Setback for Carl? Printer maker Xerox cites Coronavirus pandemic ‘turmoil’ as reason for withdrawing $35 billion bid for HP
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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
Xerox Launches Bid To Acquire All Outstanding HP Shares
Fight, fight, fight. Printer maker Xerox launches its official tender offer for all outstanding shares in PC giant HP
Twitter CEO Jack Dorsey Faces Ousting Attempt By Shareholder
Activist shareholder Elliott Management has reportedly taken a sizeable stake in Twitter and is seeking Jack Dorsey’s removal
Facebook Cancels F8 Developer Conference Over Coronavirus
As shares on Wall Street and global market continue to tumble, Facebook cancels its annual developer conference due to coronavirus concerns
Microsoft Warns Of Coronavirus Impact
Redmond does not expect to meet its guidance for sales of Windows and Surface devices due to the coronavirus outbreak
Nokia At Centre Of Merger Speculation – Report
Media report that Nokia is exploring its strategic options including asset sales or mergers, triggers rise in share price
Google To Spend Billions On US Data Centres
Alphabet CEO Sundar Pichai confirms plan to spend $10 billion in 2020 on Google data centres and offices across the United States
HP $15 Billion Share Buyback To Thwart Xerox Advances
HP board announces ‘financial value creation plan’ that will see it buy back billions in shares, to defeat Xerox’s offer that ‘meaningfully undervalues HP’
FinTech Part 2: Building the FinTech Ecosystem
How are FinTech companies innovating? What’s the tech that sits behind the development of their apps and support networks, and what these advancements might mean for wider industries and consumers.
Dell Sells Cybersecurity Division RSA Security
RSA Security is to be sold to a consortium for just over $2 billion, as Dell seeks to ‘simplify’ it business and product portfolio
Apple Admits Coronavirus Will Impact iPhone Supplies
Coronavirus update. Apple admits it is experiencing “slower return to normal conditions” and warns of iPhone supply shortages
Google Acquisition Of Looker Data Sciences Approved
Alphabet unit completes $2.6bn acquisition of Looker Data Sciences after approval from British competition watchdog
US Judge Approves T-Mobile’s Sprint Acquisition
Appeal by a number of US states that acquisition would violate antitrust laws and raise prices has been overruled by US judge
Xerox Increases Hostile Takeover Offer For HP
Show me the money! In effort to tempt HP shareholders, Xerox increases its hostile takeover offer from $33.5 billion to $34 billion
US Mulls Controlling Stake In Ericsson, Nokia To Counter Huawei
US Attorney General William Barr suggests the US and its allies take ‘controlling stakes’ in Ericsson, Nokia as a counter to Huawei
OECD Confirms Rewrite Of Global Tax Laws
Digital tax. 140 governments agree to rewrite cross border tax laws that will increase the tax paid by tech giants like Amazon, Facebook and Google
Facebook Shares Fall Amid Sharp Rise In Costs
Social networking giant delivers strong financial results, but investors took fright at big increase in expenses and costs
FinTech Part 1: A New Payments and Banking Landscape
As one of the fastest-growing sectors, FinTech is building technologies and services that will touch every consumer and business. In this new series, Silicon UK explores the current state of FinTech and asks why companies need to pay close attention to this transforming sector.
CityFibre Buys TalkTalk’s Fibre Network In York
Fibre disposal. TalkTalk’s FibreNation division sold to CityFibre for £200 million, amid signing of wholesale agreement with CityFibre
Apple’s Tim Cook Calls For Overhaul Of Global Tax System
Corporation tax needs global overhaul Cook says, as President Macron and President Trump declare truce in digital tax spat
Alphabet Hits $1 Trillion Market Valuation
Exclusive trillion dollar club. Google’s parent Alphabet becomes the fourth US tech giant to reach a market value of $1 trillion
Cryptocurrency Attendees Should Avoid North Korean Conference, Warns UN
Experts at the United Nations (UN) warn attendees of upcoming cryptocurrency conference in North Korea they could be cited for sanctions busting
HP Board Once Again Rejects Xerox’s Advances
We are still not interested. HP’s board of directors once again rejects an unsolicited takeover approach from Xerox, saying it undervalues the PC maker