On Monday, computer gaming giant Electronic Arts said, it had agreed to acquire Codemasters for $1.2 billion, trumping an earlier agreement between the British company and rival Take-Two Interactive Software. Under the terms of the agreement, shareholders of Codemasters will receive 604 pence per share, compared with the 485 pence per share Take-Two had offered.
According to sources familiar with the matter at hand, Russian-state backed hackers have been monitoring internal email traffic at the U.S. Commerce and Treasury Departments. The hacks that have so far been uncovered may only be the tip of the iceberg. The gravity of the cyber security can be inferred from the fact that it…
In a statement, SolarWinds, an IT company said, monitoring products that it had released earlier this year in March and in June may have been surreptitiously tampered with in a “highly-sophisticated, targeted and manual supply chain attack by a nation state.” The statement by SolarWinds comes even as the U.S. intelligence community is investigating cyber…
According to a source familiar with the matter at hand, Hyundai Motor Group has agreed to acquire a 80% stake in Boston Dynamics from SoftBank Group in a deal worth around $736 million to $828 million (800 billion to 900 billion won). The development assumes significance since Hyundai can leverage the technology to expand automation…
The impending emergency use authorization of Pfizer’s Covid-19 vaccine in the United States is a major money making ticket for the company and its partner in the vaccine development. Within the next year alone, $32 billion in revenues from sale of Covid-19 vaccines will be generated by Pfizer and Moderna, according to projections by Wall…
An additional grant of $250 million was pledged by the Bill and Melinda Gates Foundation this week for the purpose of supporting the development and distribution of Covid-19 treatments and vaccines that were of low costs and were much easier to distribute and deliver to the common people. This latest contribution to the cause is…
According to sources familiar with the matter at hand, Chinese electric vehicle startup Great Wall Motor plans on launching a new standalone brand for electric and smart vehicles in China, as it tries to pursue growth in this burgeoning segment. Inspired by U.S. technology and auto giant Tesla Inc, several Chinese automakers have announced plans…
The stakes for the United Kingdom have never been as high with days left for it to reach a trade deal with the European Union. But the three sticking points of fishing rights, government aid for companies and how disputes are settled stull threaten to collapse the trade talks. While costs for UK companies would…
In a statement Uber Technologies Inc said, it is selling its autonomous driving unit, Uber Advanced Technologies Group (ATG), to self-driving car startup Aurora; the development underscores Uber Technologies Inc’s drive to accelerate its goal to achieve profitability. According to sources familiar with the matter at hand, the equity deal values ATG at $4 billion,…
Increasing chances of defaults and ultra-low interest rates are the two major headwinds that would be faced by global banks next year, believes Piyush Gupta, the chief executive of Singapore’s largest bank DBS. Gupta said that the economic hit of the novel coronavirus pandemic has been cushioned to a great extent by government support around…
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