STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Milana Vinn
Fierce competition from big rivals such as Microsoft Corp and Oracle Corp, as well as setbacks in winning new business, have suppressed Alteryx's valuation and made it an acquisition target. Its shares had lost almost half their value in the last 12 months prior to news of its exploring a sale. Expressions of interest that Alteryx has received thus far have not met its valuation expectations, and the company may decide against any deal, the sources said, requesting anonymity because the matter is confidential.Alteryx, which debuted in the stock market in 2017, counts more than 8,300 companies as its customers, including Coca-Cola Co, Vodafone Plc, Walmart Inc, and Ford Motor Company. Its platform allows businesses to quickly analyze and crunch data.
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Exclusive-China to launch new $40 billion state fund to boost chip industry, sources sayBy Julie Zhu, Kevin Huang, Yelin Mo and Roxanne Liu HONG KONG/BEIJING (Reuters) - China is set to launch a new state-backed investment fund that aims ...
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Exclusive-China to launch new $40 billion state fund to boost chip industry, sources sayChina is set to launch a new state-backed investment fund that aims to raise about $40 billion for its semiconductor sector, two people familiar with the matter said, as the country ramps up efforts to catch up with the U.S. and other rivals. It is likely to be the biggest of three funds launched by the China Integrated Circuit Industry Investment Fund, also known as the Big Fund. President Xi Jinping has long stressed the need for China to achieve self-sufficiency in semiconductors.
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Exclusive-Shell, Trinidad weigh Venezuela's natural gas investment demandsBy Curtis Williams and Marianna Parraga HOUSTON (Reuters) - Shell and Trinidad and Tobago's National Gas Company (NGC) are close to agreeing to credit ...
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