Tag Archives: gears

Osaka gears up for the 2025 World Expo with memories of hosting a half-century ago

September 12, 2024 Web Shared Hosting News 0

OSAKA, Japan (AP) — Visitors to Tokyo and Kyoto might not realize it, but Osaka — one of Japan’s biggest and oldest cities, known more as a business hub than a tourist destination — is gearing up to host next year’s World Exposition.

The city has been plastered with the Expo’s red-and-blue “Myaku-Myaku” mascot for months and is abuzz with preparations. For many here, the excitement is mixed with nostalgia for the last World Expo hosted by Japan, back in 1970.

There are doubters, especially outside Osaka. Construction costs are turning out to be exponentially higher than expected. Preparations have been marred by political and business infighting. And many Japanese, jaded after Tokyo’s difficult experience hosting the Olympics during the COVID pandemic, question…


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

May 10, 2024 Web Shared Hosting News 0

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

April 12, 2022 Web Shared Hosting News 0

LONDON, April 12 (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.

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The company has already drawn interest from several tech-focused buyout funds including Hg, Montagu, Vitruvian, Cinven…


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