After Sony, Samsung becomes the second company to quit the PC market in Europe allegedly due to low sales as users are more interested in mobile devices including tablets. Samsung has confirmed…
Category: Business
Adobe takes Aviary’s photo-editing platform into its fold
Adobe: This acquisition is both a complement and an accelerant to our vision for mobile creativity. As a company serving the creative world, Adobe has a responsibility to remove friction from the creative process and enable the creative world to create in new and remarkable ways. The Aviary team will play a crucial role helping build and connect the next generation of creative applications.
Huawei shells out $25 million for Neul
Huawei: Huawei is delighted to have acquired Neul and its ground-breaking innovations in the IoT. Huawei has no doubt that the IoT market offers huge scope to expand and to deliver important new services and solutions to our customers.
1700 Phones4U employees to lose jobs as 362 stores face eminent closure
362 of the retailer’s stores will wind up, immediately costing 1,697 staff their jobs.
Apple: No plans to shut down Beats
“It’s not true,” Tom Neumayr, a spokesman for Apple said about the recent report that Apple plans to shut down Beats Music.
EMC in talks with Dell & HP; considers merger & sale options
Merger discussions with HP have reportedly ended up over financial terms, while there isn’t any information related to the talks with Dell, as of now.
Microsoft starts doing away with the Nokia brand
The landing page of the UK version of Nokia.com reads, “Step inside our new home. Nokia devices and services have moved to a new website.”
Yahoo acquires India-based cloud docs startup Bookpad
Yahoo’s acquisition spree has just hit India as the tech giant bags Bangalore-based year-old startup Bookpad, which specializes in providing cloud-based document hosting and editing capabilities. The yet-to-be official acquisition has cost…
EE to buy 58 Phones 4U stores; move will save 359 jobs
Phones 4U nose-dived into administration last week.
SAP to buy Concur Technologies in an $8.3 billion deal
Bill McDermott, CEO of SAP: This is one of the fastest growing software-as-a-service businesses in the world. There is no No. 2 to Concur — they essentially own this market.
Vodafone bags 140 Phones4U stores to save 900 jobs
Vodafone: Vodafone UK today confirmed that it was approached by the Phones4u administrator and decided to make an offer to buy 140 of its stores as a way to accelerate our retail expansion programme and save hundreds of job.
TwitPic acquired; service to stay alive
TwitPic has just revealed that it has been acquired, however, has stopped short of revealing anything about the buyer.
Microsoft axes another 2,100 jobs in second round of layoffs
The software giant is axing 160 jobs in California, another 747 in the Seattle area with the rest to be spread across its global operations, a Microsoft spokesperson said.
EE, Vodafone and Dixons Carphone vying for Phones4U
“If we don’t get positive conversations with those people over the next 48 hours we’ll face little choice but to liquidate the position,” said one of the administrators.
Microsoft to announce second round of layoffs today?
The layoff is expected to happen today, September 18 and that it is believed that the job cuts would affect just about every group or division at the software giant.