CenturyLink acquires Level 3 Communications for $19.43 billion

The deal will result in higher bandwidth and faster connections for customers of the combined company. CenturyLink Inc., a telecom company, has stated it would acquire Level 3 Communications Inc, in a cash-and-stock deal for equity worth $19.43 billion. It plans on using this acquisition to finance its high-speed data services and expand its fiber…

Verizon acquires video startup- Vessel for its technological knowhow

After the acquisition, which is set to close by the end of this month, Verizon will absorb Vessel’s cliental and shutdown the service. Today, Verizon disclosed that it has acquired Vessel, a startup created by former Hulu CEO Jason Kilar. Vessel is a subscription service which provides short-form videos. Acquired may not be the correct…

Ever wondered what is so smart about a smartwatch?

Fossil seems to have figured that out. The world’s 4th biggest watch manufacturer, responsible for nearly 5% of global timepiece sales, has launched a series of traditional analog watches equipped with an activity tracker, automatic time setting, and vibration notification, ahead of the holiday sales season. In an era of smartwatches, when a company launches…

23andMe rethink their business model and purpose. Stop working on advanced gene sequencing.

Rather than spread itself thin on a wide variety of genetic tests, the company took the more strategic decision to focus on its core existing business. Taking a more pragmatic view, the team at 23andMe has dialed back some of its grandiose plans for DNA analysis. As confirmed by co-founder Anne Wojcicki to BuzzFeed, the company…