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  • BlackBerry in talks to buy cybersecurity company Cylance: Business Insider

    November 9, 2018 9:52 PM 115

    (Reuters) - BlackBerry Ltd is in talks to buy cybersecurity company Cylance Inc for as much as $1.5 billion, Business Insider reported on Friday, citing sources familiar with the matter. Irvine, California-based Cylance develops AI-based products to prevent cyberattacks on companies and recently considered filing for an IPO, according to the report

  • Microsoft made $1.3 billion in cash payments in GitHub deal

    November 9, 2018 5:42 PM 136

    (Reuters) - Microsoft Corp (MSFT.O) said in a filing late Thursday it had made $1.3 billion in cash payments in connection to its acquisition of coding hosting startup GitHub. Microsoft acquired the company, which developers use to keep track of software code changes as they write applications, in June, in a $7.5 billion deal that was described at the time as an all-stock

  • Exclusive: Softbank's Saudi-backed Vision Fund to raise $4 billion in debt

    November 9, 2018 5:22 PM 122

    LONDON (Reuters) - SoftBank’s (9984.T) Vision Fund is raising $4 billion in debt to help finance acquisitions and has hired Goldman Sachs (GS.N) and Mizuho (8411.T) to work on the deal, a presentation seen by Reuters said. The transaction would be the first test of debt investors’ appetite for the Saudi-backed technology fund since the crisis triggered

  • Israeli cybersecurity firm Coronet partners with Dropbox

    November 8, 2018 5:04 PM 131

    TEL AVIV (Reuters) - Coronet said on Thursday it has entered into a partnership with Dropbox (DBX.O) that is expected to bring the Israeli cybersecurity firm millions of new users for its data breach protection platform. As part of the partnership, Coronet said it will complement Dropbox’s own security features with the integration of its platform, which

  • Facebook starts shipping Portal smart displays

    November 8, 2018 2:27 PM 121

    Now that our homes are full of smart speakers, there seems to be a new focus on getting us to adopt smart displays as well. Amazon has been pushing them for a while in the form of the Echo Show , which is now in its second generation. Google also entered the fray with the Home Hub, and now Facebook is entering the market with Portal. Launched last month

  • Comcast plans to roll out new video-streaming device: source

    November 7, 2018 11:16 PM 125

    (Reuters) - Comcast Corp (CMCSA.O) is planning to launch a product that will allow its broadband subscribers to aggregate some video streaming applications, including Netflix, Amazon Prime and YouTube, according to a source familiar with the matter. The product, set to be launched next year, will come with a voice-activated remote and will first be a set-top

  • French lawmakers back plans to ease taxes on bitcoin gains

    November 7, 2018 3:10 PM 110

    PARIS (Reuters) - The finance commission in France’s lower house of parliament backed plans on Wednesday to ease tax on bitcoin sales, bringing it in line with other capital gains tax. Currently bitcoin gains are taxed at a rate of 36.2 percent while other forms of capital gains on other non-real estate assets are taxed at a flat 30 percent. The finance

  • India's competition commission rejects price-fixing allegations against Uber and Ola

    November 7, 2018 10:34 AM 107

    NEW DELHI (Reuters) - Ride-sharing firms Uber and Ola did not break price-fixing rules, the Competition Commission of India (CCI) said in a ruling issued late on Tuesday in response to a complaint about their technological pricing strategy. A case brought by a private individual against the holding companies of the two firms claimed that their algorithmic

  • U.S. court rules Qualcomm must license technology to rivals

    November 6, 2018 8:55 PM 112

    (Reuters) - A U.S. federal judge ruled on Tuesday that chip seller Qualcomm Inc (QCOM.O) must license some of its technology to competitors such as Intel Corp (INTC.O). The preliminary ruling came in an antitrust lawsuit against Qualcomm brought by the U.S. Federal Trade Commission in early 2017. The lawsuit is scheduled to go to trial next year. The preliminary

  • UK data watchdog chief says Facebook must change, calls for more regulation

    November 6, 2018 11:19 AM 101

    LONDON (Reuters) - The head of Britain’s data watchdog said on Tuesday Facebook must significantly change how it does business and called for the social media giant to be subject to stricter regulation. “Facebook needs to change, significantly change, their business model and their practices to maintain trust,” Elizabeth Denham, Information Commissioner