In the background of the election cycle, the U.S. trade war with China continues to rage with Huawei taking some of the most damaging mortars so far. It's unable to import anything even remotely American in nature and has had to make painful adjustments to its operations. One change rumored to fall out of this pivot was a potential sale of its subsidiary Honor. Now, we're learning more details about the multi-billion dollar deal that could land as early as this week.
The podcasting arms race has ratcheted up another notch as satellite radio company SiriusXM has completed its acquisition of podcast production and advertising behemoth Stitcher from E.W. Scripps for $325 million. It's a big deal business-wise, but for listeners, it also means that Sirius's Pandora app is getting a cadre of top podcasts in its catalogue.
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Google may have announced its intention to purchase Fitbit last year, but deals between large corporations like this move slowly. Regulators in both the US and EU have expressed concern about the world's largest ad company gaining access to potentially sensitive health data gathered by Fitbit's wearable devices, and Google's reassurances haven't helped. After an initial review by the European Commission, it has decided to press ahead with an in-depth investigation into the merger that is expected to be completed by December 9.
Earlier today, it was tipped that President Donald Trump was considering to sign an executive order forcing portions of TikTok to be sold off to a U.S. company due to national security concerns, but now the president specified his plans to reporters aboard the Air Force One, as the Washington Post reports. "As far as TikTok is concerned, we’re banning them from the United States," he said.
Last week it came to light that SoftBank may be trying to sell chipset design firm ARM, and according to a new report from Bloomberg, Nvidia could be interested. Citing the usual "people with knowledge," Nvidia has apparently approached ARM to court a deal with the Cambridge company.
Google is acquiring smart glasses manufacturer North Inc., reportedly to the tune of $180 million, shoring up its own hardware, wearable, and "ambient computing" efforts with the acquisition. Google saw limited success with its own "Google Glass" smart glasses, though the project lives on. The new purchase could also complement Google's acquisition of Fitbit.
One of the laces left untied in the closure of the Sprint and T-Mobile merger was the condition that the combined carrier would sell prepaid entity Boost Mobile to Dish Network. Now, after a blip of a possibility that the satellite company would back out of negotiations, the two have officially locked into the divestiture deal.
Uber spent 2019 shedding its loss-making businesses and laying off staff on a global scale in a bid to become profitable. The latest to get the ax is the Indian arm of Uber Eats, which has been sold to the local rival Zomato. Uber Eats ceased all of its operations in the Asian market earlier today, following a blog post by Zomato founder Deepinder Goyal.
Online shopping and delivery have made it easier than ever to find and purchase new products, but those benefits haven't fully carried over to physical stores, especially for smaller merchants. In an effort to help out, a company called Pointy has developed some tech that it's been using with Google to let local retailers maintain an up-to-date online catalog of their in-store inventories. Now Google's looking to bring Pointy's assistance to even more stores, as it announces its intention to acquire the firm.