Tue, Aug 26 2014
SAN FRANCISCO - Venture capital firm Kleiner Perkins Caufield & Byer has agreed to invest in fast-growing messaging startup Snapchat at a valuation close to $10 billion, the Wall Street Journal reported on Tuesday, citing people with knowledge of the matter.
SAN FRANCISCO - Apple Inc is preparing to roll out a larger, 12.9-inch version of its iPad for 2015, with production set to begin in the first quarter of next year, Bloomberg cited people with knowledge of the matter as saying on Tuesday.
BRUSSELS - Qualcomm, the world's No. 1 mobile chipmaker, may face a European investigation related to a four-year-old complaint from a subsidiary of rival Nvidia Corp, three people familiar with the matter said on Tuesday.
- Google Inc said it bought Zync Render, the visual effects cloud-rendering technology company behind "Star Trek Into Darkness".
SAN FRANCISCO/NEW YORK - Investors are looking over portfolios to make room for Chinese e-commerce giant Alibaba Group Holdings Inc's market debut next month - and that means some less attractive stocks that funds are holding might be shown the door.
BEIJING - China's privately-held Dalian Wanda Group is set to launch a 5 billion yuan ($813 million) e-commerce joint venture with domestic internet giants Tencent Holdings Ltd and Baidu Inc, according to two sources familiar with the investment.
- RadioShack Corp's second-largest shareholder, Standard General LP, is negotiating a rescue package with investors to help the consumer electronics retailer ward off bankruptcy, Bloomberg reported, citing people with knowledge of the matter.
WASHINGTON - AT&T Inc is merging its wireless and business divisions into a single unit led by Ralph de la Vega, former chief executive of the company's wireless segment, a spokesman for AT&T said on Tuesday.
- Digital video recorder maker TiVo Inc reported better-than-expected quarterly profit and revenue due to strong growth in subscribers through cable TV partners such as Virgin Media in the UK, ONO in Spain and Com Hem AB in Sweden.
MILAN - Telecom Italia will make a bid valued at roughly 7 billion euros ($9.2 billion) for Vivendi's Brazilian broadband unit GVT , which would leave Vivendi with a 15 to 20 percent stake in the Italian group, said four people familiar with the matter.
Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.