Oakley gears up to sell German cloud computing firm Contabo -sources

By Emma-Victoria Farr

LONDON (Reuters) – Private equity firm Oakley is looking to sell its majority stake in German cloud hosting platform Contabo as it seeks to capitalise on demand for cloud computing fuelled by the COVID-19 pandemic, two people familiar with the situation said.

The Munich-based company could be valued at between 700 million euros and 800 million euros ($762.6 million and $871.5 million ) as part of an auction process expected after the Easter break, those people said.

London-based advisory firm Arma Partners is handling the sale, which is mainly focusing on private equity bidders, one of the people said.

The company has already drawn interest from several tech-focused buyout funds including Hg, Montagu, Vitruvian, Cinven and IK Partners, another source said.

Oakley, Arma…


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US City Denies They Are Bidding For Future WWE WrestleMania

Amidst swirling speculation sparked by a Detroit radio report, the Detroit Sports Commission has issued a statement refuting claims of actively preparing a bid to host WWE WrestleMania in 2027.

This potential bid would have marked the 20th anniversary of WrestleMania 23 in the city and the 40th anniversary of WrestleMania III, which took place in Michigan.

In response to these rumours, the Commission clarified its stance in a statement to The Detroit News, firmly denying the ongoing preparation of a bid for WrestleMania 43. However, the Commission expressed unwavering enthusiasm about the possibility of hosting future major WWE events, affirming its commitment to actively pursue bids for potential future events and leveraging…


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Video of ‘Rafah actors’ actually from Palestinian TV drama series

A video is being shared online with the implication that it shows “Rafah actors” preparing to pretend to be dead or injured in Gaza. This comes amidst reports Israel appears to be set to launch a large-scale assault on the city in the south of Gaza.

In the clip, which is circulating on Facebook, Instagram and YouTube, and shared over 4,000 times on X (formerly Twitter), a man lies on a stretcher while a woman applies makeup to his chest and neck, and another man sits in what appears to be a body bag—while smoking a cigarette. 

Text overlaid on the video says “Make-up Gaza Style” and has a watermark of an account which shares what it claims are “Pallywood” videos—a portmanteau of Palestine and Bollywood

Full Fact has written several times about this…


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Looking for massive storage server – 60 x18 TB SAS in Western Europe (not U.S)


Quote Originally Posted by ethhert
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I understand the difficulties
But since it is possible in the U.S
I figured I write it in here in case some provider is able to provide it for a long term customer.

The price you’re after, without bandwidth, only makes sense if a provider is sitting on the hardware and has no prospects of renting it out. They might offer that price just that one time, just to get it out the door. Then it just barely makes sense at the price you asked, but without bandwidth.

In europe, costs are higher in general, especially for electricity, which this kind of server uses a lot of. It simply is not a realistic price.

A “good deal” is about 50% more than your budget while a typical price is more like double.


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Startups And Tech Lead The Way As Renewable Energy Hits Milestone

Renewable energy has reached a historic milestone, accounting for 30% of global electricity generation in 2023, as reported by Sky News. China and Brazil have taken the lead in expanding solar and wind power, marking a significant step towards reducing greenhouse gas emissions worldwide.

However, funding for clean energy projects remains a challenge in many countries. Fortunately, technology has played a vital role in driving the growth of renewable energy, making it more affordable and accessible than ever before.

Thanks to innovative technologies, we have made significant progress towards sustainable living. Smart energy meters help us monitor and optimise our electricity usage, while innovative solar panel designs increase efficiency. In addition, startups are driving…


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