Enterprise

Meta Sells Giphy At Huge Loss After CMA Order

Mark Zuckerberg firm takes $260m (£210m) loss selling gif search engine Giphy, after UK ordered its divestment

2 years ago

BT To Cut 55,000 Jobs By 2030

Sign of things to come? BT is cull 55,000 jobs by 2030, and says that a fifth of the roles…

2 years ago

Broadcom Offers Remedies To Ease EU Worries Over VMware Deal

US chipmaker Broadcom offers interoperability remedies to address European antitrust concerns over $61bn VMware deal

2 years ago

Vodafone To Cut 11,000 Jobs, After Strategic Review

New boss of Vodafone loses little time and confirms 11,000 jobs are to go, as the operator seeks to turn…

2 years ago

Sam Altman Start-Up Worldcoin ‘Close To Securing $100m’

Worldcoin, co-founded by OpenAI chief Sam Altman, close to securing $100m in new funding round amidst 'crypto winter'

2 years ago

Kioxia, Western Digital ‘Accelerate’ Merger Talks

Toshiba memory spin-off Kioxia and Western Digital said to accelerate merger talks amidst oversupply, falling demand

2 years ago

UK Further Restricts Microsoft-Activision Buy

UK CMA regulator places further restrictions on Microsoft and Activision to 'prevent pre-emptive action' by companies

2 years ago

UK’s CMA Approves Viasat Inmarsat Merger

UK watchdog greenlights proposed merger of Viasat and Inmarsat, finding there is sufficient competition in the market

2 years ago

US Warns Of Economic Damage If China Invades Taiwan

Chinese invasion of Taiwan would likely shut down chip production, causing huge economic impact for the world, US warns

2 years ago

Apple Depressed Results Beat Expectations, Thanks To iPhone Sales

Profit slides, and revenues decline for second consecutive quarter, but results please investors after surprising iPhone sales

2 years ago

ARM Files For IPO, But Not In London

Softbank's ARM Holdings registers for public listing in the US, in a blow to UK listing hopes and high level…

2 years ago

BlackBerry To Review Strategic Options

Board of directors at BlackBerry to review firm's 'strategic alternatives', including possible separation of some of its businesses

2 years ago

Intel Posts Largest Ever Quarterly Loss, But Shares Rise

Intel posts largest ever quarterly loss in company history, coupled with a 36 percent decline in sales. But share price…

2 years ago

UK Regulator Defends Microsoft Activision Decision, After Angry Response

Microsoft and Activision slam UK decision to block acquisition, but CMA boss says blocking $69 billion deal was “right decision”

2 years ago

Meta Pleases Investors After Sales Rise, As Profits Dive

Plunge in profits at Facebook parent, but Meta pleases Wall Street after sales rose for first time after three quarters…

2 years ago

UK’s CMA Blocks Microsoft’s $69bn Acquisition Of Activision Blizzard

Final decision by UK regulator to block Microsoft's Activision Blizzard acquisition, but Microsoft says it will appeal

2 years ago

Alphabet To Merge AI Units Deepmind And Google Brain

One better than two? Alphabet doubles down on artificial intelligence, by merging two of its key AI divisions

2 years ago

EU Agrees Comprehensive Framework For Crypto Regulation

EU Parliament approves 'Markets in Crypto Act' (MiCA) for regulation of crypto transparency, disclosure, authorisation, and supervision

2 years ago

UK Government To Deliver Crypto Laws In Next 12 Months – Report

Treasury minister says UK could introduce specific laws aimed at regulating cryptocurrency in next 12 months

2 years ago

Netflix Ends DVD By Post, Amid Password-Sharing Crackdown

Mostly positive results from Netflix, as streaming giant winds down legacy DVD via post program and expands password crackdown

2 years ago

Sega Offers £625m For Studio Behind ‘Angry Birds’

Sonic the Hedgehog maker Sega offers 706m euros for Rovio, studio behind pioneering mobile game Angry Birds

2 years ago

Twitter No Longer Exists, As X Corp Takes Over

Elon Musk's Twitter no longer exists as company, after a filing this week shows Twitter has been merged into X…

2 years ago

Elon Musk Axed 80 Percent Of Staff, Admits Painful Tenure

Musk tells BBC Twitter is now roughly breaking even and advertisers are returning, but admits running platform is “quite painful”

2 years ago

TSMC Investment Plans For Taiwan Unchanged – Report

Amid growing concerns about China's intentions for Taiwan, government minister says TSMC local investments remain unchanged

2 years ago

Apple Doubles Investment In Carbon Removal Fund

Investment by Apple of another $200 million in the ‘Restore Fund’, to remove carbon emissions and support sustainable forestry

2 years ago

Sony Lashes Out At CMA’s ‘Irrational’ Reversal Over Microsoft Activision Buy

UK regulator decision to reverse its preliminary judgement against Microsoft's purchase of Activision Blizzard, slammed by Sony

2 years ago

Samsung To Cut Chip Production Amid Profit Decline

Electronics giant Samsung will make “meaningful” cut to chip production, amid global downturn in semiconductor demand

2 years ago