With Microsoft wanting to consider an internal employee for its new chief and its rumored shortlist dwindling with the promotion of Steve Mollenkopf as new Qualcomm chief, a TechCrunch report said the tech giant's new CEO might be Microsoft Cloud and Enterprise chief Satya Nadella by default.
Technology Equipment
Centerbridge backs out of deal to acquire LightSquared
Private equity firm Centerbridge Partners has abandoned the deal to buy bankrupt LightSquared. Centerbridge, which had offered $3.3 billion for LightSquared, is uncertain over when federal regulators would approve the company's proposed building of a wireless network.
California stealth firm Luxvue nabs $25.2M for micro-LED tech project
Santa Clara, California-based stealth micro-LED technology firm LuxVue Technology Corp has raised $25.2 million in funding, according to a filing with the Securities and Exchange Commission.
Google acquires robotics company Boston Dynamics
Google Inc. on Friday announced that it had completed the purchase of engineering and robotics company Boston Dynamics. Boston Dynamics is the eight robotics firm that the Internet giant has acquired in the last half-year.
Louisiana Sheriffs' Pension and Relief Fund sues IBM over NSA cooperation
The Louisiana Sheriffs' Pension and Relief Fund sued IBM for its cooperation with the National Security Agency over a spying program that allegedly hurt investors, Bloomberg reported.
Latest News
Israeli water meter developer Arad Group is in advanced talks to buy a 50% stake in a Mexican water-measuring company, a Bloomberg report said. The deal is reportedly worth $10 million and is expected to be closed early next year.
Cell Buddy, an Israeli startup, vows to eliminate the risks of mobile phone users getting charged unexpectedly with roaming fees when traveling abroad, an Associated Press report said.
US-based EchoStar Corp. said it had ended talks with Vivendi SA's subsidiary Global Village Telecom on a proposed partnership in Brazil. The joint venture aims to provide pay TV services in the Latin American country.
California-based hybrid storage solutions provider Nimble Storage is expected to raise $184 million on its debut on the New York Stock Exchange tomorrow with shares priced between $18 to $20 apiece.
Irvine, California-based firm Oculus VR has raised $75 million in a funding round led by venture capital firm Andreessen Horowitz to launch a consumer version of the tech firm's virtual reality goggles.
Texas-based tech giant Dell announced a new $300-million venture capital fund that will support enterprise technologies, big data, cloud computing, next generation data center, security, and mobility startups.
China-based professional laser equipment manufacturer Han's Laser Technology Co bought Israel-based Nextec Technologies in its effort for expansion amid slow growth in the Chinese laser measurement devices market.
US-based mobile payments company Square has made its second acquisition in a week with the purchase of Evenly, an app that helps users share expenses, in a deal with undisclosed financial terms.
San Francisco-based smart kitchen company The Orange Chef has received $1.2 million in funding from Google Ventures and Sparklabs Global Ventures to develop more connected kitchen devices.
