1.KKR :-Box Inc said on Thursday private equity giant KKR & Co Inc would lead a $500 million investment in the company and get a board seat, marking an end to the cloud services provider’s strategic review. The KKR-led investment will be executed through convertible preferred stock and comes...
1.FACEBOOK :-The Federal Trade Commission and a big group of U.S. states asked a federal court on Wednesday to deny Facebook Inc)’s request to dismiss major antitrust lawsuits filed against the social media giant in December. The FTC, in its filing, said Facebook bought the photo-sharing app Instagram because...
1.BYTE DANCE –An Indian court on Tuesday dealt a blow to China’s ByteDance by dismissing its plea to unblock its bank accounts which have been frozen by federal authorities investigating alleged tax evasion. An Indian tax intelligence agency in mid-March ordered HSBC and Citibank in Mumbai to freeze accounts...
1.AMAZON – Amazon.com Inc has apologized to U.S. Representative Mark Pocan, admitting to scoring an “own goal” in its initial denial of his suggestion that its drivers were sometimes forced to urinate in bottles during their delivery rounds. “We know that drivers can and do have trouble finding restrooms...
1.GOOGLE – Microsoft Corp on Wednesday said it has won a deal to sell the U.S. Army augmented reality headsets based on its HoloLens product and backed by Azure cloud computing services. The contract could be worth up to $21.88 billion over 10 years, a Microsoft spokesman told Reuters....
1.GOOGLE – Alphabet Inc’s Google has reached licensing deals with over 600 news outlets around the world and is seeing a “huge increase” in users requesting more content from specific publications as part of a new program, it said on Wednesday. The update comes as big internet service providers...
1. GOOGLE -Alphabet Inc’s Google has sealed its first license agreements in Italy with several publishers to offer access to some of their content on the U.S. tech group’s Showcase news platform. Google News Showcase is a global product to pay news publishers for their content online and a...
1.GOOGLE -Google’s plan to block a popular web tracking tool called “cookies” is a source of concern for U.S. Justice Department investigators who have been asking advertising industry executives whether the move by the search giant will hobble its smaller rivals, people familiar with the situation said. Alphabet Inc’s...
1.Morgan Stanley -Morgan Stanley has become the first big U.S. bank to offer its wealth management clients access to bitcoin funds, CNBC reported on Wednesday. In an internal memo, the bank told its financial advisers it would launch access to three funds allowing ownership of bitcoin, CNBC reported, citing...
1.TIK TOK -Video-sharing platform TikTok may launch a group messaging feature this year, people with knowledge of the discussions told Reuters, putting the Chinese-owned app in more direct competition with social media rivals such as Facebook. Group messaging is part of owner ByteDance’s plan to develop TikTok into more...