[ad_1] The company will have to drop exclusivity deals with partners and intermediaries. It’ll also cap its fare increases (beyond inflation) to 10 percent for its most common Uber X and Careem Go tiers. Surge pricing, meanwhile, can’t jump beyond 2.5 times the normal rate and can’t be applied to more than 30 percent of […]
Category: acquisition
UK regulator opens probe into Amazon’s Deliveroo stake
[ad_1] Amazon has failed to address our initial concerns that their investment in Deliveroo could be bad for customers, restaurants and grocers. The deal will now be referred for an in depth, Phase 2, investigation. Find out more: https://t.co/tvRHjmfPFm pic.twitter.com/JqJQVahx00 — Competition & Markets Authority (@CMAgovUK) December 27, 2019 After its own takeout and delivery […]
WSJ: Comcast might buy the free streaming app Xumo TV
[ad_1] If you’re keeping track of the internet TV landscape there may be change incoming, as the Wall Street Journal reports Comcast — which is preparing to launch the NBCU-powered Peacock streaming service — is in advanced talks to buy Xumo TV. While Xumo isn’t as familiar of a name, its app is readily available […]
Sonos buys an AI startup to improve voice control for its speakers
[ad_1] Snips is a small, 50-person outfit, and that was reflected in the size and speed of the deal. Sonos bought the firm for $37.5 million, and it quietly closed on November 14th. The buyout is a recognition of an intensifying smart speaker market. Competitors have usually leaned more on voice assistants than audio quality […]
HP rejects Xerox buyout offer, at least for now
[ad_1] However, HP not so subtly hinted that it was open to a better deal. The HP board told Xerox that “substantive engagement” from executives and access to relevant information could help it gauge the value of a deal. It’s not averse to being acquired, then, but it does want to know that any buyout […]
FCC formally approves the T-Mobile-Sprint merger
[ad_1] The FCC believes the deal will close the digital divide and advance 5G in the US. T-Mobile and Sprint have committed to deploying 5G service to cover 97 percent of Americans within three years. They’ve also pledged to provide 90 percent of Americans with access to mobile service with speeds of at least 100 […]
TikTok’s parent company reportedly faces a national security review
[ad_1] Recently TikTok’s popularity has exploded worldwide, and so has scrutiny over the app’s parent company ByteDance and its relationship to the Chinese government. Now Reuters reports that the Committee on Foreign Investment in the United States (CFIUS) has opened a national security review of the company, because it had not sought approval to make […]
Tesla acquires battery expert in bid to make its own cells
[ad_1] We’ve asked Tesla for comment. This isn’t Tesla’s first purchase in the space. It recently acquired Maxwell, a California company that has been developing next-gen lithium-ion electrodes. On top of this, Tesla also struck a five-year research agreement with Canadian research leader Jeff Dahn that might bear fruit. Elon Musk said Tesla was making […]
Tesla reportedly buys AI startup that helps self-driving cars see
[ad_1] The deal hasn’t been officially confirmed. We’ve asked Tesla for comment. However, it’s clear that something is afoot. DeepScale chief Forrest Iandola stated on LinkedIn that he joined Tesla’s Autopilot team “this week,” and that he was working on autonomous driving. CNBC sources said that Tesla bought DeepScale “outright.” An acquisition would make sense. […]
FCC approves Nexstar’s $6.4 billion acquisition of Tribune Media
[ad_1] To comply with TV ownership rules, Nexstar will sell 21 of its local TV stations. Those sales were also approved today. The FCC says the proposed merger will benefit both Nexstar and Tribune customers. The Tribune stations will now have access to Nexstar’s Washington D.C. news bureau and state news bureau, and Nexstar has […]