New Zealand’s largest mobile company Vodafone has been sold to local infrastructure investor Infratil and Canadian investment firm Brookfield for $3.4 billion.
Acting Prime Minister Winston Peters has called the sale of ice cream company Tip Top a “sad day” for New Zealand, laying the blame squarely on past management at Fonterra.
Uber’s conservative initial public offering could not keep its shares from sinking in their trading debut, fueling debate on Wall Street over whether it would weigh on other tech giants.
Uber has set the sale price for its shares which are due to list on the New York Stock Exchange tomorrow, in what is expected to be one of the biggest share floats of the year.