Sony Corporation plans to make its financial services unit a wholly owned subsidiary to ensure stability as it rides out the hardships brought on by the coronavirus pandemic. “We will be able to carry out more...
Philips to invest Rs 300 crore in India manufacturing, R&D
The company also sees demand increasing for its connected care solutions amid the Covid-19 pandemic and will work towards more public-private-partnerships (PPP) in this space. Dutch healthtech and consumer electronics...
Intel buys Moovit transit app for $900 million to help develop robotaxis
Chipmaker Intel Corp has bought Israeli public transit app maker Moovit for about $900 million to help it develop self-driving “robotaxis” that could take to the streets in early 2022, the company said on Monday. Moovit...
Intel in talks to buy Israel’s Moovit public transit app for $1 billion – media
Chipmaker Intel Corp is in advanced talks to acquire Israeli public transit app developer Moovit for $1 billion, financial news website Calcalist reported on Sunday. Moovit has raised $133 million from investors...
Sony invests $400 million in Chinese video site Bilibili
Chinese video site Bilibili will receive $400 million equity investment from Sony Corp America, Bilibili said Thursday, as the two companies seek to further collaborate in entertainment to attract China’s Gen Z. SCA...
Toshiba should sell stake in ex-chip unit at IPO, says HK activist fund in letter
A Hong Kong-based activist investor in Toshiba Corp has asked the Japanese conglomerate to sell its entire stake in Kioxia Holdings when the flash memory chip firm is listed in an IPO that could raise up to $32 billion...
AMS falls below rights issue price in fresh challenge to Osram takeover
AMS shares fell below the price at which the Austrian sensor maker is raising new equity on Monday, in the latest hurdle to its planned purchase of German lighting group Osram. Austria’s AMS began offering new shares at...
Xerox drawn into duplicative Japanese fight
A company synonymous with copying should expect some duplication. Xerox has become aggressive since pushy investor Carl Icahn arrived on the scene. After rancorously blowing up a deal and ending a 57-year joint venture...
U.S. clears Infineon’s $10 billion takeover of Cypress
The Committee on Foreign Investment in the United States (CFIUS) informed Cypress that it had determined “there are no unresolved national security concerns” with the merger, the San Jose, California-based company said...
U.S. officials ask Trump to block Infineon’s Cypress deal: Bloomberg News
U.S. national security officials have recommended that President Donald Trump block German chipmaker Infineon Technologies AG’s proposed $10 billion deal to buy Cypress Semiconductor Corp as it poses a security risk...
HP eyes $16 billion share buyback to parry Xerox bid
HP Inc. announced it will return $16 billion to shareholders in the form of buybacks, and boost cost cuts, trying to rally investors against Xerox Holdings Corp. for control of the world’s second-largest personal...
HP adopts poison pill after Xerox’s buyout attempts
HP Inc said on Thursday it would implement a poison pill plan, a move that comes after Xerox Holdings Corp pushed ahead with its efforts to acquire the PC maker. Xerox recently raised its offer earlier this month by $2...
