Category: reportedly

New bidders reportedly emerge for TikTok in the US as powerful critics assail the process
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New bidders reportedly emerge for TikTok in the US as powerful critics assail the process

The Wall Street Journal is reporting that TikTok and Twitter have held talks about a potential merger, even as the video sharing company defends itself against President Donald Trump’s pressure to force the sale of the business or potentially ban it. As the internationally distributed video streaming version of Chinese technology developer Bytedance’s social media…

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Google reportedly cancelled a cloud project meant for countries including China
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Google reportedly cancelled a cloud project meant for countries including China

Updated with Google’s full statement After reportedly spending a year and a half working on a cloud service meant for China and other countries, Google cancelled the project, called “Isolated Region,” in May due partly to geopolitical and pandemic-related concerns. Bloomberg reports that Isolated Region, shut down in May, would have enabled it to offer…

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Uber reportedly agrees to acquire Postmates for $2.65 billion
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Uber reportedly agrees to acquire Postmates for $2.65 billion

Uber has reportedly agreed to buy Postmates in an all-stock deal worth $2.65 billion. According to Bloomberg, the deal may be announced on Monday morning. Like other travel- and transportation-related businesses, Uber’s ride-hailing segment has been negatively impacted by the COVID-19 pandemic, due to shelter-in-place orders throughout the United States. On-demand delivery, however, has grown,…

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SoftBank reportedly plans to sell about $20 billion of its T-Mobile shares
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SoftBank reportedly plans to sell about $20 billion of its T-Mobile shares

SoftBank Group Corp. is currently seeking buyers for about $20 billion of its shares in T-Mobile US, according to reports in the Wall Street Journal and Bloomberg. If the proposed sale goes through, its proceeds could help offset SoftBank’s heavy investment losses over the past year. According to its first-quarter earnings report yesterday, SoftBank’s Vision…

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TSMC reportedly stops taking orders from Huawei after new U.S. export controls
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TSMC reportedly stops taking orders from Huawei after new U.S. export controls

Taiwanese Semiconductor Manufacturing Co., the world’s largest contract semiconductor maker, has stopped taking new orders from Huawei Technologies, one of its largest customers, according to the Nikkei Asian Review. The report said the decision was made to comply with new United States export controls, announced last Friday, that are meant to make it more difficult…

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‘The Lovebirds’ reportedly skipping theaters and heading to Netflix
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‘The Lovebirds’ reportedly skipping theaters and heading to Netflix

Netflix is picking up “The Lovebirds,” an upcoming romantic comedy starring Kumail Nanjiani and Issa Rae. “The Lovebirds” reunites Nanjiani with director Michael Showalter. Their previous collaboration, “The Big Sick,” was distributed by Amazon Studios, who gave it a theatrical release before moving to streaming. This is part of the ongoing fallout from the COVID-19…

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