Google-Fitbit Deal: US Antitrust Lawmaker Frustrated With Acquisition

Lawmakers pressed top US antitrust enforcers on their probes of tech giants Alphabet’s Google, Facebook, Amazon, and Apple on Wednesday, with the chair of a House subcommittee expressing frustration over the companies’ continued acquisitions. In a hearing of the House Judiciary Committee’s antitrust subcommittee, Makan Delrahim, the head of the Justice Department’s antitrust division, said his investigative staff…

Oracle, VMware Agree to Deal on Cloud Technology, Technical Support

Oracle Corp <ORCL.N> and VMware Inc <VMW.N> on Monday announced a deal designed to resolve years of tension over how Oracle handles technical support for VMware users and make it easier for them to move to Oracle’s cloud computing service. Oracle is competing against Amazon.com, and Microsoft to offer cloud services, where businesses use Oracle’s data…

Naspers to Spin Off Internet Businesses in Euronext Listing

Tencent shareholder Naspers plans to float a portion of its e-commerce ventures on Euronext in Amsterdam, a move South Africa’s biggest company said on Monday will create Europe’s largest listed Internet group. As well as holding a one third stake in China’s Tencent, which is worth around $122 billion, Naspers also owns other assets such…

TRAI Refutes Claims of Rise in Bills After New DTH and TV Norms

Photo Credit: Facebook/ TRAI TRAI Chairman R S Sharma Rubbishing claims that the new broadcast tariff regime would increase bill amounts of cable TV and DTH subscribers, the Telecom Regulatory Authority of India (TRAI) on Wednesday said the new framework may actually decrease TV bills. The statement comes after a Crisil report on Monday said…