TikTok's 'secret source' algorithm is so core to ByteDance, it would rather shut down US operation, multiple sources have indicated
TECHNOLOGY POWERING BUSINESS
News Merger and acquisition
Alphabet Mulls Offer For Marketing Software Firm HubSpot
Amidst antitrust scrutiny, Alphabet reportedly plans on making an offer for HubSpot to bolster CRM and cloud position
CMA Begins Phase 2 Probe Of Vodafone Merger With Three UK
Deadline expired for Vodafone to allay CMA concerns over merger with Three UK. In-depth Phase 2 investigation begins
Vodafone Germany Confirms 2,000 Job Losses, Amid European Restructuring
More downsizing at Vodafone after German operation announces 2,000 jobs will be axed, as automation increases in the future
Trump’s Truth Social Moves Closer To $5bn Merger
Donald Trump social media firm Truth Social moves step closer to public offering via acquisition by shell company as investors approve deal
UK Gives Three, Vodafone Five Days To Avoid In-Depth Merger Probe
CMA concerned the merger would lead to a 'substantial lessening of competition' and result in higher prices for consumers
Vodafone Sells Italian Operation For €8 Billion
Last downsizing move? Vodafone sells off another European unit, namely its Italian operation to Swisscom for €8bn in cash
Former Treasury Secretary Steve Mnuchin Gathers Investors To Buy TikTok – Report
But will China sell? Former US Treasury Secretary claims he is putting together investor group to buy China's TikTok
Elliott Walks Away From Currys Offer
Shares in Currys plunge as US investment firm Elliiott Advisers walks away from making offer after being rejected by board 'multiple times'
UK Approves Newport Wafer Fab Sale To US Vishay Intertechnology
Government approves sale of UK's largest chip-making facility to US firm, after blocking sale to Chinese owned entity
Microsoft Investment In Mistral AI Prompts EU Scrutiny Calls
European lawmakers call for investigation after Microsoft this week made small investment in French startup Mistral AI
President Biden To Plug US Data Transfers To China, Russia Etc
US President issues executive order to protect Americans’ sensitive personal data from being transferred to hostile nation states
BT Tower In London Sold, And Will Become Luxury Hotel
Landmark BT Tower in central London to become a luxury hotel, after it is sold for £275m to US hotel group
China’s JD.com Considers Bid For UK Retailer Currys
Currys may be focus of bidding war after rejected bid by US investment firm Elliott as e-commerce giant JD.com considers offer
Elon Musk Ordered To Testify In SEC Twitter Takeover Probe
SEC doubles down and orders Elon Musk to testify again, for investigation of his $44 billion Twitter purchase
Disney To Take $1.5 Billion Equity Stake In Epic Games
Disney to collaborate with Epic Games on new content, and will sink a $1.5bn investment into the gaming giant
Yandex Parent To Sell Russian Operations
Parent company of major Russian search engine Yandex to divest Russian operations as it refocuses amidst Ukraine conflict
Amazon Abandons $1.4bn iRobot Buy Amidst EU Opposition
Amazon calls off deal to buy iRobot for $1.4bn after EU raises concerns over competition in market for home devices
UK CMA Opens Antitrust Investigation Of Vodafone, Three Merger
Competition and Markets Authority (CMA) begins Phase 1 investigation of Vodafone UK's merger with Three UK
Microsoft Axes 1,900 Staff After Activision Acquisition
Microsoft adds to job gloom after axing 9 percent of its gaming division, after closing the Activision Blizzard acquisition
EU Set To Reject Amazon iRobot Buy
European Union set to reject Amazon takeover of Roomba robot vacuum cleaner maker iRobot after e-commerce giant fails to offer remedies
Hewlett Packard Enterprise To Acquire Juniper Networks For $14 Billion
HPE to acquire Juniper Networks for $14 billion in cash, in a move to bolster its AI networking credentials
EU’s Antitrust Head To Meet Tech CEOs Next Week
Margrethe Vestager to met Tim Cook, Sundar Pichai, Jensen Huang etc to discuss EU digital regulation and competition policy
Controversial Parler Platform Set For 2024 Return
Social media platform Parler says it will return in Q1 2024 under new owners, after its closure back in April this year
Adobe Abandons Figma Buy In Face Of EU, UK Probes
Adobe terminates acquisition of cloud design software maker Figma amidst mounting regulatory challenges in EU, UK
UK Regulator Begins Scrutiny Of Microsoft Partnership With OpenAI
CMA seeks feedback about the relationship between Microsoft and OpenAI, and whether it has antitrust implications
FTC Urges Appeals Court To Reject Microsoft-Activision Merger
Last regulator standing. US FTC tries again to block Microsoft's already closed Activision purchase at Federal Appeals Court
Silicon UK Pulse: Your Tech News Update: Episode 28
Welcome to Silicon UK Pulse – your roundup of the latest tech news and developments impacting your business for the week ending 01/12/2023.
Broadcom To Axe 1,200 Staff After $69 Billion VMware Acquisition
Staff paying the price. A week after closing $61bn purchase of VMware, Broadcom begins laying off VMware employees
CMA Finds $20 Billion Adobe Figma Deal Could Harm UK Digital Design
Provisional finding from the UK antitrust regulator, the CMA, puts Adobe's $20 billion acquisition at risk