Given the sensitive nature of the technologies involved at both companies, bankers expect intense antitrust scrutiny by U.S authorities. According to sources familiar with the matter at hand, New York-based private equity firm Veritas Capital is exploring the divestiture of two of its high-tech portfolio companies which have a combined worth of around $3 billion.…
The move marks is part of a wave of consolidation taking place in the sector, as it strives to take on larger players. As per sources familiar with the matter at hand, New York-based Fusion Telecommunications International Inc, which has a market capitalization of $27.8 million is set to acquire the cloud and business services…
The very existence of cash seems jeopardized in the world. Each country, at its own pace, has its opponents to hard currency and would like to see it go away for good. While some countries are just toying with the idea, others have already gone to great length to root out what they see as…
The music streaming giant’s IPO is scheduled to hit the market either late this year or in early 2018. Ahead of its U.S. stock market listing, in a significant development Spotify has disclosed that it has renewed its global licensing partnership with Warner Music Inc. The development marks its last big music royalty deal ahead…
The development marks the birth of a green, cost effective long-haul trucking industry. Next month, Tesla Inc is set to unveil a big-rig electric truck which will have a mile range of 200 to 300 miles. The development is a sign that Tesla is eyeing the commercial freight market as it aggressively ramps up the…
The U.S. groceries market is likely to heat up further. In what is likely to be a milestone for Amazon.com, the world’s largest online retailer has managed to get an approval from the U.S. Federal Trade Commission for its planned $13.7 billion acquisition of Whole Foods Market Inc. In its statement, the FTC said it…
While the sales of its flagship Galaxy S8 was brisks, the launch of the Note 8 comes at a time when consumers are expecting the launch of the iPhone 8, Apple’s 10th anniversary phone. Expectations are skyhigh, hope Apple doesn’t disappoint. With the world’s largest smartphone maker by market share launching its new Galaxy Note…
In 2018, it will capitalize on this further by enabling voice Google powered shopping across its 4,700 brick and mortar stores. In a development that marks the opening of a second front on Wal-Mart Stores assault on Amazon.com Inc, the company is teaming up with Google to enter the nascent voice-shopping market that is at…
The bidding for the sale is set to begin from September with expected proceeds in the range of hundreds of millions. A Japanese business daily has reported, Fujitsu Ltd is looking at options to divest its mobile operations in the face of fierce competition from bigger rivals. Last February, Fujitsu spun off its mobile phone…
The strategic shift to harness social media in delivering news has attracted younger viewers who watch it at least thrice a week. In a significant development that underscores a potential strategic shift in CNN’s approach to delivering news, on Monday it began streaming “The Update”, a daily show on Snapchat. Each episodes features at least…
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