• Comcast outbids Fox for Sky

      Comcast outbids Fox for Sky

      American cable giant Comcast outbid 21st Century Fox and its powerful backer, Disney with a winning bid of about $40bn for control of European broadcaster Sky following an extraordinary, three round auction managed by UK's Takeover Panel. In the auction's final round, each company had to submit a "sealed" offer, which was made public Saturday evening by the Takeover Panel. The battle is over 61% control of Sky since 21st Century Fox already owns the other 39%.

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    • Adobe snars Marketo for almost $5bn

      Adobe snars Marketo for almost $5bn

      A week ago rumors were flying that Adobe would be buying Marketo, and today Adobe officially announced the purchase of the marketing automation firm from private equity company Vista Equity Partners for $4.75bn. After Adobe bought Magento in May for $1.6bn, the deal now gives the tech giant a strong position in enterprise marketing as it competes with Salesforce, Microsoft, Oracle and SAP.

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    • EU probes BMW, Daimler, VW over alleged emissions collusion

      EU probes BMW, Daimler, VW over alleged emissions collusion

      The European Commission has opened an in-depth investigation into whether German automakers BMW, Daimler and Volkswagen Group (Volkswagen, Audi, Porsche) breached EU antitrust rules by colluding to avoid competition on the development and roll-out of technology to clean the emissions of petrol and diesel passenger cars. The move marks a fresh blow to the scandal-hit industry three years after the notorious 'Dieselgate' scandal.

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    • Google inks major Android auto partnership

      Google inks major Android auto partnership

      Google will integrate its Android operating system into cars produced by Renault, Nissan and Mitsubishi, a move that will put its tech products within easy reach of millions of drivers, news wires reported. The partnership, announced on Tuesday by the French-Japanese auto alliance, will allow the automakers to install Google Maps, Google Play Store and Google Assistant in vehicles starting in 2021.

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    • Amazon's employees leaked data for bribes

      Amazon's employees leaked data for bribes

      Amazon is investigating allegations that some of its employees have offered to leak confidential information and delete negative product reviews in exchange for money. According to a media report, released on Sunday, the company's staff members have peddled corporate data - such as sales metrics and the personal details of reviewers - to sellers in exchange for payments ranging from roughly $80 to more than $2,000 so that independent merchants can use to try to get higher rankings for their products in searches on the site.

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    • T-Mobile strikes $3.5bn 5G deal with Ericsson

      T-Mobile strikes $3.5bn 5G deal with Ericsson

      Now that the 5G standards are complete (both standalone and the kind that piggybacks on LTE), US carriers are rushing to pump up the hype ahead of initial trials and deployments. After striking a $3.5 billion deal with Nokia a mere week and a half earlier to help build a 5G network, America's' third-largest wireless carrier T-Mobile has now announced a similar multiyear deal with Swedish supplier Ericsson.

       

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    • Alibaba teams up with Russian tech giant

      Alibaba teams up with Russian tech giant

      Mail.ru, the Russia firm that offers a range of internet services including social media, email and food delivery to 100m registered users, has teamed up with China's top e-commerce player Alibaba to launch AliExpress Russia - a JV that they hope will function as a “one-stop destination” for communication, social media, shopping and games. Mail.ru backer MegaFon, a telecom firm, and the country’s sovereign wealth fund RDIF (Russian Direct Investment Fund) have also invested undisclosed amounts into the newly-formed organisation.

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    • Japan's Renesas buys US-based IDT for $7bn

      Japan's Renesas buys US-based IDT for $7bn

      Japan-based semiconductor firm Renesas - one of the world’s largest supplier of chips for the automotive industry - is buying US chip company IDT (Integrated Device Technology) for $6.7bn - its second major acquisition as it deepens its push into semiconductors for self-driving cars.

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    • VW investors seek €10bn damages over Dieselgate

      VW investors seek €10bn damages over Dieselgate

      Volkswagen’s bill for cheating on diesel emissions could potentially top €30bn as a legal battle with thousands of investors heats up in the German car manufacturer's own backyard as a court in the town of Braunsweig, just 20 miles from VW's Wolfsburg headquarters, has started today the first court case against the carmaker over the diesel scandal. 

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    • Jack Ma remains Alibaba chairman, a company spokesman says

      Jack Ma remains Alibaba chairman, a company spokesman says

      Alibaba co-founder and executive chairman Jack Ma will remain as executive chairman, and will unveil a succession strategy on Monday on his 54th birthday, South China Morning Post reported on Saturday, citing a company spokesman. Ma will unveil a succession plan to groom younger talent on Monday but “will remain executive chairman while the plan is carried out,” the newspaper, owned by Alibaba, said.

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