Yahoo and Verizon were not immediately available for comment. Verizon agreed to a revised deal to buy Yahoo Inc’s (YHOO. O) core internet business for $4.83 billion, as much as $350 million less than the original price, the Wall Street Journal reported, citing people familiar with the matter. The revised agreement could be announced as … Read more
Snapchat’s corporate parent seeks to raise more than $2 billion for the fast-growing social media group in the tech sector’s largest public offering in nearly three years, documents filed Thursday showed. Outlining the financial details of its initial public offering (IPO), Snap Inc. said it expects net proceeds of some $2 billion. It will offer … Read more
Internet group Yahoo has reportedly agreed a price cut on its initial $4.8bn (£3.86bn) sale to Verizon. Verizon’s purchase of Yahoo’s core internet arm was put in doubt last year after disclosure of two cyber attacks. Several reports in the US said Yahoo has now accepted a price cut of up to $350m and agreed … Read more
Yahoo said Wednesday it was notifying some users that hackers may have been able to use a maneuver to break into their accounts without stealing passwords. The latest notifications were in response to the record breach disclosed late last year affecting an estimated one billion users — which involved forging of “cookies” or files used … Read more
A logo of Alibaba Group is pictured at its headquarters in Hangzhou, China. Chinese online retailer Alibaba Group opened its Australian and New Zealand headquarters in Melbourne on Saturday, its first expansion in the region as it seeks to tap growing global demand for products from the two countries. The group’s billionaire founder Jack Ma, … Read more
Ant Financial, the digital payments arm of e-commerce giant Alibaba, is buying US-based MoneyGram for $880m (£700m).MoneyGram has about 350,000 outlets in nearly 200 countries. Ant Financial has more than 630 million users. The takeover by the Chinese group will need regulatory approval from the US Committee on Foreign Investment. The inter-agency committee reviews foreign … Read more
Ant Financial, the digital payments arm of e-commerce giant Alibaba, is buying US-based MoneyGram for $880m (£700m). MoneyGram has about 350,000 outlets in nearly 200 countries. Ant Financial has more than 630 million users. The takeover by the Chinese group will need regulatory approval from the US Committee on Foreign Investment. The inter-agency committee reviews … Read more
Alibaba Group Holding Ltd on Tuesday posted a 54 percent rise in third-quarter revenue, beating analyst estimates, helped by higher sales during its Single’s Day shopping event and increased earnings in its cloud and digital media ventures. The company said it would be raising its 2017 full-year guidance for revenue growth from 48 percent to … Read more
American search giant Yahoo says it will complete the sale of its core internet assets to telecoms firm Verizon later than originally planned. The $4.8bn (£4bn) deal was thrown into doubt last year after Yahoo revealed two vast data security breaches at the company. Hundreds of thousands of user accounts were affected by the attacks. … Read more
Yahoo Inc on Monday reported better-than-expected quarterly profit and revenue, and said the sale of its core internet business to Verizon Communications Inc should be completed in the second quarter, allaying some investor concerns that the deal might collapse. The $4.8 billion Verizon transaction had originally been expected to close in the first quarter but … Read more
The United Nations (UN) has appointed former President john John Mahama and the Prime Minister of Norway, Ms. Erna Solberg, as co-chairs of a group of 16 eminent Sustainable Development Goals (SDGs) advocates to support the secretary-general in his efforts to generate momentum and commitment to achieve the SDGs by 2030. The SDGs adopted by … Read more
Alibaba Group Holding, which is awaiting regulatory approval for a $45 million fund it is participating in, has promised the Taiwanese government it will not take board seats at local firms the fund invests in, a source with direct knowledge of the matter said. The fund is being raised by China Development Financial Holding (CDF), … Read more
Alibaba Executive Chairman Jack Ma met U. S. President-elect Donald Trump on Monday and laid out the Chinese e-commerce giant’s new plan to bring one million small U.S. businesses onto its platform to sell to Chinese consumers over the next five years, an Alibaba spokesman said. Alibaba Group Holding Ltd (BABA.N) expects the initiative to … Read more
E-commerce firm Alibaba Group Holding Ltd (BABA. N) and the founder of Intime Retail Group Co Ltd (1833.HK) have jointly bid to take the Chinese department store operator private for HK$19.79 billion ($2.55 billion), the partners said on Tuesday. Alibaba Investment Ltd and Shen Guo Jun have offered HK$10 per Intime share. That would represent … Read more
Alibaba Executive Chairman Jack Ma met U. S. President-elect Donald Trump on Monday and laid out the Chinese e-commerce company’s new plan to bring a million small U.S. businesses onto its platform to sell to Chinese consumers over the next five year, an Alibaba spokesman said. Alibaba Group Holding Ltd (BABA.N) expects the initiative to … Read more
Snapchat may be banned in China, but that isn’t stopping the messaging app’s parent company from building a toehold in the world’s most populous country. Snap Inc. says it has opened a technology office in the southern city of Shenzhen to focus on Spectacles, the startup’s camera-equipped sunglasses that can send footage to users’ Snapchat … Read more
More than One million Yahoo accounts have been hacked The White House has said the FBI is investigating the cyber attack on the internet company Yahoo – which could have resulted the theft of data from more than a billion accounts, reports BBC World Service. It’s the second security breach revealed this year – in … Read more
Yahoo has said more than one billion user accounts may have been affected in a hacking attack dating back to 2013. The internet giant said it appeared separate from a 2014 breach disclosed in September, when Yahoo revealed 500 million accounts had been accessed. Yahoo said names, phone numbers, passwords and email addresses were stolen, … Read more
Just when you think Yahoo’s security issues can’t get any worse, the company proves you wrong. Yahoo (YHOO, Tech30) disclosed a new security breach on Wednesday that may have affected more than one billion accounts. The breach dates back to 2013 and is thought to be separate from a massive cybersecurity incident announced in September. … Read more
Shares of Japanese technology firm Softbank have soared to their highest level in more than one year in Tokyo trade, jumping 5% at the open. That is on news Chief Executive Masayoshi Son said he will invest $50bn (£39.3bn) in US businesses. But details are lacking on where the money will go and how it … Read more