• Fri. Dec 3rd ,2021

News

Parker-Hannifin nears Meggitt takeover after TransDigm pulls its bid

Parker-Hannifin, a U.S.-based company, is reportedly inching closer to acquire UK aerospace company, Meggitt, after rival bidder, TransDigm stated that it would not be making an offer. According to Ohio-headquartered TransDigm, the company was pulling out of the race as it was not sure of being able

Quantum Machines set to expand infrastructure with $50m investment

Quantum Machines, an Israel-based startup, has reportedly raised $50 million in its Series B funding round. The company seemingly focuses on building the classical software and hardware infrastructure to support the workings of quantum machines. As per reliable sources, Samsung NEXT, Claridge Israe

Google to readjust its profit model in South Korea to obey local law

The world's most powerful internet companies, Google and Apple, are reportedly finding ways to alter their respective profit models so that they fall within the bounds of an unprecedented new law passed by the Government of South Korea to curb the two enterprises’ duopoly in the nation. G

Branson's Virgin Orbit planning to go public via a $3.2Bn SPAC merger

Virgin Orbit, Sir Richard Branson’s aerospace company, has reportedly confirmed that it will go public through a merger deal with a special purpose acquisition company (SPAC). The deal supposedly values the merged business at $3.2 billion, and would give Virgin Orbit $483 million in cash upon

Netflix to ban subscribers who use VPNs to watch restricted content

Leading American OTT platform, Netflix, is reportedly scaling up its efforts at maintaining geo restrictions by banning subscribers who adopt a virtual private network (VPN) for accessing the content from other countries. The company is known for keeping separate catalogues for different countries

Parker-Hannifin to acquire UK engineering firm Meggitt in a £6.3B deal

Meggitt, a UK-based defense and aerospace technology firm, has reportedly announced that it has agreed to a proposed £6.3 billion ($8.8 billion) takeover offer by US-based tech giant, Parker-Hannifin. The deal has supposedly threatened significant job losses at the British engineering firm. A

US think tank warns EU-proposed AI law could cost $36Bn to its economy

A new report by Center for Data Innovation, a Washington-based think tank, has reportedly showed that a new law that has been designed to govern artificial intelligence (AI) in Europe might cost the EU economy €31 billion ($36 billion) over the next five years. According to the report, the Art

Zoom announces plans to acquire Five9 through a $14.7 billion deal

Zoom, a renowned online meeting and teleconferencing software company, has reportedly announced that it is acquiring Five9, a cloud-based contact center software vendor, in an all-stock deal valuing Five9 at $14.7 billion. The takeover is the first billion-dollar purchase for Zoom, and comes as the

French watchdog fines Google $593 million in news copyright dispute

The French competition regulators, reportedly handed Google a fine of €500 million ($593 million) for failing to adhere to an order to reach reasonable agreements with news publishers for the use of their material. According to French news agency AFP, the fine is the highest ever levied by Fra