Business

Here’s how much Verizon’s offer to buy Yahoo is decreasing

Here’s how much Verizon’s offer to buy Yahoo is decreasing

After Yahoo's well-documented trouble with security breaches, we expected to see Verizon decrease its offer to buy the company's operating business. What started as a $4.8 billion offer was rumored to drop by as much as $1 billion shortly after those breaches came to light, but last week, new reports indicated that the drop would only come in at $250 million. Today, Verizon is finally breaking its silence on the matter, revealing just how much its offer with drop.

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Uber preps first diversity report following harassment allegations

Uber preps first diversity report following harassment allegations

Diversity reports have become popular among tech companies in the face of growing public criticism over low-diversity workforces and potential discrimination. Some companies have been issuing such reports for years now while others are just getting started, and one such notable company is Uber. The ridesharing company is said to be preparing its first ever diversity report following allegations that its didn’t adequately handle alleged sexual harassment within the company.

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Samsung’s reputation in the US tanks alongside Volkswagen

Samsung’s reputation in the US tanks alongside Volkswagen

The latest Harris Poll is in, and in it we see some pretty obvious conclusions, namely that both Samsung and Volkswagen suffered big blows to their reputations in the United States last year. According to the poll, Amazon has the top ‘reputation quotient,’ with other notable companies on the list including Apple at #5, Disney at #7, Google at #8, and Tesla at #9.

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Apple acquires facial recognition firm RealFace

Apple acquires facial recognition firm RealFace

It seems those recent rumors about Apple looking to implement facial recognition and other biometric features into future iPhone models are ringing true, as it's been reported that Cupertino has acquired RealFace, an Israel-based startup that specializes in facial recognition. This news comes from the Times of Israel, which adds that Apple purchased the company for an estimated $2 million.

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T-Mobile, Sprint merger may have SoftBank put it all on the line

T-Mobile, Sprint merger may have SoftBank put it all on the line

Today we're hearing a whopper of a rumor that could have pretty big implications for the US carrier space. SoftBank is apparently eager to see Sprint, one of its subsidiaries, merge with T-Mobile, but resistance from T-Mobile parent company Deutsche Telekom would make such a merger difficult. With Deutsche Telekom unwilling to sell its stake in T-Mobile, it sounds like SoftBank is prepared to put a lot on the line - namely, giving up its majority share in Sprint.

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Samsung chief’s arrest, bribery, corruption, scandal, and a horse (Made Easy)

Samsung chief’s arrest, bribery, corruption, scandal, and a horse (Made Easy)

Samsung is involved in an alleged bribery scandal that includes the president of South Korea, $36m in funds, and an equestrian horse. The scandal involves Samsung's de-facto leader Lee Jae-yong (aka Jay Y. Lee), the grandson of the founder of the company*. It also involves South Korean President Park Geun-hye and her suspension from power amid impeachment proceedings - also as a result of bribery schemes involving "dozens of Korean companies".

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HTC to make at most 7 phones this 2017, entry-level out

HTC to make at most 7 phones this 2017, entry-level out

HTC's smartphone business has long been in trouble that it has almost become a guessing game when it would fold. The Taiwanese manufacturer has stubbornly refused to budge, however, having no other fallback in the meantime. But now that its Vive VR business has taken off the ground, it has finally decided to go the cutting board. No, HTC isn't bowing out of the smartphone business completely, but it is letting go off all but its higher end models.

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Samsung vice chairman’s arrest ordered by South Korean court

Samsung vice chairman’s arrest ordered by South Korean court

A South Korean court has ordered the arrest of Samsung vice chairman Jay Y. Lee, it has been revealed, as the latest event in the corruption scandal hitting the nation. The order was made by the Seoul Central District Court, which reportedly elected not to issue an arrest warrant for Park Sang-jin, Samsung Electronics’ president. Lee is reportedly now in custody at a detention center in Seoul.

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New AT&T Unlimited plan arrives tomorrow for postpaid customers

New AT&T Unlimited plan arrives tomorrow for postpaid customers

AT&T has announced that it will launch a new Unlimited plan starting tomorrow, offering it to all postpaid business and consumer customers. The news comes only a few days after Verizon brought back its unlimited plan, one that promises to give subscribers unlimited access to the carrier’s 4G LTE network. T-Mobile was quick to respond to the Verizon plan by upgrading its own ONE plan, and now four days later this appears to be AT&T’s response.

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After Yahoo security breaches, Verizon reportedly drops offer by $250m

After Yahoo security breaches, Verizon reportedly drops offer by $250m

We had a feeling that Yahoo's security woes might do something to the buyout offer Verizon put on the table, and today we're getting an idea of just how much of a hit Yahoo is going to take. Verizon was initially offering $4.8 billion to purchase Yahoo, but after a string of reports on Yahoo's lax security, it looks like that price is set to drop a bit.

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Uber expands mapping cars to improve its road data

Uber expands mapping cars to improve its road data

Uber has been working on increasing its mapping data, something that’ll ultimately improve its service for riders. Part of that effort has involved deploying its own mapping cars -- that is, vehicles featuring Uber’s mapping devices for collecting important navigation and transportation data. Rather than using dedicated mapping cars, though, Uber has put this technology into some of its existing ‘driver-partner’ vehicles so that ordinary Uber rides gather important travel info.

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Apple’s OLED iPhone 8 is a huge Samsung payday

Apple’s OLED iPhone 8 is a huge Samsung payday

Samsung is tipped to be on the receiving end of a large order from Apple, one seeking more than $4 billion dollars’ worth of OLED panels. The sources say that in light of this new alleged order and previous ones, Samsung is officially a ‘major supplier’ for the upcoming iPhone model. Assuming the sources are correct, Samsung Display has been tapped to produce 60 million OLED panels via this latest order.

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