Markets

United States based company specializing on providing engineering and technology services for industrial, commercial and consumer markets Emerson Electric Co. (EMR) is considering to merge its software units with Aspen Technology Inc. (AZPN). Aspen Technology engages in asset optimization software helping industrial companies run their operations more safely and efficiently. This merger deal is valued […]

Leading social network company Twitter Inc. (TWTR) announced having reached an agreement to sell its mobile ad unit MoPub to AppLovin Corp. (APP) in a cash deal worth $1.05 billion. AppLovin is a tech company which gives mobile app developers most powerful set of solutions to grow their apps. Twitter says that it resolved to […]

Online streaming and movie production company Netflix Inc. (NFLX) has acquired video game creator Night School Studio, the company says this acquisition deal is aimed at diversifying its revenue sources especially now when the streaming market is highly competitive. This goes down as the first gaming studio acquisition by Netflix, Night School Studio is popularly […]

Giant tech company and manufacturer of consumer electronics Samsung Electronics Co Ltd (KRX: 005930) is on the verge of resolving to construct a $17 billion chip manufacturing facility in Williamson County in the U.S. state of Texas. In a filing with Texas State officials, Samsung said this plant will be manufacturing advanced logic semiconductor chips […]

United States based private investment company Vista Equity is set to acquire UK based software company Blue Prism Group PLC (LON: PRSM) in a deal worth $1.5 billion (1.1 billion pounds). Blue Prism engages in making enterprise robotic process automation software which provides a digital workforce designed to automate sophisticated end-to-end operational activities. Vista Equity […]

The lower house of congress in Philippines has approved a bill which imposes a 12% value added tax (VAT) to big technology companies operating in the country. The lawmakers voted 167:6:1 in favor of the bill which affects multinational companies like Google, Facebook Inc. (FB), Apple Inc. (AAPL) and Netflix Inc. (NFLX). The 12% will […]

Social network company Twitter Inc. (TWTR) says that it will part with $809.5 million to settle a 2016 shareholder class action lawsuit in which it was accused of deceiving investors how frequently individuals use its social media platform. Back in 2016, shareholders of the company sued Twitter after discovering the company artificially inflated the price […]

Japan based manufacturer of motorcycles and automobiles Honda Motor Co. (TYO: 7267) says that it’s 70,000 annual sales of electric Prologue sport utility vehicle in the United States starting from 2024. The sport utility electric vehicle by Honda is set to hit the market on 2024. In addition, the company said it plans to have […]

According to leaked United States government emails, an official from the United States trade criticized an earlier move by the Indian government to ban further terming it as a ‘draconian’ move which caused resulted to panic. According to the documents, the United States government expresses its frustrations with the decision by the central bank of […]

Snap Inc. (SNAP) the parent company of widely used photo messaging and short video platform Snapchat has appointed its first ever global head of user safety on its platform as part of its new ramped up measures of increasing user safety across its platform. In recent times, social media companies have been facing increasing pressure […]