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business

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Xiaomi targets $50 billion valuation as it considers IPO next year

Chinese smartphone maker Xiaomi is currently in talks about a potential Initial Public Offering (IPO) as early as next year. Top company executives will be hoping for a valuation of at least $50 billion, with some of them optimistically holding out for an even higher figure.

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Qualcomm's board unanimously votes down Broadcom buyout offer

There's a pretty solid chance the phone in your pocket is powered by Qualcomm's silicon, and Broadcom wants a piece of that. Broadcom is so interested that it sent an unsolicited acquisition offer to Qualcomm last week. The chip maker acknowledged receipt of the offer, but today it officially announced that it's not interested.

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Logitech now promises to replace all Harmony Link devices with free Harmony Hub

Logitech took a lot of heat over its recent decision to brick all Harmony Link smart remote systems, and it's apparently taking those criticisms to heart. In a new blog post, the company explains how it's going to try and make everything right. Not only does it explain the (somewhat flimsy) reasoning behind killing the Harmony Link, it pledges to replace all affected devices free of charge.

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G Suite launches Gmail Add-ons for integrating popular third-party apps

G Suite update season is fully upon us, so it seems. First, we got the long-awaited material redesign of Google Calendar, which is available to everyone now that it meets the needs of Google's most important G-Suite customers. Next up, it's Gmail's turn, and although its own makeover is not yet ready, add-ons are being introduced that allow you to integrate third-party apps and increase productivity without needing to leave Google's email client.

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Snap Inc. may be sitting on hundreds of thousands of unsold Spectacles

Snap, the company behind Snapchat, has managed to turn its simple photo sharing and messaging platform into a genuine cultural phenomenon. However, it may have gotten a bit carried away with a quirky piece of hardware announced late last year. Snapchat Spectacles let you take Snapchat pics and video without touching your phone. There was early hype, but the company allegedly mistook a fad for continuing interest.

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August Home acquired by Yale owner Assa Abloy, the world's largest lock maker

Assa Abloy, the world's largest lock and access company, already sells smart home products through its Yale brand (one of the world's most recognized lock makers), but now it wants to expand that part of the business. And that's exactly what it's doing, with the announcement of a deal to purchase fledgling US smart lock firm August Home, known for its smart locks and doorbells with cameras.

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Comcast acquires automation platform Stringify

When it comes to online automation platforms, IFTTT is the name most people know and trust. It's a little limited, though. We've covered Stringify a few times, citing it as a more powerful alternative that can plug into IFTTT. The company apparently caught the eye of Comcast recently, which just had to have it. So, Comcast owns Stringify now.

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Google confirms it will pay $1.1 billion to acquire HTC's Pixel team and license technology

The rumor mill was working overtime over the last few weeks as everyone speculated what a Google acquisition of HTC would look like. Would it be a Motorola situation? Maybe more like Microsoft acquiring Nokia? In the end, it's nothing so extreme as an acquisition. Google and HTC have come to an agreement wherein Google essentially carves out the Pixel business from HTC, leaving the rest to continue making smartphones.

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Google acquisition of HTC could be announced tomorrow as trading halted in Taiwan

Rumors began to percolate early this month that Google and HTC were on the verge of agreeing to a deal that would let Google take over the struggling smartphone maker. Now that rumor is sounding all but inevitable as HTC has halted trading of its shares on the Taiwan Stock Exchange pending a major announcement. However, the acquisition may not be as complete as the Moto deal in 2011.

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T-Mobile and Sprint are apparently still in merger talks

A merger between Sprint and T-Mobile has been rumored for years at this point, and a new report from CNBC claims there two are indeed still at it. An announcement may be a few weeks out, or it may not happen at all, but CNBC reports that the current framework would see T-Mobile and its parent company Deutsche Telekom emerge as the majority owner of the combined carrier.

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