Deals

The International Drone Racing Association and ESPN on Wednesday announced a multiyear international media distribution deal. Under the partnership, the network will showcase the 2016 U.S. National Drone Racing Championships, which will be held on Governors Island in New York City this summer. Both ...

The parent company of British tabloid the Daily Mail apparently has entered what's shaping up as frenzied round robin bidding war for Yahoo, a firm that long has worn the mantle of a technology relic incapable of exciting interest. The Daily Mail & General Trust on Monday confirmed a report that...

Verizon reportedly is planning to make a formal first-round bid for the core assets of Yahoo when the company begins fielding offers on Monday. Verizon, whose CEO last month confirmed his company's interest, is working with executives of its AOL subsidiary and three financial advisors to put togethe...

Yahoo is in the midst of a financial freefall, based on a report that claims the company's deal book shows a muddled and confusing financial picture that has made potential investors nervous about any effort to salvage the business. Yahoo's internal presentation for investors paints a picture of a c...

The National Football League on Monday named Twitter its exclusive global partner to live-stream 10 Thursday Night Football games during the 2016 season. Twitter reportedly beat out some of the top content and social media providers for the contract. It will live-stream the games for free to more th...

Foxconn has agreed to purchase a controlling stake in Sharp -- about 66 percent -- for roughly $3.5 billion, the companies announced Wednesday. Foxconn has committed to restoring Sharp's profitability and improving operations, according to the companies. "I am confident that we will unlock Sharp's t...

NTT Data on Monday announced in a regulatory filing that it has agreed to purchase Dell's IT services business for just over $3 billion. Dell reportedly agreed to the sale to help finance its pending $67 billion purchase of EMC. It has 28 bankers underwriting $10 billion of its financing package for...

Starboard Value last week launched a proxy fight to replace the board at Yahoo, blasting the company's management and nominating its own slate of board members. One of Yahoo's largest investors, Starboard has a 1.7 percent stake worth about $570 million. It has been "extremely disappointed with Yaho...

Apple has shifted a portion of its cloud services business from Amazon Web Services to the Google Cloud Platform, according to reports published this week. The company maintained a smaller presence with AWS, as well as its existing relationship with Microsoft Azure. It reportedly is spending $400 mi...

Intel on Wednesday announced its intent to acquire Replay Technologies, the company known for elevating the NBA All-Star Weekend with cutting-edge 3D graphics. Replay develops and maintains what it calls "freeD" -- that is, free dimensional -- technology. Sports fans may have noticed the Matrix-esqu...

Google has been in talks with telecom service providers in India to bring its Project Loon to the subcontinent, Rajan Anandan, Google's managing director for Southeast Asia and India, said in an interview published Monday. The project would deliver Internet access via balloons floating thousands of ...

Microsoft on Wednesday announced that it has reached an agreement to acquire Xamarin, a platform provider for mobile app development. Xamarin's platform will be used in conjunction with Microsoft's Visual Studio, enabling developers to build apps using C# to deliver fully native mobile app experienc...

IBM on Monday announced cloud-focused deals with VMware and Apple at its InterConnect conference. The strategic partnership with VMware would facilitate IBM's positioning in the hybrid cloud services territory and help the company grow its cloud service offerings, according to IBM. Enterprises that ...