- The ASX200 is trading 0.37% higher today at 7442.70 after lunch.
- PlaySide Studios soars 16% on record Q1 results released today.
- Telstra partners with Aus. Govt. to acquire Digicel for US$1.6bn.
The Australian market is trading 0.37% higher today at 7442.70 as a surge in energy stocks boosts the key index, and all sectors, besides tech and industrials, stocks trade in positive territory.
The tech sector is trading just under 1% lower today as Nearmap tumbles 3.57% while Afterpay is trading 2.36% lower.
Bitcoin is trading 1.18% higher over the last 24-hours at US$61,681.67 at 1:30pm AEDT.
Video game developer PlaySide Studios is soaring 16% today after releasing record first quarter results. For the period, PlaySide Studios reported record revenue of $4.04m, signed a strategic partnership with London-listed, award winning publisher Team17 to publish PlaySides? game Age of Darkness: Final Stand, successfully acquired the ?Dumb Ways to Die? franchise for $2.25m and finished the quarter with a cash position of $9.33m.
Making headlines, Telstra is rallying today after announcing it is set to acquire South Pacific telco Digicel for US$1.6bn in partnership with the Australian Government. Under the deal, the Australian Government will contribute US$1.33bn through Export Finance Australia, while Telstra will pay US$270m. Digicel is the number one telco in all markets within the South Pacific region aside from Fiji where it is number two.
And a robot cat named Bella has been introduced to deliver meals in a Detroit Noodle restaurant, even saying ?Here I am? when arriving at tables and purrs if customers pat the robot behind its ears.