Enterprise

Vodafone To Sell Hungarian Operation For $1.8bn

Vodafone to offload its Hungarian business for $1.8 billion, in a move that will create a telecoms leader in the…

2 years ago

Expert Questions Musk Twitter Bot Figures Amidst Legal Battle

Bot figure given by Elon Musk in legal battle over attempt to pull out of Twitter buy 'doesn't mean anything',…

2 years ago

More People Charged After 2017 Equifax Hack

US financial regulator charges three more people with insider trading concerning Equifax hack, after its former CIO was jailed over…

2 years ago

UK’s CMA Begins Probe Of Viasat Acquisition Of Inmarsat

British competition regulator the CMA, begins phase one investigation of $7.3 billion merger between Inmarsat and Viasat

2 years ago

Elon Musk Wants Staff Names Of Twitter’s Bot Counters

Fight with Twitter, sees Elon Musk's legal team requesting names of those employees who calculate bot or spam account numbers

2 years ago

Meta Raises $10 Billion In Bond Offering

First ever bond offering sees Facebook parent Meta Platforms raise $10 billion, as it seeks to bolster finances, amid heavy…

2 years ago

Elon Musk Sells Tesla Shares Worth $6.9 Billion

Tesla CEO Elon Musk admits he could need the funds if he loses legal showdown with Twitter and is forced…

2 years ago

SoftBank Sells Off Uber Stake, Cuts Vision Fund Staff

Japan's SoftBank sells off Uber stake, plans to cut staff at flagship Vision Fund investing arm as market turmoil leads…

2 years ago

Deezer ‘Set For German Expansion’ After IPO Slump

Deezer to use funds from July IPO in Paris to expand into Germany in partnership with RTL as it seeks…

2 years ago

Dorsey’s Block To Cut Expenditures After Crypto Loss

Jack Dorsey-led Block, formerly Square, to cut hiring and investment target after Bitcoin volatility and slowing consumer demand drives down…

2 years ago

Amazon To Buy Roomba Maker iRobot For $1.7bn

Amazon signs deal to buy Roomba maker iRobot for $1.7bn as it looks to expand on smart home offerings such…

2 years ago

Tinder Ditches Metaverse, Digital Coin Plans As Investors Swipe Left

Tinder parent Match Group suspends plans to develop metaverse-based dating and Tinder Coins after announcing disappointing third-quarter expectations

2 years ago

Italy, Intel Close To $5bn Chip Factory Agreement

Increase In European chip production? Agreement for Intel semiconductor packaging and assembly factory in Italy reportedly nudges closer

2 years ago

Robinhood Axes 23 Percent Of Jobs, Dismisses Talk Of Sale

CEO confirms further job cuts at trading app Robinhood, with another 23 percent of staff set to be culled from…

2 years ago

Bankrupt Celsius Network To Pay CFO $90,000 Per Month – Report

Cash strapped cryptocurrency lender Celsius Network wishes to bring back former CFO Rod Bolger and pay him $92,000 per month

2 years ago

NortonLifeLock, Avast Merger Gains UK Approval

The merger of NortonLifeLock (formerly Symantec) with London-listed Avast raises no competition concerns, the UK's CMA regulator confirms

2 years ago

Twitter Seeks Financial Evidence Against Elon Musk And Subpoenas Banks

Dozens of subpoenas issued by Twitter to a number of banks, to determine if Elon Musk allegedly conspired to scupper…

2 years ago

Alibaba Will ‘Strive’ To Maintain New York Listing

Alibaba says it will 'strive' to maintain its New York Stock Exchange listing after SEC adds it to list of…

2 years ago

SEC Says Alibaba Could Be Delisted In New York

US financial regulator SEC says Chinese tech giant Alibaba at risk of delisting in New York over demand for compliance…

2 years ago

Elon Musk Files Countersuit Against Twitter Over Deal

Delaware judge assigns 17 October start date for fast-tracked five-day trial as Twitter seeks to force Musk to follow through…

2 years ago

Amazon Posts Second Straight Loss After Rivian Stake Writedown

Another tech bellweather financial results show Amazon posting a second quarterly loss in a row, after a hefty reassessment of…

2 years ago

Apple Shrugs Off Economic Gloom, But Profit Slips

No slowdown in demand for iPhones says Apple despite negative macroeconomic indicators, as revenues rise 2 percent beating estimates

2 years ago

FTC Lawsuit To Block Meta Acquisition Of VR Developer Within

American regulator Federal Trade Commission moves to block Facebook parent Meta from acquiring virtual reality fitness app maker Within

2 years ago

Meta Posts First Ever Revenue Decline, Amid Intense Pressures

CEO Mark Zuckerberg warns the economic downturn has arrived, as Meta misses earnings forecast and predicts another decline

2 years ago

Microsoft Q4 Profits From Cloud Growth, But Misses Forecasts

Windows and Xbox declines for Microsoft, which blames economic turmoil as its strong furth quarter earnings misses some analyst forecasts

2 years ago

OneWeb Confirms Merger With Eutelsat

UK government welcomes merger of OneWeb and Eutelsat as positive news for UK taxpayers, and confirms it will retain national…

2 years ago

Amazon Buys Health Care Provider One Medical For $3.9bn

Amazon's deal to purchase One Medical for $3.9 billion a test for US lawmakers and regulators who have vowed to…

2 years ago

Twitter Reports Loss As ‘Uncertainty’ Weighs On Business

Twitter reports $270m loss for three months to June amidst advertising slowdown, as it prepares court battle to force Elon…

2 years ago