“President Donald Trump said Saturday he’s given his ‘blessing’ to a proposed deal that would see the popular video-sharing app TikTok partner with Oracle and Walmart and form a U.S. company,” reports CBS News:
Mr. Trump has targeted Chinese-owned TikTok for national security and data privacy concerns in the latest flashpoint in the rising tensions between Washington and Beijing. The president’s support…
Tag: stock
ARM Co-Founder Starts ‘Save Arm’ Campaign To Keep Independence Amid $40 Billion Nvidia Deal
An anonymous reader quotes a report from TechCrunch: Arm Holdings, the U.K. semiconductor company, made history for the second time today, becoming the country’s biggest tech exit when Nvidia announced over the weekend that it would buy it from SoftBank for $40 billion in an all-stock deal. (Arm’s first appearance in the record books? When SoftBank announced in 2016 that it…
Nvidia Reportedly Acquiring ARM For $40 Billion
“SoftBank is set to sell the U.K.’s Arm Holdings to U.S. chip company Nvidia for more than $40 billion,” writes Ars Technica, adding that the deal’s imminent announcement was reported earlier by the Wall Street Journal. The move comes just four years after Softbank bought ARM, promising it would become their company’s linchpin: Multiple people with direct knowledge of the matter…
Drone Drops Hundreds of Marijuana Bags On Tel Aviv
Long-time Slashdot reader destinyland writes: A drone over Tel Aviv’s Rabin Square dropped hundreds of bags of weed on Thursday, setting off a mad scramble by onlookers to stock up, the Jerusalem Post reported. According to the Post, the giveaway was orchestrated by a Telegram group called Green Drone that advocates for the legalization of marijuana throughout Israel. (Medical marijuana is…
SoftBank Unmasked As ‘Nasdaq Whale’ That Stoked Tech Rally
An anonymous reader quotes a report from CNBC: Japan’s SoftBank was reportedly the “Nasdaq whale,” that bought billions of dollars in individual stock options in big tech companies over the past month, driving up volumes and contributing to a trading frenzy. Softbank declined comment on a Financial Times story that quoted unnamed sources who said it was buying equity derivatives on…