The deal is likely to go ahead as the deadline for exclusive talks comes to an end, say analysts.
Earnings could be halved in the financial year to July, it says.
Earnings gains could be up to 5% higher, says the networking company.
In this World Wide Wrap: Recession spurs banking tech, mobile banking uptake remains modest, and banks urged to adopt facial biometrics.
LG Premium Service Centre Launch
LG South Africa has launched its premium service centre in Midrand, Johannesburg. The centre aims to make it easy for LG customers to get their LG appliances fixed directly with LG.
In this World Wide Wrap: Contract management sees upturn, best practices for contract compliance, and CIMdata releases PLM product reviews.
In this World Wide Wrap: T-Mobile builds digital network, Canadians cut off from digital TV, and Australia creates broadcasting group.
In this World Wide Wrap: Zend, IBM and MS unveil OSS cloud, Red Hat revenue up, and MS WebsiteSpark tries OSS.
TymeBank announces Retail Capital buyout
TymeBank has reached an agreement with Retail Capital and its shareholders to acquire 100% of the fintech SME funder’s shares, subject to regulatory approval. #newsvideo #TymeBank #Itinbanking
The listed company wants to focus on its expertises in the retail sector.
The company may discontinue a software unit that has not been well received in the market.
In today's technology roundup: Twitter valued at $1bn, recession shifts cyber-crime tactics, Google turns IE into Chrome, and Intel builds TV that watches you.
Top business technology headlines 20 - 26 February 2022
A summary of the top business technology stories shared by ITWeb between 20 - 26 February 2022. Visit www.itweb.co.za for more news. #ITWebCloudDatacentresummit2022 #newsvideo #Fraudcases
Teboho Nkabinde, from Clubview Secondary School, achieved a distinction in the competition.
The system was a key tool in spotting employees with external businesses, in contravention of policy.
The company is looking forward to the new year and says the worst is behind it.