Tag Archives: technology
Buffett-backed Nubank to seek IPO valuation of over $55.4 billion – sources
By Anirban Sen and Carolina Mandl BANGALORE/SAO PAULO (Reuters) - Brazilian fintech Nubank is seeking a valuation in its planned U.S. initial public offering exceeding that of the country's top tradit...
Aug 25, 2021
In electric vehicle push, Onsemi to buy GT Advanced Technologies for $415 million
By Stephen Nellis (Reuters) - Onsemi said on Wednesday it would buy GT Advanced Technologies, a manufacturer of a key material used in chips for electric vehicles called silicon carbide, for $415 mill...
Aug 25, 2021
Salesforce beats quarterly revenue estimates on hybrid work demand
(Reuters) -Business software maker Salesforce.com Inc beat Wall Street estimates for quarterly revenue on Wednesday, as the pandemic-led shift to hybrid work fueled demand for its cloud-based software...
Aug 25, 2021
Exclusive-Softbank-backed Getaround in SPAC merger talks -sources
By Krystal Hu (Reuters) - Getaround, a car-sharing startup backed by SoftBank Group Corp, is in talks to go public through a merger with special purpose acquisition company (SPAC) Altitude Acquisition...
Aug 25, 2021
Western Digital in advanced talks to merge with Japan’s Kioxia Holdings – WSJ
(Reuters) - Western Digital Corp is in advanced talks to merge with Japanese semiconductor firm Kioxia Holdings Corp in a deal potentially valued at more than $20 billion, the Wall Street Journal repo...
Aug 25, 2021
Google brings Samsung 5G modem tech to U.S. market with new Pixel phone -sources
By Stephen Nellis and Paresh Dave (Reuters) - Google will tap Samsung Electronics Co Ltd to supply the 5G modem for its next flagship Pixel smart phone, sources familiar with the matter told Reuters, ...
Aug 25, 2021
Binance can’t be supervised properly, says UK financial watchdog
LONDON (Reuters) -The world's biggest crypto exchange Binance is not capable of being supervised properly and poses a significant risk to consumers, Britain's Financial Conduct Authority (FCA) said in...
Aug 25, 2021
Cyber threats top agenda at White House meeting with Big Tech, finance executives
WASHINGTON (Reuters) - The White House will ask Big Tech, the finance industry and key infrastructure companies to do more to tackle the growing cybersecurity threat to the U.S. economy in a meeting w...
Aug 25, 2021
EU extends deadline on Facebook’s Kustomer deal to Jan. 7
BRUSSELS (Reuters) - EU antitrust regulators will decide on Jan. 7 whether to clear Facebook's purchase of U.S. customer service startup Kustomer, a European Commission filing showed on Wednesday, ext...
Aug 25, 2021
Toshiba in talks with four investment firms for strategic ideas -sources
By Makiko Yamazaki and Scott Murdoch TOKYO/HONG KONG (Reuters) -Toshiba Corp is in talks with at least four global private equity firms including KKR & Co Inc and Blackstone Inc to seek their ideas fo...
Aug 25, 2021
