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Bailador (ASX:BTI) share price jumps 12% on Straker update // Motley Fool Australia
The Bailador Technology Investments Ltd (ASX: BTI) share price shot up this morning, climbing 12.38% to $1.18 before falling back to $1.12 at the time of writing. This came after the company released an update about its investment in Straker Translations Ltd (ASX: STG).
What did Bailador announce?
Bailador updated the market on the flow-on effect of Straker’s agreement yesterday to become a strategic translations service provider for global tech giant IBM (NYSE: IBM). The deal with IBM resulted in a significant increase in the Straker share price.
According to Bailador, the value of its investment in Straker has increased in value by 61% since its last valuation on 31 October 2020. This has boosted Bailador’s net tangible…
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