Qualcomm says it won’t back any of the candidates that Broadcom and Silver Lake Partners are proposing for its board of directors, saying they are conflicted and have no incremental skills or expertise to offer. The announcement Friday comes with the chipmaker continuing to fend off Broadcom’s unsolicited $103 billion takeover attempt. Qualcomm said again […]
T-Mobile Taking Over Dutch Arm of Tele2 Mobile Provider
The Dutch arm of T-Mobile says it is taking over telecom and internet provider Tele2’s operations in the Netherlands, in a move T-Mobile says is aimed at competing with local heavyweights KPN and VodafoneZiggo. T-Mobile will pay 190 million euros ($224 million) and give Tele2 a 25-percent stake in the new combined company. T-Mobile parent […]
DirecTV to Pay $9.5M to Settle Hazardous Waste Allegations
Meredith Buying Time Inc. for About $1.8 Billion
Maryland AG: Sinclair, Tribune TV Merger is a ‘Bad Deal’
Cisco Systems Buying BroadSoft for $1.9 Billion Cash
Cisco Systems Inc. will pay about $1.9 billion cash to buy BroadSoft Inc. in a move aimed at expanding its communications software offerings. The networking technology giant is paying $55 per share, marking a 2 percent premium to Broadsoft’s closing price on Friday. Gaithersburg, Maryland-based BroadSoft provides telecommunications technology for businesses, including phone services, audio […]
Google Pledges $1 Billion to Fund Non-Profit Education
Google says over the next five years it will spend $1 billion on nonprofit organizations helping to raise education levels around the world and commit its employees to a million hours of volunteer work doing the same. CEO Sundar Pichai announced the goal Thursday morning in Pittsburgh, the city where he arrived in the U.S. […]
Shares of TV Providers Drop as AT&T Warns of Video Losses
Signs that more people are dropping their traditional TV subscriptions weighed on TV providers’ stocks Thursday. AT&T said it lost 90,000 video subscribers in the U.S. in the third quarter. It’s a steeper drop than the same period last year, even though gains from its newer, cheaper online cable-like service, DirecTV Now, are included. DirecTV […]
Self-Driving Uber Fleet Returns To Service Following Crash
Uber has resumed self-driving vehicle service in Pittsburgh following a crash. The company briefly suspended their self-driving fleet Monday morning. Police say a car collided with a self-driving Uber SUV. Two Uber employees who were in the SUV at the time of the crash and the driver of the car were not injured. According to […]
Video Streaming Player Pioneer Roku Seeks $100M in IPO
SAN FRANCISCO (AP) — Video streaming player pioneer Roku is going public, hoping to raise money to expand into more households and fend off competitive threats from bigger technology companies. Roku listed a $100 million fundraising target in a Friday regulatory filing. But that figure is likely to change after its investment bankers gauge the […]