Tag Archives: Deal

Demis Hassabis, co-founder of Google’s artificial intelligence (AI) startup DeepMind. Jeon Heon-Kyun | Getty Images LONDON — Alphabet’s Google and sister firm DeepMind are facing legal action for the way in which they obtained and processed over a million patient health records without consent in the U.K.  British law firm Mishcon de Reya told CNBC Friday it had filed a claim with the High Court on behalf of Andrew Prismall and roughly 1.6 million other individuals whose medical records were… Source link

Google is negotiating to build two more data centers in The Dalles, seeking access to a lot more water and a new package of tax breaks in exchange for spending hundreds of millions of dollars to expand its facilities on the site of a former aluminum smelter. Neither Google nor the city will say how big the new data centers would be, but they figure to be huge. Google spent $1.8 billion on its server farms along the Columbia River through 2017. Google has expanded steadily in The Dalles since… Source link

As the House of Representatives prepares to vote Thursday on the bipartisan infrastructure deal, many House Republicans who have lined up against it argue that the bill is not about infrastructure at all. “I’ve got serious reservations about the fact that, depending on whose numbers you believe, only 10% to 20% of that $1.1 trillion truly goes to infrastructure,” Rep. Buddy Carter (R., Ga.) told Yahoo Finance last week. The language echoes an argument from former President Donald Trump…. Source link

(Bloomberg) — Sea Ltd. aims to raise $6.3 billion in the largest equity offering of the year, a deal that will propel a global expansion and acquisitions for Southeast Asia’s largest company. The online gaming and e-commerce firm backed by Tencent Holdings Ltd. is offering 11 million shares, a stake worth about $3.8 billion at Wednesday’s close. It also intends to issue $2.5 billion of equity-linked debt. Sea, which has risen more than 70% this year, fell in post-marketing trading in New… Source link

Apple and Google used to be friends. More than friends in fact. Former Google CEO Eric Schmidt used to be on Apple’s board and even appeared on stage at the launch of the iPhone in 2007. If you are an Apple fan, you probably already know this, and you know that today, Google and Apple are fierce rivals. One of the biggest areas of contention is the Google Android ecosystem, which late Apple CEO Steve Jobs claimed had ripped off the iPhone entirely, and caused the initial rift… Source link

Russian IT giant Yandex said on Tuesday that it had reached a $1 billion deal to buy out ride-hailing service Uber from several joint ventures, squeezing the US company out of ex-Soviet markets. Under the deal, Yandex will buy Uber’s stake in their shared food delivery operations and a business that develops self-driving vehicles, gaining 100 per cent ownership. Yandex… Source link

The restructuring of the MLU ride-hailing and car sharing joint venture, which includes Yandex.Taxi, will see Yandex own 71% while Uber’s stake falls to 29% from 33.5%, Yandex said, adding it had taken out a $2 billion call option to buy out the rest if it chooses to do so. By Anna Rzhevkina and Gleb Stolyarov MOSCOW: Russian internet giant Yandex said on Tuesday it would buy Uber’s stakes in their joint foodtech, delivery and self-driving businesses, and increase its stake in their… Source link

Russian IT giant Yandex said on Tuesday it had reached a $1 billion (€0.85bn) deal to buy out ride-hailing service Uber from several joint ventures, squeezing the US company out of ex-Soviet markets. Under the deal, Yandex will buy Uber’s stake in their shared food delivery operations and a business that develops self-driving vehicles, gaining 100 per cent ownership. Yandex will also increase to 71 per cent its stake in transport ventures with Uber – including taxi and car-sharing… Source link

An Uber logo is seen during the global outbreak of the coronavirus disease (COVID-19), in Redondo Beach, Los Angeles, California, U.S., November 2, 2020. REUTERS/Lucy Nicholson MOSCOW, Aug 31 (Reuters) – Russian internet giant Yandex (YNDX.O) said on Tuesday it would buy Uber’s (UBER.N) stakes in their joint foodtech, delivery and self-driving businesses, and increase its stake in their ride-hailing joint venture as part of a $1 billion deal. The restructuring of the MLU ride-hailing and car… Source link

MOSCOW (Reuters) -Russian internet giant Yandex said on Tuesday it would buy Uber’s stakes in their joint foodtech, delivery and self-driving businesses, and increase its stake in a mobility-focused joint venture as part of a $1 billion deal. The company added that it had received a call option to purchase Uber’s remaining stake in mobility businesses for up to $2 billion. The restructured joint venture MLU will continue to focus on mobility businesses, including ride-hailing and car… Source link