Maria Deutscher
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Wireless carrier Rogers receives key approval for proposed $14.77B Shaw acquisition
An antitrust tribunal has ruled that Rogers Communications Inc., Canada’s largest wireless network operator, may complete its proposed acquisition of rival Shaw Communications Inc. for $14.77 billion. The three-member Competition Tribunal issued the ruling late Thursday. Reuters reported today that industry analysts expect the acquisition to be completed within days. Rogers provides mobile broadband, home ...
Twitter reportedly closes Sacramento data center as part of cost-cutting initiative
Twitter Inc. has closed its data center in Sacramento as part of an effort to reduce operating expenses, the New York Times reported on Thursday. Twitter staffers disconnected the data center last week, days before the company experienced a widespread outage that lasted several hours. More than 10,000 users in the U.S. were affected. According ...
White House antitrust adviser Tim Wu to depart next week
White House antitrust adviser Tim Wu, who helped shape the Biden administration’s competition policy, will leave his role next week. The White House announced Wu’s departure today. “We had the rare opportunity in this Administration to try and steer the giant battleship of antitrust policy in a new direction,” Wu (pictured) said in a statement ...
Amazon starts rolling out its Prime Air drone delivery service
Amazon.com Inc. has begun delivering packages using drones, Ars Technica reported on Wednesday. The online retail and cloud computing giant plans to offer drone deliveries through a service called Prime Air. This week, the service became available to residents of Lockeford, California and College Station, Texas. Amazon intends to expand the availability of Prime Air ...
Ireland to examine Twitter data breach that may affect 400M+ users
Ireland’s privacy regulator today announced that it will examine a recently disclosed data breach that may affect more than 400 million Twitter Inc. users. The Data Protection Commission, or DPC, is already investigating the company over a previous breach. The latter incident, which took place in November, involved hackers leaking information belonging to 5.4 million ...
TSMC starts mass-producing three-nanometer chips
Taiwan Semiconductor Manufacturing Co. Ltd. today began mass-producing processors based on its latest three-nanometer chip technology. Bloomberg reported the development this morning. TSMC is the world’s largest contract chip manufacturer. The company makes processors for Apple Inc., Advanced Micro Devices Inc., Nvidia Corp. and other major tech companies. Intel Corp., which competes with TSMC in ...
Report: Instacart lowers internal valuation to $10B
Grocery delivery provider Instacart has reportedly lowered its internal valuation to $10 billion, which represents a significant decrease from the $39 billion the startup was worth last year. The Information reported the development on Tuesday, citing two people familiar with the matter. San Francisco-based Instacart, officially Maplebear Inc., provides a popular grocery delivery app of ...
Intel and VLSI agree to end $4B+ patent lawsuit
Intel Corp. and VLSI Technology LLC have agreed to end a multibillion-dollar lawsuit focused on chip patents. The development was reported by Reuters on Tuesday. The companies disclosed their decision to drop the case in a filing submitted to the U.S. District Court for the District of Delaware. Before ending the suit, VLSI sought more than ...
Amazon reportedly developing new sports streaming app
Amazon.com Inc. is developing a standalone app that will enable users to watch sports content from its growing streaming catalog, The Information reported today. The sports content offered by the company is currently available through its Amazon Prime Video service. It’s unclear when the new standalone app will roll out. Additionally, The Information cited a ...
Report: DOJ launches criminal investigation into FTX hack
The U.S. Department of Justice has launched a criminal probe into the November hacking of FTX Trading Ltd., Bloomberg reported today. The probe is reportedly separate from the criminal charges brought against FTX founder Sam Bankman-Fried. Following the cryptocurrency exchange’s collapse last month, the Justice Department filed an eight-count indictment against Bankman-Fried. Two other senior ...