While there were some rumours that Qualcomm could reject Broadcom's offer, the company has now officially confirmed those rumours, saying Broadcom has "dramatically undervalue" the company and that there could be a problem with regulatory bodies if the deal went through,
The well-known American semiconductor Qualcomm has now announced that it has signed a new deal with the Chinese smartphone giants Oppo, Vivo and Xiaomi. While details of the deal are scarce, we know that is worth $12 billion and was reached during the course of President
Disney will launch its own streaming service in two years and it's removing its library of content from Netflix as a result. Even though that service will boast a strong library, it's still limited compared to a regular streaming service, so it won't cost very much.
Three additional executives have departed Faraday Future over the past month. It no longer has its CFO, CTO, or vehicle manufacturing chief, adding to the struggling company's problems. Faraday Future has nearly exclusively had bad news this year and things aren't looking better.
Uber is offering lower fares for its carpooling service if you're willing to walk a little. With Uber Express POOL, you can save around 25% compared to a normal Uber POOL trip. You'll only need to walk a few blocks to your pickup location and destination.
Sean Parker, the billionaire founding president of Facebook, is now echoing sentiments increasingly promoted in the IT ethics field. He believes the platform is basically damaging people by "exploiting a vulnerability in human psychology." It's always had a corrupt purpose.
Uber plans to go public by 2019, says CEO Dara Khosrowshahi, speaking at The New York Times' Dealbook conference. He says an IPO is part of his plan for the company. In August he attached an 18-36 month range to the initial offering and now he's firmly setting 2019 as the date.
Call of Duty publisher Activision is facing a lawsuit from Humvee manufacturer AM General due to the unauthorized use of Humvees in multiple games, albeit not the latest, Call of Duty: WW2. AM General believes the company has improperly benefited from its use of those vehicles.
Many respectable and even well-known people still haven't received a verification from Twitter, yet Jason Kessler did on Tuesday. Kessler's claim to fame is being the white supremacist who has helped organize racist rallies like the Unite the Right march in Charlottesville.
Uber hasn't finalized its deal with SoftBank and the Japanese company has even publicly talked about switching its investment to Lyft, but Uber CEO Dara Khosrowshahi says the deal will occur. Speaking at The New York Times' DealBook conference, he had a confident perspective.
Alphabet's Project Loon has used its internet delivery balloons to connect 100,000 people in Puerto Rico to the internet. The company secured a license from the FCC after Hurricane Maria so that it could use its technology to help people in Puerto Rico and the US Virgin Islands.
EA has picked up Respawn Entertainment, developer of the Titanfall series. It's acquiring the developer in a deal worth over $400 million. They've worked together in the past, with EA publishing both of Respawn's Titanfall games. Some projects are already underway.
Algorithms are serving as "sophisticated, strategic tools to maintain and strengthen" the power of companies like Facebook, Twitter, and Google, says Senator Al Franken. He criticized the tech industry for increasing its power over users through those tools.
GameStop was close to running out of the Xbox One X after just one day. SVP of merchandising Bob Puzon says the retailer "sold through most of [its] initial allotment" of consoles on the first day of availability. It's working with Microsoft to receive more units.
Ford will work with Zotye Auto, a Chinese automaker, to manufacture electric vehicles as part of a $765 million deal. They'll work together in a 50-50 partnership as long as the deal is approved by the government. Their joint venture will open a manufacturing plant in Zhejiang.
Uber has begun testing a new 24/7 support hotline with its top users. In addition to the call hotline, the ridehailing service is running a separate test that gives people access to "specially trained experts" through its in-app support functions. Both are for frequent users.
To appease regulators, AT&T could have to drop some of its major assets if it wants to move forward with its acquisition of Time Warner. Sources claim the Department of Justice (DOJ) isn't immediately giving its approval. It wants one of the companies to sell a major asset.
A sizable portion of Snap is now owned by China's Tencent, the company's latest earnings report has revealed. Based on a filing with the SEC, Tencent now holds 12% of all Snap shares. It only told Snap it was buying up the shares after the purchase was made.
Snap CEO Evan Spiegel suggested the company's Spectacles were selling well when he revealed over 150,000 pairs had sold as of October. Although that was seemingly framed in a positive way at the time, more recent reports have revealed Spectacles didn't do very well.
Lockheed Martin has received a $26.3 million contract from the US government to develop laser-based weapons for Air Force fighter jets. The Air Force is hoping to test the laser weapons by 2021, after which they'll be used in a defensive manner against enemy weapons.