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Tuesday, September 24, 2013

Technology Report: Fairfax's BlackBerry deal seeks to forgo Canada takeover review

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09/24/2013
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Fairfax's BlackBerry deal seeks to forgo Canada takeover review
OTTAWA (Reuters) - The investor that has struck a tentative $4.7 billion deal to take smartphone maker BlackBerry Ltd private is aggressively touting his group's Canadian status to avoid the government reviews of foreign takeovers that have plagued recent attempts to buy Canadian companies.
Facebook, other banned sites to be open in China free trade zone: report
SHANGHAI (Reuters) - Facebook, Twitter and other websites deemed sensitive and blocked by the Chinese government will be accessible in a planned free-trade zone (FTZ) in Shanghai, the South China Morning Post reported on Tuesday.
Twitter leaning toward NYSE for IPO: source
NEW YORK/SAN FRANCISCO (Reuters) - Social media network Twitter is leaning toward picking the New York Stock Exchange over Nasdaq for its highly anticipated initial public offering, a person familiar with the matter said.
Judge rejects proposed member of LightSquared auction committee
NEW YORK (Reuters) - A U.S. judge on Tuesday blocked a proposed appointee to a committee to oversee the bankruptcy auction of broadband company LightSquared LP, citing a conflict of interests, and admonished the company for making the nomination.
Apple updates iMac with Intel processors
(Reuters) - Apple Inc said it updated the iMac with fourth generation Intel Corp processors, better graphics, next generation Wi-Fi and faster flash storage options.
Nokia mistaken in saying Elop's contract was same as predecessor's
HELSINKI (Reuters) - Nokia's interim boss Risto Siilasmaa said he erred in describing a clause in former chief executive Stephen Elop's employment contract, which resulted in an 18.8 million-euro ($25.4 million) termination payment, as similar to his predecessor's.
Brazil regulator could demand sale of TIM Participacoes: source
BRASILIA (Reuters) - Brazil's telecom regulator Anatel would demand that Telecom Italia sell its Brazilian mobile operator affiliate TIM Participacoes if Spanish group Telefonica SA acquired 100 pct of Telco, the controlling shareholder in Telecom Italia, a source at Anatel told Reuters on Tuesday.
BlackBerry? Like, so not cool, say young users
LONDON (Reuters) - If you want to know how BlackBerry lost its mojo in a major consumer market, spend some time with a bunch of British teens.
Fairfax consortium bids $4.7 billion to take BlackBerry private
TORONTO (Reuters) - Smartphone maker BlackBerry has agreed to go private in a $4.7 billion deal led by its biggest shareholder, allowing the on-the-go email pioneer to regroup away from public scrutiny after years of falling fortunes and slumping market share.
Applied Materials to buy Tokyo Electron for $9 billion
(Reuters) - Applied Materials Inc will buy rival Tokyo Electron Ltd in an all-stock deal valued at more than $9 billion, combining the No.1 and No.3 makers of chip-making gear as demand for their products slows and it gets tougher to turn a profit.
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