Softbank said it had agreed to sell its 15% stake in Norwegian e-learning group Kahoot toUSprivate equity group General Atlantic FT BV. Kahoot’s share price surged 28% in early trade. General Atlantic in a separate statement confirmed the deal to buy 73.5 million Kahoot shares, but did not disclose the transaction price. Read Also Kahoot’s […]
Kahoot shares rise 28% as General Atlantic buys Softbank’s stake Read More »
Bankrupt crypto lender Celsius Network , filed a request for sale of its stablecoin holdings, in a bid to generate liquidity to fund its operations. The New Jersey-based company intends to sell their current and any future stablecoins it may receive, as needed, to fund its Chapter 11 cases, according to a court document. The
Celsius files for permission to sell its stablecoin holdings Read More »
Alphabet Inc’s Google must face all but one antitrust allegation about its online advertising business brought in a lawsuit by attorneys general for Texas and 16 other states or territories, a federal judge ruled. Google won its motion to dismiss an allegation that a cooperation agreement it struck with Meta Platforms’ Facebook in 2018 was
Texas’ lawsuit on Google’s ad dominance can mostly proceed, judge rules Read More »
Researchers in the Allahabad University (AU) will conduct a study to identify ways in which microgreens — vegetables that are just a few inches tall like cauliflower, broccoli, cabbage, watercress, radish, etc., — can help improve the health of adolescent girls living in Uttar Pradesh villages. A research project “Microgreens value addition for advancement towards
AU researchers to study impact of microgreens on adolescents Read More »
Vivo has announced its plans to expand its portfolio of 5G smartphones with the launch of the Vivo V25 5G in India. Vivo V25 will feature a colour-changing fluorite AG glass design and 8GB of extended RAM The company shared two teasers for the upcoming smartphone on social media, which included a link to the
The US Senate Judiciary Committee scrapped a planned vote aimed at allowing news organisations to win more revenue from Alphabet’s Google and Meta‘s Facebook. “Today we held over the bill in the Judiciary Committee in part because a colleague was out and we needed his vote on one amendment,” said bill sponsor Senator Amy Klobuchar.
T-Mobile US, Inc. said that it had agreed to sell its wireline business to Cogent Communications Holdings, Inc. in a deal that would also see Cogent provide some services to the carrier for a fee. T-Mobile said it expected to record a pre-tax charge of about $1 billion in the third quarter of 2022 to
T-Mobile to offload wireline business to Cogent, expects $1 billion pre-tax charge Read More »
Meta Platforms Inc‘s Instagram is planning to drastically scale back its shopping features as it shifts the focus of its e-commerce efforts to those that directly drive advertising, the Information reported, citing an internal memo. Staff were notified that Instagram’s existing shopping page will eventually disappear, according to the report. Over the next few months
instagram: Instagram to scale back this feature: Here’s why Read More »
Binance, the world’s largest crypto exchange, said it is introducing “BUSD Auto-Conversion,” which will be used to convert any existing user balances and new deposits of USD Coin (USDC), Pax Dollar (USDP) and True USD (TUSD) into its own stablecoin. The move is intended to enhance liquidity and capital efficiency for users, the company said
Binance to convert users’ USDC into its own stablecoin Read More »
Taiwanese battery maker ProLogium Technology Co has shortlisted four European countries – France, Germany, Poland and the United Kingdom – for an $8 billion solid-state lithium battery plant, consulting firm Accuracy. ProLogium has appointed Accuracy to find a location for the plant, which should have a capacity of 120 gigawatt hours (GWh) to supply electric
Taiwan’s ProLogium seeks European site for $8bln battery plant Read More »
