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Time Warner on Wednesday announced it has entered an agreement to buy a 10 percent stake in online-streaming service Hulu, in a bid to leverage its lineup of television and film content on multiple viewing platforms. With the new investment, Time Warner will join a joint venture that includes some o...
Didi Chuxing has announced a historic deal to acquire the Chinese ride-sharing operations of rival Uber, which threw in the towel after years of unsuccessful efforts to grow its business in what may prove to be the world's most challenging technology market. Under the agreement, Didi Chuxing acquire...
Tesla Motors on Monday announced that it has reached an agreement to purchase SolarCity. The deal could create the world's first vertically integrated sustainable energy company. The merger would drive efforts to develop rooftop solar systems, and better storage batteries for homes and businesses, a...
Verizon Communications on Monday announced that it had entered into a definitive agreement to acquire Yahoo's operating business for approximately $4.83 billion in cash. The deal, which comes on the heels of Verizon's $4.4 billion AOL purchase last year, will allow it to expand its digital advertis...
Verizon reportedly is close to a deal to buy the core Web assets of Yahoo for $5 billion, which would end a months-long process of jockeying over the future of the struggling company. Verizon emerged as the winner of a lengthy bidding contest to acquire the assets, according to reports that surfaced...
Yahoo on Monday reported second quarter earnings that fell just short of Wall Street estimates but left investors and analysts waiting to hear about progress in finding a strategic investment partner. Negotiations over the potential sale of the company's core assets are under way. The company report...
Softbank Group has agreed to buy British semiconductor maker ARM Holdings for about $31.4 billion in cash, the companies announced Monday. Softbank agreed to pay a hefty premium for ARM, with a price of about $67.28 per ARM share, which is a 42.9 percent premium over the $47.08 closing price as of F...
Google Fiber, the high-speed Internet unit of Alphabet, has agreed to buy Webpass, a San Francisco-based broadband service provider that operates in five major metropolitan areas of the U.S., Webpass announced Wednesday. The deal will allow the combined companies to accelerate the growth of high-spe...
Shares of Tesla Motors fell sharply Wednesday after the company, helmed by Elon Musk, made an offer to buy SolarCity for $2.8 billion. Musk is the chairman and top shareholder of the struggling alternative energy provider. Tesla made the offer Monday, in a letter to SolarCity CEO Lyndon Rive, noting...
Microsoft has entered a partnership with Kind Financial to create an entity that will obtain government contracts to track seed-to-sale compliance in the legalized marijuana business. The new entity, Kind Government Solutions, will provide state, county and local municipalities with tracking informa...
Amazon CEO Jeff Bezos recently announced an expansion of the company's investment in India to the tune of $3 billion -- that was in addition to the $2 billion in investments it announced in 2014. Bezos announced the new investment during the 41st annual U.S.-India Business Council Leadership Summit,...
Microsoft on Monday announced an agreement to buy LinkedIn, the world's largest professional social media network, for $26.2 billion in cash. The acquisition furthers Microsoft's effort to extend the breadth of its content portfolio and to integrate its offerings into its platform of cloud services....
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