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Australia and Telstra partner to buy Digicel Pacific
The Australian government and the country's telecom operator group Telstra have joined forces to buy Digicel Pacific in a $1.6bn deal. Telstra called deal a "unique and very attractive commercial opportunity to boost our presence in the region". The move has been perceived as a political block to the influence of China, which was rumoured to be interested in acquiring Digicel Pacific.
PayPal denies reports of $45bn Pinterest deal
PayPal has poured cold water over rumours it is lining up a blockbuster $45bn deal to buy Pinterest. In a brief statement, it said: "In response to market rumours regarding a potential acquisition of Pinterest by PayPal, PayPal stated that it is not pursuing an acquisition of Pinterest at this time." In premarket trading, PayPal's stock price increased by 6.2% to $255.20 after the statement.
Microsoft snaps up Clear Software
Microsoft has completed the acquisition of Clear Software. Clear Software provides iPaaS and business process solutions with strong connectivity into SAP and Oracle. Clear Software’s API access and system knowledge will strengthen Microsoft Power Platform’s integration with outside systems and accelerate how customers leverage data and processes that reside beyond Microsoft first-party services.
Intel planning $4.7bn chip plant in Italy - report
Intel is in talks with Italian authorities over a $4.7bn semiconductor plant, reports Reuters. Germany is the frontrunner for an Intel "megafactory" but Italy is now trying to woo the Silicon Valley giant away from other EU countries as it plans more sites. It is prepared to invest public money to get the project off the ground. Intel has ruled out the UK as a possible destination due to Brexit.
SoftBank in talks to sell robotics business - report
SoftBank is lining up the sale of its French robotics business, according to Reuters. U.S.-based United Robotics Group (UGR) are set to acquire the unit, which was behind SoftBank's Pepper Android. UGR has been working as SoftBank's master distributor for its robotics products. Sources told Reuters however that talks are ongoing and plans could change. SoftBank hasn't officially commented.
Vodafone to add 7,000 software engineers by 2025
Vodafone plans to add 7,000 software engineers to its team by 2025. It is aiming to build a "global software brand" to improve its offering around the Internet of Things, networking and cybersecurity. Services will be offered primarily through Europe and Africa. "Vodafone is shifting up the gears to support the digital transformation that businesses and society are undergoing," said its CTO.
PayPal eyes $45bn Pinterest acquisition - report
PayPal is lining a bid of $45bn to buy Pinterest, reports Bloomberg. The move would represent the biggest ever purchase of a social media company. PayPal could take advantage of the growing habit of people buying items promoted on platforms like Pinterest. It would also add advertising as a new revenue stream. Sources also told Bloomberg that no deal was certain and that terms could change.
Hex raises $16m for collaborative data workspace
Hex Technologies, which has created a platform to help companies simplify how they use their data, has raised $16m in new funding. The Series A round was led by Redpoint Ventures. "We’re on a mission to help everyone do more with data, together," said Barry McCardel, Hex’s co-founder and CEO. Hex's technology is a combination of data notebooks and apps which helps data scientists share insights.
Facebook set to rebrand in line with metaverse ambitions - report
Facebook is planning to change its company name, reports The Verge. Mark Zuckerberg looks set to make an announcement at the company’s annual Connect conference next week. The name change is designed to align the brand with Facebook's metaverse ambitions. The company has come under scrutiny because of whistleblower revelations in recent months. It didn't officially comment on the Verge story.
Skyflow lands $45m for data privacy via APIs
A startup which uses APIs to help organisations embed data privacy has raised $45m in new funding. Skyflow says its technology can help tech teams meet increasingly complex privacy regulations in their cloud environments. Its API-delivered service stores sensitive customer data in "privacy vaults". Santander was among those to invest in the round, which was led by Insight Partners.
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