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Monday, October 6, 2014

Technology Report: Facebook's WhatsApp acquisition now has price tag of $22 billion

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Facebook's WhatsApp acquisition now has price tag of $22 billion
SAN FRANCISCO (Reuters) - Facebook Inc closed its acquisition of mobile messaging service WhatsApp on Monday, with the final price tag rising an additional $3 billion to roughly $22 billion because of the increased value of Facebook's stock in recent months.
EU Commission nominee moves to reassure lawmakers over U.S. snooping
BRUSSELS (Reuters) - Suspending a commercial data-sharing agreement between the European Union and the United States is still an option for the incoming EU Justice Commissioner if Washington doesn't fully address Europe's concerns over U.S. snooping.
Taking a break: unplugging from smartphones with new apps
TORONTO (Reuters) - Smartphone users feeling overwhelmed by the onslaught of communications and devices vying for their time can turn to new apps to help them take a break and concentrate on other things.
Hewlett-Packard to split into two public companies, lay off 5,000
(Reuters) - Hewlett-Packard Co said it would split into two listed companies, separating its computer and printer businesses from its faster-growing corporate hardware and services operations, and eliminate another 5,000 jobs as part of its turnaround plan.
Patrick Drahi's Altice seeks to buy Oi's Portuguese assets: source
(Reuters) - Billionaire Patrick Drahi's cable and telecoms company Altice SA is looking to acquire the Portuguese assets of Brazilian carrier Oi SA, a source familiar with the matter told Reuters.
Samsung Electronics makes $14.7 billion bet with new South Korean chip plant
SEOUL (Reuters) - South Korean IT giant Samsung Electronics plans to spend $14.7 billion on a new chip facility - its biggest investment in a single plant - leaning on its semiconductor business to bolster profits as its smartphone dominance wanes.
Apple supplier GT Advanced shocks with bankruptcy filing
(Reuters) - GT Advanced Technologies Inc, Apple Inc's partner in a sapphire glass plant in Arizona, filed for bankruptcy on Monday in a stunning turn of events for a company whose fortunes looked bright only a few months ago.
Former U.S. security chief launches cyber crime insurance
LONDON (Reuters) - Former U.S. Homeland Security secretary Tom Ridge has launched a cyber crime insurance product in collaboration with syndicates operating at the Lloyd's of London insurance market, Ridge's new insurance firm said on Monday.
Lockheed Martin in research deal with Israel tech company Yissum
TEL AVIV (Reuters) - Lockheed Martin agreed to conduct joint research with Yissum, the technology transfer company of the Hebrew University of Jerusalem, and has the option to purchase exclusive licenses to products resulting from their research.
Israel storage company Reduxio raises funds from Seagate, Intel
TEL AVIV (Reuters) - Israel's Reduxio Systems, a developer of computer storage technology, raised $15 million in a funding round led by Seagate Technology Plc, the company said on Monday.
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