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Fridge magnate: Zhang shifts Haier focus for wireless age

QINGDAO, China (Reuters) – The Chinese businessman who built the world’s second-biggest refrigerator, washing machine and air conditioner empire is putting big overseas acquisitions in the deep freeze, to focus on innovation and connectivity – linking his firm...
Posted On 13 May 2015

Worldpay hires Lazard for likely floatation: Sky News

(Reuters) – Payment processing company Worldpay has hired investment bank Lazard as an adviser to prepare for a floatation in London, Sky News reported on Tuesday. Source
Posted On 13 May 2015

Verizon to buy AOL in $4.4 billion mobile video push

(Reuters) – Verizon Communications Inc is buying AOL Inc in a $4.4 billion bet that a push into mobile video and targeted advertising can help the biggest U.S. telecommunications company find new growth avenues. Source
Posted On 13 May 2015

GoDaddy’s revenue rises 17.5 percent due to customer additions

(Reuters) – Web-hosting company GoDaddy Inc posted a 17.5 percent rise in revenue in its first quarterly report as a public company, helped by customer additions and an increase in revenue per average user. Source
Posted On 13 May 2015

WeChat is Tencent’s ace in China’s online entertainment race

BEIJING/LOS ANGELES (Reuters) – In a multi-billion dollar dogfight with Alibaba Group Holding Ltd for leadership in China’s online entertainment market, mobile messaging app WeChat is Tencent Holdings Ltd’s trump card. Source
Posted On 13 May 2015

TPG’s Marren steps back from role as technology chief, documents show

(Reuters) – TPG Capital LP partner John Marren has a reputation for savvy technology investments and for leading the private equity firm’s technology buyouts team. Since the beginning of last year, though, he has been taking a less prominent role, according to TPG documents...
Posted On 13 May 2015

Alibaba’s cloud computing unit to establish base in Dubai

DUBAI (Reuters) – The cloud computing unit of Chinese e-commerce giant Alibaba Group Holding said it would establish a base in Dubai to seek business from companies and governments in the Middle East and North Africa. Source
Posted On 13 May 2015

Verizon, Sprint to pay $158 million over unauthorized phone charges

WASHINGTON (Reuters) – Verizon Communications Inc will pay $90 million and Sprint Corp will pay $68 million to settle U.S. government probes into unauthorized charges tacked onto their customers’ phone bills, federal agencies said on Tuesday. Source
Posted On 13 May 2015

Canada raises more than C$750 million in telecom spectrum auction

TORONTO (Reuters) – The Canadian government said on Tuesday it had raised C$755.4 million ($627.77 million) in a 2500-megahertz spectrum auction set to boost telecom coverage in rural areas across the vast country. Source
Posted On 13 May 2015

Xiaomi enters money market fray with Huoqi Bao service

BEIJING (Reuters) – Chinese smartphone maker Xiaomi Inc waded into China’s red hot online finance arena on Monday with a new money market fund to compete against the likes of tech rivals Alibaba Group Holding and Tencent Holdings. Source
Posted On 13 May 2015