Microsoft to acquire 12% of Blue Label Telecoms

posted by  kjonnis (52)  8 months ago (www.hunterstrat.com)

A stock exchange listing statement filed by South African reseller of phone services, Blue Label Telecoms, reveals that Microsoft will acquire 12 % of the company for over $80 million:

Microsoft will be issued shares for cash amounting to a roughly 4.5% interest in Blue Label after a private placing currently under way, and will buy another stake of about 7.5% in the placing and from other shareholde