Fri, March 29, 2024

Technology

Anaplan

Anaplan inks a $10.7B deal to go private with Thoma Bravo

On Sunday, Anaplan Inc. announced it struck a $10.70 billion deal to go private with Thoma Bravo LP, a leading software investment firm. The agreement is another sign of rising private equity interest in the cloud-based software space. Under the terms of the acquisition, Thoma Bravo will pay $66.00 per share in cash. The figure …

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Vodafone

Infrastructure Funds approach Vodafone’s Vantage Towers

On Friday, reports revealed that global infrastructure funds looked to invest in Vodafone’s $16.00 billion huge company, Vantage Towers. Accordingly, the bidders included investment firms Brookfield and Global Infrastructure Partners (GIP). In recent weeks, they have submitted unsolicited proposals valuing Vantage Towers at a premium to its current valuation. However, the British Telecom giant still …

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Intel

Intel to attend senate hearing on chipmaking case

On March 23, Intel CEO Patrick Gelsinger will testify in the US Senate for the $52.00 billion subsidies for the chip-manufacturing industry. At the same time, executive officials of truckmaker Paccar and data storage maker Micron Technology will attest to the hearing. Accordingly, the court case will look at vulnerabilities in semiconductor supply chains and …

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Northvolt

Northvolt plans to build its third battery gigafactory

On Tuesday, Northwolt announced its plans to develop its third lithium-ion battery plant in Heide, northern Germany. Notably, the Swedish company anticipated the facility to have an annual capacity of 60-gigawatt hours (GWh). It already closed a memorandum of understanding with Schleswig-Holstein state and the Heide region for the development of the factory. In line …

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Meta

Meta tightens content moderation policy for Ukraine

On Monday, Facebook parent Meta Platforms announced further tightening its content moderation policy for Ukraine. Correspondingly, this move aims to prohibit calls for the death of a head of state. This decision came after reports said the firm launched temporary changes to its hate speech policy. Meta global affairs President Nick Clegg emphasized that the …

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Ukraine to transfer sensitive data from Russia's reach

Ukraine to transfer sensitive data from Russia’s reach

Ukraine’s government now prepares for the potential need to transfer its data and servers abroad as Russia’s forces push deeper into the country. Kyiv’s State Service of Special Communications and Information Protection stated that they currently plan for contingency. The second-largest country by area in Europe flags its readiness for any Russian threat to seize …

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Apple

Apple Inc. Unveils iPhone SE with 5G Capabilities

Apple Inc. on Tuesday added 5G connectivity to its iPhone SE, the cheapest of its kind. The upgraded handset would directly compete with rivals in the mid-range smartphone market. Accordingly, the standout product gives the world’s most valuable company a chance to win consumers on a budget. The announcement is the third version since the …

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general motors

General Motors, POSCO to Make Battery Materials

General Motors and South Korea’s POSCO Chemical announced on Monday its building a plant to produce battery materials. This joint venture aims to help the carmaker ramp up its plans to manufacture mainly electric vehicles in the future. Then, POSCO CEO said that the deal would allow the firm to expand battery material supplying capability …

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Wibest – Microsoft

Microsoft Unveils its Largest India Data Center Region

On Monday, Microsoft Corporation announced establishing its largest India data center region in Hyderabad, Telangana. This move intended to bet on rising digital consumption in one of the fastest-growing markets. Microsoft India head Anant Maheshwari explained that the company makes long-term investments in the country. However, he declined to share specific investment figures. Local reports …

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WB - Honda

Sony, Honda Pairs Up to Develop Electric Vehicles

On Friday, Sony Group Corporation and Honda Motor Co. announced a joint venture to manufacture and sell electric vehicles. Accordingly, the Japanese companies will establish a new firm this year and begin sales of their first car in 2025. They did not release the final details of the venture, but the memorandum of understanding stated …

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biflation

Ukraine Seeks Support from Tech Firms against Russia

On Wednesday, Ukraine sought help from 50 additional technology companies to take action against Russia following a slew of earlier requests. Accordingly, the country appealed to a list of gaming, esports, and internet infrastructure firms. In line with this, software giant Oracle Corp. responded immediately to the request. The business mentioned that it would halt …

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Google

Google bans Russian media channels in play store

Google bans Russian media channels in play store Late Tuesday, Alphabet Inc.’s Google announced that it had blocked mobile apps connected to Russian-state-owned media channels from its Play Store. This latest company move specifically banned networks RT and Sputnik in Europe. The effort aligned with an earlier decision to remove them from its news-related features. …

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Airbnb

Airbnb to shelter 100,000 Ukrainian refugees

Airbnb Inc. announced on Monday that it would offer free short-term housing for up to 100,000 fleeing Ukrainian refugees. This initiative is a part of the business’s efforts to support evacuees through the company’s nonprofit unit. The American vacation rental firm will fund these stays from the Airbnb.org Refugee Fund donations. At present, over 500,000 …

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