Coming far quicker than we suggested late yesterday, Intel Corp. has acquired Altera Corp. at an increased valuation than previously suggested, of $16.7 billion. The news comes after a period where the two agreed to negotiate an acquisition, but couldn’t agree, until today, on a price. According to The Wall Street Journal the price valued Altera shares ...

Smart home package Oomi from Fantem Pty. Ltd. has hit new record highs for a smart home startup on Indiegogo this week as word on what’s on offer continues to spread. Smart home packages aren’t exactly new, and they are a dime a dozen in 2015, but Oomi’s complete smart home package combines the various aspects we’ve seen ...

The Commonwealth Bank of Australia Ltd. (CBA) has signed a deal with Ripple Labs, Inc. that will see the bank implement Ripple’s Bitcoin-inspired Blockchain ledger system for payment settlements between its subsidiaries. CBA Chief Information Officer David Whiteing revealed the bank’s interest in Ripple technology while giving a speech late last week at an Australian ...

Data center provider Equinix, Inc. has acquired smaller British data center group Telecity Group plc for £2.3 billion ($3.6 billion) in a cash and stock deal. Founded in 1998, Telecity claims to be Europe’s leading provider of premium carrier-neutral data centres. Its data centers are said to provide secure and highly-connected environments for the IT ...

Intel Corp.’s efforts in trying to acquire rival chip-making firm Altera Corp. may be close to coming to fruition in the week ahead with reports indicating a deal may be announced as early as Monday. The New York Times reported that the deal would price Altera at $54 a share, a valuation of “more than $15 billion,” although ...

In a case of a Unicron gone wild, Snapchat, Inc. has raised a new round of a staggering $650 million Series F on a valuation of $16 billion. Never shy of a pile of money, Snapchat’s last round closed in March and came in at $200 million Series E on a $15 billion valuation. According to ...

Path, Inc. will be looking for a new name shortly, with the startup having sold its core Path Classic and Path talk apps to South Korean internet company Daum Kakao Corp. The price of the acquisition was not disclosed. Founded in 2010 by former Apple and Facebook Inc. employee Dave Morin, Path was pitched as a more exclusive ...

A Louisiana man was arrested on Thursday on charges relating to his sale of fake coupons on the now defunct Dark web marketplaces Silk Road and Silk Road 2.0 According to the Department of Justice (DOJ,) Beau Wattigney, aged 30, has been charged with conspiracy to commit wire fraud and conspiracy to commit trademark counterfeiting. Wattigney is ...

In its first serious move into the augmented reality space, Apple, Inc. has acquired German startup Metaio GmbH. Founded in 2003 as a spin-off from car manufacturer Volkswagen AG, Metaio makes a number of SDKs and toolkits that assist in the creation of augmented reality apps and is said to have created a Holodeck-style game for iPad. The company ...

Google, Inc. officially announced Android Pay at the Google I/O conference Thursday, a service that will take the good fight to rival services from Apple, Inc. and Samsung Electronics Co. Ltd. The new service, pitched as offering “security, simplicity, and choice,” combines two forms of payment in one: contact point of sale payments using Near ...