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Updated: 16 hours 17 min ago
SAN FRANCISCO (Reuters) - Tango, the mobile messaging company, is arranging a financing transaction that would value its business at around $1.5 billion (891.33 million), roughly one-third more than the valuation it received just five months ago, according to three people familiar with the situation.
WASHINGTON (Reuters) - Sprint Corp's newly appointed Chief Executive Marcelo Claure has so far had a Midas touch in the telecoms industry, turning Brightstar, a reseller of U.S. handsets to Latin America, into a distributor valued at $2.2 billion (£1.31 billion) when it was sold to Japan's SoftBank.