Adobe defends 'transformative' deal to buy collaborative design start-up Figma for $20bn in record-breaking acquisition as investors balk
TECHNOLOGY POWERING BUSINESS
News Merger and acquisition
No Concessions From Microsoft, Amid Activision Purchase Concern
Microsoft tells UK's CMA it will not offer any 'undertakings' to resolve regulator's competition concerns, prompting start of indepth probe
Twitter Shareholders Approve Musk’s $44bn Takeover
Bit of a moot point? Twitter shareholder vote overwhelmingly in favour of Elon Musk's $44 billion takeover deal
Twitter Says Latest Musk Termination Attempt ‘Wrongful’
Twitter says latest notice by Elon Musk to terminate buyout agreement is 'invalid and wrongful' as whistleblower testifies before Congress
Alphabet Life Sciences Unit Verily Gets $1bn Investment
Verily Life Sciences raises $1bn in investment round led by parent Alphabet as it seeks to compete with tech giants in health sector
Twitter Agreed To Pay Whistleblower $7m – Report
Settlement for $7 million between Twitter and Peiter “Mudge” Zatko was made days before former security boss filed his whistleblower complaint
UK Again Delays Chinese Purchase Of Newport Wafer Fab
More delays to the national security probe into the acquisition of Newport Wafer Fab by a Chinese owned entity
UK Watchdog Deepens Probe Into Microsoft’s $69bn Activision Purchase
British Antitrust watchdog, the CMA, is concerned Microsoft's purchase of gaming giant could “substantially lessen competition”
Elon Musk Seeks Court Delay After Twitter Whistleblower Claims
Legal team of Elon Musk seeks to delay October trial until November, in light of whistleblower claims of serious vulnerabilities at Twitter
Amazon Shuts Down Amazon Care In ‘Strategic’ Healthcare Move
Amazon's move to shut down health service Amazon Care seen as strategic move as it refocuses its efforts following acquisition of One Medical, analysts say
Tech Investors Mull Newport Wafer Fab Rescue Bid – Report
Amid a national security review, British chip executives are reportedly preparing a rescue bid for Welsh chip firm Newport Wafer Fab
Twitter Ordered To Hand Over Data To Elon Musk
'Absurdly broad' requests by Elon Musk mostly rejected by judge, but Twitter does have to hand over audit data from 9,000 users
French Billionaire Allowed To Retain BT Stake After Security Review
No further action to be taken, after government's national security review of Patrick Drahi's increased stake in BT Group
Elon Musk Subpoenas Former Twitter CEO Jack Dorsey
Legal team of Elon Musk subpoenaes former Twitter CEO Jack Dorsey, for upcoming courtroom fight against Twitter's board of directors
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 country, owned in part by the government
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', says leading expert
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
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
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 to purchase the platform
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 to replicate success in France and Brazil
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 as Alexa, Ring doorbells
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 the workforce
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
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 his $44bn deal
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 on deal
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
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 security overwatch
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 rein in power of big tech
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 Musk to complete takeover
UK Blocks China Licensing Sensor Tech From Manchester University
Chinese firm blocked from licensing British vision technology developed by Manchester University, under national security grounds