In strongly worded letter, Facebook says the CMA's suggested divestiture of Giphy “is grossly unreasonable and disproportionate”
TECHNOLOGY POWERING BUSINESS
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BT Takeover Speculation Rises After Deutsche Telekom Comments
Comments made by the CEO of Deutsche Telekom, prompts renewed speculation of German telecoms giant intentions towards the UK's BT
Government Orders National Security Review Of Perpetuus Purchase
British Business Secretary orders national security review of potential acquisition of Welsh graphene maker Perpetuus Group
Apple Acquires Classic Music Service Primephonic
Amsterdam-based Primephonic is acquired by tech giant Apple, as the iPhone maker seeks to expand its classical music offering
Toshiba Consults With Private Equity Firms Over ‘Strategic Ideas’
Where do we go from here? Japanese conglomerate Toshiba is in talks with at least four private equity firms for strategy ideas
Nvidia’s ARM Purchase Raises ‘Significant Competition Concerns’ – CMA
UK competition watchdog says there are “significant competition concerns” with the deal, as Nvidia could restrict access to ARM IP
T-Mobile Confirms Data Breach Of ‘Some Data’
US mobile operator T-Mobile confirms “unauthorised access” to its systems after customer data appeared for sale on forum
UK Regulator Finds Facebook’s Purchase Of Giphy ‘Harms Competition’
Competition and Markets Authority provisionally finds Facebook’s merger with Giphy will harm competition on social platforms
Nvidia Acquisition Of ARM In Doubt Over Government Concerns – Report
Worrying national security concerns for the Britsih government may reportedly scupper Nvidia's controversial acquisition of the ARM Holdings
Visa Continues Fintech Push With Currencycloud Acquisition
London-based forex specialist Currencycloud is to be acquired by payment giant Visa, in a deal worth £700 million ($963m)
Microsoft Adds Another Security Acquisition With CloudKnox
CloudKnox is being acquired by software giant Microsoft, to equip it with unified privileged access and cloud entitlement management
Newport Wafer Fab Sold To China, Has UK Government Defence Contracts
Newport Wafer Fab has over a dozen UK government research contracts, including a defence contract, despite being sold to Chinese-owned Nexperia
Microsoft To Acquire RiskIQ To Bolster Cybersecurity
Redmond confirms it is acquiring cybersecurity specialist RiskIQ, in order to help orgnisations cope with today's raised cyber threat
PM Orders Review Of Chinese Acquisition Of Newport Wafer Fab
Acquisition of UK’s largest largest chip producer by a Chinese owned firm has prompted Prime Minister Boris Johnson to order a review
French Telecoms Giant Altice Acquires Stake In BT
France's second largest telecoms firm Altice purchases 12 percent stake in British carrier BT, but denies takeover intentions
Amazon Buys James Bond Studio MGM For $8.5bn
Significant development in the streaming war, as Amazon purchases veteran film studio MGM for $8.45 billion
Toyota Buys Lyft’s Autonomous Car Unit for $550m
Japanese car maker Toyota acquires the autonomous vehicle division of ride-hailing firm Lyft, after four years of development
Government Intervenes In ARM Sale To Nvidia, Citing National Security
UK's digital secretary issues 'public interest intervention notice' over £29bn ARM sale, citing national security implications
Is Microsoft About To Buy Discord?
Reports surface that Microsoft is considering a possible $10 billion purchase of messaging and communication service Discord
Google, Microsoft, Qualcomm Object To Nvidia Acquisition Of ARM
Growing opposition by big name players in the tech industry to Nvidia's proposed acquisition of ARM, which is also facing multiple investigations
President Biden Halts TikTok Sale To Oracle/Walmart
TikTok's purchase by Oracle and Walmart halted indefinitely, after President Biden orders review of Chinese national security threat
UK Regulator To Probe Uber Purchase Of Autocab
Uber's attempt to purchase British rival Autocab is being officially investigated by the UK Competition and Markets Authority (CMA)
Qualcomm To Acquire Chip Startup NuVia For $1.4 Billion
Chip technology startup created by Apple veterans is snapped by Qualcomm, in what could be strategic move for mobile chip giant
Intel Urged To Consider Strategic Options
Activist shareholder urges Intel to consider its strategic options, and whether it should outsource chip production to third parties
Vodafone Ends Shareholder Tussle Over 2013 Kabel Acquisition
Seven year itch. British mobile operator to buy remaining shares in Kabel for £1.9 billion ($2.6 billion) to halt legal action
Elon Musk Offered Tesla To Apple’s Tim Cook
Tesla boss Elon Musk confirms he once offered to sell the electric car maker to Apple, but CEO Tim Cook refused to meet him
Google Wins EU Approval For Fitbit Deal
Over a year since Google announced it was acquiring fitness device maker in a $2.1bn deal, EU gives its official blessing
Boston Dynamics Sold By SoftBank To Hyundai
Ownership odyssey of robotic dog developer Boston Dynamics, once owned by Google, continues as Hyundai acquires majority stake
Salesforce Acquires Slack For $28 Billion For Workforce Collaboration
As the enterprise world adjusts to remote working, Salesforce pay $27.7 billion to acquire Slack for enhanced workplace collaboration
Huawei Sells Honor Smartphone Unit To Chinese Consortium
Chinese networking giant Huawei sells budget-focused Honor smartphone division to consortium of agents and dealers to keep brand alive