iRobot lays off nearly 140 workers amid $1.7 billion Amazon acquisition
The company said that to better align its cost structure with near-term revenue, it is in the process of initiating
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SoftBank to gain $34 billion from cutting Alibaba stake
The Japanese company will reduce its stake in Alibaba to 14.6 percent, from 23.7 percent, by settling prepaid forward contracts.
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Coinbase reports $1.1 billion in net loss, revenue drops 60% in second quarter
Largest cryptocurrency exchange Coinbase has reported a massive loss in both revenue and profit in the June quarter — logging
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Qualcomm leads the $8.9 billion global smartphone chip market
According to Strategy Analytics, 5G-attached AP shipments accounted for 53 percent of total smartphone AP shipments in the January-March period.
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AppLovin makes $17.5 billion acquisition offer for video game software developer Unity
AppLovin has offered $58.85 for each Unity share, which represents a premium of 18 percent to Unity’s closing price. Unity
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SoftBank posts $17 billion Vision Fund loss on tech slump
SoftBank had booked a record loss at the Vision Fund unit in May as market turmoil driven by rising interest
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Italy, Intel close to $5 billion deal for chip factory
The sources said the government of outgoing Prime Minister Mario Draghi was working to have an agreement in place by
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Avast shares hit record high after $8.6 billion NortonLifeLock deal gets UK nod
NortonLifeLock’s $8.6 billion purchase of rival Avast won provisional clearance from Britain on Wednesday, overcoming the final hurdle to creating
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Semtech to acquire Sierra Wireless in $1.2 billion deal
Semiconductor supplier Semtech Corp will acquire Canada’s Sierra Wireless Inc in a deal valued at $1.2 billion, the companies recently
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Digital wallet users to exceed 5.2 billion globally by 2026, claims report
The total number of digital wallet users will exceed 5.2 billion globally by 2026, up from 3.4 billion in 2022,
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