had a fantastic time so far throughout our partnership with ViewSonic,” said Greg Champagne, CEO of Epsilon eSports. “It’s clear that they are a company where performance is a key factor in their product range, and lines up with our eSport player needs. We are now delighted to extend our link with ViewSonic, and look forward to achieving more titles together.” Epsilon’s teams include: Sweden-based CSGO, League of Legends out of Europe, and UK-based Call of Duty. “ViewSonic is looking forward to another great …

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Independent investor announces $1M fund for investment in PH start-ups

Filipino serial entrepreneur and investor, Jose “Joe” Maristela III announced through his venture capital firm, Katalyst.PH, a new wave of investment fund amounting to one million US dollars (USD1,000,000). In the Philippine startup scene despite the emergence of local startup accelerators, innovation hubs, venture capitalists (VCs), and angel investors, the ecosystem still faces many barriers. Capital flowing in is too small compared to other markets. The government roadmap in creating 500 startups with total funding of US$200 million and valuation of US$2 billion by 2020 is quite a stretch, but definitely not impossible because of the limitless possibilities tech start-ups have. Joe’s outlook in the Philippines start-up economy is very positive adding to his high regard for the talents and skills of Filipino entrepreneurs, a series of investment rounds coming from his …

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World Robotics Report 2016 announces collaborative robots as market driver

Universal Robots welcomes new report that documents how “cobots” are now the hottest growth segment in industrial automation with forecasts showing no signs of slowing. The World Robotics Report 2016, recently released by the International Federation of Robotics (IFR) forecasts that compact, user-friendly collaborative robots will become a key driver in the automation market. The report predicts the worldwide annual sales of industrial robots to increase by at least 13 percent on average per year from 2017 to 2019. Human-robot collaboration will have a “breakthrough” in this period, enabling robots and humans to work safely side-by-side without any fences, while increasing production efficiency and quality. “As the market leader of the cobot industry, Universal Robots welcomes the report which confirms the validity of our mission: lowering barriers and enabling automation in areas …

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Philam Life sparks new infrastructure for improved services

Philam Life’s improvements over its systems and infrastructures to serve Filipinos better is underway. “Philam Life has always been the leading innovator in the life insurance industry. Among the roster of recent innovative transformation initiatives we have introduced is GENESIS by Philam Life, a modern state-of-the-art facility supported by technological tools and development programs which paved the beginning of a culture of excellence in the financial advisor practice.” said Philam Life CEO Ariel Cantos.  The latest addition is the opening of their first flagship store in Bonifacio Global City, Taguig. SPARK by Philam Group derived its name from the light that has ignited a flame in transforming the culture of customer service experience. “Our innovation this time focuses on giving our customers the best experience. We are transforming our customer service centers into …

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Samsung to ‘review’ split plan, shares hit record high

Samsung Electronics responded warily Thursday to a proposal by US hedge fund Elliott Management to split the South Korean tech giant into two companies but markets cheered the plan, sending its shares to a record high. "We will carefully review the shareholders' proposals," the technology conglomerate said in a terse one-line statement, with its spokesmen declining any further comment. Entities controlled by Elliott, the hedge fund run by billionaire Paul Singer, own about 0.62 percent of Samsung. In a detailed proposal unveiled on Wednesday, Elliott laid out a strategy for streamlining Samsung, splitting the company in two, dual-listing the resulting operating company on a US exchange and paying shareholders a special dividend of 30 trillion won ($27 billion). Elliott argued that Samsung, currently a maze of listed and unlisted companies with a notoriously opaque …

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