Amazon’s connected device cart grows with $1.7 billion deal for Roomba maker

Amazon’s connected device cart grows with .7 billion deal for Roomba maker

Aug 5 (Reuters) – Amazon.com Inc (AMZN.O) will acquire the maker of robot vacuum cleaner iRobot Corp (IRBT.O) in an all-cash deal for about $1.7 billion, in the latest push by the world’s largest online retailer to expand its cart of smart home devices. Amazon will pay $61 per share, valuing the Roomba-maker at a … Read more

EXCLUSIVE Tencent seeks bigger stake in ‘Assassin’s Creed’ maker Ubisoft -sources

EXCLUSIVE Tencent seeks bigger stake in ‘Assassin’s Creed’ maker Ubisoft -sources

HONG KONG, Aug 4 (Reuters) – Tencent Holdings Ltd (0700.HK) plans to raise its stake in French video game group Ubisoft Entertainment SA (UBIP.PA) as the Chinese gaming giant pivots to the global gaming market, four sources with direct knowledge of the matter told Reuters. China’s largest social network and gaming firm, which bought a … Read more

Pinterest shares surge after Elliott discloses it is the largest shareholder

Pinterest shares surge after Elliott discloses it is the largest shareholder

Screens display the company logo for Pinterest Inc. during the company’s IPO on the front of the New York Stock Exchange (NYSE) in New York, US, April 18, 2019. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Aug 1 (Reuters) – Activist investor Elliott Investment Management disclosed on Monday it had become … Read more

Chilean authorities investigate mysterious large sinkhole near copper mine

Chilean authorities investigate mysterious large sinkhole near copper mine

SANTIAGO, Aug 1 (Reuters) – Chilean authorities started investigating on Monday a mysterious sinkhole about 25 meters (82 feet) in diameter that appeared over the weekend in a mining area in the north of the country. Chilean media showed aerial images of the sinkhole on land operated by a Canadian Lundin Mining (LUN.TO) copper mine, … Read more

Evergrande offers sweetener for debt revamp as China property crisis worsens

Evergrande offers sweetener for debt revamp as China property crisis worsens

A partially removed company logo of China Evergrande Group is seen on the facade of its headquarters, near a traffic light in Shenzhen, Guangdong province, China January 10, 2022. REUTERS/David Kirton Register now for FREE unlimited access to Reuters.com Register HONG KONG, July 29 (Reuters) – China Evergrande Group will offer its offshore creditors asset … Read more

Meta posts first-ever revenue drop as inflation throttles ad sales

Meta posts first-ever revenue drop as inflation throttles ad sales

Facebook’s new rebrand logo Meta is seen on smartpone in front of displayed logo of Facebook, Messenger, Intagram, Whatsapp, Oculus in this illustration picture taken October 28, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register July 27 (Reuters) – Meta Platforms Inc (META.O) issued a gloomy forecast after recording its first … Read more

Breakingviews: GE is fine, it’s everyone else that’s the problem

Breakingviews: GE is fine, it’s everyone else that’s the problem

Technicians build LEAP engines for jetliners at a new, highly automated General Electric (GE) factory in Lafayette, Indiana, US on March 29, 2017. REUTERS/Alwyn Scott/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, July 26 (Reuters Breakingviews) – No man is an island, but General Electric (GE.N) boss Larry Culp might … Read more

Kremlin: German ex-chancellor Schroeder in Moscow, meeting possible

Kremlin: German ex-chancellor Schroeder in Moscow, meeting possible

Former German Chancellor Gerhard Schroeder is pictured during an interview with Reuters in his office in Berlin, Germany, November 15, 2018. REUTERS/Fabrizio Bensch Register now for FREE unlimited access to Reuters.com Register This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, July 26 (Reuters) – The … Read more

Microsoft soothes market fears with forecast for strong revenue growth

Microsoft soothes market fears with forecast for strong revenue growth

A Microsoft logo is seen in Los Angeles, California US November 7, 2017. REUTERS/Lucy Nicholson Register now for FREE unlimited access to Reuters.com Register July 26 (Reuters) – Microsoft Corp (MSFT.O) on Tuesday forecast revenue this fiscal year would grow by double digits, driven by demand for cloud computing services and sending shares up 5%. … Read more

Meta bumps prices of Quest 2 headsets ahead of successor release

Meta bumps prices of Quest 2 headsets ahead of successor release

The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register July 26 (Reuters) – Meta Platforms Inc (META.O) said on Tuesday it would raise the prices of its Meta Quest 2 virtual reality (VR) headset by about $100 from August, even … Read more