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Airbus Defence and Space has sold its Tokyo Spot Image KK (TSI) subsidiary to Japanese geospatial data specialist PASCO Corporation as part of a wider strategic agreement between the two companies.
Financial details were not disclosed.
Ofcom’s board has announced senior Treasury official Sharon White as its new CEO after the culture secretary, Sajid Javid, approved the appointment.
White will join the UK’s telecoms and media regulator in late March from her position as second permanent secretary at the Treasury, where she is responsible for managing the public finances.
US-based metamaterials specialist Kymeta is set to raise US$20m in another funding round to continue developing its satellite communications antenna.
Existing investors including board member Bill Gates and Lux Capital are participating in the financing, helping to fund a technology that can steer antenna beams with no moving parts.
Private equity firm Thoma Bravo and the Ontario Teachers’ Pension Plan have agreed to buy US-based wide area network (WAN) optimisation specialist Riverbed Technology for US$3.6bn.
The cash deal marks a successful campaign for activist hedge fund Elliott Management, which is Riverbed’s largest shareholder with around 10% and began calling for a sale nearly a year ago.
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