Watch out SpaceX’s Elon Musk? British government and Bharti Global announce deal to acquire satellite broadband company OneWeb
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Advocacy Groups Warn Against Google’s Fitbit Acquisition
Twenty advocacy groups from around the world warn that Google’s acquisition of Fitbit risks damaging privacy and competition
Google Buys North Smart Glasses, Closes Down Product
Canadian smart glasses maker North acquired by Google, which then immediately kills the next version of its wearable device
Wirecard Munich HQ Searched By Police And Prosecutors
Fintech fraud investigation continues into Wirecard, as German police and prosecutors search bankrupt firm’s Munich headquarters
Wirecard Collapses, Files For Insolvency
German fintech start-up Wirecard has filed for insolvency, becoming the first DAX member to fail after a financing scandal
Former Wirecard CEO Released From Jail
Former Wirecard CEO Markus Braun walks free after arrest on Monday for allegedly falsifying the accounts for the German fintech firm
US Pulls Out Of Global Digital Tax Talks
European Union warns it will impose its own digital tax on technology giants, after the United States withdraws from global tax reform negotiations
Agents of Transformation
AppDynamics have launched a COVID-19 edition of its global research ‘The Agents of Transformation.’ The report includes data from interviews with IT professionals – from board-level directors and CIOs, through to senior and mid-level IT management – in enterprise organizations across ten countries, including the UK. Who will transform your business as we enter the post-digital age?
Cisco Acquires ThousandEyes For Network Monitoring
Networking giant Cisco Systems opens its cheque book to acquire well estalished network intelligence software provider ThousandEyes
Intel Acquires Rivet Networks For Killer Cards
Wi-Fi connectivity. Company behind the Killer gaming networking cards (Rivet Networks) is acquired by chip goliath Intel Corp
BT Begins Talk To Sell Stake In Openreach – Report
Selling off the crown jewels? BT is reportedly in talks to sell a multi billion pound stake in its hugely valuable Openreach division
BT Suspends Dividend To Funnel Investment Into FTTP Broadband, 5G
For the first time in a decade BT suspends its dividend to free up cash for investment in fibre to the premise (FTTP) broadband and 5G
Virgin Media And O2 Join Forces In Joint Venture
Major UK telecom shakeup…O2’s ownership odyssey continues, with confirmation it is to merge with Virgin Media to take on the BT/EE juggernaut
ICANN Halts .Org Sale To Private Equity Group
Domain supervisor ICANN ‘withholds consent’ for the sale of the .org domain registry to a private equity firm, following months of protests
Amazon Tells Investors To ‘Take A Seat’ As Spending Rises
Sitting in the sweet spot as Amazon takes advantage on demand for online goods, groceries and cloud services during Coronavirus lockdown
Apple Profits Dip But Sales Rise, Amid Global Pandemic
Modest dip in quarterly profits at Apple due to closure of its retail stores in key markets during the global Coronavirus pandemic
Coronavirus: Tesla’s Elon Musk Slams Pandemic Lockdown As ‘Fascist’
Tesla boss Elon Musk overshadows third quarterly profit at electric car maker Tesla, by calling lockdowns ‘fascist’ and ‘not democratic’
Coronavirus: Google Profits Rise, But Warns Of Pain Ahead
Alphabet delivers strong set of quarterly financial results, despite advertising decline in March as global Coronavirus pandemic starts to bite
Facebook Invests $5.7 Billion In Indian Conglomerate
Social network makes biggest acquisition since acquiring WhatsApp by purchasing 10 percent stake in Indian firm Reliance Industries
Coronavirus: IBM Pulls Annual Forecast As Client Priorities Change
Worldwide pandemic hits software sales, as IBM warns that its customer priorities are changing and it withdraws its annual forecast
Former Spy Boss Calls For UK To Stop China Buying Western Firms
Former head of MI6 says the West needs to stop China getting strategic technology by acquiring Western firms, as technology rivalry with the West rises
Backbencher Demands Halt Of Chinese Takeover Of Imagination Technologies
David Davies says government must employ every mechanism to prevent removal of tech base of Imagination Technologies to China
Coronavirus: Xerox Ends Hostile Takeover Bid For HP
Setback for Carl? Printer maker Xerox cites Coronavirus pandemic ‘turmoil’ as reason for withdrawing $35 billion bid for HP
Coronavirus: HP Laments Xerox Hostile Bid Amid Pandemic
HP has written to its shareholders to argue that now is not the time for an unsolicited takeover, with Xerox’s ‘irresponsible capital structure’
Coronavirus: Cisco Commits $225 Million To Covid-19 Fight
Networking giant Cisco pledges nearly quarter of a billion dollars to help global community fight the Coronavirus pandemic
Coronavirus: NetMedia Group Message To Our Readers
Message to the readers of Silicon UK, and all other NetMedia Group publications across Europe, in light of the ongoing Coronavirus pandemic
HP Implements Punitive CEO Pay Off To Discourage Xerox
Another poison pill tactic to discourage Xerox’s advances, sees HP management implementing a stiff pay out for CEO, post-takeover
Why Traders Should Always Account for Extreme Weather When Investing
Extreme weather can cause fluctuations in the value of a currency, or it can drive down the worth of a business as usual levels of productivity are disrupted. This means that traders not only have to keep a keen eye on the news, but they also have to check the weather forecast. Inclement weather poses a
Twitter’s Dorsey Survives Shareholder Revolt, Reconsiders Africa Move
Jack Dorsey survives intervention by activist shareholder group, after admitting he will reevaluate plans to move to Africa due to coronavirus outbreak
HP Rejects Xerox’s Sweetened Takeover Offer
Still a firm no. HP’s board of directors tell Carl Icahn and Xerox that their $35 billion takeover offer still undervalues it