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TikTok Pumps $1.5B Into Indonesia's GoTo Group To Revive Shopping App
Monday, December 11, 2023 - 6:10am | 557TikTok, a subsidiary of ByteDance Ltd., is set to inject $1.5 billion into a partnership with Indonesia’s GoTo Group. This collaboration, announced on Dec. 11, 2023, will enable the Chinese social media behemoth to relaunch its shopping application in its primary online retail market. What...
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How Citrix Could Spin Off $3.4 Billion GoTo Division
Monday, November 2, 2015 - 3:31pm | 314Citrix Systems, Inc. (NASDAQ: CTXS) held its third-quarter earnings call on October 21. During the event, management said its 2016 guidance and the results of its ongoing operational and strategic reviews would be made public mid-November. In a report issued Monday, analysts at Credit Suisse...
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Citrix's Combined Business Is Worth $99 Per Share: Bernstein
Wednesday, August 12, 2015 - 10:39am | 382In a report published Tuesday, Bernstein analyst Mark Moerdler crunched up a valuation model for Citrix Systems, Inc. (NASDAQ: CTXS) "New Citrix plan" which has the backing of activist investor (and Board member) Elliott Management. "The company is shaking up the board, the...