Share
Microsoft Corporation is selling about 1,500 of its patents to Xiaomi. The Chinese mobile maker is planning to make an entry into the U.S. market. Under a deal announced Wednesday, Xiaomi will install Microsoft Office and Skype on its Android smartphones and tablets. Analysts believe that the deal will support Xiaomi’s global expansion plans. Microsoft said in a statement that…
Share
Celator Pharmaceuticals Inc has agreed to be acquired by Jazz Pharmaceuticals plc – Ordinary Shares for $30.25 per share or about $1.5 billion in cash. Jazz believes that the acquisition will help the company to advance its growth strategy. Shares of Celator Pharmaceuticals were trading up 71.11% in the morning session. The company’s stock has gained 1,594.07%…
Share
Shares of Alibaba Group Holding Ltd dropped nearly 7% today on reports that the firm is being investigated by the U.S. Securities and Exchange Commission (SEC) over its accounting practices. In the firm’s annual filing, it was disclosed that the SEC is probing whether the firm’s accounting practices may have broken federal securities laws. Alibaba Voluntarily Cooperating With SEC On…
Share
The Hong Kong’s Securities & Futures Commission (SFC) said that Alibaba Group Holding Ltd breached the takeover rules in its acquisition of CITIC 21CN Company Ltd. by entering another deal during the acquisition process. CITIC 21CN, in which the e-commerce company bought a stake in 2014, is now known as Alibaba Health Information Technology Limited. How Alibaba Group Broke Takeover…
Share
Apple Inc. could use some help right now and that help may come from an unlikely source. Apple spun off a software subsidiary called Claris a few years after Steve Jobs was removed by the board of directors of Apple, in 1987. The firm Claris is technically no more. After Claris’s most successful product, Claris…
Share
Amazon.com, Inc. (NASDAQ:AMZN) is a stickler for details and terms. This fastidious nature is why the online retailer has filed a lawsuit against a former star supply chain and logistics executive who defected to Target Corporation (NYSE:TGT) this year. Amazon.com, Inc. Sues Former Star Executive Amazon is making legal news this week after it was…
Share
Microsoft Corporation maybe one of the world’s largest software companies, but it has failed to crack Sony Corporation’s dominance in the gaming industry. But Microsoft wants to change all that and consequently be crowned the undisputed gaming industry giant. The company recently acquired Xamarin, a mobile apps developer, an acquisition most pundits agree is meant…
Share
Having shed about 25% of its market capitalization since last year, Apple Inc. continues to be mired in a bull vs. bear tug-of-war. Though the company’s valuation multiple sits at a rather cheap looking 11X this year’s earnings, there are few people arguing that its best days sit in front of it. The company’s three…
Share
Yahoo! Inc. has finally caved in and decided to grant Tumblr some degree of autonomy by splitting off its sales team into a separate outfit. Tumblr, a hugely popular blogging service that Yahoo acquired for $1.1bn or about $3 per user out of the 300 million monthly users at that time, has run into headwinds, with…
Share
Microsoft Corporation missed a huge opportunity in mobile when the likes of Alphabet’s Google and Apple Inc. were busy building operating systems for mobile devices. Microsoft paid dearly for that as Apple’s iOS controlled a 42.9% market share in the in the U.S. while Google-backed Android OS had a 53.4% market share at the end of…
