Hard-disk drive maker Western Digital Corp said it would buy SanDisk Corp for about $19 billion, giving it better access to flash memory storage chips used in smartphones and mobile devices. SanDisk’s shares rose to $78.76 in premarket trading, but were well below the cash-and-stock offer of $86.50 per share. Shareholders are probably disappointed because they were likely looking for a 52-week high takeout price, Wedbush Securities analyst Betsy Van
Hard-disk drive maker Western Digital Corp said it would buy SanDisk Corp for about $19 billion, giving it better access to flash memory storage chips used in smartphones and mobile devices. SanDisk’s shares rose to $78.76 in premarket trading, but were well below the cash-and-stock offer of $86.50 per share. Shareholders are probably disappointed because they were likely looking for a 52-week high takeout price, Wedbush Securities analyst Betsy Van
The investigation is at an early stage and senior Justice Department lawyers in Washington are undecided on whether daily fantasy sports betting violates federal gambling statutes, the newspaper reported, citing people familiar with the matter. The newspaper reported earlier this month that the Federal Bureau of Investigation and the U.S. Justice Department were investigating the industry, but the central role of Bharara’s office was not previously known. Reuters could not
The investigation is at an early stage and senior Justice Department lawyers in Washington are undecided on whether daily fantasy sports betting violates federal gambling statutes, the newspaper reported, citing people familiar with the matter. The newspaper reported earlier this month that the Federal Bureau of Investigation and the U.S. Justice Department were investigating the industry, but the central role of Bharara’s office was not previously known. Reuters could not
(Reuters) – Intel Corp said it may invest up to $5.5 billion in manufacturing semiconductors in China, stepping up efforts to improve ties with Beijing as it seeks new revenue streams while demand for its core computer processing chips falters. The U.S. firm said it would convert a facility in Dalian, its first plant in China, for memory chip production. It didn’t disclose a time period for the investment, but
(Reuters) – Intel Corp said it may invest up to $5.5 billion in manufacturing semiconductors in China, stepping up efforts to improve ties with Beijing as it seeks new revenue streams while demand for its core computer processing chips falters. The U.S. firm said it would convert a facility in Dalian, its first plant in China, for memory chip production. It didn’t disclose a time period for the investment, but
By Paul Sandle LONDON (Reuters) – ARM Holdings, the British chip designer whose technology powers Apple’s iPhone, beat market expectations with a 27 percent rise in third-quarter profit and said it was confident it could keep outperforming rivals. ARM’s low-power processor designs are used in nearly all smartphones and it has consistently outperformed the market as it has found new uses for its technology, such as tablets. Chief Financial Officer
Italian broadcaster Mediaset and Google have clinched a content deal that brings an eight-year legal dispute to an end and opens prospects for future cooperation, the two companies said on Wednesday. Mediaset, controlled by former Prime Minister Silvio Berlusconi, said in a joint statement with the U.S. internet search company the agreement was aimed at developing its digital content through a partnership with YouTube and Google Play. The deal also
Hackers associated with the Chinese government have tried to penetrate at least seven U.S. companies in the three weeks since Washington and Beijing agreed not to spy on each other for commercial reasons, according to a prominent U.S. security firm. CrowdStrike Inc said software it placed at five U.S. technology and two pharmaceutical companies had detected and rebuffed the attacks, which began on Sept. 26. On Sept. 25, President Barack
WASHINGTON (Reuters) – The FBI and the Secret Service are investigating reports that CIA Director John Brennan’s personal email had been hacked, although no classified information had been accessed, CNN said. The New York Post reported on Monday that a high school student claimed to hack into Brennan’s private email account. Reuters could not immediately verify the reports. (Reporting by Susan Heavey; Editing by Doina Chiacu)
