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No reversal of policy on real estate valuation, says FBR

ISLAMABAD: Federal Board of Revenue (FBR) Friday took strong exception to the news reports appeared in a section of the press, claiming that the downward revision of real estate valuation for some areas has partially reversed the policy decision taken in 2016. The decision taken in 2016 was made for adoption of market value of real…

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Candy Crush maker sees up to $7.6 bln IPO valuation

NEW YORK: King Digital Entertainment Plc, maker of hit mobile phone game “Candy Crush Saga”, expects to be worth up to $7.6 billion when it goes public this month in the United States, amid concerns about its over reliance on the game. King will hope to benefit from its focus on the estimated $17 billion…

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Twitter IPO pegs valuation at modest $11 billion

SAN FRANCISCO: Seeking to avoid a repeat of Facebook Inc's much-maligned public debut, Twitter Inc revealed more modest ambitions, saying its initial offering would raise up to $1.6 billion and value the company at up to about $11 billion.The valuation was more conservative than the $15 billion some analysts had expected for the social media…

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Nokia M&A talk stirs share valuation rethink

HELSINKI: Investors alert to M&A speculation around Nokia are taking a fresh look at whether the struggling mobile handset maker's share price undervalues its assets and increasing signs of financial stability.Reports of interest from Huawei and Microsoft show Nokia is still vulnerable but several analysts said they were more optimistic since plunging sales and alarming…

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