Google to set up first Africa product development centre
Alphabet Inc’s Google is investing in its first ever Africa product development centre in the Kenyan capital Nairobi. This is because it positions itself to serve a growing base of internet users on the continent. By the end of this decade, the continent will host 800 million internet users, the California-based firm said. A third of […]
Elon Musk is sued by share holders
Elon Musk was sued by former Twitter Inc shareholders who claim they missed out on the recent run-up in its stock price because he waited too long to disclose a 9.2% stake in the social media company. In a proposed class action filed in Manhattan federal court, the shareholders said Musk, the chief executive of electric […]
KKR to buy cybersecurity firm Barracuda
KKR & Co Inc said that it plans to buy cybersecurity firm Barracuda Networks from its private equity owner Thoma Bravo, highlighting continued interest in cybersecurity businesses from buyout firms. The announcement, did not disclose financial terms. The deal valued California-based Barracuda Networks at about $4 billion, including debt. Dealmaking in cybersecurity has jumped in recent […]
Google to invest $9.5 BLN in US offices
Alphabet Inc’s Google said that it plans to invest about $9.5 billion across its U.S. offices and data centers this year, up from $7 billion last year. Google said that the investment will create at least 12,000 full-time jobs in 2022 and focus on data centers in several states including Nevada, Nebraska and Virginia. The company […]
Sony, Nintendo pledge ‘roll-over’ gaming contract changes in Britain
Britain’s competition regulator said that it had secured commitments from Japan’s Sony and Nintendo. This is to make it clear to customers how the companies automatically renew online gaming subscriptions. And that too after a three-year sector investigation. The Competition and Markets Authority (CMA) began its inquiry to check whether roll-over contracts for gaming services from […]