Technology 

Overwatch and Call Of Duty maker to cut 800 jobs

Image copyright Activision Blizzard Video games publisher Activision Blizzard has announced it will lay off about 800 people, despite reporting record revenue in 2018. The company made $7.5bn (£5.8bn) last year, up from about $7bn in 2017. Its chief executive, Bobby Kotick, said the results were “the best in our history” but did not “realise our full potential”. Titles published by the Activision Blizzard group include Call Of Duty, Overwatch and Candy Crush Saga. The Activision Blizzard group is made up of several games studios including Crash Bandicoot publisher Activision,…

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Amazon, GM in talks to invest in electric pickup truck maker Rivian: sources

(Reuters) – Amazon.com Inc and General Motors Co are in talks to invest in Rivian Automotive LLC in a deal that would value the U.S. electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar with the matter said on Tuesday. FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, January 19, 2019. REUTERS/Pascal Rossignol/File Photo The deal would give Amazon and GM minority stakes in Rivian, the sources said. It would be a major boost for the Plymouth, Michigan-based…

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Technology 

Exclusive: Amazon, GM in talks to invest in electric pickup truck maker Rivian – sources

(Reuters) – Amazon.com Inc and General Motors Co are in talks to invest in Rivian Automotive LLC in a deal that would value the U.S. electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar with the matter said on Tuesday. FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, January 19, 2019. REUTERS/Pascal Rossignol/File Photo The deal would give Amazon and General Motors minority stakes in Rivian, the sources said. It would be a major boost for the Plymouth,…

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Technology 

Exclusive: Amazon, GM in talks to invest in electric pickup maker Rivian – sources

FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, January 19, 2019. REUTERS/Pascal Rossignol/File Photo (Reuters) – Amazon.com Inc and General Motors Co are in talks to invest in Rivian Automotive LLC in a deal that will value the U.S. electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar with the matter told Reuters on Tuesday. The deal would give Amazon and General Motors minority stakes in Rivian, the sources said. It would be a major boost for the…

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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 

Chinese drone maker DJI uncovers corruption, sees $150 million loss

FILE PHOTO: A DJI Inspire drone hovers during a drone training session for Somali police in Mogadishu, Somalia May 25, 2017. REUTERS/Feisal Omar/File Photo SHANGHAI (Reuters) – China’s SZ DJI Technology Co Ltd, the world’s largest maker of consumer drones, has discovered several cases of serious corruption at the company and expects 2018 losses of more than 1 billion yuan ($150 million) as a result, it said on Friday. The company said it was investigating the cases, which came to light during routine quality control in 2018, and that it…

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Technology 

Israeli games developer Playtika buys Austrian card games maker

TEL AVIV (Reuters) – Israeli mobile games company Playtika said on Thursday it has acquired Austria-based card games firm Supertreat GmbH, just a month after it bought German puzzle developer Wooga GmbH as it seeks to expand further into casual games. Financial terms of the transaction were not disclosed. As part of the acquisition, Israel-based Playtika will add the Solitaire Grand Harvest app to its growing portfolio of casual games. Founded in 2010, the maker of casino-style games, such as Slotomania, for social networks has over 27 million monthly active…

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Tony Colston-Hayter: Brighton fraud machine maker jailed

Image copyright Met Police Image caption The device was used to access bank accounts containing more than £500,000 An “audacious criminal” who built a homemade device to help him defraud hundreds of people has been jailed. Tony Colston-Hayter, 53, used the machine to trick people into thinking he was their banking provider. The Met Police said Colston-Hayter, also known as Tony Muldowney-Colston, had obtained more than £500,000 from the accounts he accessed. Colston-Hayter, from Brighton, was jailed for 20 months at Southwark Crown Court on Wednesday. A search of his…

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Technology 

Exclusive: Logitech in talks to acquire headphone maker Plantronics – sources

(Reuters) – Logitech International SA, a Swiss manufacturer of keyboards and webcams, is in discussions to acquire Plantronics Inc, a U.S. maker of Bluetooth earpieces and gaming headsets, people familiar with the matter said on Friday. FILE PHOTO – Chief Executive Bracken Darrell of the computer peripherals maker Logitech addresses the company’s annual news conference in Zurich, Switzerland April 26, 2017. REUTERS/Arnd Wiegmann The deal would be by far Logitech’s largest acquisition and would illustrate the company’s push to diversify its business. It would come as Logitech and Plantronics seek…

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Technology 

Telecom network maker Nokia reorganizes itself ahead of 5G race

Headquarters of Finnish telecommunication network company Nokia are seen in Espoo, Finland July 26, 2018. Lehtikuva/Mikko Stig via REUTERS (Reuters) – Nokia will merge its mobile networks and fixed networks business groups into a new unit called Access Networks as it takes aim at 5G opportunities, the Finnish firm announced on Thursday. “By creating a single Access Networks organization that includes both fixed and mobile, we can improve our customer focus, simplify our management structure, and more efficiently leverage our full portfolio,” Chief Executive Rajeev Suri said in a statement.…

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