Tag Archive : Sources

/ Sources

(Reuters) – U.S. supply chain management software firm E2open LLC is nearing a deal to go public through a merger with blank-check acquisition company CC Neuberger Principal Holdings I at a valuation of more than $2.5 billion, including debt, people familiar with the matter said on Tuesday.

An agreement could be announced as soon as Wednesday, the sources said, cautioning that talks could still falter. E2open is owned by private equity firm Insight Partners.

The sources requested anonymity because the matter is confidential. CC Neuberger declined to comment. E2open and Insight Partners did not immediately respond to requests for comment.

CC Neuberger I shares rose as much as 10.7% on the news but pared gains to close 3.2% higher at $10.53.

CC Neuberger I is a special purpose acquisition (SPAC), or shell, company that uses proceeds from an initial public offering to acquire a private company, which then becomes public

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By Joshua Franklin and Echo Wang

(Reuters) – Triller Inc, a budding competitor to popular short-video app TikTok, is in discussions with blank-check acquisition companies about a merger which would take the U.S. social media company public, according to people familiar with the matter.

The deal would come as Triller seeks to capitalize on TikTok’s woes. U.S. President Donald Trump’s administration has ordered TikTok’s Chinese parent ByteDance to divest the app, citing concerns that the data of U.S. citizens could be accessible to China’s Communist Party government. TikTok has sued the U.S. government to stave off a ban from U.S. app stores while deal negotiations continue.

Triller, which was launched in 2015 and only has a fraction of the 100 million users that TikTok boasts in the United States, has said it hopes that the uncertainty over its rival’s future will drive more influencers and users to its platform.

Triller

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FILE PHOTO: John McAfee, co-founder of McAfee Crypto Team and CEO of Luxcore and founder of McAfee Antivirus, speaks at the Malta Blockchain Summit in St Julian’s, Malta November 1, 2018. REUTERS/Darrin Zammit Lupi

BARCELONA (Reuters) – John McAfee, an anti-virus software creator indicted for fraud in the United States, was in jail on Tuesday pending extradition procedures after being arrested in Barcelona airport at the weekend, sources said.

The McAfee software founder was detained on Saturday when about to board a flight to Istanbul with a British passport, a Spanish police source said.

A judicial source said McAfee was then presented to a high court judge through a video call and sent to prison without bail where he will await the extradition process.

A third source, from the Catalonia region’s justice department, said he was in the Brians 1 jail, which opened in 1991 in an industrial area 45

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The Queen has issued a message of support to the British newspaper industry, praising traditional media outlets.

The monarch said that “having trusted, reliable sources of information, particularly at a time when there are so many sources competing for our attention, is vital”.



Elizabeth II wearing a pink hat: Photograph: John Stillwell/AFP/Getty Images


© Provided by The Guardian
Photograph: John Stillwell/AFP/Getty Images


In a letter to the News Media Association, the industry organisation that represents all major national and local newspaper publishers, the Queen said: “The Covid-19 pandemic has once again demonstrated what an important public service the established news media provides, both nationally and regionally.

“The efforts of the news media to support communities throughout the United Kingdom during the pandemic have been invaluable – whether through fundraising, encouraging volunteering, or providing a lifeline for the elderly and vulnerable to the outside world.”

The statement was issued to coincide with the launch of the News Media Association’s Journalism Matters

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By Aditya Kalra

NEW DELHI (Reuters) – Dozens of India’s technology startups, chafing at Google’s local dominance of key apps, are banding together to consider ways to challenge the U.S. tech giant, including by lodging complaints with the government and courts, executives told Reuters.

Although Google, owned by Alphabet Inc <GOOGL.O>, has worked closely with India’s booming startup sector and is ramping up its investments, it has recently angered many tech companies with what they say are unfair practices.

Setting the stage for a potential showdown, entrepreneurs held two video conferences this week to strategise, three executives told Reuters.

“It’s definitely going to be a bitter fight,” said Dinesh Agarwal, CEO of e-commerce firm IndiaMART <INMR.NS>. “Google will lose this battle. It’s just a matter of time.”

He said executives have discussed forming a new startup association aimed chiefly at lodging protests with the Indian government and courts against the

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(Reuters) – Home rental company Airbnb Inc is aiming to raise around $3 billion in its upcoming initial public offering (IPO), people familiar with the matter said on Friday, taking advantage of the unexpectedly sharp recovery in its business after the COVID-19 pandemic roiled the travel industry.

FILE PHOTO: A woman talks on the phone at the Airbnb office headquarters in the SOMA district of San Francisco, California, U.S., August 2, 2016. REUTERS/Gabrielle Lurie/File Photo

Airbnb will be one of the largest and most anticipated U.S. stock market listings of 2020 which has already been a blockbuster year for IPOs, featuring the likes of record label Warner Music Group WMG.O, data analytics firm Palantir Technologies PLTR.N and data warehouse company Snowflake Inc SNOW.N.

Airbnb said in August it had filed confidentially for an IPO with U.S. regulators.

The company’s current plan is to

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By Sankalp Phartiyal



a close up of a person using a cell phone: FILE PHOTO: A salesman checks a customer's iPhone at a mobile phone store in New Delhi


© Reuters/Adnan Abidi
FILE PHOTO: A salesman checks a customer’s iPhone at a mobile phone store in New Delhi

NEW DELHI (Reuters) – Three of Apple Inc’s top contract manufacturers plan to invest a total of almost $900 million in India in the next five years to tap into a new production-linked incentive plan, according to two sources familiar with the matter.

Foxconn, Wistron and Pegatron all plan to make investments under the scheme, said the sources, who asked not to be named as the discussions are private.

India’s new $6.65 billion production-linked incentive (PLI) scheme offers companies cash incentives on any increase in sales of locally-made smartphones over the next five years, compared with 2019-20 levels. The scheme aims to help transform India into an export manufacturing hub.



a close up of a tent: FILE PHOTO: Workers adjust a hoarding of the newly launched iPhone XS in Ahmedabad


© Reuters/Amit Dave
FILE PHOTO: Workers adjust a hoarding of the newly launched iPhone XS in Ahmedabad

Foxconn

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Some of our favorite new electronic gadgets are now known to be causing serious problems with our computers. These gadgets, such as iPods, digital picture frames, and navigation gear, are being sold with pre-installed viruses that are said to be coming from the factories where they are produced, most commonly in China.

As of now, it appears that the viruses are coming from a lack of quality management in the factories. Most likely, once the gadgets come off the assembly line, they are being tested on infected computers. Much like how a human virus spreads, if one computer comes in contact with an infected computer, the virus will spread. Therefore, the infected test computers are infecting the gadgets and then the gadgets are infecting the computers that they are plugged into after they are purchased. If an infected gadget spreads the virus to the consumer’s computer, that computer will then … Read More