Deals

Uber has nailed down a record $3.5 billion investment from the Saudi Arabian Public Investment Fund -- the largest-ever investment in a closely held technology firm. The investment is part of a deal that will allow Uber to expand its Middle East operations. Yasir Al Rumayyan, managing director of th...

Microsoft on Tuesday announced plans to sell 1,500 mobile technology patents to China-based Xiaomi, in a deal that will expand both companies' access to new markets. Microsoft's office apps will gain a stronger foothold in China, while Xiaomi's smartphones will gain a stronger global presence. The ...

Bids for Yahoo's core assets were expected to come in at between $2 billion and $3 billion, far below prior estimates that it could fetch $4 billion to $8 billion at auction, according to a news report published last week. Verizon, which remains the leading candidate for Yahoo's assets, and other co...

Nokia on Wednesday announced its return to the mobile phone and tablet business in connection with a larger agreement by Microsoft to sell its entry-level phone business to HMD Global and FIH Mobile for $350 million. Under the deal, Microsoft will sell its Hanoi, Vietnam, manufacturing facility to F...

AT&T on Monday announced that it has agreed to buy Quickplay Media, which will serve as the backbone for DirecTV's upcoming multiplatform streaming video services. Quickplay, which supports AT&T's U-Verse TV Everywhere service, will support DirecTV Now, DirecTV Mobile and DirecTV Preview, wh...

AT&T on Monday announced that it has agreed to buy Quickplay Media, which will serve as the backbone for DirecTV's upcoming multiplatform streaming video services. Quickplay, which supports AT&T's U-Verse TV Everywhere service, will support DirecTV Now, DirecTV Mobile and DirecTV Preview, wh...

AT&T on Monday announced that it has agreed to buy Quickplay Media, which will serve as the backbone for DirecTV's upcoming multiplatform streaming video services. Quickplay, which supports AT&T's U-Verse TV Everywhere service, will support DirecTV Now, DirecTV Mobile and DirecTV Preview, wh...

Apple CEO Tim Cook on Monday met with executives from Didi Chuxing, just days after the company announced that it had received a US$1 billion investment from Apple. After arriving in Beijing, Cook tweeted out photos of himself taking a taxi with Jean Liu, the president of Didi Chuxing, and of her sh...

Charter Communications and Time Warner Cable last week announced that California regulators approved their planned merger following a series of hearings in which the companies agreed to open access to underserved communities. The California Public Utilities Commission voted unanimously to approve th...

Apple and SAP last week announced an agreement to create applications for the iPhone and iPad using SAP's HANA data management platform as well as an iOS software development kit and training academy for outside developers and customers. The move marks Apple's latest attempt to break through to the ...

Pivotal last week announced a $253 million round of Series C financing. Led by new investor Ford, together with Microsoft and previous investors GE, EMC and VMware, the deal is expected to close this month. Pivotal's customers include seven of the top 10 U.S. banks, three global automakers and half ...

Amazon has entered a 10-year lease agreement with Atlas Air Worldwide Holdings, the aircraft company announced last week. Under the agreement, Amazon has the right to buy up to 30 percent of Atlas Air. Amazon will lease a fleet of 20 Boeing 767-300 converted freighters -- including crew, maintenance...

Microsoft last week announced the acquisition of Solair, a move to expand its global Internet of Things business. Solair's IoT customization and deployment solutions, which are built on Microsoft's Azure cloud platform, have helped a wide range of businesses improve efficiencies and profitability, a...

Nokia on Tuesday announced plans to purchase Withings for $192 million in cash as part of its move into the healthcare devices arena. The deal is expected to close in early Q3, and Withings will become part of the Nokia Technologies business. "We have said consistently that digital health was an are...