Technology 

Google to buy data migration company Alooma in cloud push

FILE PHOTO: The outside of the Google offices in Manhattan, New York City, New York, U.S., January 18, 2019. REUTERS/Mike Segar/File Photo (Reuters) – Alphabet Inc’s Google said on Tuesday it will buy data migration company Alooma, as part of efforts to catch up with bigger cloud service rivals Amazon.com Inc and Microsoft Corp. Google trails Amazon and Microsoft in the fast-growing business of helping companies move to the cloud, with Google Cloud holding 8.5 percent of worldwide cloud market share at the end of 2018, according to Canalys. Amazon…

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Sports 

Saudi Arabia denies crown prince seeks to buy Manchester United

FILE PHOTO: Saudi Arabia’s Crown Prince Mohammed bin Salman attends a graduation ceremony for the 95th batch of cadets from the King Faisal Air Academy in Riyadh, Saudi Arabia December 23, 2018. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS DUBAI (Reuters) – Saudi Arabia’s crown prince is not seeking to buy Premier League football club Manchester United, the kingdom’s media minister said on Monday, denying reports and adding that there had only been a meeting with the Saudi wealth fund regarding sponsorship. Reports that Mohammed Bin Salman intends to…

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Technology 

Japanese self-drive cars map developer to buy rival U.S. startup for $200 million

(Reuters) – Japanese map platform developer Dynamic Map Platform announced on Wednesday it plans to acquire Detroit-based map startup Ushr for up to $200 million in a bid to widen its geographical footprint in the burgeoning self driving cars market. Dynamic Map Platform counts Japan’s Toyota Motor, Nissan and Honda among its investors, while Ushr provides 3D mapping data to General Motors. The move comes as the Japanese car makers seek to challenge Alphabet Inc’s Google and Chinese rivals in the mapping business. For the acquisition, Dynamic Map Platform said…

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Technology 

Japanese self-drive cars map developer to buy rival U.S. startup: Nikkei

(Reuters) – Japanese map platform developer Dynamic Map Platform plans to acquire Detroit-based Ushr for nearly 20 billion yen ($181.1 million) in a bid to cement a stronger position in the burgeoning self driving cars market, the Nikkei newspaper said. Dynamic Map Platform would acquire U.S. map startup Ushr as it seeks a stronger position to challenge Alphabet Inc’s Google and Chinese rivals, the Japanese daily said on Wednesday. The takeover bid was expected to be lodged as soon as Wednesday, Nikkei reported. Dynamic Map Platform, which counts some of…

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Technology 

Amazon to buy wi-fi startup eero

FILE PHOTO: The logo of the web service Amazon is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illustration/File Photo (Reuters) – Amazon.com Inc said on Monday it has signed an agreement to buy eero, a startup company that makes home routers, to help customers better connect smart home devices. Terms of the deal were not disclosed. (reut.rs/2tg7Qur) Eero, was founded in 2014 and is headquartered in San-Francisco. It has raised $90 million from First Round Capital, Menlo Ventures, AME Cloud Ventures, Initialized Capital, Homebrew Ventures and others, according…

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Technology 

Brookfield in talks with India’s Reliance Industries to buy tower, fibre assets: report

MUMBAI (Reuters) – Canadian private equity firm Brookfield Asset Management is in preliminary talks with India’s Reliance Industries to buy a stake in its optical fibre and telecom tower assets, The Times of India newspaper reported on Friday. FILE PHOTO – People walk to Brookfield Place off Bay Street on the day of the annual general meeting for Brookfield Asset Management shareholders in Toronto, May 7, 2014. REUTERS/Mark Blinch Reliance Industries Ltd said in December it planned to separate its fibre and tower business from its telecom arm Reliance Jio…

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Technology 

Tesla to buy battery tech maker Maxwell Technologies for $218 million

(Reuters) – Tesla Inc has agreed to buy energy storage company Maxwell Technologies Inc for $218 million in an all-stock deal that could help the electric car maker produce batteries that hold more energy and last longer at a time when it needs to cut costs and faces growing competition. A Tesla car is seen in Santa Monica, California, United States, October 23, 2018. REUTERS/Lucy Nicholson Tesla is rapidly increasing production of its Model 3 sedan and needs to lower the price to reach a broader customer base than its…

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Technology 

Could dancing pandas persuade you to buy new sports shoes?

Image copyright Nike Image caption In Nike’s game a cartoon version of the shopper runs through a virtual landscape Retailers are adopting a range of new technologies to help make the shopping experience more fun and interactive. But will this be enough to slow the High Street’s demise and Amazon’s remorseless advance? Would watching a cartoon version of yourself leaping over aeroplanes and buildings, and encountering dancing pandas on a huge screen, convince you to buy a new sports shoe? Sports clothing giant Nike thinks so. It developed a way…

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Top stories 

Mike Ashley reportedly in talks to buy music chain HMV

Image copyright Getty Images Sports Direct founder Mike Ashley is reportedly in talks to buy music chain HMV. HMV collapsed last month, its second administration in six years, risking 2,200 jobs at 125 stores. Mr Ashley, who owns several high-street retailers has held talks with suppliers of music and entertainment products, Sky News has reported. Sports Direct could not be reached for comment and administrators KPMG also declined to comment. Mr Ashley owns more than 60% of Sports Direct, and through it he has bought retailers including the House of…

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Technology 

Belarus allows traders to buy shares with bitcoin

MINSK (Reuters) – Belarus launched a platform on Tuesday allowing traders to buy shares, gold, foreign exchange and other traditional assets with cryptocurrencies, which it says is the world’s first regulated tokenized securities exchange. An employee of VP Capital, one of the companies which launched a platform allowing traders to buy shares, gold, foreign exchange and other traditional assets with cryptocurrencies, works at an office in Minsk, Belarus January 15, 2019. REUTERS/Vasily Fedosenko Belarus has developed a flourishing IT industry and launched a series of business-friendly reforms after a 2015-2016…

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