Business Tag Archive

Disney acquires 21st Century Fox for $52.4 Billion, unites X-Men, Bart and Deadpool with the Avengers

In what could be just describe as a blockbuster deal, Disney has acquired 21st Century Fox for $52.4 Billion in stock, the actual value of the detail is well over $66 billion. The...

Uber to purchase 24,000 Volvo XC90 SUV for its self-driving fleet

Uber has agreed to purchase 24,000 units of XC90 SUV from Volvo between 2019 and 2021, to build its self-driving fleet. ...

Tesla working with AMD to develop its own own self-driving AI chip

Tesla, the electric car manufacturer is working with AMD to develop its own AI chips to handle its self-driving system. The car manufacturer already have an existing partnership...

KFC partners with Alipay to launch “Smile to Pay” payment system

In China, KFC in partnership with Alipay, has launch the “Smile to Pay” service, a facial recognition service that allows customers of the fried chicken food chain to...

Yahoo! to be renamed as Altaba Inc., after the Verizon acquisition

In a SEC filing, Verizon is moving forward with the $4.8 billion acquisition of Yahoo! which will later be integrated with AOL, a company that Verizon acquired for $4.4 billion on...

Honda, Alphabet’s Waymo in talks over self-driving technology

Alexandria Sage, reporting for Reuters; Honda Motor Co said on Wednesday it had entered into formal talks with Alphabet Inc’s new self-driving division Waymo to add...

Apple may participate in $100 billion SoftBank fund

Katie Roof, reporting for TechCrunch; Apple is considering investing up to $1 billion in the SoftBank Vision Fund, according to a report from The Wall Street Journal. With a...

Rocket Internet sells Foodpanda

Osman Husain, writing for Tech in Asia; German startup juggernaut Rocket Internet announced today it’s selling off the entire global operations of Foodpanda to rival firm...

PLDT allocates P6.7B for undersea cable to US

Miguel R. Camus, reporting for Philippine Daily Inquirer; Telco giant PLDT Inc. is setting aside $136 million (P6.7 billion) to complete a new undersea cable to the United States...

AWS announces virtual private servers starting at $5 a month

Ron Miller, reporting for TechCrunch; AWS fired a shot across Digital Ocean’s bow this morning at the AWS re:Invent conference when it announced new virtual private servers...

Grab enters strategic partnership with Tokyo Century, that is great for its Divers

Grab, the leading ride-sharing company in Southeast Asia just announce that it has entered a strategic partnership with Tokyo Century, and at the same time signed a memorandum of...

Jungle Ventures raises $100m fund for Southeast Asia and beyond

Michael Tegos, reporting for Tech in Asia; Singapore-based venture capital firm Jungle Ventures announced today it has completed fundraising for its second fund, achieving its...

Duterte wants to open PHL telecoms, airwaves, energy sectors

I think there is no need for Pres. Duterte to retract what he said about forgetting his statement, since competition will promote improved services at low price. ...

Xurpas surpasses ₱1-Billion in revenues, a 19% increase for first 9-mos of 2016

A unicorn is a tech/start-up company valued at over $1 billion, and Xurpas could may very well be the first Philippine Tech company to be considered as a unicorn. they’re...

Facebook scores big in Q3 earnings: $7.01B revenue and 1.79B users

Josh Constine, writing for TechCrunch; Facebook had a wildly successful Q3, earning $7.01 billion in revenue and $1.09 EPS. That’s off of from 1.79 billion monthly users, up 16%...