Boingo Shares Surge as Airport WiFi Provider Confirms Takeover Interest
Investors snapped up shares of Boingo Wireless Inc. on Tuesday, sending the stock up 23% after the WiFi services company confirmed it has "received multiple inquiries" regarding a potential takeover.
The Los Angeles-based company, whose WiFi antennas power internet service at airports and on planes, said its board is currently engaged in talks with several suitors. The stock catapulted to $14.60 in early trading on the Nasdaq, but is still well below the nearly $26 shares traded at last April.
"Management is not commenting on rumors regarding the recent news story speculating the Company is exploring a potential sale. The Company has received multiple inquiries regarding a potential strategic transaction," according to a statement issued by Boingo when it reported quarterly earnings on Monday. "Accordingly, the company's board of directors has engaged advisors to assess these opportunities.
Bloomberg, citing sources, reported last week that the company had received takeover interest.
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'All Celebrities Are Gig Economy Workers': Cameo's CEO On How He Plans to Disrupt the Entertainment World
"Fight for simplicity" is a guiding principle at Cameo, a marketplace platform that launched in early 2017 out of Chicago but is increasingly rooting itself in Los Angeles. No surprise, then, that the company's premise isn't too complicated. Celebrities with over 20,000 Instagram followers – which occasionally stretches the limit of what one might consider a "celebrity" – can set up a Cameo account and list a price at which they will record a short, personalized video for customers. Caitlyn Jenner currently charges $2,500. Former NFL MVP Brett Favre asks for $300. Someone who goes by MeesterMario requests a humble $5. Whatever the number, Cameo keeps 25% of the transaction and the talent does what it wishes with the remainder.
Cameo CEO Steven Galanis
More than a year ago, Darius Kemp, then a community manager at cannabis delivery app Eaze, realized the platform didn't have any Black-owned products on their menu.
Today he is Eaze's head of equity and change, spearheading a program for change and to prevent that from ever happening again.
Carolina Vazquez Mitchell's company dreamt is part of Eaze's new social equity partner menu.