Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

Archive for March 18th, 2019

Need a Lyft?

leave a comment »

If you’re looking for a new iPad, Apple is offering up a couple of new options.

A new 10.5” iPad Air ($499), and a 7.9” iPad mini ($399), both with retina displays, the A12 Bionic chip, and support for the first-gen Apple pencil.

For those keeping score, that mini has the same screen size as the previous generation. 9to5Mac writes that the Air is “a halfway house between the $329 iPad and $799+ iPad Pro tiers.”

On the dealmaking and moneyraising fronts, there’s also news from this Monday.

Fidelity National Information Services Inc. said it has agreed to acuire Worldpay Inc for roughly $35 billion in cash and stock, reports The Wall Street Journal.

Why do we care?

This deal would build a global payments giant and back-end financial services business in a sector “under pressure to cut costs, develop new products and add customers.”

The combined FIS and Worldpay expects to generate $500 million in additional revenue and annual cost cuts of about $400 million through combining their one-stop shop services to process online and in-store payments and manage transactions in multiple currencies. The enlarged group, which expects to have annual revenue of about $12.3 billion, also will offer services to manage fraud and advanced data analytics, the companies said.

 FIS helps banks process credit-card transactions, service auto loans and handle back-office functions for money managers among a range of services that it offers. The company says its technology is used in managing transactions involving more than $9 trillion annually.

Finally, if you’re looking for a lift, ride-share company Lyft today disclosed it hopes to raise over $2 billion in its IPO, at an initial market cap that could top $19 billion. 

Lyft is expecting to offer 30.77 million shares valued at between $62 and $68 per share, and its IPO road-show is expected to kick off today.

Might be cheaper to ride a scooter.

Written by turbotodd

March 18, 2019 at 10:25 am

Posted in 2019, apple

Tagged with , , ,

%d bloggers like this: