Verizon Communications Inc.’s takeover of Yahoo Inc. has taken an interesting twist, with reports the telco giant is asking for a $1 billion discount off the acquisition price following revelations that Yahoo was hacked. The report came via The New York Post, which claims that the Verizon AOL chief Tim Armstrong, who would run Yahoo ...

In yet another sign of a warming market for stock offerings by technology companies, Snap Inc. is working towards going public in the new year, according to a report published Thursday. The Wall Street Journal claims that the initial public offering of Snap, previously known as Snapchat, could value the company at $25 billion or more, making ...

Singaporean Artificial intelligence data analytics startup Nugit Pte. Ltd. has raised $5.2 million in funding from Sequoia India. Founded in 2013, Nugit uses artificial intelligence, natural language generation, and visual design to help marketers generate more usable reports based on the big data generated by advertising activity. The company’s platform provides analytics for digital marketers and ...

Poor Samsung Electronics Co. Ltd. can’t catch a break when it comes to its fire-prone Galaxy Note 7 line, with a replacement device catching fire during a flight Wednesday. The Galaxy Note 7 device reportedly caught fire on Southwest Airlines flight 944 from Louisville to Baltimore resulting in a full evacuation of the plane, which fortunately ...

The chances of Twitter Inc. being acquired are quickly fading, with multiple reports Wednesday suggesting that all previously mentioned suitors may no longer be interested in placing a bid for the troubled company. According to sources quoted by Recode, Google Inc. does not currently plan to make a bid for Twitter with the company “not ...

Samsung Electronics Co. Ltd. has acquired Viv Labs Inc., the high-profile makers of an artificially intelligent virtual assistant that was founded by the creators of Apple Inc.’s Siri. The price of the acquisition was not disclosed. Founded in 2012, Viv offers an open artificial intelligence platform that gives developers the power to use and build conversational ...

Billionaire bond manager Bill Gross has claimed that people may be better off investing in bitcoin and gold rather than shares, due to the current low interest rate policies of global banks. Gross, who manages the $1.5 billion Janus Global Unconstrained Bond Fund, made the claim in an October investment outlook released to investors of ...

Marketing technology firm Criteo Inc. has acquired performance marketing exchange firm HookLogic Inc. for $250 million. Founded in 2004, HookLogic provides closed-loop marketing for brand advertisers through partnerships with leading retailers and travel companies, with their platform connecting large retail e-commerce sites with consumer brand manufacturers who then compete for online shelf-space via sponsored product ...

Virtual desktop startup Paperspace Inc. has raised a $4 million seed round from Ludlow Ventures, Data Collective, Initialized Capital and a number of individual investors. Founded in 2014, Paperspace is aiming to disrupt the virtual desktop market currently dominated by VMware, Citrix and Amazon with what they describe as a powerful cloud-based computer a user ...

New research has discovered more than 400 apps available on the Google Play Android app store that are infected with a DressCode Trojan malware. Trend Micro Inc. said the malware, also detected as ANDROIDOS_SOCKSBOT.A, was found in over 3,000 Android apps outside of Google Play as well. The malware disguises itself as a legitimate application ...