Tech

EU to slam Google with another $5 billion fine
Tech

EU to slam Google with another $5 billion fine

Search and Internet advertising giant, Google Inc., could be paying another major fine to the European Union. According to a Bloomberg report, the EU will be fining the Google up to $5 billion for Android antitrust violations. According to Verge which quoted the Bloomberg report, the European Commission has settled […]

KKR invests $400 million in AppLovin
Global Tech

KKR invests $400 million in AppLovin

America’s KKR said it will invest the sum of $400 million into AppLovin to give the app developers of all sizes the ability to finance, market, and grow their businesses. AppLovin was founded in 2012 into the mobile gaming user acquisition and monetization space and has expanded to offer a […]

What IGTV means for TV
Marketing Tech

What IGTV means for TV

Some few weeks ago, Facebook Inc., the owner of Instagram announced the launch of IGTV, a video streaming platform on Instagram. Despite the fact that Instagram was created for picture-sharing, it has morphed into a multimedia social network. Facebook said in its launch statement that its idea of IGTV was […]

Naspers-backed Movile raises $124 million
Global Tech

Naspers-backed Movile raises $124 million

Naspers said it alonside Brazilian investment fund, Innova Capital invested US$124million dollars in Movile. Naspers said in a statement that the fresh capital will be used for the expansion of several of the group’s companies, including Zoop and Sympla, in addition to scaling iFood’s business with an investment in logistics. […]

Orange join forces with Europol to fight Cybercrime
Tech

Orange join forces with Europol to fight Cybercrime

In a bid to combat Cybercrime and major attacks, Orange has signed a memorandum of understanding (MoU) with Europol, the European Union Agency for Law Enforcement Cooperation. With this agreement, the two organisations are combining their efforts to make cyberspace safer for individuals, businesses, and governments and prevent cybercrime. Jean-Luc […]

Altaba sells major stake in Yahoo Japan
Global Tech

Altaba sells major stake in Yahoo Japan

Former Yahoo Inc., said it has sold 613,888,888 shares of Yahoo Japan Corporation common stock that it currently holds to SoftBank Corp. for JPY 360 (approximately US$ 3.26) per share in cash. The price is the closing price of Yahoo Japan common stock as quoted on the Tokyo Stock Exchange […]

Sonos files for IPO
Global Tech

Sonos files for IPO

Wireless speaker maker, Sonos has filed for an initial public offering. Sonos, a lean company backed by KKR Stream Holdings LLC, Sonos has grown to become a big player in the competitive home audio market, battling established players such as Bang & Olufsen, Bose and Sony as well as iPhone […]