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Monet is owned by Algar Telecom, Angola Cables, Antel and Alphabet’s (GOOGL) Google. Elsewhere in the tech space: Verizon (VZ 52.57, +0.75 +1.45%) acquired Sensity Systems. Financial terms of the deal were not disclosed. SolarCity (SCTY 17.80, +1.03 +6.14%) raised $305 million in its second cash equity transaction. A private investment fund affiliated with Quantum Strategic Partners Ltd. and advised by Soros Fund Management LLC provided the equity investment in a portfolio of residential, commercial and industrial solar projects. The transaction also included a fully amortizing, 18-year loan that was syndicated to five high-quality institutional investors. MediaNews Group Inc., the largest shareholder of Monster Worldwide (MWW 3.52, +0.08 +2.33%), with an ownership interest of 11.6% of Monster’s outstanding shares, delivered an open letter to Monster shareholders. Among other points, the shareholder noted, “We want to reiterate that we will not tender our shares in the current tender offer and we intend to exercise our appraisal rights to receive the actual value of our shares — not the undervalued Randstad price — in the event the current Randstad deal closes.” Open Text (OTEX 65.15, +5.38 +9.00%) to acquire Dell EMC’s Enterprise Content Division, including Documentum for $1.62 billion. ECD offers a suite of leading Enterprise Content Management solutions with deep industry focus, including the Documentum, InfoArchive, and LEAP product families.
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