According to a report from VentureBeat, Discord Inc is exploring a sale that could value it at more than $10 billion. San Francisco-based Discord is in final negotiations with one party, said the report. The company does not comment on rumors or speculation, said Discord. The coronavirus-induced pandemic has boosted prospects of gaming companies with…
The food delivery company Deliveroo set its market value range of $12 billion which could see the company making the biggest stock market debut in the United Kingdom since the public listing of commodities giant Glencore almost a decade ago. This Initial Public Offerings (IPO) is of significant importance for the British government and it…
On Monday, Foxconn’s shares surged by 3.6% following a statement from Vietnamese conglomerate Vingroup saying its car unit was in early stage talks with the company to collaborate on the development of batteries and electric car parts. Foxconn has proposed acquiring EV production lines owned by the unit VinFast.
In a statement NASA said, it had signed an agreement with SpaceX aimed at avoiding collisions between their respective satellites. The agreement will enhance data sharing between NASA and SpaceX’s Starlink, a space internet venture, to ensure both parties are fully aware of the exact location of spacecraft and debris in orbit. “With commercial companies…
Alphabet Inc’s Google is set to invest $7 billion in data centers and offices across the U.S. in 2021, down from $10 billion last year; the move will create 10,000 new full-time jobs as it takes on a pandemic-driven surge in internet traffic. The move will see the tech giant expand its data centers in…
In a statement Facebook Inc said, it is developing a wristband that would be able to control its augmented reality (AR) glasses that are scheduled to be launched later this year. Those wearing the band would be able to interact with the virtual world when they move their finger, said the company in a blog…
On Thursday, Finnish telecom equipment giant Nokia said, it sees its comparable operating margin growing to 10-13% in 2023. Nokia made the statement ahead of presentations to investors later in the day that it expected to grow faster than the market in 2023.
In a statement Finnish telecoms giant Nokia said it plans on trimming up to 10,000 jobs within the next two years. The cost cutting move is aimed at boosting its research capabilities. In a statement Nokia said, it expects to incur around 600 million euros to 700 million euros in restructuring and associated charges by…
In a significant development, SoftBank Corp-owned Japanese messaging app Line allowed Chinese engineers at a Shanghai affiliate to access data on Japanese users without gaining their consent, reported Japanese media on Wednesday. “There hasn’t been anything that breached legal or regulatory boundaries,” said Line’s spokesman. “We always put ourselves to a standard were we want…
On Tuesday, in a statement NTT Finance said, it aims to establish an investment vehicle which will invest in Israeli tech startups from venture firm OurCrowd’s portfolio. NTT Finance is a subsidiary of NTT Group, which is also known as Nippon Telegraph and Telephone. It said it will commit $15 million into OurCrowd’s portfolio through…
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