In a statement Veoneer Inc said, it would start acquisitions negotiations with chipmaker Qualcomm Inc after its offer for the Swedish auto parts maker topped a rival bid by Magna International Inc. Qualcomm’s offer could “reasonably be expected to result in a ‘Superior Proposal’, as defined under the terms of Veoneer’s merger agreement with Magna,”…
Amazon.com Inc got a major victory in India’s top court in relation to a dispute wherein the e-commerce giant sought to prevent its partner Future Group from selling $3.4 billion in assets to Amazon’s rival Reliance Industries. According to analysts, this latest tussle that also involves two of the richest individuals of the world –…
On Friday, in a statement South Korea’s SK Group said, it will invest up to $100 million in the fintech unit of AirAsia Group Bhd. BigPay, a unit of AirAsia’s digital arm, offers a prepaid debit card, local and international money transfers, micro-insurance, bill payments and a budgeting tool. “Our ambition has always been to establish…
In a statement the U.S. Federal Trade Commission said, Facebook Inc made “misleading claims” to explain why it had disabled the accounts of researchers studying political ads on its social media platform. Earlier this week on Tuesday, Facebook cut off the personal accounts and access of the New York University researchers citing users’ privacy concerns.…
The second quarter results of Adidas were significantly impacted by a boycott of Western brands by Chinese consumers, the company reported while also reporting hit to the quarter’s business because of closure of factories in major supplier Vietnam due to a fresh outbreak of Covid-19 infections. Despite this, its forecast for the entire year with…
According to sources familiar with the matter at hand, Ericsson has won a 3% share in a joint 5G radio contract from China Telecom and China Unicom. Tender documents published by these Chine companies show, Nokia, which was expected to grab Ericsson’s market share in China, did not receive any share. The tender document doesn’t disclose percentage wins,…
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