Philippines-listed Globe buys back 51% of content developer Yondu for $9.6m

Philippines-listed Globe buys back 51% of content developer Yondu for $9.6m

A trader takes orders on a telephone at the Philippine Stock Exchange. Source: Reuters

Philippines-listed telecom giant Globe Telecom Incorporated on Wednesday announced that it is acquiring back 51 per cent of mobile content developer Yondu for 501.2 million pesos ($9.6 million) from Xurpas Inc.

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