Big Tech’s little mergers draw more US antitrust scrutiny

2021-09-16 14:54:38

Washington: US federal trade commission (FTC) staff presented data on Wednesday on small acquisitions by five big technology companies, and the agency scrapped guidelines on vertical mergers which combine a company with a supplier—both steps indicating plans to be tougher on deals.

Following a study during the Trump administration, the FTC staff found that Facebook, Alphabet’s Google, Amazon.com, Apple and Microsoft together had 616 acquisitions from 2010 to 2019 that were above $1

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Chat app Discord raises $500 million in new funding

2021-09-16 10:12:14

Bengaluru: Chat platform Discord has raised $500 million in a new funding round led by investment firm Dragoneer Investment Group, a company spokesperson said on Wednesday.

The deal values the company at about $15 billion, Bloomberg News had
reported earlier. Discord declined to comment on the valuation.

Baillie Gifford & Co., Coatue Management, Fidelity Management & Research Co and Franklin Templeton also participated in the financing, alongside existing investors, the Discord spokesperson said.

Discord grew at a lightning

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FTC staff to present findings on Big Tech’s smaller acquisitions

2021-09-15 16:25:00

Staff of the Federal Trade Commission will present their findings on Wednesday on business deals that tech platforms like Facebook and Alphabet’s Google did that were sometimes too small to prompt antitrust review.

The agency, which began holding open meetings after progressive Lina Khan became chair in June, will hear about Big Tech acquisitions done between 2010 and 2019. In addition to Facebook and Google, the agency also gathered data from Amazon.com, Apple and Microsoft.

The

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Microsoft to buy back up to $60 billion in shares; names Brad Smith vice chair

2021-09-15 12:15:29

Bengaluru: Microsoft Corp. on Tuesday said it will conduct an up to $60 billion share buyback programme, raise its quarterly dividend by 11%, and appoint company President Brad Smith as vice chair.

Microsoft said the buyback programme has no expiration date and may be terminated at any time, and that it would pay a dividend of $0.62 per share – 6 cents over the previous quarter.

The US technology giant also called the vice chair position an updated

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Snap Inc hires Jacqueline Beauchere as first global head of platform safety

2021-09-15 10:54:53

London: Snapchat‘s owner has hired a longtime online safety advocate as its first global head of platform safety, Snap Inc told Reuters on Wednesday, as the company continues to ramp up efforts around user safety and as social media firms face mounting global pressure from regulators and lawmakers.

Snap said that after a long search it hired Jacqueline Beauchere, who will represent its safety work to regulators, lawmakers and partners and help advise on new policies

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Microsoft unveils share buyback of up to $60 billion

The repurchase authorization has no expiration date, and may be terminated at any time.

Bloomberg |

PUBLISHED ON SEP 15, 2021 05:08 AM IST

Microsoft Corp., the world’s largest software maker, appointed President and Chief Legal Officer Brad Smith as vice chair and unveiled a new stock-repurchase program of as much as $60 billion.

Smith, who joined Microsoft in 1993, will continue to report to Chief Executive Officer Satya Nadella, the Redmond, Washington-based company said Tuesday in a statement. Microsoft

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Infosys, Microsoft ink multi-year deal with Ausgrid

2021-09-13 18:52:30

New Delhi: Ltd. and Microsoft Corp. have signed a multi-year strategic deal with Ausgrid to accelerate the cloud transformation of the largest electricity distributor on Australia‘s east coast.

This programme will further Ausgrid’s vision to connect communities and empower lives with a focus on affordability, reliability and sustainability, Infosys said in a regulatory filing on Monday.

“With over 4 million Australians relying on our services every day, it is essential we are maintaining our high standard of

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Infosys, Microsoft ink multi-year deal with Ausgrid

2021-09-13 18:52:30

New Delhi: Ltd. and Microsoft Corp. have signed a multi-year strategic deal with Ausgrid to accelerate the cloud transformation of the largest electricity distributor on Australia‘s east coast.

This programme will further Ausgrid’s vision to connect communities and empower lives with a focus on affordability, reliability and sustainability, Infosys said in a regulatory filing on Monday.

“With over 4 million Australians relying on our services every day, it is essential we are maintaining our high standard of

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Satya Nadella’s ‘advice’ to companies on bringing employees back to offices

Satya Nadella’s ‘advice’ to companies on bringing employees back to offices

 

The pandemic situation in the US has once again reared its ugly head throwing plans in disarray. Most tech giants had plans to get employees back in office in September or October but the rise in number of cases has put a dampener on it. On the day Microsoft announced that it is indefinitely postponing calling employees back to the US offices, CEO Satya Nadella shed light on what he thinks companies should or shouldn’t do.

In an interview

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This decade will be an era of regulation, says Microsoft President Brad Smith

2021-09-09 21:56:23

Together with the European Union, India is at the forefront in advancing principles around digital sovereignty, Microsoft President Brad Smith said on Thursday.

He added that technology companies across the world will see an era of regulation by countries this decade.

“We need to adapt, address the market needs (and) we need to respond to the government’s concerns, and you see that in the public cloud region that we’ve set up for India, you


Disclaimer: “This post has … Continue Reading

Microsoft delays office reopening date indefinitely in United States

Microsoft Corp on Thursday decided to push the dates for the full reopening of its offices in the United States indefinitely due to the highly contagious variant.

“Given the uncertainty of COVID-19, we’ve decided against attempting to forecast a new date for a full reopening of our U.S. work sites in favor of opening U.S. work sites as soon as we’re able to do so safely based on public health guidance,” Microsoft said in a blog post.

Microsoft had

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Oyo, Microsoft in tie-up for ‘next-gen’ travel and hospitality products

2021-09-09 15:29:03

New Delhi: Microsoft Corp. and Oyo Hotels & Homes have entered into a multi-year strategic alliance to co-develop “next-generation” travel and hospitality products and technologies.

Oyo will adopt Microsoft Azure as a “key enabler” to drive cloud-based innovations and the solutions will be geared to benefit patrons who operate small and medium hotel and home storefronts. Small and independent hotels and homeowners will have access to Oyo’s latest technology to manage their guests’ experience, increase revenue, and run

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Oyo, Microsoft in tie-up for ‘next-gen’ travel and hospitality products

2021-09-09 15:29:03

New Delhi: Microsoft Corp. and Oyo Hotels & Homes have entered into a multi-year strategic alliance to co-develop “next-generation” travel and hospitality products and technologies.

Oyo will adopt Microsoft Azure as a “key enabler” to drive cloud-based innovations and the solutions will be geared to benefit patrons who operate small and medium hotel and home storefronts. Small and independent hotels and homeowners will have access to Oyo’s latest technology to manage their guests’ experience, increase revenue, and run

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Microsoft warns Azure customers of flaw that could have permitted hackers access to data

2021-09-09 11:10:53

San Francisco: Microsoft warned some of its Azure cloud computing customers that a flaw discovered by security researchers could have allowed hackers access to their data.

In a blog post from its security response team, Microsoft said it had fixed the flaw reported by Palo Alto Networks and it had no evidence malicious hackers had abused the technique.

It said it had notified some customers they should change their login credentials as a precaution.

The
blog post followed

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Windows 11: Microsoft has a new plan to solve Windows users video editing pains

Windows 11: Microsoft has a new plan to solve Windows users video editing pains

 

Microsoft never really had a video editing tool for Windows that offered a comprehensive set of editing tools and features ever since it discontinued Windows Movie Maker in 2017. The video editor that comes with Windows 10 and Xbox is basic and offers little in terms of features.

But this is set to change as the company is acquiring Clipchamp, a web browser-based video editing tool that counts Google, Deloitte and Dell among its customers (other than Microsoft). The

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TCS wins contract from South American airline Avianca

2021-09-08 17:23:57

Bengaluru: Tata Consultancy Services Ltd. () has won a contract from Avianca to modernise the IT infrastructure of the South American airline and build a new future-ready cloud-based digital core on Microsoft Azure. It did not disclose the deal value.

TCS will help the Colombian flag carrier migrate 129 core applications to the cloud and also manage the new cloud estate, according to a statement issued on Wednesday.

The Indian IT services firm will leverage its proprietary

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IPO-bound OYO increases authorised share capital to Rs 901 cr

2021-09-08 10:34:16

NEW DELHI: Oravel Stays Pvt Ltd, that operates hospitality firm OYO, has approved an increase in the authorised share capital of the company from Rs 1.17 crore to Rs 901 crore, according to a regulatory filing by the hospitality firm.

The development comes ahead of proposed initial public offering (IPO) by OYO, for which a draft red herring prospectus (DRHP) is likely to be filed in the next few months, sources in know of the matter

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IPO-bound OYO increases authorised share capital to Rs 901 cr

2021-09-08 10:34:16

NEW DELHI: Oravel Stays Pvt Ltd, that operates hospitality firm OYO, has approved an increase in the authorised share capital of the company from Rs 1.17 crore to Rs 901 crore, according to a regulatory filing by the hospitality firm.

The development comes ahead of proposed initial public offering (IPO) by OYO, for which a draft red herring prospectus (DRHP) is likely to be filed in the next few months, sources in know of the matter

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