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Stock Market & Financial Investment News

News Breaks
May 30, 2014
09:30 EDTNQNQ Mobile announces sale of a minority interest investment in FL Mobile
NQ Mobile announced that it has entered into a definitive agreement to sell a minority interest in its wholly owned subsidiary, FL Mobile. Specifically, NQ Mobile has signed a definitive agreement to sell up to 5.88% of FL Mobile, or up to a total of $25M, consisting of $15M to Bison Mobile Limited, a division of Bison Capital Co Ltd and $10M from other investors, at a pre-money valuation of $400M dollars or post-money valuation of $425M. The funds will be used to further expand and enhance the FL Mobile business, brand and content. The investment has a redemption right if FL Mobile does not complete a qualified IPO within 12 months after the investment is completed.
News For NQ From The Last 14 Days
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August 21, 2014
14:56 EDTNQNQ Mobile down 3% after report of undisclosed SEC investigation
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August 20, 2014
08:41 EDTNQNQ Mobile's vLife Technnology adopted by China Telecom
NQ Mobile (NQ) announced a partnership with China Telecom (CHA) that will bring NQ Mobile's vLife technology to China Telecom's "E Surfing" product. Under terms of the agreement, vLife will power the user interface for the mobile cloud platform.

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