Nokia wins second round in legal fight against Daimler on patent licensing fees

In a significant win for Finnish telecommunication equipment maker Nokia, a German court has ruled against Daimler over patent licensing fees with the judge saying the carmaker had not made a serious attempt to resolve the issue with Nokia. The litigation underscores a wider battle with tech companies and carmakers over royalty payments for technologies…

T-Mobile US Inc’s merger with Sprint Corp wins final approval from California’s Public Utilities Commission

Following California’s Public Utilities Commission (CPUC) vote on Thursday, the $23 billion merger of U.S. wireless carriers T-Mobile US Inc with that of Sprint Corp saw the final approval of the deal which closed on April 1. The deal had closed without a final decision from the CPUC, which came through with an unanimous vote.…

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Cybersecurity firm Exabeam acquires Israeli-based cloud application security company SkyFormation for undisclosed amount

The deal has multiple synergies that bode well for Exabeam. Exabeam, a California-based cybersecurity firm stated it has acquired Israeli cloud application security company SkyFormation for an undisclosed amount. The financial details of the acquisition are yet to be disclosed. Exabeam’s first acquisition follows its recent $75 million funding round. The deal will enable Exabeam…

British satellite operator Inmarsat Plc to go private in $3.4 billion deal

Inmarsat Plc top shareholder Lansdowne Partners and the company’s directors consider the terms of the deal to be “fair and reasonable” and expect shareholders to unanimously vote in favor of it. In a significant development, a private equity-led consortium has agreed to acquire Inmarsat Plc for nearly $3.4 billion in cash. In 2018, the British…