Twitter boss Elon Musk says he will eventually find new leader for Twitter, as former CEO Jack Dorsey rules out return
TECHNOLOGY POWERING BUSINESS
News Merger and acquisition
UK Government Blocks Newport Wafer Fab Acquisition, Citing National Security
Dutch chipmaker Nexperia (owned by a Chinese firm) is ordered to sell majority stake in Newport Wafer Fab on national security grounds
Elon Musk Demands Twitter Staff Agree To Long Hours In ‘Hardcore’ Email
Twitter staff ordered in Musk ultimatum email to choose to work “long hours at high intensity” or leave. They have until Thursday to decide
Elon Musk Fires Majority Of Twitter’s External Contractors
More firings. Elon Musk reportedly axes 4,400 of 5,500 external contractors that worked on Twitter's content moderation
FTC Closely Watching Developments At Twitter, As More Resign
Elon Musk raises possibility of bankruptcy at Twitter, as entire privacy and compliance team resigns prompting FTC warning
More Twitter Departures As Security Boss Resigns
Exodus at Twitter continues, after security chief Lea Kissner confirms resignation from the microblogging platform
President Biden Says Elon Musk Relationships With Other Countries ‘Worth Looking Into’
National security threat? President Biden says Elon Musk's relationships with other countries “is worthy of being looked at”
Crypto Market Rocked As Binance Drops FTX Rescue Deal
Cryptocurrency prices plunge after crypto exchange platform Binance withdraws from purchase of its failing rival FTX Trading
EU Follows UK, Begins Deeper Probe Of Microsoft Activision Deal
Europe's deeper investigation of Microsoft's Activision purchase begins, months after UK began its phase 2 probe in September
Germany To Block Chinese Takeover Of ERS Electronic – Report
National security. Berlin is reportedly preparing to block a second German chip firm from falling into the hands of a Chinese owner
Germany Favours Blocking China Takeover Of Elmos’ Chip Production
National security concerns. German government looks set to block Chinese takeover of Dortmund-based company Elmos
Toshiba Receives $15bn Buy Out Bid – Report
Consortium led by Japan Industrial Partners submits bid to purchase Toshiba for $15bn, but reportedly has no banking approval for full price
Mastodon User Base Doubles Amidst Twitter Uncertainty
Decentralised social network Mastodon Social sees user base double in two weeks as Elon Musk Twitter takeover raises questions for future
Elon Musk Begins Mass Lay-Offs At Twitter
Mass layoffs begin Friday morning, amid speculation Elon Musk will axe at least half of platform's 7,000 strong workforce
Elon Musk Dissolves Twitter’s Board Of Directors
Call me Chairman Musk. Tesla CEO becomes the sole director of Twitter after he dissolves its board of directors
No Microsoft Concessions To EU Over Activision Deal
Software giant continues to play hardball with European regulators investigating its $69 billion purchase of gaming giant Activision
Musk Denies Cutting Twitter Jobs To Avoid Payouts
Elon Musk denies timing job cuts to avoid making end-of-year stock grant payouts to Twitter staff as he takes control of company
Elon Musk Owns Twitter, Pledges It Won’t Become ‘Free-for-all Hellscape’
CEO Parag Agrawal and finance chief Ned Segal escorted out of Twitter HQ, after Elon Musk concludes acrimonious acquisition and gains control
Elon Musk Enters Twitter HQ Carrying Sink, As Deal Deadline Nears
Ahead of Friday's deadline, Elon Musk visits Twitter HQ carrying sink – reportedly tells staff he doesn't plan to axe 75 percent of jobs
UK’s Final Decision Orders Meta To Sell Giphy
Facebook owner Meta is ordered by the CMA to sell Giphy - first time the British regulator blocks acquisition by a Silicon Valley tech giant
Kayne West To Acquire Right-Wing Parler App
Parler social networking app, favoured by the right-wing in the US, is to be acquired by controversial rapper Ye (Kanye West)
UK To Probe Viasat’s Inmarsat Acquisition
In-depth phase two investigation of Viasat's Inmarsat deal officially confirmed by UK regulator, after finding competition concerns last week
Elon Musk Under Federal Investigation, Says Twitter
US federal authorities are allegedly investigating the “conduct” of Elon Musk during his on, off, on again acquisition of Twitter
Sony Influenced UK Activision Blizzard Probe, Says Microsoft
Microsoft fires back at its gaming rival Sony, alleging its objections were used by UK's regulator to justify phase 2 probe
UK Flags Concern Over Viasat Purchase Of Inmarsat
British competition regulator, the CMA, to deepen investigation, after finding merger could lead to higher Wi-Fi prices for airlines
Judge Delays Trial, As Musk Says Twitter Won’t Take Yes For Answer
Elon Musk says Twitter won't take yes for answer, as judge rules he must complete acquisition by 28 October to avoid a trial
Elon Musk Halts Fight, Agrees To Buy Twitter At Original Asking Price
Huge u-turn by Elon Musk less than a fortnight before his courtroom showdown, after now agreeing to buy Twitter at previously agreed price
Government Again Delays Decision On Newport Wafer Fab
Another delay to the government making a decision whether to allow a Chinese entity to acquire UK's largest chip factory
Vodafone Confirms Merger Talks With Three UK
Potential merger between the UK's third and fourth largest mobile networks will likely face intense regulatory scrutiny
Aveva Investors To Reject ‘Opportunistic’ Schneider Takeover Bid
Two major investors in Cambridge-based Aveva say they will vote against £9.5bn Schneider offer, saying it underrates long-term value