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Banco Santander Acquires Wirecard’s Tech Assets

German based payment processor and financial service provider Wirecard AG (ETR: WDI) has sold its tech platform together with its tech assets to Spain based financial services provider Banco Santander SA (BME: SAN). The sale was announced by Wirecard’s insolvency administrator Michael Jaffe “Banco Santander will acquire the technology platform of the payment service provider […]

Digital Rights Group Files Complaints Against Apple’s Tracking Tool

Privacy activist Max Schrems led digital rights group Noyb in filing complaints against an online tracking tool owned by Apple Inc. (AAPL) the group made the filing with Spanish and German data protection authorities. In the filing the group claims the online tracking tool allows IPhones to store users’ data without permission from the users […]

Huawei Selling its Smartphone Brand Honor

Leading Chinese tech giant Huawei Technologies Co Ltd will be selling its budget brand smartphone unit Honor with an aim of keeping the brand alive. Huawei will be selling the smartphone brand to a consortium of more than 30 agents and dealers. On Nov 17 the consortium issued a statement announcing the deal. The deal […]

Simon Property Scales Down Buying Price for Taubman Stake by 18%.

U.S based commercial real estate company Simon Property Group Inc. (SPG) will be cutting down its purchase price for an 80% stake in fellow real estate investment company Taubman Realty Group (TRG). During a joint statement the companies said Simon Property will be reducing its purchase price by 18% due to what the companies call […]

Bolt Will be Investing $118 Million in Europe’s e-Scooter Market in 2021

Ride hailing company Bolt will be investing more than 100 million euros ($118 million) in European e-scooter market come 2021. Following this investment the Estonia based will become the largest e-scooter rental company in Europe. The company is intending to introduce 130,000 scooters to 100 cities across Europe in 2021. CEO and co-founder of Bolt […]

Apollo Global to Acquire Great Canadian Gaming for $1.66 Billion

Apollo Global Management (APO) will be purchasing Great Canadian Gaming Corp (GC) in a deal worth C$2.16 billion ($1.66 billion). Apollo says it will use cash managed by its affiliates to finance the deal. Apollo is offering C$39 per share which represents a 34.9% share premium of the stock’s closing price on November 10. The deal […]

Microsoft Launches Next Generation Xbox Consoles

Microsoft Corp. (MSFT) has launched two new models Xbox gaming console. The consoles dubbed Xbox Series X and Xbox Series S will be going for $499.99 and $299.99 respectively. The company says the Xbox Series X is the most powerful gaming console in the world. The lower priced Xbox Series S is already facing backlash […]

Apple Introduces MacBook Using Its Own Processor

Tech giant Apple Inc. (AAPL) introduced MacBook Air notebook together with other devices which for the first time will be using its own in-house designed processor in a move that will even technologically link Apple’s devices closer together. The new processor chip dubbed the M1 is seen as a breakthrough by developers since it will […]

Adobe to Purchase Workfront in a Deal Worth $1.5 Billion

Multimedia and creativity software products company Adobe Inc. (ADBE) will be purchasing Workfront, a marketing work management startup in a deal worth $1.5 billion. Adobe believes this acquisition will helps its clients link better especially at this time when many workers have been pushed to work from home due to unavoidable circumstances courtesy of the […]

Walmart to Lose $1 Billion After Selling Operations in Argentina

U.S based and world largest retailer Walmart Inc. (WMT) has concluded to sell off its operations in Argentina which is currently going through an economic recession catalyzed by the coronavirus pandemic. Walmart said it will incur a $1 billion after-tax, non-cash loss resulting from this sale. The retailer will be selling these operations to Grupo […]