Liberty Global Plc and Telefónica SA set to merge UK business in a deal worth $29.57 billion

On Thursday, according to a report from the Financial Times, in a deal worth $29.57 billion (24 billion pounds), the British units of Liberty Global Plc and Telefónica SA will merge with Telefónica SA. Both companies are expected to announce the merger deal on Thursday following five months of negotiations, said the FT’s report citing…

Unpatched Apple’s Safari web browser allows tracking of users browsing behavior

Researchers from Google have discovered multiple security vulnerabilities in Apple Inc’s Safari web browser. These vulnerabilities allow the tracking of users’ browsing behavior, reported the Financial Times. These coding flaws were found in a tool specifically designed to protect privacy and could have allowed third parties to obtain sensitive information about browsing habits of users,…

SoftBank Group invests $400 million in Abu Dhabi’s Mubadala Investment Co

Abu Dhabi’s state-owned Mubadala Investment Co is aiming to invest between $5 million and $30 million in European startups. On Monday, as per a report from the Financial Times, Japan’s SoftBank Group has provided nearly 50% of the cash for the new $400 million fund by Abu Dhabi’s state-owned Mubadala Investment Co. Mubadala Investment Co,…

Uber plans on integrating bus and Tube timetables in its app

The strategic move places Uber in direct competition with venture-capital backed startup Citymapper. On Tuesday, as per a report from the Financial Times which cites source familiar with the matter at hand, Uber Technologies Inc plans on integrating the bus and Tube timetables of Transport for London. The development will place Uber in direct competition…

Nestle under pressure to sell its stake in L’Oreal

Activist hedge fund Third Point, led by investor Daniel Loeb, has been pressurizing Nestle to sell its stake in L’Oreal. On Monday, in a report published by the Financial Times which triggered fresh rounds of speculation, Paul Bulcke, Nestle’s Chairman, stated the company’s stake in French cosmetics firm L’Oreal was “something active on the board’s…