Toshiba is now facing pressures from Apple Inc, which is demanding new terms on supply of chips in return for funding. On Wednesday, SK Hynix Inc stated its board had approved its participation in a Bain Capital-led consortium that plans to purchase Toshiba Corp’s memory chip unit for $17.7 billion (2 trillion yen) . As…
The sale is likely to be a prelude for more such divestures which are aimed at reducing its debt. As per sources familiar with the matter at hand, AT&T Inc is exploring options of its Digital Life home security business, which includes sales, as it looks for ways to lower its debt after its $85.4…
Going by its second quarter results, Yelp is chugging along at a great pace with its second quarter results shooting up by 32% from a year ago. Yelp Inc has disclosed it would be divesting its Eat24 business to Grubhub for $287.5 million in cash. The news along with its better-than-expected quarterly results drove up…
While ICOs are a lightning fast way of sourcing capital for startups, the SEC’s report highlights potential pitfalls citing a very interesting case. Regulators on Wall Street stated that initial coin offerings (ICOs), should be subject to the same stringent safeguards that are in place for the sales of traditional securities. ICOs have become…
The repealing of the safety provisions have given rise to a niche market for smaller broadband service providers such as California-based Sonic which offers free VPN services to its customers. With the U.S. Congress repealing rules that govern how internet service providers can use customer data, there is a renewed interest in virtual private networks…
LeEco’s rapid expansion has cost it dearly. The company is downsizing in all of its key market, including, India, U.S. and China. Chinese company LeEco which wanted to be the next Apple in the tech world is set to tone down its dream with the company deciding to sell its 49 acres property where it…
Be prepared for discounts of upto 50% on digital downloads, which range from e-books, music, games, comics, movies, videos, etc Although many have termed Amazon’s Prime Day as an excuse to clear out slow-moving products, it however, clearly is a huge success. Amazon, the world’s largest internet retailer, is now aiming to repeat that success…
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