Chipmaker Nvidia is reportedly very close to buying Advanced RISC Machines (ARM), the company that designs chips for almost every smartphone today. The company had been battling competition like Qualcomm and Samsung for...
Trump orders ByteDance to divest interest in US TikTok unit within 90 days
President Donald Trump on Friday gave the Chinese company ByteDance 90 days to divest itself of any assets used to support the popular TikTok app in the United States. Trump’s executive order said there is “credible...
ByteDance in talks with Reliance for investment in TikTok: Report
China’s ByteDance is in early talks with Reliance Industries Ltd for investment in its video-based app TikTok’s business in India, TechCrunch reported on Thursday, citing sources. The two companies began...
ADIA, HDFC MF buy Inox Leisure shares in bulk deal
Inox Benefit Trust on Tuesday sold 4.32% stake in multiplex chain operator INOX Leisure for Rs101 crore, through open market transactions. The block deal data available with BSE showed that Inox Benefit Trust sold 43.50...
Sony, Viacom18 merger to help SonyLIV, VOOT increase revenue by 30%
Sony Pictures Networks and Viacom18 Media Pvt Ltd’s imminent merger is likely to help their respective video streaming platforms, SonyLIV and VOOT, come together to form an entity that will have 20-30% higher...
Microsoft faces complex technical challenges in TikTok carveout
Microsoft Corp’s bid to carve out parts of TikTok from its Chinese owner ByteDance will be a technically complex endeavor that could test the patience of President Donald Trump’s administration, according to sources...
Homegrown Chingari raises $1.3 million seed funding
Indian social media platform, Chingari, which rose to fame following the government’s ban on 59 Chinese apps, including TikTok, has received seed funding of $1.3 million from AngelList, LogX Ventures, iSeed, Village...
‘Fortnite’ developer Epic Games raises $1.78 billion
Epic Games, the creator of the popular video game “Fortnite” said on Thursday it has raised $1.78 billion in its latest funding round, taking the company’s valuation past $17 billion. The latest funding round includes...
Microsoft aiming to buy TikTok’s entire global business: FT
Microsoft Corp is chasing a deal to buy all of TikTok’s global business, the Financial Times reported on Thursday, citing five people with knowledge of the talks. However, a source familiar with the discussions told...
Microsoft talks to buy TikTok’s US operations spurs ire in China
A potential shotgun wedding to Microsoft Corp for TikTok’s U.S. operations provoked an outcry on Chinese social media as well as criticism from a prominent Chinese investor in TikTok owner ByteDance. The U.S. tech...
Microsoft is in talks to buy TikTok in US
Microsoft Corp. is exploring an acquisition of TikTok’s operations in the U.S., according to a people familiar with the matter. A deal would give the software company a popular social-media service and relieve U.S...
ByteDance investors value TikTok at $50 bn in takeover bid: Sources
Some investors of TikTok’s parent company ByteDance seeking to take over the popular social media app are valuing it at about $50 billion, significantly more than peers such as Snap Inc, according to people...
