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Tag Archives: billion

Work begins on $12 billion gas project in Vietnam

State giant PetroVietnam began work Sunday on a US$ 12 billion project to drill for gas and build infrastructure to supply the gas to several power plants in the Mekong Delta. More than half of the amount will be spent developing a gas field around 300 kilometers off Phu Quoc ...

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Spotify Expected to Sign $1 Billion Financing Deal

Spotify is about to close on a $ 1 billion deal that would double the amount of financing the music-streaming company has raised since its founding a decade ago, people briefed on the matter said Tuesday. The money comes in the form of convertible debt, which allows Spotify’s investors to ...

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Sherwin-Williams to Buy Valspar for $9.3 Billion

Sherwin-Williams’s famous logo shows a can of red paint pouring over a globe with the slogan “Cover the Earth.” On Sunday, the paint maker took a step toward that goal by buying a big rival, Valspar, for $ 9.3 billion. If completed, the deal would create a new paint giant ...

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