Enterprise

Amazon’s $1.7bn iRobot Acquisition Triggers UK Antitrust Inquiry

UK's antitrust regulator begins investigation of Amazon's proposed smart home acquisition of Roomba maker iRobot

2 years ago

Foreign Cash Flows Into China On Alibaba Breakup Plan

Foreign investment in China surges after Alibaba announces breakup plan, as investors see sign of more business-friendly attitude from Beijing

2 years ago

Virgin Orbit Files For Bankruptcy In US

Sir Richard Branson satellite launch firm Virgin Orbit files for bankruptcy in US after failing to secure funding, 18 months…

2 years ago

Paris To Ban E-Scooters After Referendum

Paris to ban e-scooters after voter poll, but providers criticise vote in which only 4 percent of residents took part

2 years ago

Virgin Orbit Lays Off 85 Percent Of Staff

Nearly 700 jobs to go at Sir Richard Branson’s rocket company Virgin Orbit Holdings, amid reports it will cease operations

2 years ago

Broadcom’s $61bn VMware Deal Faces Phase 2 CMA Probe

Decision by Broadcom not to offer the UK watchdog remedies to its Phase 1 concerns, triggers in-depth Phase 2 investigation

2 years ago

South Korea, US Seek Do Kwon Extradition

Who has first dibs? South Korea and the United States have both requested the extradition of Terra co-founder Do Kwon

2 years ago

Apple Launches Buy Now, Pay Later Service For US

Fintech move for Apple after it launches service to allow consumers in the US to pay for purchases over time

2 years ago

Sam Bankman-Fried Charged With Bribing Chinese Officials

New US indictment alleges FTX's Sam Bankman-Fried paid over $40 million to bribe at least one official in China

2 years ago

Investors Pull $1.6 Billion After US CFTC Charged Binance

Over a $1 billion withdrawn from biggest crypto exchange Binance, after regulators allege violation of US financial laws

2 years ago

Alibaba Group To Split In Major Restructure

Alibaba Group to split into six independent unit in major restructure following years of intense pressure from regulators

2 years ago

Terra Co-Founder Do Kwon Arrested In Montenegro

Interpol confirms Do Kwon arrested after six months on the run, after spectacular demise of TerraUSD cryptocurrency

2 years ago

FTX Agrees Deal To Recover $400m From Hedge Fund

New management of failed crypto exchange FTX announce deal to recover more $400 million from a Bahamas-based hedge fund

2 years ago

SEC Charges Celebrities Over Cryptocurrency Endorsements

Lindsay Lohan, Jake Paul and other celebrities charged by the US financial watchdog over cryptocurrency endorsements

2 years ago

UK Watchdog Rules Against Broadcom’s $61bn VMware Buy

CMA's Phase 1 investigation of Broadcom’s proposed acquisition of VMware, concludes deal could lead to less innovation and drive up…

2 years ago

Virgin Orbit Nears Deal For Emergency Funding, After UK Launch Failure

Days after Virgin Orbit halted operations and furloughed staff, comes a report it is close to securing emergency funding

2 years ago

Court Dismisses Gamers Lawsuit Over Microsoft Activision Purchase

US federal court dismisses lawsuit from gamers over Microsoft's $69 billion proposed acquisition of Activision Blizzard

2 years ago

Virgin Media O2 In Talks Over £3bn CityFibre Bid – Report

Talks have reportedly begun between Virgin Media O2 and Cityfibre over a possible takeover worth £3 billion

2 years ago

Samsung To Spend $228 Billion On South Korean Chip Plant

South Korean government announces 'world's largest' chip complex near Seoul. Samsung says it will spend $228 billion

2 years ago

Autonomy’s Mike Lynch Fights US Extradition Attempt

Co-founder and former CEO of Autonomy Dr Mike Lynch asks High Court in London to block his extradition to the…

2 years ago

TikTok Mulls Split From Beijing-Based ByteDance – Report

Last ditch move? To ease growing national security concerns, TikTok is reportedly considering seperating from Chinese parent

2 years ago

Vodafone, Three Near Final Merger Agreement – Report

UK merger between Vodafone and Three could be announced this month, as both work to address potential antitrust issues

2 years ago

Cryptocurrencies Rise After US Authorities Rescue SVB Depositors

Cryptocurrencies rise after US authorities intervene to restore confidence in banking sector following collapse of Silicon Valley Bank

2 years ago

Failed Silicon Valley Bank UK Arm Sold To HSBC For £1

Government facilitates sale of UK operations of failed Silicon Valley Bank to HSBC as authorities work to limit fallout of…

2 years ago

Silvergate Bank To Close Down, Amid FTX Aftermath

Silvergate Capital, one of the two main banks for the crypto industry, announced on Wednesday that it will wind down…

2 years ago

Elon Musk Admits “Massive Decline” In Ad Revenue

Elon Musk says Twitter may be cash flow-positive next quarter, which may not surprise observers after all his cost-cutting

2 years ago

Microsoft Tells UK It Will Licence Call Of Duty To Sony For A Decade

Please don't veto the Activision purchase. Microsoft tells UK regulator it will play nicely with rival Sony for at least…

2 years ago

Intel Seeks $5 Billion More In Subsidies For German Chip Plant – Report

Chip giant Intel is reportedly seeking an additional 5 billion euros in subsidies from the German government

2 years ago