T. Rowe Price

China’s Tencent Buys 5% Stake In Tesla

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Chinese tech giant Tencent has spent $1.78bn (£1.4bn) on buying a 5% stake in electric carmaker Tesla. Tencent, best known for its WeChat mobile app, has been investing in a number of sectors, including gaming, entertainment, cloud computing and online financing. Tesla said the stake was passive, meaning Tencent would not get a say in … Read more

Oracle Proposed $9.3b To Acquire NetSuite

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Oracle Corp (ORCL. N) said on Saturday its proposed $9.3 billion acquisition of cloud storage company NetSuite Inc (N.N) will move forward after more than half of eligible NetSuite shareholders backed the bid. Oracle said in a statement that holders of 53 percent of unaffiliated NetSuite shares agreed to tender their shares by a Friday … Read more