The $10 billion deal could be announced later today. On Thursday, sources familiar with the matter at hand stated, Broadcom Inc is in advanced talks to acquire Symantec Corp’s enterprise business. Sources have cautioned that it is possible that a deal may be reached by the time Symantec announces its earnings. Negotiations could also last…
13,000 schools and university accounts have been exposed by the breach. On Thursday, Pearson Plc, a British education company stated, it has notified customers of a massive data breach which resulted in unauthorized access to about 13,000 school and university accounts, mostly confined to the United States. The data breach exposed the first names, last…
It would appear that Paige Thompson wanted to get caught: she posted extract of the data that she hacked on GitHub, a publicly available coding platform. In a significant development, Capital One Financial Corp disclosed that a hacker, who has been arrested, had managed to obtain the personal information, including names and addresses, of around…
Complicating the negotiations is the fact that a July 19 deadline that was set by CFIUS has lapsed. Further, the U.S. government has also joined in as a trustee to oversee the sale. In a significant development, according to sources familiar with the matter at hand, following a U.S. national security panel asking Pamplona Capital…
While the settlement resolves a major regulatory overhead for Facebook, the embattled social media giant still faces potential antitrust probes from the FTC and Justice Department. On Wednesday, in a significant development, the Federal Trade Commission stated, Facebook Inc has agreed to pay $5 billion as part of a sweeping settlement to create a board…
Given bi-partisan concerns over the market power of these major digital technology companies, which include Google, Amazon, Facebook and Apple, their potential downsizing is very much a possibility. In a significant development that marks the latest sign of the Trump government stepping up is scrutiny over big tech firms, the U.S. Justice Department disclosed that…
This interesting turn of events is likely to set a legal precedent especially in critical areas of core IT infrastructure such as 5G. In a significant development, the U.S. Justice Department has asked a federal appeals court to pause the enforcement of a sweeping antitrust ruling against Qualcomm Inc citing support from the Department of…
The layoffs are expected to be in the hundreds and is likely to effect those in research positions in the company.
According to the U.S. Commerce Department, general merchandise with no “national security influences or consequences” can be sold to Huawei, which continues to remain in the Entity List. In a significant development, the U.S. Commerce Secretary Wilbur Ross stated, the U.S. government will issue licenses to companies seeking to sell goods to China’s Huawei where…
This is likely to pave the way for traditional investors to hold more digital asset securities. In a significant development, midst enquiries requesting clarity on holding digital assets with regard to federal securities law, the U.S. Securities and Exchange Commission (SEC) has issued a notice on broker-dealer custody of digital asset securities. As per the…
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