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Monday, June 16, 2014

Technology Report: Alibaba discloses powerful partners, reveals slowing growth

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06/16/2014
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Alibaba discloses powerful partners, reveals slowing growth
BEIJING (Reuters) - Alibaba Group Holding revealed the members of its powerful 27-person partnership and board on Monday, while disclosing that the Chinese e-commerce giant's growth has slowed from the red-hot pace of recent quarters.
EU to team up with South Korea in global 5G race
BRUSSELS (Reuters) - The European Union is teaming up with South Korea to jointly research the next generation of mobile broadband technology, hoping the Asian country's expertise will help it catch up in a field crucial for economic growth and jobs.
Telefonica to win EU approval for $11 billion E-Plus bid: sources
BRUSSELS (Reuters) - Telefonica will win EU approval for its 8.6-billion-euro ($11.7 billion) bid for KPN's German unit E-Plus after agreeing to let smaller rivals in Germany piggyback on its mobile network, two people with knowledge of the matter said.
Siri software maker Nuance has held sale talks: WSJ
(Reuters) - Software maker Nuance Communications Inc has held talks with potential buyers for its sale, the Wall Street Journal reported, citing people familiar with the matter.
SanDisk to buy Fusion-io to boost flash storage business
(Reuters) - SanDisk Corp is buying Fusion-io Inc for about $1.1 billion to add heft to its fast-growing business of providing flash storage drives to companies.
Hackers steal Dominos Pizza customer data in Europe, ransom sought
BOSTON (Reuters) - Hackers have stolen data on more than 600,000 Dominos Pizza Inc customers in Belgium and France, the pizza delivery company said, and an anonymous Twitter user threatened to publish the data unless the company pays a cash ransom.
Level 3 to buy tw telecom to expand US fiber network
(Reuters) - Level 3 Communications Inc will buy internet services provider tw telecom Inc for more than $5.6 billion in cash and stock to expand its commercial fiber network in the United States.
Medtronic says still has room for more acquisitions
CHICAGO (Reuters) - Medtronic Inc on Monday said it will remain in the market for promising new technologies even as it absorbs Dublin-based medical device maker Covidien Plc in a $42.9 billion cash-and-stock deal.
RLPC-TeamViewer buyout backed with $605 mln-equivalent loan
LONDON (Reuters) - Private equity firm Permira's acquisition of German software firm TeamViewer will be backed with $605 million-equivalent of leveraged loans, banking sources said on Monday.
PayPal expands payment services to Nigeria, 9 other markets
LONDON (Reuters) - PayPal is entering 10 new countries this week, including Nigeria, providing online payment alternatives for consumers via mobile phones or PCs in markets often blighted by financial fraud.
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