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Technology, Media & Telecommunications Headlines

U.S. software company Cloudera beats expectations in IPO: source

U.S. software company Cloudera Inc raised $225 million in an initial public offering on Thursday, a source familiar with the situation said, giving the company a market valuation of about $1.9 billion, a steep fall from the $4.1 billion it was once valued at in the private market.

KKR to buy Hitachi unit valued at $2.3 billion

U.S. buyout firm KKR said on Wednesday it has agreed to buy Hitachi Ltd's chip-making equipment and video solution unit in a deal valuing the company at 257 billion yen ($2.3 billion), its second purchase of a Hitachi unit.

Verizon's bid challenges AT&T's offer for Straight Path: source

Verizon Communications Inc has made an offer for Straight Path Communications Inc , topping an earlier bid from AT&T Inc , in a move that starts a bidding war for a company holding spectrum used in 5G technology, according to a source familiar with the matter.

Hyland Software nears deal for Lexmark's software unit: sources

Hyland Software Inc, a U.S. business software company owned by buyout firm Thoma Bravo LLC, is nearing a deal to acquire the software division of printer maker Lexmark International Inc for nearly $1.5 billion, according to people familiar with the matter.

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