Dr Mike Lynch has been cleared of all fraud charges in the US, over $11 billion sale of Autonomy to Hewlett-Packard in 2011
TECHNOLOGY POWERING BUSINESS
News Merger and acquisition
Mike Lynch Defends Himself At HP-Autonomy Trial In US
British founder of Autonomy defends himself in San Francisco federal courthouse against criminal fraud charges
UK Regulator Declines To Investigate Microsoft’s Mistral AI Deal
Weeks after seeking feedback on Microsoft's partnership with Mistral AI, UK regulator says it does not qualify for investigation
Federal Court Orders Elon Musk To Testify In SEC Twitter Takeover Probe
Elon Musk loses bid to avoid court order to force him to testify in SEC probe of his $44 billion Twitter purchase
LastPass Separates From Parent After Security Incidents
New chapter for LastPass as it becomes an independent company to focus on cybersecurity, after troubled past
UK AI Security Firm Darktrace Acquired By Private Equity Group
Thoma Bravo agrees to acquire Darktrace for $5.32 billion in cash, delivering some welcome news for founding investor Dr Mike Lynch
ByteDance Would Rather Shutter TikTok US, Than Sell – Report
TikTok's 'secret source' algorithm is so core to ByteDance, it would rather shut down US operation, multiple sources have indicated
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