Blackstone Said to Mull Launch of Cirsa IPO in Coming Weeks
Blackstone Inc. is considering launching an initial public offering of Spanish casino operator Cirsa Enterprises as soon as the coming weeks, according to people familiar with the matter, as fading volatility has opened a window for companies to go public before the summer lull.
The company's IPO could raise less funds than previously expected after its private equity owner recently injected cash to pay down debt, said the people, who asked not to be identified as the information is private. An IPO of Cirsa could raise as much as €1 billion ($1.1 billion), Bloomberg reported in November, before the capital injection.
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Associated Press
an hour ago
- Associated Press
MATRIXX Software Collaborates on Groundbreaking TM Forum Catalyst for Spatial Web Monetization
Team of global leaders to showcase telcos' advancing role in enabling immersive, context-aware digital experiences FOSTER CITY, CA / ACCESS Newswire / June 11, 2025 / MATRIXX Software, a global leader in billing and monetization solutions, today announced its participation in a groundbreaking TM Forum Moonshot Catalyst project titled 'Spatial Web: Open Gateway to the Immersive Future.' The project, developed in collaboration with industry leaders including Telefónica, TIM Brasil, Red Hat, Hansen Technologies and will be unveiled at TM Forum's Digital Transformation World (DTW) Ignite event, June 17-19, in Copenhagen, Denmark. The Catalyst showcases how telcos can become enablers of the Spatial Web through standardized, programmable access to network capabilities via the GSMA Open Gateway initiative and TM Forum's Operate APIs. It provides a blueprint for transforming connectivity providers into orchestrators of the immersive, context-aware digital experiences that will become the 'killer apps' of the Spatial Web. 'Real-time, scalable monetization capabilities will be central to telcos' role in the Spatial Web ecosystem,' said Marc Price, chief technology officer at MATRIXX Software. 'This Catalyst project demonstrates how telcos can unlock that potential by automating lifecycle operations, exposing new value through APIs and enabling flexible monetization models that appeal to developers and aggregators alike.' The Spatial Web Opportunity The Spatial Web is the next evolution of the internet, where digital content and services are seamlessly integrated with the physical world through technologies like augmented reality, real-time data and AI agents. It promises to deliver immersive, context-aware experiences for users and new monetization opportunities for businesses. Emerging use cases include interactive marketing and virtual storefronts, immersive games and contextualized spatial tourist attractions, each of which will be served by direct and indirect monetization models to underpin their commercial success. To realize its full potential, the Spatial Web requires a programmable network foundation-one that can provide low latency, high bandwidth and context-rich data services. Telecom operators are uniquely positioned to deliver these capabilities, enabling developers to build applications that interact intelligently with the physical environment in real-time. A Gateway to the Next Internet Era Built on TM Forum's Open Digital Architecture and CAMARA APIs, the Catalyst highlights the technical advances needed to support next-generation digital services. Key project innovations include: Collectively, these advances lay the foundation for commercializing high-value Spatial Web applications in numerous industries-moving beyond simple connectivity toward a forecasted $34B+ telco API economy. Scaling the Open Gateway The Open Gateway, initiated by the GSMA, standardizes network capabilities through APIs, enabling developers to build applications interacting directly with telecom infrastructure. By simplifying complex operator functions into programmable interfaces, like quality of service and identity, it bridges networks and cloud ecosystems, accelerating innovation and creating new monetization opportunities for telcos. With 73 operators and 43 channel partners supporting the MoU, the Catalyst project highlights the automation of these API deployments and commercialization at scale. Visit the Catalyst at DTW The 'Spatial Web: Open Gateway to the Immersive Future' Catalyst will be presented at DTW's Innovation Zone, kiosk i3.18. Attendees will experience how standardized APIs and real-time monetization can unlock new business models, speed developer onboarding and transform the telco role in the emerging Spatial Web ecosystem. Learn more about the Catalyst project here. About MATRIXX Software MATRIXX Software delivers a modern converged charging and digital monetization solution proven at scale. Global operators like Telefónica and Telstra, IoT providers like Tata Communications and network-as-a-service (NaaS) providers like DISH rely on the platform to overcome the limitations of traditional Business Support Systems (BSS). With MATRIXX, service providers can rapidly configure, deploy and monetize personalized, innovative offerings. Its cloud native platform delivers accurate, real-time information that improves customer engagement. MATRIXX enables commercial innovation and real-time customer experiences that drive revenue and growth opportunities across multiple markets. For more information, please visit Media Contact [email protected] SOURCE: MATRIXX SOFTWARE press release
Associated Press
an hour ago
- Associated Press
Kaplan Fox Reminds Investors of Ibotta, Inc. (IBTA) to a Class Action Deadline on June 16, 2025
NEW YORK, NY - June 10, 2025 ( NEWMEDIAWIRE ) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Ibotta, Inc. ('Ibotta' or the 'Company') (NYSE: IBTA) on behalf of Ibotta investors. CLICK HERE TO JOIN THE CASE If you are an investor in Ibotta and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003. DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than June 16, 2025 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery. Ibotta purports to be a technology company that allows consumer packaged goods brands to deliver digital promotions to consumers through the Ibotta Performance Network. On April 18, 2024, Ibotta conducted its Initial Public Offering ('IPO'), offering 6,560,700 million shares of Class A common stock at a price of $88 per share. The complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that; (i) Ibotta's data measurement system did not provide accurate, precise, and real time client campaign and consumer data measurement; (ii) the Company's business mix had shifted and was generating less revenue; and (iii) Ibotta had 'exhausted' its clients' budgets, negatively impacting fourth quarter 2024 revenue and expected first quarter 2025 revenue. According to the action, on February 26, 2025, after market hours, in connection with reporting fourth quarter 2024 and full year 2024 financial results, Ibotta's CEO Bryan W. Leach ('CEO Leach') explained just how deficient Ibotta's data measurement technology was by stating that 'it has become clear that we need to bring to market a more rigorous form of measurement that goes beyond the industry standard return on ad spend, or ROAS, framework.' Further CEO Leach allegedly announced that Ibotta would transform into a programmatic advertising company, which according to the complaint demonstrates that, at the time of the IPO, Ibotta's data measurement infrastructure was not suited for heavy reliance on third party platforms. On this news, the price of Ibotta's stock fell $29.08, or nearly 46%, to close at $34.09 on February 27, 2025, more than 60% lower than the IPO price of $88 per share. WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. If you have any questions about this Notice, your rights, or your interests, please contact: CONTACT: Pamela A. Mayer KAPLAN FOX & KILSHEIMER LLP 800 Third Avenue, 38th Floor New York, New York 10022 (646) 315-9003 [email protected] Laurence D. King KAPLAN FOX & KILSHEIMER LLP 1999 Harrison Street, Suite 1560 Oakland, California 94612 (415) 772-4704 [email protected] Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
Associated Press
an hour ago
- Associated Press
How a Chinese Copper Art Workshop from Jiande Win Hearts, Applause in Florence
FLORENCE, ITALY - Media OutReach Newswire - 11 June 2025 - From April 25 to May 1, the 89th Florence International Handicraft Fair in Italy was held. Tongshifu, a company from east China's Jiande City, stood out among more than 530 exhibitors worldwide with its exquisite copper artworks and received extensive attention. [VIDEO] At the dazzling booth of Tongshifu, every piece, from delicate and compact copper gourds to magnificent statues of Guan Gong, an ancient general known for his loyalty and bravery in battles, demonstrates a high level of artistry by taking the traditional lost-wax copper casting technique as the core and integrating modern aesthetics and cultural elements. The sculpture of Bumblebee from 'Transformers,' in particular, is an eye-catching Tongshifu collaboration with an internationally renowned IP. Using the high-temperature coloring technology for copper materials, it restores the mechanical texture and heroic fighting posture of the movie character, winning thumbs-up from numerous audiences. These exquisitely crafted, vivid, and well-balanced artworks not only carry forward the time-honored inheritance of Chinese copper art but also convey the vitality of modern innovation. Behind the stunning debut of Tongshifu at the fair lies the unremitting efforts of Jiande, where its headquarters is located, in painstakingly forging and cultivating cultural enterprises over the years, which have breathed new life into local traditional culture. Founded in 2014, Tongshifu faced many problems, such as a shortage of funds, in the initial stage of its business. Keenly aware of the start-up's problem and potential, the local government of Jiande took the initiative to assist the enterprise in applying for specific supportive funds totaling over 4 million yuan, a timely boost to the development of the start-up. Meanwhile, Jiande has attached great importance to highlighting cultural inheritance, which is the soul of Tongshifu's success. In 2020, Jiande conducted in-depth visits to Tongshifu to explore the value of the traditional techniques behind it, and helped the lost-wax copper casting technique of Tongshifu to be recognized as a local intangible cultural heritage. In 2024, the lost-wax copper casting intangible cultural heritage workshop was selected as the second batch of provincial-level projects in Zhejiang. This has not only continuously enhanced the brand cultural connotation of the enterprise but also attracted broader attention to this ancient technique. The ability of Tongshifu to reach the global stage of the Florence International Handicraft Fair benefits from the charm of the intangible cultural heritage behind it, as well as the accumulation and breakthrough of its design aesthetics, technological innovation, and cultural integration capabilities. As early as 2021, Jiande held a cultural and creative design competition, encouraging enterprises to showcase the development of the times with traditional techniques. Jiande is known for hosting the Xin'anjiang Hydropower Station, China's first large-scale hydropower station. The local government collaborated with Tongshifu to develop a copper relief painting of the hydropower station, setting a successful example of modern expressions of traditional culture. Today, thanks to continuous launches of new artworks with both artistic and collection value, Tongshifu has become a well-known brand with annual sales of hundreds of millions of yuan and 5 million fans. The lost-wax copper casting technique has a complex process and high costs, with each artwork requiring an independent wax mold, and the production process taking 30 to 45 days. In fact, for an enterprise like Tongshifu to shine on the world stage, it relies not only on the inheritance of culture, technological breakthroughs, and expressions of the times but also on the patient, meticulous, and dedicated cultivation and support of the local government. Hashtag: #FlorenceInternationalHandicraftFair The issuer is solely responsible for the content of this announcement.
