TOKYO (Reuters) – Yahoo Japan Corp (4689.T) said it will take over Japan’s biggest online fashion retailer Zozo Inc (3092.T) for 400 billion yen ($3.7 billion), seeking to breathe fresh life into the business and compete better against the likes of Amazon.com (AMZN.O). Founder of Zozo Inc. Yusaku Maezawa poses for a photo with his […]
Yahoo Japan bids for control of fashion e-tailer Zozo for $3.7 billion Read More »
(Reuters) – Apple Inc’s move to offer a free TV+ subscription for a year with every new device may briefly crown the iPhone maker as the biggest streaming service by user numbers, leapfrogging Netflix Inc. The Apple logo is displayed at an event at their headquarters in Cupertino, California, U.S. September 10, 2019. REUTERS/Stephen Lam
Apple may steal Netflix streaming crown, but only for a year Read More »
BERN (Reuters) – The Facebook-led Libra cryptocurrency project must meet the highest standards for combating money laundering and terrorism financing if it is to get off the ground, a senior U.S. Treasury official said on Tuesday. U.S. Treasury Under Secretary for Terrorism and Financial Intelligence Sigal Mandelker addresses a press roundtable at the U.S. embassy
Swiss-based Libra will have to meet tough U.S. standards-U.S. Treasury Read More »
JERUSALEM (Reuters) – The Israeli-based NSO Group, whose software is alleged to have been used in a number of government surveillance scandals, said on Tuesday it would abide by U.N. guidelines to prevent rights abuses. FILE PHOTO: SIM cards are reflected on a monitor showing binary digits in this photo illustration taken in Sarajevo February
Cyber spying firm NSO to follow human rights guidelines Read More »
(Reuters) – Activist investor Elliott Management Corp on Monday unveiled a $3.2 billion stake in AT&T Inc (T.N) and urged the sprawling U.S. telecommunications and media conglomerate to end its acquisition spree and focus on improving its business. FILE PHOTO: The AT&T logo is pictured during the Forbes Forum 2017 in Mexico City, Mexico, September
Elliott Management calls for AT&T shake-up as Trump piles on Read More »
FILE PHOTO: Stickers bearing the Facebook logo are pictured at Facebook Inc’s F8 developers conference in San Jose, California, U.S., April 30, 2019. REUTERS/Stephen Lam MOSCOW (Reuters) – Russian state communications watchdog Roskomnadzor said tech giants Google and Facebook (FB.O) had allowed political advertising during Sunday’s regional elections despite being asked to ban such publicity.
Russia says Facebook, Google distributed political ads on election day Read More »
(Reuters) – WeWork owner The We Company plans to proceed with an investor roadshow for its initial public offering (IPO) as early as next week, braving concerns over the valuation it can achieve in a listing, people familiar with the matter said on Friday. FILE PHOTO: The WeWork logo is displayed on the entrance of
Exclusive: WeWork to press on with IPO launch despite valuation concerns – sources Read More »
BERLIN (Reuters) – Streaming company Roku, whose software runs one in three smart TVs in the United States, is turning to the British market as competition with Silicon Valley giant Amazon goes international. FILE PHOTO: A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company’s
Roku targets UK as smart TV platform duel with Amazon hots up Read More »
(Reuters) – Two groups of U.S. state attorneys general on Friday announced separate antitrust probes of large tech companies such as Alphabet’s Google (GOOGL.O) and Facebook (FB.O). The first probe, led by New York and including seven other states and the District of Columbia, focuses on Facebook. The second, announced by Texas and likely to
U.S. states launch antitrust probes of tech companies, focus on Facebook, Google Read More »
SHANGHAI (Reuters) – Alibaba Group has agreed to buy e-commerce business Kaola from Chinese gaming company NetEase for $2 billion, adding a platform that specializes in supplying curated luxury goods from abroad to domestic consumers. People are seen at the check-out counter of a physical store of Netease’s e-commerce platform Kaola, in Zhengzhou, Henan province,
Alibaba dials up luxury push with $2 billion buy of Netease e-commerce arm Read More »
