With Multibillion Dollar Live Streaming Market In Sight, Facebook Appoints Eurosport Chief

Facebook is embarking on a multibillion dollar effort to obtain streaming rights for its top-flight live sport and is slated to recruit a senior broadcasting executive to lead the effort. Facebook had become frustrated after it could not secure its $600 million bid for the steaming rights for the Indian Premier League cricket matches and…

Vista Equity Partners Management LLC exploring options for its software companies, PeopleAdmin and PowerSchool in a potential deal worth $2 to $3 billion

Vista Equity Partners Management has hired UBS to explore its options. According to sources familiar with the matter at hand, Vista Equity Partners Management LLC, a private equity firm, is exploring options for two software companies it owns, PeopleAdmin and PowerSchool, which include their merger in a deal worth in the range of $2 billion…

Former IBM employee sentenced to 5 years in prison for stealing source code

U.S. District Judge Kenneth Karas sentenced, Jiaqiang Xu, 32 to prison for the theft of a trade secret and economic espionage. U.S prosecutors disclosed that a former software engineer for IBM, has been sentenced to 5 years in prison following his guilty plea of stealing proprietary source code from the software giant. On Thursday, U.S.…

Coca-Cola Pledges 50% Plastic Recycled Bottled To Fight Plastic Waste

Coca-Cola intends to make plastic waste “a thing of the past” and for this purpose the company would ensure that by 2030, its bottle will be composed of an average of 50 percent recycled plastic only. The soft drink giant has pledged to its expected responsibility to “help solve” the problem of global packaging waste…

Top Four Hot Industries For Startup Entrepreneurs In 2018 Identified By 99designs

In 2018, the hottest emerging industries for startups and entrepreneurs would be cryptocurrency, cannabis, VR and “alternative travel”. This was revealed in a research report prepared by online graphic design marketplace 99designs and was released this week. The conclusion by 99designs was arrived at through a thorough comparison and analysis of the design projects that…