Vodafone has agreed to buy 140 Phones 4u stores, saving almost 900 jobs at the stricken retailer. The mobile phone operator said it had no plans to cut staff in the stores and that all 887 employees at the outlets would be kept on.
The deal will increase the number of Vodafone stores in the UK to about 520, accelerating its plan to sell more contracts and handsets through its own branches. However, the transaction was announced alongside confirmation of 628 redundancies at Phones 4u’s headquarters.
Venture capitalist Peter Thiel had a lot to say on Squawk Box this morning.
"Twitter is hard to evaluate," said Thiel. "They have a lot of potential. It’s a horribly mismanaged company — probably a lot of pot-smoking going on there. But it’s such a solid franchise, it may even work with all that."
He also shared his thoughts on Google, Uber and gay CEO’s.
Alibaba set the price of its shares on Thursday at $68, the top end of its planned range, and is expected to raise up to $22bn (£13.5bn). At $68 a share, the company is valued at $167.6bn – bigger than Amazon and more than double the value of eBay […]