Fujifilm seeks to expand its base beyond its traditional photography business. Fujifilm Holdings Corp has disclosed, it aims to spend $4.54 billion (500 billion yen) in strategic acquisitions over the next three years, as it strives to seek growth outside of its photographic film business. The development is strategic since its photographic film business is…
Apple’s familiarity with its hardware and software is likely to give it an edge; in contrast the huge number of hardware and software Android runs on, is likely to be a major challenge for Google in delivering AR without special sensors. With Alphabet Inc’s Google and Apple unveiling tools to create augmented reality apps for…
The coming of age of door-to-door pizza delivery through autonomous self-driving vehicles. Domino’s Pizza and Ford Motor Co have disclosed that their colloboration in delivering pizzas through self-driving car technology is set to be tested in Michigan in September to test consumers’ reactions. Incidentally this is not the first time that companies have toyed with…
Priced at $299.95, the Ionic smartwatch has a host of features with its major selling points being battery charge of at least 4 days, 50 metres water resistant, sleep tracking and GPS. In a strategic step Fitbit Inc launched its newest device, the Ionic smartwatch which not only has fitness tracking but also contactless payment,…
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…
Samsung’s de-facto chief Jay Y. Lee was sentenced to a five-year jail term by a court in South Korea on Friday. He was accused of paying bribes to gain government favors for the conglomerate In order to get support from ousted President Park Geun-hye, the court found Samsung Electronics vice chairman Lee guilty of giving bribes, local news…
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…
