DUBAI (Reuters) – Amazom.com has agreed to acquire Middle East online retailer Souq.com, [IPO-SOUQ.DU], the two companies said in a joint statement on Tuesday.
STOCKHOLM (Reuters) – Ericsson will refocus its business for managed services, explore options for its loss-making media arm and take several writedowns, in a first move from its new CEO to lead the telecoms equipment maker out of its worst crisis in a…
SHANGHAI (Reuters) – Chinese ride sharing firm Didi Chuxing is considering a $6 billion investment backed by Japan’s SoftBank Group Corp, as it looks to take on global rivals such as Uber Technologies Inc [UBER.UL], Bloomberg reported on Tuesday citing…
HONG KONG (Reuters) – Chinese tech giant Tencent Holdings has signed a $4.65 billion loan deal, Basis Point reported, amid a flurry of fund-raising by China’s internet giants.
VILNIUS/TAIPEI (Reuters) – Taiwan-based electronics manufacturer Quanta Computer Inc has acknowledged that its name was used as part of an email fraud scheme that bilked two U.S.-based internet companies out of more than $100 million.
NEW YORK (Reuters) – Comcast Corp is planning to rebrand and expand a streaming video option for broadband subscribers who do not want to pay for a traditional cable package, sources told Reuters on Monday.
(Reuters) – Tesla Inc founder and Chief Executive Elon Musk has launched a company called Neuralink Corp through which computers could merge with human brains, the Wall Street Journal reported, citing people familiar with the matter.
(Reuters) – Chatbot maker 7 Inc expects its revenue to increase 30-35 percent to more than $400 million in its financial year ending March 2018, the company’s chief executive told Reuters.
MENLO PARK, Calif. (Reuters) – Facebook Inc added a feature to its Messenger app on Monday to allow users to share their locations continuously for up to an hour, ramping up competition with tools offered by Apple Inc and Alphabet Inc’s Google Maps.
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday struggled over whether to upend nearly 30 years of law governing patent lawsuits that critics say allows often-baseless litigants to sue in friendly courts, giving them the upper hand over high-te…
(Reuters) – Uber Technologies Inc [UBER.UL] put its self-driving cars back on the road on Monday, voicing confidence in its autonomous vehicle program three days after one of its cars was involved in a crash in Tempe, Arizona.
SEOUL (Reuters) – Tech giant Samsung Electronics Co Ltd said late on Monday that it plans to sell refurbished versions of the Galaxy Note 7 smartphones, the model pulled from markets last year due to fire-prone batteries.
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday refused to hear a bid by major record labels to revive copyright infringement claims against video-sharing website Vimeo LLC for hosting content that included songs by famed bands such as the Beat…
NEW YORK (Reuters) – Two activist hedge funds are pressing directors of Tangoe Inc. to sell the company, according to people familiar with the matter, citing a weakness in the IT company’s business and falling stock price.
(Reuters) – Shares of Snap Inc jumped nearly 5 percent on Monday after several of the Snapchat owner’s IPO underwriters handed it badly needed “buy” ratings.