About 10 private equity firms and data companies are considering bidding for Chinese-controlled Global Switch, in a deal that could value the company at $10 billion, according to four people with direct knowledge of the transaction. The UK-based data center operator, controlled by Chinese steelmaker Jiangsu Shagang Group, kicked off a formal sale process earlier… Continue reading Private equity, data firms vie for UK-based data centre operator Global SwitchPotential suitors include KKR, EQT, aPAG.
Category: Tech News
Category Added in a WPeMatico Campaign
Twitter’s lawsuit to hold Elon Musk to his $44b deal heads for Oct. 17 trial
A Delaware judge ordered a five-day trial to run Oct. 17-21 in Twitter Inc’s lawsuit seeking to hold Elon Musk to his $44 billion deal for the social media platform, according to a court filing made public on Friday. Musk, the world’s richest person and chief executive of Telsa Inc, also must file any counterclaims by 5 pm… Continue reading Twitter’s lawsuit to hold Elon Musk to his $44b deal heads for Oct. 17 trial
Indonesian conglomerate Astra sets up commercial vehicle rental JV with Toyota
Subsidiaries of Indonesian conglomerate Astra International and Toyota Motor Corporation have set up a joint venture to offer full-service rental for commercial vehicles, according to a statement on Friday. PT Arya Kharisma and Toyota Motor Asia Pacific Pte Ltd have formed a 50:50 JV called PT Mobilitas Digital Indonesia, which is slated to start operating… Continue reading Indonesian conglomerate Astra sets up commercial vehicle rental JV with Toyota
Indonesian lender Bank Mayora to become fully digital in Q1 2023
PT Bank Mayora, a small-sized domestic lender recently acquired by the state-owned PT Bank Negara Indonesia Tbk (BNI), is set to become fully digital in the first quarter of 2023, a top executive said on Friday. BNI President Director Royke Tumilaar said Bank Mayora remains operational as usual while its parent company is preparing to… Continue reading Indonesian lender Bank Mayora to become fully digital in Q1 2023
Asia Digest: FTC seeks to stop Meta from acquiring Within; ThaiBev may not proceed with spinoff listing of BeerCo
The United States’ Federal Trade Commission (FTC) announced it is seeking to block virtual reality giant Meta from acquiring Within Unlimited, a VR firm backed by Temasek while Thai Beverage (ThaiBev) may decide not to proceed with its proposed spinoff listing of brewery unit BeerCo on the Singapore Exchange if the board deems it not… Continue reading Asia Digest: FTC seeks to stop Meta from acquiring Within; ThaiBev may not proceed with spinoff listing of BeerCo
The UK’s extreme heatwave would have been ‘virtually impossible’ without climate change
Climate change made the record-smashing heatwave in the UK last week at least 10 times more likely, new research has found. The analysis was published yesterday by the World Weather Attribution initiative, a collaboration of scientists from universities and research institutes around the globe. “In a climate unaffected by human-induced climate change, it would be… Continue reading The UK’s extreme heatwave would have been ‘virtually impossible’ without climate change
Will Volkswagen’s new CEO hamstring its EV push?
Volkswagen dropped a bombshell announcement late last week: Herbert Diess was out as CEO. As a manager, Diess was controversial, with a style that chafed both executives and labor leaders alike. But as a strategist, he was on firmer ground, deftly steering Volkswagen out of the Dieselgate scandal and setting it on a path toward… Continue reading Will Volkswagen’s new CEO hamstring its EV push?
Polymath Robotics launches plug-and-play autonomy software for any industrial vehicle
“Robots suck.” It’s a bold declaration for a startup founder aiming to work with robots — or more accurately, the software that helps turn a tractor, tiller or forklift into an automated vehicle. But Stefan Seltz-Axmacher, who previously founded and led the now shuttered autonomous vehicle startup Starsky Robotics, is trying to make a point.… Continue reading Polymath Robotics launches plug-and-play autonomy software for any industrial vehicle
Amazon Drive is shutting down at the end of 2023
Bad news for the (presumably few) people out there who have relied on Amazon Drive for storing their important files in the cloud: Amazon is shutting down the service. On the plus side, you’ve got well over a year to figure out an alternative and get everything moved over. The company says Amazon Drive will… Continue reading Amazon Drive is shutting down at the end of 2023
Kylie Jenner can’t save Instagram forever
In early May, the Meta executive in charge of Instagram, Adam Mosseri, shared some news: the social media app’s main feed would start looking dramatically different to some users. For those in a small test group, the feed they’d been using for a decade would be replaced with an “immersive viewing experience” containing full-screen photos… Continue reading Kylie Jenner can’t save Instagram forever