Business News

Softbank Increasing Its Stake In Sprint

After failing to work out a merger deal with T-Mobile owner Deutsche Telekom, Softbank is increasing its stake in Sprint. The Japanese company has confirmed it's going to increase its share through stock deals or another method. It hasn't said how much its share will increase.

Broadcom Offering $130B For Qualcomm

Broadcom, a wireless chip maker, is officially offering $130 billion for Qualcomm. The deal would be the largest tech acquisition in history, but Broadcom is going to face a difficult negotiation period and likely fights with regulators. Its offer is a 30% premium.

Amazon Now Discounting Items From Third-Parties

Third-party sellers on Amazon's platform could see their items discounted by a new initiative that involves the ecommerce company reducing list prices at its own expense. A new "Discount provided by Amazon" tag has appeared that'll reduce prices as much as 9%.

Broadcom Might Acquire Qualcomm For $100 Billion

Qualcomm is a well-known company that makes chipsets and modems for mobile devices. It is mostly known for its Snapdragon lineup, but lately the company is dealing with a legal battle against Apple. Regardless of that, the company might be acquired by Broadcom, a wireless

Tech Companies File In Support Of DACA

Silicon valley has been strongly opposed to the Trump administration's move against Deferred Action for Childhood Arrivals (DACA). That program, which protects illegal immigrants who entered the country as children, was effectively halted by President Trump in September.